The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-15
An Important Well Has Just Been
Brought in at Beaumont.
IT wlDENs TERRITORY MATERIALLY
Located in a Place Where Several
Previous Wells Had Been Abandoned
as Not Likely to Get Oil.

Beaumont, Texas January 1.-THE bring
ing In OF the Beaumont Petroleum and
Gas company's well this morning made
an important addition to the proved terri
tory. The well is northeast from the field,
on the north side OF block %, and just
100 feet from the nearest gusher which
Is the Hanson or Maid Of Orleans well.
The spoutlng Of this well was the most
important event Of recent days in the 1eld,
not that II added q greater area of proved
territory than the Jones Development com
pany's well, hut it is in locality where
TWO or three gassers have failed far to
develop into oil spouters.
In the case Of the Jones well the ter
ritory was regarded as oil land before the
well was brought In, but there was much
doubt as to whether the Beaumont Petro-
leum and Gas company would ind oil, until
the black grease showed M today in
strong and steady flow.
Another important thing I'm connection
wlrh the well IS that IT is fully 100 feet
on the elevation known as spindle Top
Heights.
The new well proves az least thirty
ncres OF land, and as the minimum price
for oil land now is about $4,000 per
acre, the well may be said to have added
So. 10000 worth Of proved territory TO the
held. Further than this, 1t will stimulate
development northeast OF the hill and may
result in other valuable additions to the
deld in this direction.
Great difficulty was experienced in drill
Ing the well that came In this morning, the
arillers having encountered many hard
strata OF rock. The drllers had been at
work on the well about eight months when
1t came in 1t Is 1918 feet deep. and The
Cow was entirely satisfactory. being free
from sand or rock. The officers and dlrcc-
tors OF the company bringing 1t in are
Beaumonters.
The Palestine Beaumont oil company has
in operation an air compressor for the
purpose Of agitating wells As has been
mentioned many times, wells that are left
closed for some time must be balled he.
fore they will how. and it is sometimes
necessary to bail them for day or two,
or long enough to remove the dead OIL
This is very troublesome and moro or less
expensive The ali compressor Is Intended
to do away with the necessity Of haiing.
a test made with Il today was Of a most
satisfactory nature. 4 we'll that had re-
fused TO flow after several hours battling,
eppuifu Wlluln luIte minutes aIltt IHe Hlt
was turned into It, A small pipe is run
Down on the inside Of the casing the air
Is turned on and the well begins to spout.
II Is likely that afr compressors will sogn
be used on all Of the wells,
~
Colonel j. NJ. Gufey Of Pittshurs, presi
dent OF the j. NJ. Guffey Petroleum com
pany, has telcgraphed the local deep watei
committee that he viii attend tho hearing
tn be given the committee hV the riVcri
snd harhors committee and do all he cal
Tor Beaumont's deep water proposition. W.
also states that he viii take others will
him.
~
Following are the sales on the Beaumon
oil exchange:
Haywood shares nj 500
Anglo American, 900 shares at 3igc.
Angio-Amercan $50 shares at 3lsc.
Anglo-American. 1000 shares NJ 33sr
AnglO-American, 1900 shares nj 3iaC.
German American, | share at SOC
Spindle Top, ] share at 40C,