Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1915-10-17
VIII Payment of Premium for Oil
Bring About an Investigation a.?

pany, and the Okla Oil company. a
subsidiary Of the Tidcwater. The
carter and Prairie are the priuCipal
buyers of oil in this field, they are also
the most extensive owners and holders
OF stored oil, and the Carter and the
Prairie Oil q Gas Co. are also two of
the chief producers of crude oil i'm
TINS field. The Okla is gaining ground
fast, at the present time, being one of
the prlacIpaI buyers of both produce
! ing properties and storage.
The total amount Of stored oil in
this entire field. at the present time,
is placed at so, OOO, 900 barrels. OF
this amount, the Standard companies
own more than half, and they are
gradually picking up whatever is left
II a can be bought. 1t is said that
some fancy premiums have been Of
Tered to secure the remaining stored
oil, and in some instances IL is known
h "A the bidding has been brisk. This
Das been r particularly as regards
the 5000, 600 barrels Of storage be-
longing to Il. b. Jones. Several times
the Jones storage has been reported
sold at fancy figures, but afterward
the denlals have been forthcoming.
That another Standard subsidiary ia
about to enter oklahoma is now un-
dcrstood-the Standard Of Indiana.
thus increasing the holdings of the
standard subsidiaries in the Mid
Continent field. This company is re-
ported as a bidder for the stored oil
that still remains outside the stand
ard ownership and particularly the
1000, 600 barrels stored by h. b..
Jones.
The Prairie Pipe Line company is
the chief carrier Of oil from this
field. This company's shipments
for September amounted TO 3,2.l.-
O49 barrels, or an average of
l27, 36S barrels a day. The capacity
Of the Prairie's lines from this field
amounts to $4,000 barrels a day, while
the capacity of the Oklahoma Pipe
Line company, the other Standard car
rlcr, is $4,000 barrels, or a total Of
10000 barrels a day. The prairie's
runs from this field go north and east,
while the Oklahoma carries to a con-
nection in Louisiana with the pipe
line of the Standard Oil company Of
that state, the oil going to the big
Standard refinery at Baton Rouge.
The Prairie line TO Whiting. Indi-
ana, delivers $4,000 barrels daily, OF
which the Whiting refinery takes
from 2S, 900 to 3 1000 barrels and the
remainder goes on east. 1t also de-
livers to the Wood River, line, near
st. Louis, $4,000 barrels daily, OF
which the Wood River refinery uses
10000 to 1900 barrels, and the rest
is transferred to the Illinois Pipe Line
company. II is said that the Bay
Way, the Bayonne and other far cas-,
Standard rCfincries are taking APP
p~roXimately $4,000 barrels daily.
The Carter company entered Okla
bona last February, while the Prairie
has been a long time resident in this
field. Today, however, the Carter
holds right at $4,000, 600 barrels OF
stored oil and the Prairie about 49,
0 5000 barrels, with the Okla credited
with 1000, 600 barrels. All these
companies are steadily buying pro-
ductiOn, leases and storage, and at the
present time the Standard through
these various companies absolutely
controls the field. Whatever the
Standard pays for crude is the market
price. The Carter entered the field
TO become Immediately the central
figure in big deals, overshadowing
even the Prairie, and now the Stand
ard Of Indiana Is said to be getting
ready to join the family circle in this