New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-03-10
DOINGS AT THE OIL WELLS

LID
Deals IN oil lands from New
iberia to LOreauvillc and Jeanc.
rettc continue undated. Even
royalties are now being sought
after, at figures that run INTO the
thousands Of dollars. There are
now SIX new dcrricks 1T the PROV
en- oil fields, two near Loreauville
and several others that will soon
be erected. The Staiti syndicate
who took over a tract from the
New Iberia Oil Co. will soon be in
shape to commence operating their
machinery, while the New liberia
Company themselves will put
down two more wells on their
valuable holdings. The Gulf is
buSiIy engaged putting up a der
rick on the Ledet tract and the
Ilency Oil Go. is setting up
rigging on the Grilliana lands.
Several meetings have been
held by the board Of directors of
the Enterprise Oil Company. and
it is more than probable within
the next fifteen days active work
Will be begun on their holdings
which comprise the property of
VOORHEES, Emmer and Lewis. This
corporation has upwards of fifty
acres and every member of the ,
board is hopeful that oil VII be
brought in when the first well is
sunk. Orders for stock continue
to come in daily, and as soon as
sufficient stock is placed upon the
market arrangements will be
made for the employment of a n
competent driller to proceed with Il
the work. "
With at least seven different II
corporations obligating them ei
selves to bore for the fluid in this f.
there is not the least II
doubt that the field within few IL
miles Of New Iberia will prove the bl
best in the United States. Geo tn
Iogists have been sent here by w
some of the largest syndicates in re
the world, and they have all pro- p;
bounced the indications here as di
good as they have ever seen any w
where. w,
The well Of the New Iberia Oil id
Company continues to throw out at
he fluid in paying quantities. 81
Some contend the oil is being TAX er
n out at the rate of 200 barrels di
very twenty-four hours, while liR
'thers who visit the field think TIL
me hundred barrels is about the bu
apacity of the we'll Driller Ed Ike
nond Boutte who was the first to en-
ring in oil in paying quantities of
las severed connection with the pls
<ew Iberia Company and from He
What we are able to learn will OBJ
Don close contract with some to
Their corporation. Mr.. Alphonse Fo
JAWS is now field manager of no
he New Iberia Company and has bel
one to work enthusiastically at wo
ending to the business end of his bu.
Employers. While the Gulf Com osi
any drillers were the first in the the
ED to bring in the fluid, there is w;
o doubt to driller Boutte, more str
han to any one man, should be ant
iven the credit for the influx of no,
capitalists that has invaded our VIII
ity to-day that has resulted inn
| several hundred thousand suf
ollars changing hands. I'M inn
ediately upon the bringing in we
this particular well. land values ert
that vicinity trebled and fully it '
vo score Of our land owners and
'otited immensely. sho
For the third time the drillers and
charge of the Gulf Co. inter be
IS who are operating the we'll ria
,own as Schwing No. l have roa
ct with the misfortune Of twist tow
g their pipe and at the present \