The Montgomery advertiser., 1904-09-03
OIL FIELDS OF 1EXAS|
TREMENDOUS INVESTMENTS II
 BEAUMONT DISTRICT.
Since the First Gusher Was Brought In, sS0,000,0OO Has Been Spent
 in Furthering the In-
 dustry.


 Baltimore. Sept. 2.-(Special.)--In a review of developments In the southeast Texas oil fields since the outburst or the gushers forty-three montJs ago from Beaumont In this weeks issue of The Manufacturers Record shows an investment of more than s3e,e0o, 900 and an output of more than 5f.oeo,o0o barrels. It says:
 The investment in the Southeast Texas oil industry from Jan. l. 1901, to August IS. YS04 is estimated as fol- lows: Cost of drilling 1927 wells, at an average expense of $4.00o per well, s6.50S. 900; cost of equipping 1,200 wells, at an average expense of $l.S50 Si,62O,o0o; cost of 10.193,000 barrels Of open ground storage. at 13 cents per barrel, including land. $1.325,ose; cost of 7,232,000 barrels of covered-g ground storage. at IT cents per barrel. includ- ing land, s1.229.440; cost of s.1so.000 barrels of steel storage. at 25 cents per barrel. including land not inc aiding railroad storage. amounting to 2,250.0OO barrels, q, 2,2s7. 800; A 1-2 miles of pipe line. constituting the gathering system of the various companies at $6.000 mile, including the expense of pump ing stations, right of way. etc, 32,667,- 900; cost of rehneries constructed to re- fine Texas crude exclusively $S.000.000 cost of 1000 tank cars employed in the Southeast Texas trade. at an average cost of s1, 200 each (the Southern Pacific Railroad has more than 1000 cars in the trade, which cost about s1,5o0 each) S2,400,0 900; cost of fifty tank steamers and barges used exclusively in the transportation of Texas crude and re- fined oils from Port Arthur and Sabine to New Orelans, Cuba, Mexico and Gulf and Atlantic coast points. $6.0o0, 900; cost of oil lands. $4.o00.ooo; cost of 650,0O0 barrels of wooden settling tanks at 40 cents per barrel, $260.200; a total of s36.307,230
 "An estimated production of oil in Southeast Texas from January. 1901, to August Is. 1904. is 51.s5o.0o0 barrels. This is divided as follows: Spindel- top, 23,o0o. 900 barrels; Sour Lake, Ill., 50e. 900 barrels; Batson. 100000 bar rels; Saratoga. 350.000 barrels; a total of 51,S5o.ooo barrels.
 shipments of crude and refined oil for the first six months of 1904 amount ed to 91,154,00O barrels.
 In the three years and seven months s3s 307,230 have been invested in the field and considerably more than $4,- 0o0 900 has been paid out in wages.
 The summary of conditions in the IOur neIuS bdISOI, SOuT lAdht, SIinuiC- top and Saratoga shows 1927 wells completed, sos abandoned or dry. S19 classed as producers and sixty-eight drilling, with rigs up for twenty-eight new ones. The average daily output in August was 3s.000 barrels and the output of the field up to August 18th was 51,S50,o00 barrels. The storage capacity includes 10.190. 900 steel tanks a total of 26,615. 900 barrels. The ca pacity of wooden settling tanks is 615,5o0 barrels. The oil in storage on August 18th was 10.477.000 barrels. In the storage capacity is included that of Beaumont, Port Arthur and Sabine and the refineries The oil in storage does not include 2,250,o00 barrels of railroad storage or 1.so0.0o0 at the Southern Pacific. Santa Fe and Kan sas City Southern reserve stations.
 "The mileage of pipe lines owned by different companies in these fields is from Batson to Saratoga twenty eight miles, from Batson toSour Lake. thirty- four, from Batson to Devers eighteen. from Saratoga to Sour Lake forty-f1ve, four Sour Lake to Gladys 123. from Gladys to Port Arthur. fifty-five. from Gladys to Sabine eighty-one. tank. dock and pump station connections 60 1-2, total of 444 1-2 miles.
 "The daily capacity of refineries in southeast Texas is 14.500 barrels.
 Tt was thought when Spindletop oil first came in to the notice of Northern operators that it was strictly a fuel proposition. This idea has been dis pelled through thesinvestment of $S,- 000, 900 in refineries located near Beau mont for the purpose of manufacturing the various products of petroleum from the southeast Texas crude. Today the kerosene and gasoline manufactured from southeast Texas petroleum are being sold all over the South, the peo- pie of Texas are using southeast Texas refined oils and the same products are going in mammoth cargoes to the mar kets of Europe and the Far East"