Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1914-01-16
FOR SOLE HOPE FOR ,
OIL Is ACTIVE RACEBEl IERMtNl
THAT WAS FEATURE OF CHIEF
INTEREST N CONNECTION
WITH FOREIGN PETEOLEIM IN
II~TI.N IN 1913
GEOLOGICAL SURVEY SAYS DE-
NEIurMENT WORK IN MENICn
REMAIN ABLY At"TINE tONSIn.
FIRING UNSETTLED CONDITION.

49, fN NN - ANAf
with the foreign petroleum industry wv
lnli ua~ The active prospecting Tor new
al deposits. according to 4 statement 81
David n. DAY. issued NV the United
states Geological Survey. This pros
pccting extended 90 very remote Regions
including South America. southern
Chile. Patagonia. miny islands ~ the
Pacific. china. Japan and thu East
Indies.
The prospecting NJ mo>I interest a.
the United States was that in The West
Indies. Central America and south
America on account w the approaching
completion nf tine Panama canal. I'm
Venezuela American capitalists were
actively prospecting IN MANY regions.
chiefly along the northern border. More
Than - field parties were engaged w
exploration with \ view ~ the selection
"a the most promising oil fields that
might IT, Developed. working under 4
provisional concession from the Ncnc
zurlan government. These capitalists
and others were also actively and sue
c'>sfully developing oil concessions w
Af' NHtNHffNf l~iNAAfl NJ iIAllNsAl#
ln Colombia. English. American AMI
Canadian oil interests were concerned
with CONCESSIONS for the drvrlnnmrnt VI
Large areas where. though no large oil
wells have been developed. the >ccpagr,
~ uil and asphalt are 80 significant a.
a. lead ~ the hope If a large addition
90 The suppl ~ fucl oil. The Cnwdray
n FYr.-HN Nv Tfh.lY.n4 Trwr~. lsI...l# s. YI
latter part of the year
There vas DELAY IN developing the oil
fields w Argentina. owing apparently a.
the desire nf the government tn retain
the III ~ a national monopoly.
IN chile u governmental commission
examined The I'll aud ga> Indications in
The Magellan region aud made u favor
able report.
Va Ecuador the Cuwdray and other IN.
trrcStS carried nn i vigorous campaign
FOR the requirement aud development "
areas showing oil indications IN the Ia
;rrior. a. well ~ in the region nf the
Old wells near the coast.
Interest was shown NV the pn~~ihi'it
n finding nil in Panama. Costa Rica.
Nicaragua AMI Honduras. hut - r.
Gently there has NOT yrt been time FOR
"A significant result.
~ The islands II thc West Indies
prospecting for petroleum was active nv
Haiti. whore \ small nil well was drilled
near Aqua. ~ Cuba drilling TOR oil
was resumed near Havana. Carlcuas
and Mpicmhn. Explorations for nil
were also active in Barbados.
IN MrNicn development work was "
m~arkHhlv active considering The mSrtl
tied condition If the country. In re-
suited in the Development ~ several
large wells IN the nrighhurhupl " The
great su>hcr IN Potrcro drl Llano An
other large gu>hcr was obtained IL Los
Naran o.. on the shore NJ Tamiahua Va
gnnn. which indicated "a considerable ad
diiion 70 the total oil supply. The i'm
purIancr vi these additions can not well
hc uyrrr>timnted for in spite ~ the
universal Judgment that the Mexican
fields are potentially very great the fact
remains that - far ~ present supply il
concerned Mexico has been practically
limited Ia two ~ ~ best three large
wells and not "A VERY large number ~
smaller wells uf most uncertain char
actcr. OF the large wells the American
Duhrnyl interests owned two and the
English Ircar>nnl one. Even with tho
phenomenal energy ~ The exploration
work IN wa~ questionable whether new
wells would hc found promptly enough
under the peculiar McNican conditions.
tu maintain present shipments. ~ alone
supply y combined fleet If about forty
large tank steamers. The supply j. now
ample. A. an evidence w the peculiar
character ~ petroleum commerce. IN H.
probable that with this additional sup
plv the price per barrel will increase.
because the greater confidence ~ the
supply will stimulate the adoption ~
McNiran WI for refining and FOR fuel
The eight inch pipe line ~ the Mex
can Eagle oil company Pearson inter
cst>l Wa~ completed from Iutrcro dcl
Llanu ~ Tampiro. The refinery Of this
company between ~ Rarra and Tam
pico. north ~ I'rnuco river. y nearing
completion. Among manv other inter
eSting developments in Mexico was the
continued interest IN the TopIla nil
field. near Tampilu. where Ia spite ~
MANY wells going ~ salt water. the m
USUALLY large gu>hers occasionally ~
tanned have stimulated continual drill
ing operations.
= feature ~ importance for the United
States was the Development " u large
III et M tank steamers for coastwi>r and
trans Atlantic trade. Imports II Mrxi
can uil were extended ~ several rrfIn
- .u1-.Dn- - liz I-ultDl >iutu.