New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1907-12-14
ANSE LA BUTTE WELLS.


Butte Oil field believe that it wi
levelop into one Of the most in
Ill centers is evidental by recer
tatements made IN New Orlear
| 9y some Of the largest holder
Il this connection, Mr.. o. w. He!
! wood said:
THE well brought in by tn
Lake Oil Company is prodUcin
$500 barrels a day The oil
of fine grade and Of about 2
| yrayity. We have land in ever
irection from the well for 2,50
feet NORTH. west and east. w
did own land on the south, and
Has drilled and shown to contain
rock salt. And so it is established
that the field runs either north o.
northwest Of the Lake Company
well: Immediately after tht
bringing in Of this we'll we Went
nto hole that we abandoned two
years ago. and at the same depth
at which the Lake Company
truck oil rock we have also struck
he cap rock and are now drilling
in the oil sand. We are drilling
iour wells on Our property lying
adjacent to the Lake Oil Com
oany's gusher.
"The ]. M. Guffey Company
S interested in some of the leases,
as we took over all the Guffey
leases two and half years ago,
and the Guffey Company would
1e interested in the royalties.
We consider these holdings valu-
lble. This field will not be
jutchered the way the fields in
Texas have been by innumerable
mall producers putting down
wells on small tracts and getting
he oil out so fast that it had to
le placed in earthen storage and
How'd to seep and evaporate and
'uin the price by an overproduc-
Iion.
Our idea in regard tc the Anse
Ia Butte field is that we would
'ather take the oil so the State
II Louisiana can use it as fuel
md have it extend over a period
II years, than to ent the field up
nto small tracts and allow the
small producers to fight one an
,ther in the lines of production
hereby putting so much oil on
he surface that the price is lower
ID to such an extent that the
'oreign consumer comes in and
,ets a arge percentage Of the oil
md takes it away from the Lou
siana consumer,
1t is well-established fact that
he fuel problem is a serious one
n Louisiana, and we feel that this
ii can be produced considerably |
heaper than coal and still leave
Is good fair price for our oil. |
90 much praise cannot be given
he Lake Oil Company or my
rother, W. Scott Haywood, Pres
lent of the Haywood Brothers
Incorporation, as they have both
- to the oil field through adj
yfse circumstances, never losing
in the belief that there
vas large oil field at Anse-la-
suite, and the bringing in Of this
ne well fully demonstrates that
heir judgment was correct. The
epth of the field, nearly 1000
eet, demonstrates that it will be
.long-lived field. We have every
eason to believe that it will be
ne equal of the Jennings field,
rhich is so far the best and larg-
st discovered in the Gulf States
has not yet been shown how
lr this field extends, but there
every indication from the way
lie well acts, that there is tre-
lendous field back of it.
In the Jennings field twenty
ellis put down on small tracts
nd over 100000 barrels of oil
as produced in year, with the
esult that the price dropped and ;
bout 70 per cent of the produc-
on was shipped abroad,
In Anse-la-Butte the land is
wned by the Guffey, Lake and
eywood companies, and they are
Il In condition to handle a prop
sition of this kind by operating !
lpe lines, tanks and vessels. We (
mt expect this field, under such
rcumstances, to knock the price
oil to any extent. F" Il
Paul lie Danois, the discover of {
| in Texas and Louisiana, who !
as the first to promote the new