The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-03-15

4 be made This in brief Is the result
of the hearing. No evidence was Ia
ken. Counsel for the pipe line com
panies made statements and replies
were made by several of the produc-
ers among the leaders of whom were
$ Charley j. Wrightsman and Writ
Franklin, both of whom are attorneys
u and both of whom have large holdings
in the Ardmore fields.
= Commissioner Henshaw made the
statement that this was only a part
of a plan which he had adopted to
obtain minute and definite informa-
tion concerning the cost of the pro-
duction of oil, the cost OF transport
ing it, the cost of refining, the price
received for the refined products, etc.
Pennsylvania oil sells for $3.50 a bar
rel, and Oklahoma oil for less than
half of that amount. The Pennsylva-
MIA refiners get less for their products
than Oklahoma refiners and these
facts make it incumbent upon the
commission to inquire into the matter
in the interest of the state and in
the interest of the oil producers and
the owners of royalties
Judge George c. Greer, general coun-
sci for the Magnolia Petroleum Co., |
and Of the Magnolia Pipe Line Com
pany, was present from Beaumont. He |
made a statement concerning the |
Healdton oil and of the efforts of his |
company to get to the Healdton field. |
He said his company wanted 10000 |
more barrels daily of a light oil, that |
their Mr.. Stewart came early to the !
IIealdton field, that he was pleased |
with the grade of the oil as it appeared |
to him, that company was organized
in December and by the 10th Of March |
pipe line had been built into the
field. He regarded that as a remark
able record for any company to make,
he admitted that the pipe line would
soon be unable to take the production }
of the field, but said the development
had been phenomenal and had sur
passed the expectations of the produc-
ers as well as of his company. Tests
were made of the oil, the grade was
disappointing The gravity was 20,
it distilled > per cent gasoline and 90 /
,ipo tipo oil
with other fields, Electra oil distills
25 per cent gasoline and 80 per cent
illuminating OIL Caddo field distills
18 per cent gasoline and AZ per cent
illuminating oil. He said that the
lighter oil in the field had not been
refined, that it should be tested be-
fore hearing was had. The attorney
stated that the oil tested was delay
ed for a month in transit and might
not be a fair test, that his company Il
would be glad to pay sl05 for all the
oil as the lighter oils were in de-
mand
Producers asked several questions
of the attorney. The different grades
of the Caddo oil were gone into and
the fact developed that the heavy oil
there brings 75c a barrel, the heavy
Mexico oil which has a gravity as
low as Is per cent brought 60 to 80
cents delivered in boats at Sabine
Pass. This oil is said to be too hea
Wy for transportation in pipe lines.
ther and better tests We're made that
it was possible that a better price
would be paid, that nothing could be
gained from quarrel over mistaken
facts. He said the field would be Ia
ken care of up to ten thousand barrels
a day. that each producer would have
A right to have a fair pro rata of his
oil taken, that no favorites would be
played, and that his company would
ry to care for the field,
Commissioner Henshaw made in
luiry about the by-products. The at
orney stated that the Healdton oil
lid not promise valuable by-products,
hat the residue was a fuel oil. When
sked what his company received for
he residue Oil he stated that they :,
lad contracts to sell some of it at -
rom SOC TO 9lc. IL
Mr.. Wrightsman speaking for the -
PRODUCERS said they had gone there 81
m the assurance of the pipe line peO- u
,le that oil graded from 81 to SO, that ~
hundreds of thousands of dollars had VI
,een invested, derricks were strung
II every direction, the field had the y"
appearance of being a phenomenal :
me and that opinion was held by Dave 4
Stewart, who had gone now to China. 1
Ie thought the COmpanV should be 4