The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-30
ireadaway Company Can No Longer
Stand the Heavy Expense.
GOOD OIL SIGNS HAVE BEEN FOUND
ana Mr.. Treadaway Believes that Well
IN that Vicinity Would Be a Good
Pumping Proposition.

ne was very sorry 10 have to do SO, but
"e'luents piled upon him yesterday to such
an extent that It became impossible TO 60
iurther without laying in a supply Of pipe
n dinerent size, 2io0 feet of four-inch alone
oeing required. The well was abandoned
at depth Of 24s7 feet and IS the deepest
Wen ever drilled In the county with one
exception. Yesterday the end Of the four
men pipe twisted OF and a spear was sent
down to try to recover 1t. This
also twisted OF and then another
went down, meeting the same fate.
Something else became fastened in the well
and the only alternative was to pull up
the iourineh pipe. which the driller started
to do and then II twisted of.
The Treadaway well is located one mile
que north Of the upper edge Of thu proven
ned and has been watched with q e,ial
scrutiny since 1t began going down, About
zen days ago persistent rumor gained Cur.
culation to the effect that oil had be-
found there Mr. Treadaway SAYS that tubs
Is fact and that at Il depth of 24ll feet
ne struck strong showing OF ~ anu
good quantity of gas They undertook 10
bail ~ that depth and QIicksand howeu
into the pipe and ran up 1000 feet. IheF
forced this back and decided to go on down
and when this was done they found rock
and were drilling in rock when the aeei,
dents of yesterday came. The tact tnat
the rock was struck Mr.. TreadaWnN THINKS
is pretty sure sign that II Is cap tock
to the oil below, but he believes that he
and his COMPANY have spent their full share
in validating and that 1t Is time Tor some
one else to drlll deep well. lie mas gone
down In his own pocket He also stalGn
that they found a showing of OIL al ~
feet and again at 1927 feet, either Of which
win eventually prove good pumping profo-
Sitous He win hold the twenty nve acres
of land that the company owns In that tract
because some day II viii he very valuable.
The amount of pipe In the we'll nov Is as
follows Twclve-inch. 500 feet: clght-inch,
1901; slX-inch, 2411, fourlnch, 23SI.
~
The thirty people who went from here TO
Jennings returned last night well pleased
with their trip and firmly convinced that
Jennings is destined to become most
valuable field in the near future. In the
party were o number OF representative
Beaumonters and they are convinced that
the field there Is Il very wide one, II is
in the hands OF a few companies and this
will probably keep down the number or
wells, hut the concern; that own me prop.
erty state that they will Mt once proceed
/ to store and market the oil. The largest
| owners are the Jennings OH company, the
/ Haywood Jennings syndicate and the South
ern oil company Dewey Haywood, one
Of the interested parties, thinks that the
field Is going TO show total area OF SoUp
/ acres. II Is elevated In spots and does not
I look much like the Spindle Top field. Tho
/ well that was exhibited Yesterday Is In one
/ Of the sinking spots and Is said TO he 1870
( feet deep. Mr.. Haywood SAYS that there
will he two more gushers brought in In the
next few days. ila
The Paraguay is expected back TO Port
/ Arthur tomorrow for another 25,0o0barrel
cargo This will be that vessels third
trip here this month and she is expected
/ regularly from now on. The destination
| this time is not known.
~
! The Penman steel and Iron Tank com
| pany will, 1t is stated, be ready to go to
| work hero actively manufacturing tanks
/ and such material by July 10. The con-
pany has very large force of men ri
( work and Will push matters as rapidly Us
possible. but the failure of building mate
/ rial TO get through IN anything like a
/ prompt manner has caused delays that
| can not be overcome in time to get started
| by July ].
Tho George A. Burt people are pushing
construction on two pipe lines to Sabine
( Pass This was mentioned some time since,
but like everything else they are doing
nothing of definite nature was known.
/ They are now actually engaged in the worl
and the two pipe lines lie side by side
] ana VIII convey great quantities OIL OH 70
Sabine Pass for export. one Is six-incl
/ pipe and Is laid for the purpose of con
4 veying the refined product to the sea, while
the other is an eight-inch and will carry
the crude or fnel oil These lines will i,
| finished in n short time and It Is stated
that the big line will be put In service
at once, while the reeurd line will not
( get started Of course un,il the refinery
starts to work, which VII be some time
Yet.
At present the Standard oil company
is getting practically all it's oil through
the Lone Star and Crescent oil company
at Sabine Pass.
Cleveland ct al conveyed 10 T. W. House
today part Of the veatch league for $685.
so. This is part OF the Spindle Tor
feld
Aureleaus Hare today closed a deal with
Messrs. J. n Cotton, J. n. Miller and NJ
r. Yates for lot s. On block 81, OF the Hars
subdivision for 1920 These lots are 1ox2.
feet and at this rate an acre on Spindle TOT
is today worth $4,000
~
Mr. James E. Moor the Galveston mem
her Of the Moore Skinner syndicate, is II
Beaumont today looking after oil matters
Governor Hogg Is stil in Beaumont anC
yesterday paid a Visit 10 Splnule Top 10
the purpose Of seeing n well spout tina
had been reported as only flowing under al
pressure. He branded the story as false
stating that the well flowed a strong strean
without agitation or assistance OF any kind
TIe was IN a good humor over the matter
though he stated to The Post correspondent
that he expected nothing else.
~
The work Of construction on the tw
large 37.50O.barrel tanks at Sour Lake /
getting along fairly well now. They ar
tho nropcrty ~ the Guffey Petroleum com
many. which concern has purchased 5000
barrels of Sour Lake crude from tho AZ
| iantic and Paclhc company. The work o
pettin. ready for pipe lines to that iel
Icons IN with a persistency that can onl
rcsnlt In many lines being built there be
, Tore the year Is over.
~
Nothing further has como. from the Bi
min rumors that were 50 freely reporte
= iast week and the truth n them IS evident
+ IL Of had caste or the well would have bee
reported IN by now.
~
, Business was only fair on the oil eS
change this morning. The new man 20 d
the calling laid down the laws on certai
subjects and stated he was going 10 pre-
coed according 10 Hoyi' or the e1ecutiv