The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-11-21

. United states have their men here
and they are making purchases. n,
one knows at this time whether The
/ county will have new oil field q
not but oil men have concluded tina
a new field is being opened. an,
/ they have come to spend their mon
/ ey and to share in the profits o
| the development.
Ardmore is the gateway to tn,
wonderful oil wealth in the western
portion of the county, and hotels
and rooming houses here are full {,
overllowing and each night there ar,
some who cannot get rooms. Tn,
oil conditions now are better thar
they have been before. The excite
ment which prevailed in the Head
ton field. and which led many loca
people to make investments, upor
which they never received returns
is absent, and the oil men, with &
few novices, are playing the game
Ardmore will profit more out of the
opening of new field now than il
did from the first field opened IN
ether words, local people know q
thing or two from having gone into
the game before, and their wealth
will be better conserved and the real
operators will do the greater portion
of the buying.
Land owners in the prospective
new field are said to be reasonable
in their prices. They do not know
that field will be developed, and
they are selling leases on at least a
portion of their holdings at reason.
able price, This activity means that
drills will be started within a short
time near Fox and near Graham, and
there will be more or less activity
there for several months. The
chances for the bringing in of n
new oil field are reasonably good, and
it means much to Ardmore and to
Carter county.
There is always an element Of
doubt until the sands are found, and
II is possible that the gas sand found
belongs to the Loco gas field and
that oil sands will not be found.
That element of doubt is holding
prices down TO point where develop
ment can be done Then every field
is not like the Healdton field, and
land owners cannot expect so much.
The Taylor field was a small one, and
the production is now only about q,
800 barrels a day. There was wild
excitement there and enormous prices
were paid for barren stuff The
Strawn field is only small one. and
land owners should not judge every
field by Hcaldton which is one Of
the remarkable fields of the world.
An oil man in discussing Healdton
yesterday, stated that for 22 year.
he had been engaged ia the oil
business, and he regarded HealdtoH
as the most remarkable field he had
ever seen. The field is made re
markable by the thickness of the
producing sands.
It is important that prices not
soar too high The man who puts
up money for the drilling of deep
wells and pays one-eighth to the
and owner, is the man who makes
)il fields, and these men are entitled
o credit for bringing prosperity to
many communities. The man who
collects royalty is the most fortunate
nan in the oil business He does
lot have to drill wells, build tanks, |
Keep heavy payrols and become re-
.ponsible when laborers are injured |
Neither does he worry over the .
mount Of his pay check, because it
lways comes direct from the purcha /.
ers Of his oil. I
mere ShDuiG " friendly co /
,peration between the land owner /
N the one side and oil operator on
he other Each one is necessary /,
0 the success Of the other and the /
Ill men do not by any means realize
,ig profits on all their purchases.
Within one years time one of the .
arge companies released to owners /
900. 1000 acres OF land. This means
hat the company had paid rentals
N non-productive lands for several
ears, and the owners received vast
um of money from these rentals.
There is a chance that a series
# oil pools will be found here and
II h.F A-Iv nil