The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1904-10-12

supply over the great southweste
deserts. and depend on New Mexlt
for their oil as well as much of the
coal
The owners of the vast miner.
belt declare that a ready, railroa
market. and the character of the O
for fuel, give them immunity frol
the Standard Oil squeeze. They d
not intend to be forced out nor
sell to that concern.
Thomas e. Teegarden. d. L. Ca:
selmann and d. A. Casselmann arr
the Los Angeles men who, underta
king the big project, have enliste,
the support of New York, Chicag'
and Milwaukee capitalists. Amon,
them are Moore & Schley. New YorI
bankers; A. V. Booth & Co. Milwau
kee bankers; and George w. Pect
of Chicago and Pasadena, a retire,
capitalist. with following in the mic
die west.
Teegarden returned yesterday from
San Francisco. where. in consultation
with Peck, plans were outlined and
capital guaranteed for an aggressive
development of the New Mexico
fields, aleady SO well opened that
Los Angeles experts pronounce theue'
beyond the speculative stage.
There are several rigs at work in
the field. More have been ordered
here and will be shipped at once. l..
q. Sarnow, who has drilled as many
wells in California as any other man.
will have charge of the drilling.
The opening of these fields will fol-
low year of sluggish development
or assessment work to allow Juiet
extension of territory until at last
these men hold possessory mineral
title to most of the lands that appear
to be embraced in the oil zone. rhe
fields are located at Mcmillan sta
ton, in Eddy county, near Carlsbad.
mo, the district has no resemblance
10 the regions in Arizona where 'siI
has been supposed to exist" explain
ed B. w. Warrington. one of the man.
ayers and a well known California
expert, who has just returned from
New Mexico. 'I"l tell you why. IN
Arizona the country has been twis-
ted and broken up by volcanic action
so that the gases forming the oils
escape into the air You know the
three essentials to the formation OF
oil are gas, sulphur and water. We
have all of these in New Mexico.
There the Alamogordo mines are
in a great coal formation to the
north. ZOO feet higher than the Ill
lands. They lie, as the oil lands do.
in an undisturbed and almost hori-
zontaI formation
The formation under the coal
beds is almost horizontal. owing TO
the anticlinals, sixteen miles apart.
making the dip about ten degrees.
The country is not broken or twisted.
1t has the topography of the Pennsyl-
vania districts. and of some Of the
California fields
THE oil belt lies to the west Of
the Santa Fe on Gyp creek. The Selt
is from six to ten miles in width. That
is determined from the outcroppings
and oil showing in water wells. The
formation along the strike is lime
stone, lime shale, gypsum and oil
sandstone.
The cappings OF limestone and
shale. and the close grained rocks
beneath are impenetrable TO the es-
cape of gases. except to a limite1
extent between the assures and crev-
ices, and the oil and gas are safely
sealed
I'VE expect no gushers.. Bet we
have oil and we expect lots of it. We
should prefer not to strike. gushers."
The Pecosi Valley Oil is remarka-
BILE for its grade declares Teegar-
den. prof: Julius Koebig of Los An