The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-07-17
PRODUCERS LOSING
Sl5,0O0,OOO A YEAR

According to an estimate made here
by Writ Franklin, who was a member
of the discovery company at Healdton
and who has large interests in the field,
the producers are losing $15,0OO,OOO a
year and the state is losing a half mil
lion dollars year in gross production
taxes because Healdton crude is not
selling at $3.50 barrel which he con-
cludes is the price 1t should bring as
compared with other oils in the mid
continent area.
"Healdton crude is the lowest priced
oil in the world" said Mr.. Franklin,
but we know ii Is not Of the lowest
grade" The provision Of law which he
hopes to have the governor invoke in
behalf of the producers is found in the
conservation act of the state and pro.
vides that the corporation commission
shall have the authority to prevent un-
just determinations as between differ.
ent oil pools Of the state. This discrim-
ination might be made In the percentage
of runs made from fields or il might be
in the price paid and in this instance
II Is in the price that is being paid for
oil. Local producers have never felt
that Healdton crude sold for price in
keeping with the grade of the oil since
soon after the field was opened. Oil
opened up here at $1.05, which was the
price paid at that time in the northern
portion of the state, but reductions were
soon made and the price soon dropped
TO point as low as thirty cents.
Casing for oil well drilling took an.
other jump Of fifteen per cent yester.
day. While the supply seems more
plentiful than II did/a few weeks ago.
the price continues to climb and with
each advance drilling is made more ex.
pensive. The price Of crude is not keep
ing pace with the price of drilling ma.
terial
Pierce Fordyce Oil Association has
shipped company tools from Wichita
Falls, Texas, TO Wilson, where they are
being unloaded for the well in section
l3-7s-3w, two townships south Of Heald.
ton. The company's well there has
been drilled to 2l7O feet and deeper
have been installed.
Ruby Petroleum Company No. 4
Watkins, in section l4.4.3, is drilling in
shale at $40 feet.
Vernon Collins Oil Company No. Il,
which Is the center well OF the lease.
on the south line. offsetting the Ha.
mon.Wallace property, has set the ten.
inch at $50 feet. This is the last well
to be drilled on that famous eighty.acre
lease, the fee Of which belongs TO Yer.
non Collins, an Indian boy about Is
years Of age.
Charles d. Wortham left here today
for Seattle Wash, to visit with his
brother whom he has not seen for thirty
years. The boys grew up together in
Virginia and Mr. Wortham has FIRE,
quently visited the old home but on
these visits never saw his brother. He
VIII be in the northwest for six weeks.
G.. NJ. Hamilton Is here from Eureka
Kan, TO start operations on the Walker
voorhees, farm In section 20.4s-2w
which is ahead OF production in the
southeast extension TO Healdton. The
location is in the center Of the northeast
forty OF the section named. The owners
have rig up, have obtained water ant
are now getting fuel at the site Tn,
drilling contract has been awarded &c
T. b. Weaver and tools viii be moved In
at once. The test is to be drilled TO q
6epth Of at least 1000 feet. The owners
have organized under the name Of IN,
Blue jay Petroleum Company with 9