The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-27

South Lima--2.os Plyr-u,h - aoS
Petroiia Canadian --- ~
Matters In the Healdton field con-
tinue very quiet. and probably will be
SO until after January !. Few new lo-
cations are being made and compile
tions are dragging. This. no doubt, Is
largely due TO weather conditions and
10 the holiday season. when many OF
the workmen take a vacation and visit
with relatives. An unverified report Is
to effect that the Kirk oil 4 Gas com
pany is about to increase its capital
stock from $4,000 TO 100000 and give
the shallow sands of the Graham field
a thorough test. The Kirk lease in 81
2-2 is surrounded by locations now that
win call for at least four offset wells
by the Kirk company. and operations
in that field are attracting attention
that promises some interesting develop
ment.
The CTitchlOw well in S-5-2 has been
abandoned at 21ss feet on account Of
the continued salt water sands
There is an unconirmed rumor that
the tools will be moved from the Critch-
low well in $50 TO the Burford-Brimm
well in 1852. and drilling be resumed
there.
E E ErteI who has been in Texas
for several weeks. came home 20 spend
the holidays with his family. Mr.. Ertel
has blocked up 5000 acres for himself
and associates in the vicinity Of Brown
wood and Ranger.
Joe Lsthrop is blocking up acreage
in the Texas fields near Brownwood
and Ranger.
W. F. Mitchell of the Gypsy com
pany spent Christmas day IN Fort
Worth.
During the first nine months Of 1917,
says a Boston dispatch, the Pierce on
corporation and the Pierce-fordyce On
association earned together balance OF
net profits after interest of s2.2S5.Sls,
against s2,03s .0e6 in the same period Of
1916. This is an Increase Of sls7.722,
a gain of about nine per cent. On the
basis Of the consolidation OF the Pierce
Fordyce association into the Pierce on
CORPORATION there would be outstanding
100000 shares of Pierce Oil stock par
s25l On this basis the net OF the
first nine months would equal S3.os per
share. This is an annual rate OF $4.l2.
which is a good earning power for
stock selling at about 50 per share.
In the current issue of the Oil and
Gas Journal III. G.. James, in discussing
recent notable successes in the refining
business, has the following TO say con-
cerning the Ardmore refinery. Credit for
the phenomenal success OF the local
institution is due to the general man.
ager. w. 3. Hassett, of Tulsa. A num-
Der Of inaccuracies occur, which are
noted in parenthesis. The article Is
as follows:
In 1914 what was then known as tne
Chelsea refining interests, since merged
into the larger efforts OF the lnterha-
tional Refining company, built the small
plant of the Ardmore Refining com
pany at Ardmore. At that time Ard
more and the Healdton field seemed
impossible as a refining proposition
The oil was heavy, there was no safe
for il, and anyway Ardmore was away
down yonder in the sticks and wouid
never get on the oil map. But II ~ AZ
WAYS the impossible thing that makes
the most brilliant victory. Behold Ara-
more and the Healdton field, The Arc
more Refining company Is To-Day aitei
less than three years. running more
than $500 barrels (near 1000 barrels) a
day on an average and is doing spieh-
did business It is making Kerosene,
gasoline. naphtha, benzines, fuel oil ana
distillates. getting it's crude through
nine miles of it's own pipe line. IL has
an investment of over 100000 Should
be about $500 .O00). II has been proved
if location is right and other conditions
favorable it is possible TO make re-
fnery pay running low-content crude
Healdton crude reduces from 50 per
cent TO II per cent, the grade varying
The Doherty refinery at GainesVihe'
Texas, crude for which is piped through
it's own line from Healdton. is one of
the largest refineries in the mid-conti-
nenf field. having a capacity Of nearly
{ 900 barrels a day and running almost
600 barrels daily. This plant is un-
dereoing extensive extensions III plans
mature. Ardmore will be much more OF
q refining center at the end of another
wear In addition TO this. there l. the
Terminal Refining company's plant al
New Wilson and the Wilson kefining
comuany at Wilson. out in the Healo-
,on field. 1 number OF other rehneries
are under construction or contempia- 1
tiou for the HeaIdtOn district. And
three wears azo Heaidton operators
- begging for some one % buy their
"a al any old price.
yvoedruff OF company j. rigging Up .
ror its No. on the Woodruff ieih IA
III. northwest quarter Of the north
- Quarter Of section 3l-3s-Sw-
In a recent article the OIL and Gas
Journal credits c p. Shafier - the
arcesf Individual producer in the mid