The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-04-03
OIL and GAS NEWS

Local interest at this time is cen.
tered in the Fox district, where It
looks now like one of the big oil fields
of the state is being opened. The
Gypsy well, in 1928 makes a flow
every hour and is making something
over 600 barrels a day The well will
be drilled deeper and the production
will be increased when the company is.
equipped to care for it, The Gypsy
Oil Company is one of the big produC.
ing and oil carrying companies of the
United States. 1t has a pipe line and
refining department and it has fire.
quently been stated that If Fox proves
to be prolific oil area that the com.
pany will build line into the field.
That time has come in the history of
the field and local people are of the
opinion that a new line for the field
is practically assured.
Ardmore producers have an oppor.
tunity of making as many fortunes at
Fox as they made at Healdton. In no
other oil area in any state have the
local people been so wide.awake as
they have been in Ardmore. While
the Gypsy owns big acreage at Fox,
many Of the big companies stayed out
OF the field. Acreage went rather high
and some OF the geOlOgists and oil men
expressed the opinion that the country
was broken and also that it was the
smoke stack Ot HCaldtJa acd tney
withheld their investments This at
utude gave the local people only a
better opportunity AMI they own acre
age in sections II, Is, 10, 20, u, 80,
80, 2S, q, 81, 80, 80, "a, 80 and in the
township to the south they own lands
in sections |, 2, 3, 4, 5, and in the
townships both to the east and the
west they have holdings. They have
not only invested in leases but they
have sought out fee lands and made
heavy purchases
There Is another feature to this new
development that is worthy of men.
tiOn and that is found in the fact that
the local people have shown a spirit
OF fairness and Of generosity that is
entertained only in the hearts of the
big men of the oil business The Gyp-
sy took its leases before the surren.
der clause agitation came up. Those
original leases were subject TO can.
collation. under the opinion of the su.
preme court Of the state, but not a
lease has been cancelled. Not only
have they not been cancelled but Ard.
more people have gone to the Gypsy
and willingly renewed leases without
penny OF money and this was done
when these leases could have been
sold for a large sum of money. For
lease OF sixty acres as much as 500.
900 has been offered, which is at the
rate OF $500 an acre. This is regard.
ed as large sum of money to pay
Tor leases but the offer was genuine
one and 1t tells its own story of the
value of the lands to which the Gyp
sy Company ought to feel kindly TO
ward this city and that generosity
ought to be the means of bringing tC
Ardmore one of the big refineries OF
the country.
Local people, whether they have in
Nestments themselves or not, will an
preciate the fact that their neighbors
have. When the fortunes OF the Fox
field are transferred here they will
create another revolution in the tow
and still greater buildings will be the
result, new additions will be opened
up, new institutions will be establish
ed and what 1t means to this city can
scarcely be realized.