Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-05-03
OIL IS BOOSTED
Z Gents BARREL
PRAIRIE CHALI(S uP PRICE AND
THE OTHERS FOLLOW.
HIGHEST IN FIVE YEARS
In August, 1905, Crude Was Going at
IB Ccnts--SOmc Of tho
Fluctuations.


Fluctuations.
Yesterday morning the Prairie OH
K Gas Company chulked up on It's
bulletin board the highest price it
has paid for crude oil in Tulsa In al
most i've years, or since the middle
OF August, 1906. The price posted
yesterday was i6 cents II barrel, an
advance of two cents over a similar
advance mahe on last January 2,
which then placed a valuation on the
producers efforts of A cents "a bar
rel.
The advance marked by the Prairie
company was Immediately met 10y the
Texas company, and 1t Is assured that
the GUT company will come in on
the advance today.
To the uninitlated IN oil matters
the mere advance Of two cents a bar
rel for oil seems small thing, and
II is when figured from the basis of
a single barrel But when the entire
production of the Mid-Continent tield|
is taken into consideration, oomput-
ing on the present average daily pro-
ductiou. 1t means that the oil pro-
ducers will pocket about S2,SOO u
day more; or nearly $4,000 a month
more; or figured out by the year,
the mere trine Of million dollars.
The Prairie OH & Gas Company's
pipe line report, as given by the OIL
City Derrick, shows daily average
runs for January, 1911, Of S4,721 bar
rels; for February, 3d. 59S barrels, and
for March, 9S.S4S, All Mid-Contlnent
runs, estimating companies not report
ing shows daily average runs for jan
uary, 1911. Of 1SS,431 barrels; for
February 145,812 barrels, and for
March 1880 barrels The Prairie
Oinl & Gas Companys net runs from
April 1. to April 81 both dates inclu-
sivo, amounted to l,S53,372 barrels,
giving a daily average Of SS,256 bar
reis
It would be a safe estimate 10 de-
duct 5000 barrels from the March
figures to arrive at the probable daily
average production during April, of
all pipe lines doing business and
place quotations on crude. This
would give daily average produc-
tlon for all Mld-Contintut crude Of
1850 barrels during the month Of
April II Is not two cents more on
just one barrel Of OIL but 1t is two
cents more on the price Of nearly
10000 barrels.
The price of oil in the Mid-Contn-
ent field has been one Of varied nuc-
tuations during the opening of the
Southwestern oil fields. on August 2,
1906, a price Of As cents barrel ruled
the day. A week later three cents a
barrel had been taken off, and six
days thereafter the price of crude
dropped 10 ~ cents. on February II,
1907, the price was 40 cents, going to
al cents on March Q, 1907 The rest
OF the year was uneventful and was
followed by oil prices at any old ng
ures during the year Of 1908, provided
the flgutes are low enough. The
year Of 1908 was somewhat Of a fam
Inc year when 1t comes to good pri-
ces for OIL
In the middle Of the summer in
1909 oil was selling at 30 cents a
barrel on July 81. A month before
that time It was three cents higher.
The next change In price came a
year ago last March II when oil was
marked up TO SS cents barrel
There II remained until on Septem-
Der 2, when II was bought at 40 cents
barrel, and eighteen days later that
was the prlco on all grades OF Mid
Continent oil On November Il, 1910,
all grades OF Mld-ContInent went up
two cents TO ~ cents barrel on
January 2, 1911, the price went 10
A. cents, and on May 2, yesterday,
10 40 cents.
oil prices I'm the Mld-Continent
field, have been thing Of gyratory
habits IN the / years that there has
been a price posed. In April, 1900,
II was worth Sl.09 barrel A dozen
and half declines put II down TO 80
cents two days before the close OF the
year January 1901. saw oil solling
mp to 02 cents september OF that
year saw II worth %. but dozen
fluctuations took It TO s5 cents at the
close OF the year. From April IN
1902, when 1t was worth SS cents, It
continued bounding until az tho close
Of the year It was selling at 3115 a
barrel reaching that figure through
q succession Of dozen leaps.
The year OF 1903 saw tho high water
mark IN oil prices In tho Mld-Contln-
ont field. when on December 0 a price
OF S13s was paid per barrel The
fluctuations came often during both
1903 and 1904. The year 1904 start
ed out with oil selling at si.9l a bar
rel the middle Of February, dropping
to so cents by tho end OF the year.
on January 8, 1908. oil was selling at
II cents a barrel. few days later
II was worth 70 cents BY the end OF
the month Il was selling at 70 cents
and continual drops took II to 81
cents by the last Of september. July
OF 1906 saw II selling at an even half
dollar a barrel In August II was 20.
ing at 4s cents and tho present price
Of 10 cents IL the highest price that
has been paid for Mld-Contlnent oil
since II dropped from as cents to AZ