The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1915-07-14

An Oil Shortage?

II Is reported that the interests con-
trolling the padon well and much al
Inccnt acreage have decided To drill
in the well and test ont the resources
" that section. This. II true. Is the
greatest oil news Of the day. for It
proves. beyond all question, that there
N an apparent shortage NJ oil-at
least Il shortage ON the terms the
]markctrrs ARE willing to deal
Thr Padcn well Is controlled by
the Prairie OH a Gus Co.. who ncQuir
ed % half interest hy drilling the test
Cameron ct al blocked mp the acreage,
aud went 10 Oh" production depart
mpnt " the Prairie with the PROPOSE
tlon to drill q well for half This the
Prairie did. when the well was drill
ing IN and showing for Il heavy pro
ducer, the Prairie shut ii In and refused
10 do further work until such time as
marketing conditions justified add
tiuunl production This action on It's
part was sustained 10y the corporation
commission, tu whom Cameron appeal
ed IN his efforts to have the well drili.
rd ON I'm and operated.
A. u Morton. a prominent producer
~ Bartlcsyillc, and associated with
strong New York interests In the
New York Oklahoma oil Co. which
operates properties I'm the north okla.
homH field, then quietly went ont and
bought most OF the stock In the Pad.
en- company not held 10y the Prairie,
and also bought leases adjacent ms
long Ms he could secure guohlOokiug
territory.
Tint is the situation at Pnden. The
| discovery well and the territory ndiu.
cent Is controlled 10y cmlncntly prac.
teal interests And that ~ why the
report that the field is to be opened
nj this time IS $50 Important. For II
means that the Prairie Is not finding
IT, lines oycrtHNrd by the present pro.
ductlon, and feels itself Justified In
ovaillng Itself " amy additional pro
ductlnn Color Is loaned to the report
by IN" activity " the production de-
pRrtmcut NJ the Prairie north ~ The
Gushing pool proper. where severn
wells ARE being drilled In what Is con
sid"re' only fair territory.
The Tulsa Worlds Oh writer. In M,
W. 'Fy i-su" D.. responsible ~.
~" owing r"r0- ntntious with re-
sI-t 'a 'hD production figures
Sa-era - 'hr pipe line compnnlc
nrr 90 O position right now that is Il
say the least unusual during the pas
Year or SO Tint U.s. they are nu
able 10 get nll the OIL their lines ca.
handle And strHugcst " ull is thu
the pruirie Is NM Of the lines So al
frytcd.
The prirlp's line, from the Cusl
Ing field mr., not now running full ~
. larlty mud strenuous efforts hn,
h,1.u mad" lu the past few days h
Officials ~ TINT company IN get "a
from producers In several cases
is known that the producers decline
10 furnish the pipe line with amy MOI
uil Onc producer when npuruachr,
told the Prairie officials that he e.,
pcctcd to take care NJ the people MOI
when tn supply M oil was short. wh
took care N him when OH was plel
tlful
The Gushing pro lurtlul IS admltte,
~ slipping fast and many NJ the be,
rustDsl Operators say II will not pr,
ducc lIjOuO barrels per day. whit
the highest estimates do not place
above two hundred thousand barrels
THIS means that certain pipe lin,
cannot get their line capacity Of OF
aud should lead In the neal future
an advance I'm the price, That IN
advance viii come I'm 40 days II veI
generally believed now
This shortage NJ oil has led OF on
thing aud that Is It has forced q
Prairie tu begin validating for II
purpose NJ developing Il supply Of d
for It's pipe lines
Three tests are now being drilled |
the Prairie north of the Gushing fiel
nnd SOME more are 10 he started b
fore Icing. II Is understood.
II II generally believed that the 4
cline m the supply ot Gushing cru,
has caused the Prairie Ia decide
drill In its well near padcn This W,
was drilled 10 the top NJ the sand se
crul months ago and there shut In
WAS never generally known Just hr
good this well WIS. but II Is suppos.
thHt II was vert productive, aud I
that reason was shut I'm. M the Pr
rle dld not desire Ia he accused
trying to flood the market VIII
Cushing was still on the upgrade
Now. however, conditions are char
cd nnd the shortage " oil Mt Cushi
h leading to more strenuous effoI
To develop q larger supply II we,
he better, however fnr the greaI
" - tv.lugAv. a. ola. nt.I.l. 49,