The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-26
TWO NEW WELLS ARE IN.
One Of Them Is a Shallow GeySef
with an Immense Pressure.
sIx.NcH WELLS TO BE THE RULE
First Site Selected for Refinery Has
Been indoned--Trsnsfers OF
Oil Land. and Leases.

Beaumont Texas, January 25.--Two new
sushers wore brought In today, thing
that has not occurred In several days,
j. A. Paulhamus brought IN a six inch
well on block q OF the veateh survey.
II came In at depth Of 1OlS feet and
the flow was satisfactory in every way.
The Mercantile oil aud Fuel company
OF Beaumont and ST. Louis brought In a
TiS-inch well today. The well Is located
on the Hoge-swaync tract. 1t spouted at
a depth OF gl4 feet. an HnuSunHy shallow
depth An Immense gas pressure showed
W when the flow was directed through tie
horizontal pipe, resulting in the blowing
ont OF plug twice. The big spouter was
finally gotten under, control however.
49,
In future nothing larger than slx-inch
wells will be 5rougIt in ON Spindle Top;
at least this VIII he tne ruiz, ana there
will be few exceptions. At frs: everybody
wanted the biggest well 1t was possible
for the contractor to lrI. but now the
contracts call for six-Inch wells. rhrr1
are several reasons for This. IN the first
place. IT costs more 10 dlll 'arger well,
ht least fJr the easing uud the culnCV OF
completing 10 is lot SO good rs Win a
smaller well Several companies That have
have failed 10 get amy well az all, the
contractor having 10 give up the COB and
start a. new hole, and several contractors
WHO tried TO bring ~ eight, nine or ten
inch wells had 70 reduce 80 four inches
before they reached the oil sand. - is
also fact that slXlleh wei. WIN fur
nish more oil than can he shipped AIRY
from IL. some companies nave prtaps
proceeded on the theory lhaC u blk Wei
would help 10 sell stock, nut since nearly
every company In tbs lcld claims to have
o. q hfs al
lltt.c consequence. Then tnG, il ~ Ga u 81
that II Is harder to make the larger woil5
now gficr they have remained cipsnd for
pressed air Tor "agitntlAc" Tho vets Is do
Ing away With this roublc.
-
j. H. I'm has sold to the Denver Beau
mont Oh company thirty second OF AN
acre 10 block 81 Of the Yeatcn survey, for
S7JOo.
W T. Bricc has sold no oil lease on ten
acres in Texas aud New orleans section
No. l4B 10 the East Texas OIL aud Develop
nrnt company Nc has also sold 10 the
same company the ull uhd COS lease on ten
acres in school sectlon t7G
W. r. lrcc has sold the oil and gas
lcusc on forty acres la school section No.
jtB TO the Texas ON ana Fuel company
Aud q lease on forty acres iu Texas and
Sew Orleans section No. i46, also half
nrFc OF the parish land In the Neatch
survey
~
The following stocks were sold on tine
beaumont OH exchange:
Beaumont OH company. shares, at SGT
Higgins 3 shares. at $3.50.
Higgins ] share, az SIS
American OH and Refining, 1000 shares,
at &C.
Anglo-Amerlcau, 10000 shares at sac.
Anglo American, 2000 shares. nj %.
Anglo-AmcricHu, i05,OOO shares. at 2Ac.
Anglo American, 1900 shares, NJ 2Ac.
Beaumont Confederated 10000 shares, at
14c
International 1000 shares. al &c
International 1000 shares al 2Ikc
Independence, loco shares, at 29ic
independence, roo shares, at 27sc
Gcrman-A mcrican, lLhud shares, at 4oc
German American, COCO shares Mt iSlkc
German American, 1000 shares. at 4SAc
Gcrman-Amerlcan. 1000 shares, AT 4Sc
German American. 5000 shares, AZ 4SSSc
Gober. 100 shares 10 &c.
~
The FFstcrn capitalists who purchased
eEhty-6ve acres out of the Caswen tract,
south Of the city. for n site for refinery,
have abandoned the plnn OF building re
hnery on the site because Of the difficulty
Of securing rightofway for railroad
tracks. Ii was reported that the rlght-of.
way bad been secured, but there was n
hitch and the negotiations are on. The
capitalists are looking for another site near
the city upon which to build a refinery.