The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1909-06-09
$4,000
That is The Size of The Company
Just Organized in This Town.
They Are Going After Gas And
Oil in Large Quantities.
LOOKS GOOD FOR CLOVERPORT.

The Kentucky-Indiana Natural Gas
& Oil Company, of Cloverport, has just
been Incorporated under the laws of
Kentucky with a capital of S25, 600.
This is the company which has recently
purchased the local gas plant and which
is now engaged in re-equipping the
plant. They have over 10000 acres of
land under lease for oil and gas, lying
in and around Cloverport and it is their
intention to drill several wells this sum-
mer both for gas and oil.
Mr.. Otto G. Tague, President of the
Company, in talking with represen-
tative of the News yesterday said that
the Company has ordered new casing
for the we'll at the mill which now has a
pressure of over 70 pounds and as soon
as his ehsins afrized ard ives plaesain
position they would be in position to
serve gas to practically the entire city,
at least that portion of which is now
piped, and that they expected to lay
pipe lines to the hill and other portions
of the city this summer and drill new
wells so that by next winter Cloverport
will undoubtedly be enjoying the old
time luxury of natural gas.
Mr. Tague further stated that the
main object CT the company is to develop
enough gas to enable them to pipe It to
Greensboro and way points, including
Hawesville, Cannelton, Tell City,
Lewisport and Rockport; that the only
question that was yet to be solved is
whether the supply of gas is sufficient
10 warrant this investment, but that he
thought that there is yet to be found
the main deposit of gas and that before
the summers far advanced his company
will have developed one of the greatest
gas fields in the entire country. In proof
of this he called attention to the long
life of the wells which have been drilled
and taken care of and stated that he
thought the large bod of undrilled ter
ritory which his company has under
lease will provide gas in enormous
quantities.
The new company will also make
some deep drillings in order that the
lower strata may be tested for oil. Boil
Mr.. Tague and his father, Mr.. James
Tague, who is associated with him, are
oil men of many years experience anC
they both stated with great earnestnes
that they believe an oil field is newt
able. Mr.. Tague called attention t
the fact that the latest oil field to b'
developed in this vicinity is Oakland
City, Ind, and that this pool and tina
at Princeton, Ind, are the only impor
tant extensions of the great Illinois OF
fields ever discovered and that Clover
port is only AZ miles from the Oakland
City pool and in direct line with it.
1t goes without saying that we wisl
for the new Company all the good lucl
and success possible for we know tina
something of this kind would be tn
greatest thing that could happen t
Cloverport and that the discovery of OF
would make our city the most importan
city in this section of the country. Oh
the other hand the development o
what we know is here-the gas field
will do great deal to nelp boost tn
town for a plentiful supply of natura
gas we should be in position to ge
some new manufacturing industries ant
to make our city more attractive for al
concerned.
/ Why don't you delight the house
wife by furnishing her pure an
wholesome -four? Your grocer keep
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