New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1917-05-26

| liberia Oil Fields, about SIX miles
from our City is now estimated to
produce about eight hundred
barrels per day according to the
opinion of some of the stockhold-
ers interested, the well was
brought in on Thursday morning
about one o'clock.
| This well was thought com
pletcd on Sunday morning and
shot out about two thousand bar
rels of water and oil and for time
it looked to many like it would be
impossible for the drlllers to shut
the water off sufficiently to save
the output Of the well aud it con
tinucd for couple Of days to
show only about ten per cent.
fluid. To the great credit OF the
drilIers in charge, they got active
ly at work endeavoring to remove
the screen in order to place a
smaller one at the bottom of the
hole in such a manner as to shut
off the water, and to the great sat
isfaction of our citizens We're
successful. 1T was piece OF en-.
oineering seldom accomnllShed by
| drIlcrs and much credit is due the
! drillers of the Gulf Co. for the
success they met in shutting oil
the water. Many Of our interest
ed citizens spent the entire night
of Wednesday, witnessing the
drillers at work, and at one III
the morning a solid stream of
fluid shot up about thirty feet
above the derrick. The excite
ment created here when the first
h oir well was brought in by the
| New Iberia Oil Company several
months ago was again duplicated
and visitors from all over South
Louisiana focked to the fields IN
automobiles to see the gusher.
Now that the oil fields are prov
en- beyond a doubt, greater
activity will prevail and within
the next six months there ought
to be fifty rigs actively engaged
| in drilling for the fluid. The
same evening when the news was
heralded over the wires to parties
interested, transactions iii land
began to assume large proper
tions. and now there is plenty OF
opportunitv for oil men to secure
lands to begin an early develop
ment. 1t goes without saying that
every outside concern who have
been holding their lands awaiting
the finding of oil in large guam
tity by the Gulf Company will
now get down to business as early
as possible. The fact that the
two companies operating have
succeeded in tracing the salt
domes at a great cost to themselves
puts all other capitalists in posi-.
ton to know where the oil
strata and where the salt domes
are located.
New Iberia is bound to ENJOY
unprecedented prosperity now
that fuel in abundance has been
found within a few miles OF our
corporate limits, and we would
not be surprised to see our popu-
Iation increase one-third more
within the next two years as re-
suit of the development on the
part of the Companies that have
proven that there is oil here III
abundance. For several months
large number Of our people
seemed to think the Gulf Com
pany did not intend TO bring IN
oil until they would get more
holdings. Tn this we are glad
their representatives have shown
| us better. Had not this corpora
ton made investments here IN
lands and spent money lavlshly
| the chances are that no others
would have interested themselves.
Their coming here brought in 9TH
cr oil CORPORATIONS, but none got
right down to business and de-
veloped and as a consequence we
are under many obligations to the
Gulf Oil Company and they have
| the best wishes of our people for
further successful operations. To
Mr.. s. E. Sorrel is due the credit