Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-06-16
Decrease Light Oil Stock During
Twelve Months 100000 bblS.

per cent said 10 be the quantity OF
fuel oil contained per barrel, wo haNo
a total Of 87,O29,6S0 barrels remhin
ing clnssed as roflnablc oil. This In ap-
proximntely the total quantity held
by the pipe lines In the seven original
producing states oaAt Of Illinois In
1891, In which year the stocks
reached the highest point In the ms
tory OF these fcldH
Mnny Advances IN Price.
ON july q, 1903, oklahoma crude
was quoted by the Prairie at 80 cents
per barrel at the well, the lowest
point ever reached for this grade of
oil. since that date fifteen advances
In the price paid per barrel have o'-
CURED Tho hoodoo number thirteen
marked 2-cont advances cneh, ana
two raises of cents each. The Prtl'
rlr evidently does not believe mat
there ls luck in odd numbers, Tor ON
February 9TH of the current year the
market price was advanced 3 cents
per barrel, bringing the price up io
go cents Four advances has since
occurred OF cents each.
Az AN indication of the value of the
LES por cent fuel oil or refinery resi-
dunn of oklahoma crude, take the fol
lowing statement and ponder 4 deep
ms. "Thc American manufacturers Of
/ thc Diesel crude oil engine of the
! fuur.cyrlc typo guarantee under
definite penalty, that the consump-
T uou of crude or residual (any hydro
carbon nuid that win flow through "A
|pipcD prtrolcum win not exceed hNe-
| tcuths Of pint per brake horsepower
pcr hour this type of engine mas Il
record Of successful operation on
much less consumption.
ON the low price paid per harr'l
/ for Oklahoma crude, the Prairie ON
and Gas company Is enabled to dls-
tribute to It's fortunate stockholderS
the sum Of 26 per cent annually. inc
/ Oklahoma oil producer is lost IN
maze of figures in an effort To Keep
the profit and loss on the right slde
of the ledger. There lS no Use dls-
puislng the fact that the producer
/ does not realize any more from the
snIe of his oil with declining produc
tion. than he did during the period
of flush production when the market
price was at its lowest ehh
Many New wells.
Thorc was a total of 2,l6N WeIls
completed I'm Kansas and Oklahoma
during the first five months OF th'
current year. Allowing five acres 10
the well there was forever removed
as possible menace TO the trade
.61.l quarter sections of land Dur
ing the month OF May the compile
uons were the largest on record Tor a
single month This is an object lesson
mat can he viewed only with grave
concern. as 1t represents "A trlghluI
sacrifice OF valuable oil territory Tor
low priced oil thnt can only result IN
/ the early exhaustion of oklahoma =
.ou fields, practically onrichng no one
'but the marketing concerns
The highest point reached In the
stocks Of Illinois crude was I'm July
1910 totaling 3$,l59,0N bhls. since
that date there has been depletion
I'm tho stocks of l4,Sl0,6ON holS"
bringing the total stocks Of Illinois on
down to lS,6lS,473 hbls, at the close
Of May, 1912.
The following table shows the con,
dltion OF the stocks OF surplus oil hrld
hv tho various pipe lines In the an
rorcnt light oil producing divisions at
the close OF May 1912, Increases
and decreases shown, compiled from
the OH city DerricEs monthly p'p'
limo report: