The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-05
COPY OF ORDER
Made by Corporation Commission on
October I, 1914.

Made by Corporation Commission on
October I, 1914.
"On the 3Oth day cf September,
1914, the Magnolia e Line com
pany notified the attorney general
and the corporation conaission that
it would reduce the price of oil in
the Healdton field on October 6, to
forty cents per barrel. 1t is hereby
ordered that no producer in the
Healdton field shall take any oil from
the oil sands Of that field for sale
at a price less than fifty cents per
barrel until such time as the condi-
tions can be fully investigated by
the commission, and no common pur-
chaser or other person shall pur-
chase oil hereafter taken from the
oil sands of the Healdton field. at
less than fifty cents per barrel I'M
til such time as the commission
, can hear and determine the necessi-
ties for the less price. All parties
/ having storage oil are hereby nou-
/ fled that if the same is sold at less
! than fifty cents per barrel without
the permission of the commission,
after an investigation of the quality
of the oil, same will be pro-rated
against their runs through the pipe
| line"
The attention of George c. Greer.
attorney for Magnolia Pipe Line COM
pany was called to an order made
yesterday by the corporation commits
sion of Oklahoma, fixing the price
of Healdton crude at soc. per bar
rel, prohibiting its production and |
purchase at less price, and placing
burdens upon the sales of stock oil |
at a less price
Mr. Greer stated with reference to !
the order 81 regret that it has |
been made. Il IS a mistake, and be-
lieve upon reflection and investiga-
ton, neither the producers nor the
commission will insist on its stand
ing. 1t will, it is true, operate harsh
ly and uniustly against the pipe line
company, but in my Judgment. if
allowed to stand, it will be much
more serious in its consequences up
on the producers themselves.
AS the Magnolia Pipe Line com
paLy and many producers We're not
present when the order was made
Git being a tentative order made
without formal hearing, looking to-
wards future hearing), it is natural
that the producers, generally, should
wish to know the present intentions
and attitude of the company. 1t is
for this reason | make the statement.
Notice of the reduction of the
price of the Healdton crude from soc
to 4Oc per barrel, effective October
g. was given Wednesday of this
week, because the present market
prices of oil products and competitive
confronting the company
made the reduction absolutely nee
essary to put it in a position to meet
and avoid handling the
Healdton crude practically without
profit
ut is hardly necessary for me to u
point out a fact well known to the L
public. that there is now a vast over c
production of oil, both in the Heald- y
on and Cushing fields. The markets C
nave, at prices heretofore prevail e
ng, only absorbed a small portion of Il
his production, and the pipe lines fC
md other buyers have been unable .
o take but a very small percentage N
hereof This great oyer-productlCn, g
nd the vast stocks accumulated are b.
constant menace to the market. il
In recognition o7 these conditions, d
nd yielding to the incVorlLIe law Il
f supply and demand. the pipe lines ii
ouching the Gushing and other fields
n northern Oklaohma, have reduced a,
he price of the crudes there pro- II
uced from 75c to SOC per barrel n,
nd for the present, the corporation er
ommission has recognized that such pa
rice is necessary. pl
The Cushing crude is Obtained in c,