Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-03-12

to Sl.05 per barrel. with a premium
or 20 To 30 cents per barrel additional
for certain light grade oils. During
this year the principal new develop
ment was the opening of the lleald-
ton field. The first well was drilled
in August and by the close of the
first year more than 800 wells had
been drilled, with 210 Of these as
production, and numerous wildcat
ting adventures were made through
ont central and southwestern Okla
homa. Activity was renewed in the
Madill region Several new fields
were added to the list early in the
year by the bringing IN of good pro-
ducers in localities outside of the
proved fields. The conditions of the
oil market have prevented further
drilling in these localities. During
1913 and the early part of 1914 drill
ing operations reached the highest
point of activity when the drop in
the price came in the early part OF
1914 the state was producing over
100000 barrels daily. The first half
of the year showed "A total produc-
tion of 45,600.650 barrels. In the lat
ter half of the year development was
as much curtailed as possible. but
even then the production exceeded
that of the first six months OF the
year.
During 1915 the principal features
of development were extensions to the
Gushing and Healdton fields and
drilling Of many wildcat wells. In
the Cushing field the drilling cam
paign which began in the early part
of 1914 continued, and as IA result
prolific production was obtained in
the BartlesVille sand. In the Heald-
ton field there has been renewed ac-
tivity. the daily production increasing
to almost 10000 barrels (January
|, 1850. Some of the most mpor-
tant wildcat" tests drilled were those
in the vicinity of Holdenvlle and
Graham.
Blackwell Looms Up.
In the early part of 1916 many
wells in wildcat territory which
began drilling in 1915 have been com
pleted. The wells in the Blackwell
field, although not in strictly wild
cat territory. have opened up what
is considered to be an important de-
velopment of an oil field other than
the gas already discovered. Another
feature of present development is
that of opening up new gas fields,
some of which are near saltwater.
east of Redrock in the Otoe reserva-
lings. where three shallow gas sands
have already been encountered, and
at Maud, where the unfinished well
is making about 100000 cubic feet
of gas and 40 barrels of crude oil
daily at a depth of 2.945 feet. one
of the locationc watched with much
interest is that of the well being
drilled near Enid, where the well has
already been drilled to a depth of
5000 feet. In the Cushing field there
has been renewed activity caused by
the drilling in of several good wells
from the Tucker sand. AT present
drilling campaign has begun in the
form of deepening the wells to
Tucker sand in the hope of increasing
the production. The tendency in all
fields is to seek the deep sands. Dur
ing the present year every indication
points to renewed activity in wild
cat territory. The stimulus for such
activity is probab bly, due to the in
creased price and scarcity of petro-
leum and the success already gained
by wildcat" adventures.
Price OF Crude Oil.
Statistics concerning the prices of
petroleum in Oklahoma from the be-
ginning of production to the present
are incomplete. Prior to 1896 the
production was very small, the aver
age price being about 80 cents bar
vel. During 1897 there was a gradual
decline the. average price for the year
being 40 cents barrel. At the end
of the next three years the average
price had advanced to 80 cents a bar
rel, but this was followed by de-
cline to Sc cents in 1901. In 1902
the price advanced only a few cents,
but in 1903 there was market ad-
vance. the average price being S1:O5,