The weekly Iberian. (New Iberia, La.) 1894-1946, 1915-01-30
FOREIGN PETROLEUM
INDUSTRY.

Tor petroleum which characterize
1913 continued undated dutrn
= the early part of 1914, the iatte
part of The year disclosed n noti
hle falling of both in deVelol
ment work In proved areas and il
exploration This decline, "a
stated by j. u Northrop, Of thu
United States Geological Survey
~ accounted for 10y the dcm0faliz
ing feet Of he European cotn,r
on petroleum markets and sccuti
lies, coupled with All enormous
overproduclion In the United
States and Mexico.
In Canada he decrease in p,o
duciion from the declining tiolds ol
Ontario aud New Blunswick was not
offset 10y The results OF extensive
wtldeatjing whlrh centefed IN Al
berta, " here small amounts of pe
troieum were found IN wellA ~ the
territory adjacent 10 Calgary, but
which was also prosecuted with
considerable zeal ia southeastern
and southwestern British Cnlum
bia aud southern Saskatchrw m
Mexican developments eenlcrcd
III the northern hrlde at ropila
and PaDuco, 10 which substantial
additions of productive area were
made during the year, Work in
the southern fields suffered con
Siderable interruptions. owing 10
he activities OF the warning fac
ions In Mexico, and work III an
districts was abruptly curtailed
and IN many places terminated by
the exodus of woikmen and oper
ators that began in April 10
watd the end of the year the oil
fields showed increased activity.
owing IN part 30 the resumption
of The use of oil by Mexican rail
roads and industries, though the
lack of adequate storage and the
unstable condition of the Govern
ment precluded more than nom
nal operations Promising discov
cries of oil on Rancho FL Lhapo
pote Indicate the possible event
ual deveiopment of an oil field
near Campeche, State of Cam
p, che.
In Central America progress
was made looking TO the testing Of
the oil prospects in Honduras and
San Salvador.
La the West Indies drilling was
continued near Cardenas, In Cuba;
legislation providing for the OK
,loration of the OIL resources Of
was considered and |
he storage facilities OF the Trinl |
| I'd fields were taxed by the IN
output.
In South America oil and gas
we're discovered al Tubala, Go
ombia, adjacent to the Caribbean
SEA and not far from the Panama
Canal. In Peru addition tankage
vas required ut Iorritos. In Ecu
ldor. Bolivia, and Chile the pros
,ects for exploration in the near
uture were frightened 10y the
of a number OF compa !.
Hes financed by local and foreign
ap,,tn|. In Argentina govern
Tnt development continued In
he Comodora Rividavla, aud leg
station providing for the leasing
1 the state reserve IN that field
ras considered In Venezuela
rogress WIS made ia the shallow.
and iielo opened late In 1913 on
he east coast of Lake Maraeaibo.
In Russia a steady decline was /.
oted in the kakn district, on Ap "
heron Peninsula, and was enpha
zpd 10y "A wolkmen's strike that
lsted from June IL to July 81.
t Grossly an increase in produc
on was recorded from extensions
I the productive area. At Maik
p northwestern extensions failed
J retard Il decline in production.
! the relatively new UraL Emba
istrict, north of the Caspian Sea, /,
'teIest was centered in the Dos u
or field. but minor activity was "
in some 40 other fields, !.
,attered over an area Of 800
Iuare miles east of the mouth OF !"
raj River In rutkestan east II
the Caspian Sea the new Sci
okh held attracted greater at
nt,on than the old declining Iii
,hlmion field, also In the Fer
laua district.
Ia RonmanIa notable exten "
ous o the west and south west NJ
ID d scoveries Of deeper lying ~
odnclive sands were credited to
e Bana Moreni district. Addi :