The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-07-29
OIL AND GAS NEWS

east, where he spent several weeks on
matters of business in connection with
oil. He states that the general feeling
of the eastern people is that prices will
be better Storage oil is now being
drawn upon rather heavily, the produc-
ton of oil is not keeping pace with con.
sumption and there will be an awaken
ing to this shortage and oil will ascend
to price commensurate with its inn
portance. He believes that the govern
ment will make a mistake at this time
If 1t begins the curtailment of markets
by limiting the automobile. There is
no good reason for making business dull
unless the emergency is really before
the people and not a condition created
by fear alone. Mr.. Steiner is also of
the opinion that producing oil proper
ties will be worth much more money
than they are now and lease prices will
go back to their normal worth with the
bringing in Of another pool Absence
Of recent oil discoveries depress lease
prices more than the conditions that
have grown out Of the existing state
Of war
Keyes, ct al, on the Fred Ellis farm
in section 27 1slOw, In the Walters gas
field, have the ten-inch set at 2OS8 and
should be ready to drill to the sand this
week.
Charles f Douglas, in 30 ls1Ow is
moving in rotary tools.
Carter Oil company, in section 26
4sl2w in what is known as the Rand.
lett well, is drilling at $50 feet in
twelve-inch hole.
Carter Oil company I'm 35 2s14w, has
a rig up in the southeast corner of the
section.
NJ c. Ent, in 7n15w, is drilling at
300 feet.
Webb-Moss, in is 1s15w, is drilling
at 500 feet. This well has had some
showings.
Czarina Oil company. in section 30
3s3w. in the northwest extension TO
Healdton, Is drilling at 300 feet
McKes oil company, in section 25-4.3,
I'm the southeast extension to Heald.
ton, is moving tools on No. well
which is the second to be drilled on this
lease.
Stephens Oil & Gas company. in l
3slw, is rebuilding the rig which was
blown down In a windstorm.
NJ. T. Pierce has been in the Graham
district the past week and has placed
two wells of the Wildcat Jim Oil com
pany on the pump He will pump these
wells two or three days out Of the week
at small expense. and is OF the opinion
that they win soon pay out, although
they are small producers.
CarterLove Oil company is moving
to location No l, in the northwest cor
ner OF the Carter ten acres in section
lj-43.
Carter oil company No. S Mobley.
in section 13.4.3. is fishing at 500 feet.
No. 9, on the same farm. is drilling In
shale at 74O feet
Extension Oil company No 2S Mob
ley, In l3.4-3, Is drilling at 1850 feet
and No 29 is drilling at $50. No. Q off.
sets Nos. and on the Mobey lease
Of the Carter oil company.
Gates oil company has completed No.
IS Watkins in section l0-4-3. The total
depth OF lll5 feet It was given forty
quart shot and the production is good
for about twenty-five barrels.
Humble oil company has completed
well No Z Martha Tubbee, in section
24-4.3 at a total depth Of 1917 feet.
The sand was shot with forty quarts
OF nitroglycerine and the production
is good for ten barrels
Hexagon oil company No. =, In sec
tiOn ll-4.3, has been competed AT
total depth OF 1853 feet II had % feet
Of sand and is good for seventy.five
barrels. or better.
J. ". johnson. manager Of the Ard
more refinery, has returned from visit
TO Tulsa.
NJ. p. Duncan and NJ. NJ. Hightower,
who are active in the stephens county
fields. are here from Loco.
c. G. Cox, Of the National supply
company. has been absent for thirty
davs on n vacation trip In which ne
visited New York. Pennsylvania ana
Indiana. Mrs. Cox, who accompanied
him. will return within the next week
or ten days.