The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-08-20
OIL AND GAS NEWS

! ening of the market yesterday, Satur.
day, the 18th of August.
The date viii mark a red.letter day
in the history OF oildom and it can
safely be set down as a great event.
Two dollars per barrel with the pre-
MUM paid for high-grade oil at va
rious points, is nice price, and ought
to stimulate drilling greatly.
This will in turn mean that many
new pools are uncovered Oklahoma
and Kansas are fruitful fields for
wildcatting, as wildcat wells are
counted these days and the man who
believes that the top Of production has
been reached has another guess COM
ing. 1t all spells prosperity in the
future.
Kansas producers have evidently
opened a new pool which will be pro.
ductive of much oil in the neighbor-
hood of the wells drilled by Cosden e.
Co. in the vicinity Of Virgil, Green
wood county, and another which
promises good along the west line of
the same county where the Jones
Brothers drilling as the Great Suth.
ern Oil Company have found what
looks like the Bartlesville sand east Of
the Flint hills. This with the wells
now showing good in the southeast
ern part of Butler county. and the
big production in the Towanda dis
trict, makes it look mighty sweet for
operators in that state
In Oklahoma there are vast dis.
tricts hardly touched by the drill. and
who would wish for better wildcat ter.
ritory than range 10 from the Kansas
line as far south as township II at
least. Then there is an almost virgin
territory northwest of Okmulgee
which, with the present stimulus
given drilling by the raise in price. is
going to open new pools galore.
II Is a very lucky bunch that are
drilling in the wells in the Usage and
at Quay all of which with hardly an
exception, are showing good and
where premiums have been sky.high
with a great majority Of the oil going
to independent refiners. These same
operators have an opportunity to
show their appreciation for better
marketing conditions by protecting
these same refiners in an emergency
like the present.
Ihe tank wagon price has not ad.
Vanced up TO the present writing. al.
though In the many years since the
mid-continent field was uncovered a 2.
cent advance in the price Of crude
has Immediately been followed by an
Increase in the price of refined prod.
ucts.
The question now is. does the
Standard think the time opportune
to make the Independent refiner lay
down and this by simply raising the
price Of crude and keeping the tank
wagon price as now. The chances
are that it does not. and if IL does
1t is likely to be badly fooled be.
cause while many Of the refiners
are not strong financially. they can
at least take layoff until conditions
are better.
There is a remedy too easily ap.
piled. and that is a direct appeal to
President Wilson for square deal
The Standard has no defense that will
stand for a minute If It takes advan.
tage of the conditions brought on by
war to wreck independent refiners
throughout the country. 1t has suffered
great loss Of prestige and is now
trying at the eleventh hour to regain
same by a system OF subsidizing the
press, If not by direct purchase. bv
the use OF great advertisements in all
the principal cities Of the country.
No chance for the big monopoly is
there in Oklahoma until its hypocrit.
ical dark workers have been eliminat.
ed. There is too much cant in the
dope It's writers are turning out as to
leave only a knowledge Of the intent
of its authors TO fool the public. No.
body is deceived.