Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-11-13

train of machinery and supply
houses. All Of the big supply houses
! In the country have their southwest
ern headquarters at Tulsa and several
Of them have big shops employing
numbers OF men. There Is located
here, as the direct result of the oil
and gas development. one Of the big.
gest machinery plants In the west.
Supplies arc shipped from Tulsa all
over the field and the sales amount
to millions of dollars every year,
BY reason Of its superior transpor.
tation facilities Tulsa has attracted
oil men from all over the state. The
general offices of the Gulf Pipe line
company and the Texas company are
both located here and the Prairie
OIL " Cas- company maintains
large force. The general Offices OF
the producing companies are in Tul.
sa and the business is transacted
here, 1t is the only city in the oil
/ territory whore any part of the field
can be reached In few hours. where
| the opeator can leave in the morning
and return home at night. All of the
/ railroads run special trains to pro-
| duclnE districts and this makes 1t
/ easy. Thus It is that dozens Of oper.
ators have bought homes here and
are among the most progressive citi-
scns Of the community. They are ia
/ terostcd in banks and factories ana
/ nj pN aftr L.. IN
mont which tends for the upbuilding
1 of the city.
The question Of the permaucncc OF
/ the supply. Of the maintenance ~
. production naturally enters into any
/ speculation as to- the future. Tha
other Texas and Louisiana pools save
people scare from which they have
scarcely recovered Yet II IS a fact
that the first well drilled in what Is
known as the Mid-Continent field. at
/ Ncodasha, Kas. moro than twenty
two years ago is still producing oil
and is q profitable well. The firs;
wells drilled in the Usage sixteen
years ago are stlll producing oil m
profitable quantities and even though
the price has been at times close 10
the most economical margin Of opcr.
alton these properties have paid Tor
themselves many times over. N1tur-
ally there Is a decline in volume ot
production and there will be further
diminutlon OF supply because an oil
well is Just like bucket of water.
There IS Just so much oil under tho
ground and every barrel taken ont
means just one barrel less. But
there are still undcvelopcd thousands
and thousands OF acres OF proven OH
territory in this state which gives
strength 10 tho conviction that th3
average production Of the state as a
whole will be maintained for a long
time to come The constantly lncroas-
ing demand. however. with even the
chances for stationary production for
some times Is a sure ugury for higher
prices. AZ tho beginning of the pres
cnt year tho big and little transporta-
tion companies had mere than
$4,000. 900 barrels In storage. This
has been reduced several million
and the prospects that It will be still
further reduced is more than allur-
ing. This drawing on stocks has
been responsible for three adeances
in price during tho past seven !
months and the situation now has a !
strong bullish tendency. Some Of tho |
smaller refineries are today paying !
as cents and so cents for oil which Is
five and ten cents above the market |
quoted by thu three ble nina lima