The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1904-02-20

Is &c line, about twenty FIVE miles by
lxty IN extent covering more than
nree.auarters of a million acres. In
uediately At Barrlesvi.le, the Cudahy
Ol company has drilled something
lver " hundred acres. It's daily out
Ut is very largely in excess OF $1,000
The Almeda, the Asphalt, and Il
number OF other companies operating
10 the Usage Nation almost touching
the line of the Cherokee Nation have
property worth hundreds Of thousands
Of dollars, and all put in operation
since last spring.
The opportunity for good business
men with capital is magnificent, but a.
Def re stated it is no place for the man
without capital or for the man who de-
sires to secure leases o sell again 10
other words this is an operators field.
The honest, conservative business man
with a little patience and sufficient cap.
ital to operate in any other field, Gao
secure all the land be wants to drill,
in the Cherokee Nation. True he may
not be able to secure a lease up against
developed territory, but when we have
a strip Of land 25x60 miles In extent
with developments on each edge Of II
and also at each end Of it, we may feel
reasonably sure that one place in that
territory is as good as another. There
fore We do not believe that a man or
company Of men should be restricted
to the land adjacent to development.
In addition to the oil and gas, the
Cherokee Nation is blessed with an
equsble climate; occupying as 1t does
a midway position between the rigor'
Gus cold OF the North and the sultry
heat OF The South, aud lying fifty miles
eastward of the soul. narrowing winds
Of Oklahoma and Western Kansas,
with malarial troubles almost absent,
and every Une who has been in a new
country known that "fever N ager" is
one Of the common maladies; 1t is an
ideal place of residence.
The soil is good, as compared with
the soil of Maryland and Virginia, but
Is poor, as compared with the soil of
Northern and central Missouri. The
surface is all right and usually looks
good, but is underlaid with hardpan,
impervious to water, consequently dur
ing dry weather there is no such thing
as the rising of moisture by capillary
attraction and a heavy dew in the state
Of Kansas raises the Caney river
twenty feet, because the moisture must
necessarily 60 into that river or
evaporate'
In conclusion we, who are on the
ground, who know the condition exist.
ing, who are acquainted with the oil
operators here and with the owners Of
the land who are familiar with the
law, offer this advice. If you are spec
ulativly inclined and have q few hun
bred dollars which you can spare and
which yon can loose without seriously
feeling the loss, associate yourselves
with some half dozen persons Of the
same kind and go after a lease.
The chances Of striking oil any
where in the territory above mentioned
are about even; ANY one can Judge Of
the returns by looking at the following
figures:
This sand, where oil is found, will
support a we'll to each five acres.
(The wells in the Cherokee so far,
average more than 30 barrels each pei
day; worth more than $l.2O pei
barely
Fifteen barrel wells are considered
good wells and twenty, 10 barrel well'
on q hundred acre tract will produce
800 barrels worth $3.50, and an oil
we'll is worth on the open marke'
81, 900 for each barrel of oil produceC
per day.
Therefore such a lease as above
mentioned, when fully developed Il
worth $500, 900, and will cost by tbl
time it is placed in full operation sl5,
900 10 $40, 900. OF course it is easy Il
get money for oil operations after tn
first we'll is drilled and oil is found,
Dent 60 into the oil business unles
you want to stay with it, for no mar
ever quits it after he has gone into II
IL is worse than the base ball habit
Its devotees talk nothing but oil, oil
oil, OF the sand, of the Mlssissippia
lime, Trenton lime, shale, cables, san
linaa hnll wheels. RIGS and oil. oil. oil