The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-07-07
CRUDE OIL BIGGER
THAN WHEAT CROP
FGUREs STOW PRODUCTION TO
EE Eho7HoU@Too H.C- OIL
~ OKLAHOMA!

x z Braao= 3 deputy O. inspector
z-rltas ,ze to-loEl-g trUz Tulsa:
-J-s- Il t1s present tine, q bt
eve @ TIE grsz-=s- v1=zt cr0g Il -
tis.o-y u OE-z5C-z safely harvested
ize-s is -zcl sFs1izps- disc1ssic-
z-c gs-s-zl e-ztic1 Il business circles
TIE cLstri5atio- q he Ehszt groE
i-g zrsz = a. Cre- the state Cn t.ls
zcco-.t il L. ezz5ly understood ~ Ct
s-y o-s bow business is Affected by Z
5z-pe- crop or : 1zL-rs, and IN hi:
& r0-zectio- II tz interesting 70 compare
. t1s wheat crop II Oklzhozz this yea
. win tae OIL productio1, g he OF pro
escl-g territory iE confined 70 TIE east
. III pz-r q the state. and 1ot al ~itt-
IN zld rsry f.v without Is co-fneE.
. realize TIE vast importance q this IL
dzsuy.
F0- the year ending June %, 1914
t1e Production Of crgd= oil wiIl have
been about g7-5z5.11V bzrrels, with al
average value per barrel for this
per5od Of about 81 or Z total
rsIue Of gs7.5z5.041. Compared with
this years big wheat crop Of 5000
90 bushels at Al average value Of y
cents per buzhel Or s45,5e0.ooo, we
have IL favor Of oil 2Z4025,09O.
The producing Of oil requires con
tinuous labor. The production Of wheat
employs labor only at seeding, har.
resting and marketing time.
am indebted 10 I'd. Boyle, chief
mine inspector Of Oklahoma, for some
statistics On the coal production IL
Oklahoma for this year, the total out
put being 4.7g7.7ss tons with an ay-
ersge value at the mines Of about ss,-
1912. Over coal the oil production
has the better Of it s5s.02O.258. and oy.
er both wheat and coal }1453025s.
Under the supervision Of the present
mine inspector, Ed Boyle, particular
attention has been given to the con
seryation Of oil and gas and there has
been yery little waste
Just at the present time there IS a
general depression in the oil fields and
the producers have reached an agree
ment 10 suspend drilling operations for
q period Of four months. Several
months ago with the coming in Of the
big Bartlesville sand wells in the Cush-
ing oil field, the Handwriting on the
wall" was evident.
At the present time this is the situa-
tion simplifed: Too much oil in Okla
homa; a perhaps excusable effort on
the part Of the owners Of big territory
10 continue operations and a hearty
kick" from the owners Of small pro-
ducing territory 10 suspend operations
and hold the price where it IS Each
side is partially justified from its par.
tcular viewpoint, but each conceding
something before the above mentioned
agreement was reached.
This will give temporary relief. but
viii not change the amount Of oil un-
der the ground. However, it will give
some relief to the present congestion.
At present outside Of the big produc-
ing territory, there is an ownership in
over 10000 oil wells from which it is
impossible to produce oil at a profit
for less than the present market price.
The cream or flush production from
over 10000 of these wells was sold at
less than 80 cents per barrel.
II equity at all enters into the ad-
iustment Of the present situation then
above all things his permanent invest
ment outside Of the big producing ter
ritory Of more than S9OOOOOOO should
have due consideration. The oil bust,
ness in Oklahoma is a big thing for
the employment Of labor, and its tax
revenue will head the list for years
to come It is Of vital importance TO
and concerns every person and voter
of this state, whether he lives within
or without the present defined oil and
gas belt makes no difference. II is the
good fortune Of this state Of which we
all should be proud.