The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-08-04
OIL |LPROPERTIES
VERY QUIET
OVER STATE
DE 70 EEsTS C-Ec pEcclc
-iCt-LC. PRICES 40 C-NEH
CONDITIONS ASSURANCE IS
--ET - s FOR --E sEsT.

C1z1ozz CRY A8e VERY little
-rzc-cE il beng dane -ya z Okla
bona Oil properties. T1-- i 61s 70
restricted rryc-c-.o- low pr.o@=. aid
generally unsatisfactory conditions Il
-s= fields There d. G 1c-= o. z.s---
zzc= .- t1- situation. 11veye-. and
-.z, j. tlz, --e petroleum j. being
conserved u place and ,re resources
r.. ,-e --a-= z-= 70, being sacrificed
VI wasted a. promised 70 b. tls case
r1@- oil al. t1e -oJJszz- few
month. 40 and tn outlook was for
aazf-y increased production Il e1ces.
O., the pipe line capacity - ,ais
t.4e ta@-s is nor much oil gong into
-lrtlen storage IN Oklahoma and
some Of the oil IN thss sort Of storage
s being cared for. The currsl. .meIt
Of production IL both t,e big fields
~ Cushing and HesldtOl-has been
70 snoE IT, effects in bringing the
production down within ha.l.ng dis
rsaca Of the pip line capacity, and
the rest is being cared for in steel
forage With the present rules and
supervision .n effect for another th.r-
~ day. the head VII. be blown Of
the Cushing pool. and there will BE-
established ratio that will BE- r7a-
souable between the local supply and
the local demand for oil in the Okla.
h9ms fields
Many Wells Going Down.
There are many wells down to thaI
sand and many others are going to
the sand in the Oklahoma fields, and
the production will not be allowed to
fall on as much a. might be well for
the trade. however Under the agree
ment 10 curtal there was no inhibi-
tion agains, drilling TO the sand The
rule was not 10 drill the wells in.
Many big producers have gone right
ahead with operations in order to keep
their forces employed and 10 be in
position 70 meet any demand. by get
ting the wells down 10 the oil sand !
The potentialities Of the Cushing field |
because Of this condition are becom- |
ing great for immediate production if |
should Justify a heavy /
production.
Speculation al Standstil.
The price Of oil and the agitation .
that is going on in this state have
got the Spectators to a point where
here is no chance to finance any
New York is not letting
oose any money for oil exploitation
1t this time. Production does not
change hands readily on low mar
ret When Oklahoma oil was 81 there
we're many deals every day. There
S no means whereby bottom can be
igured in oil prices. The market is
he big factor in deadeninz the oil
,usiness at this time, in 50 far as
peculation in properties goes.
In the Healdton field the pro rating
4 funds has assumed something of
he defniteness that has been estab
ished at Cushing. This has been &C
by adding two deputies 10
he force that Umpire Calvert has
t work Development in the big
outhern Oklahoma oil field is being
by want Of water Wells
hat supply for few days after being
riIled generally fail in a week or
wo. The Magnolia Pipe Line com
any has had many difficulties in Sc
uring adequate water supply to main
ain activities in its field pumping
tation
Some OF the weeks development in
be Cushing field shows more definite
mes for the productive field.
New Wells Drilled.
The Charleston OIL company's test
n the school land in 36-1S-5. two
iiles east and a little north of the
own OF Cushing, is said to have
,und the sand at 3.O5i feet and is
howing for 100 barrels. II is known
8 the Shotwell well. The sand in
hat locality is very thin.
The Charleston Oil company's well