Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-06-28
PRODUCERS EFFECT
DRILLING COMPROMISE
AGREE ON ORDER FOR THE
STATE CORPORATION
COMMISSION
Will reduce PRODUCTION
But at the Same Time, 1t Will
Not Mean a Break in
the Price


Dr.I ,tI,,,, ,,,,r,, o.,
'""o -"
dependent OH producers ol the MID
Continent fields of Oklahoma reached
nm ,,rac,,ont ,t , ,,,.ti,, ,,r, p,is
aftrrnoon whirh vas l.trr nnnr,,lnJ
by tba rnrnoration ruur,issiuu NV
wbirb drilling ornr,ti,ns ar. to n,,
discontinued vyiD' rcrt,in cycontlons
fol. a nnr,nd nC ip0 d,ys ,rhc cornnra .
linn .r,,n,,.,in,, ,,l,,rdir,, g., Cn,,r,,.
Unn.b,v- u,no presided a. mo bonr-
ing uul ,r.nr,,,,N,i., tbo ,,,ro.,,,"nt
MA IN nrdnr frnr mai l,ndy e',rl,,
rryt S,n,E IN. .,srecn,srt is intondnd
+, ,.r,,L b,. ,,r-,ir,ti,,, ,,f Dl,i,h,,,o
c,.rdn. Win, ina l,,.,, nf nro,,,ntiu, mn
th,r .ilts in tho nrfco inInyy II rcnfa
barrel. the figure which oil is now
bringing in all the fields except the
HoalGton, wnerc II Is selling Tor 80
cents a barrel The agreement does
not apply TO the flealdton t'ld, nor To
the Foster leases In Usage county
when expire March lb, 1915.
WA, "A Compromisc
U,ho ,rd.,. az tho .or,r,issi,, will
folInv, thc tcrr,s ~ tho agroc,nnut
r,,,.T ,,',s ro,rbod oft.r ronontro
,,n',i,es ,,,d c,.,, foror.Is ~ no md
narlnni oii nr,,l,lcar. hnId Ar Hartlos-
IN. T,ls. 'lL.,,,,I,,o. ,,d fir,ll,. 10
dn,, in tlis cir. no a,rrrn,ncnt was
NJ rostI, nr a cnnuroTuisa bnt,yncn
thCsa v,bo. n,,,os,d any roetricttons an
,i,e,,,'ti',, ,,yy ~, fo,a,.od
~ tuu uIe,"" "''I a,, t&,n,t & 20, - no
dmiiiiiI, n,, M ,,.,,, v'oiIs ~, ,,ree-
,,,,, 7.r,,,.i,las tbat tho ordnr nf IN.
,,,,,, p'J, ,"'' ',,,isst,n ne Nia,, &
az ttt .t,,i, r,,, 1a,., 40
t,cn Uronosoa rodnctior In nrjce
Ivy ~ ptopuocu 80 n,,,,, ~ -, frct
anu IN, W. i7ti,'I " ~ rrasa,t
~ 20 ''oui' 5 ~. S1,,o,,s Ill
as, IN M ,i,,, ,'iu ~, ~ 'o,,nt urlca as
~ -, ~. H. ,'i,,, IT,. ~. G,rrnrafion
49, , 49, t9s, Wv Nj tn,,,,a 90 ~ as,rec-
-, ''r'.
The Resolution
eve the undersigned members o.;
the committee duly appointed at the
meeting of the independent oil pro
ducers. held at Tulsa, okla, June 2j,
1914 and producers present at this
meeting. do hereby suggest to your
honorable body, and request that you
make an order Of this date, containing
substantially the provisions herein
set forth, which have been agreed To
Nv the members of this committee for
the oil producers and representatives
also present at this mectng,as follows.
THAT the provisions and terms OF
the order of agreement. entered ana
made by Your honorable commission
on Nav g. 1914. with reference to the
market price Of crude oil and other
terms. be continued i'm force, except as
modified herein and no producer
shall sell oil below the market price
as fixed bv pipc lines or the Corpora
tion commission.
2-That no well he commenced
from and after this date. which is not
an offset 10 either a drilling wen or
rir constructed or under construction.
for which "A drilling contract has al
road, been LET. except as hereinafter
set forth. for term of l20 days from
,bis d1tr,
2-That no other wells be COM
mcnc,d from and after this date cx-
ra,,t ,s rooiirrd by the terms OF the
lease contract already entered into,
orceut NJ authorized bv the Corpora
tinn commission. and no we'll shall be
drilled NJ corner locations. except
upon application to the Corporation