The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-05-10
RAPID DEVELOPMENT
JEFFERSON COUNTY


oil and gas by the United States geo
logical survey and the subsequent in
yestigatiOns by the state of Oklahoma
more time and attention has been
paid to Marshall, Carter, Stephens and
Jefferson counties than perhaps any
other section of the country. Although
it is not disputed that the main pool
of oil has been finally located at
Healdton, this pool is now rapidly eX-
/ tending west by south, into Jefferson,
and whether or not the experts are
wrong, it is a well settled fact that
the trend is fast gaining significance
toward the southern part of Jefferson
county and the Valley Of the Red
river From the scare that was gwen
the "timid ones some days ago in
the reduction OF Healdton crude the
cloud of despair hovered about us and
apparently the wildcatter was, too be-
ginning to feel the surface effect. The
wise boys still remdined optimistic
and very little, if any, development has
been hampered. The rig builders are
still busy and working overtime, the
supply houses have orders for weeks
ahead, and railroad traffic loaded to
capacity.
Jefferson county, which heretofore
has attracted the attention of the
experienced oil men, (since the dis
coyery of the new Healdton pool in
| Carter) has done little to maintain the
theory that the oil trend actually eX-
listed. The bringing in of the Bess
Tucker, the promising shoWings made
in other wells south of Cornish, has
led us to remember that at the pres
ent time the crude production is short
% per cent as compared with con-
sumption, that some of the biggest
fortunes in the Mid.Continent were
founded on oil when it sold for less
than 80 cents a barrel; that the big
gest estate in Muskogee, over $4,000
600 was made in oil at less than 40
cents per barrel; that one of the rich
est men in Tulsa got his start by
selling a 160-acre lease ahead of pro-
duction for $160000,00 when oil was
80 cents a barrel. He also remember
cd that only two years ago oil was
selling at ~ cents a barrel and glad
to get it, and the price OF one dollar
has been only since the first of Jan
uary of this year There is no ques-
tion but what Mid-Continent will at an
early date bring around $500 per bar
rel, so be wise, and if you have an
opportunity to pick up a bargain while
the "fawn' is deliberately shying at
his own scare-crow, do it, with a GER
tainty of big profits The oil business
is still the one channel left for quick
and legitimate returns, and the shrewd
ones will not be frightened out of the
came by few reyerses.
For the fresh starr maze IN the
opening of future drilling in Jefferson
county, credit must be given to the
men behind the Terral Oil & Gas COM
pany of ArdmOre. The price began
TO decline more than a month ago, and
while this company was under con-
tract to drill or lose a heavy forfeit,
they continued to lease, and still are
leasing, until today they are the own
ers of more than six thousand acres
Of the best possible and most likely
oil and gas territory in the Red river
valley. This section o. Jefferson was
selected for the reason that it lies
to the south and east of what the
government experts call the Deyol An
ticline. Thorough tests have been
made on the westerly crest of the
mountains in Tiilman, Comanche and
Cotton counties with very discourag-
ing results, and these tests We're made
against the adverse opinion Of other
experts whose opinions varied, it is
noted from an examination of the
maps and reports that Electra, Burk-
burnett, Petrolia, Healdton, the gas
in southern Marshall county, the re-
cent well at Dexter, Cook county,
Texas, said to be doing 40 barrels per
day, and other minor discoveries
along the Red river, all are found on
south and east of this marked uplift
1t is estimated that there are now
25 wells drilling in Jefferson county,
several rigs erected or in course Of
construction, and, as a result of the
TaDid strides made in thp MAST few