New Iberia enterprise and independent observer., 1917-03-24
GREAT ACTIVITY I'm THE
OIL FIELDS.

Since the discovery Of lndlca-
tions leading to oil in this Parish
due to finding Of parafin near
Olivier Station, five miles from
New Iberia Oh an air line, the ac-
tivity on the part Of those inter-
ested in finding oil is something
unparalleled in the history of any
oil field in the United States as
cording to the opinions OF some OF
the men who have been following
this business for years. Take
for instance the Edgerly field
where millions Of barrels Of the
cEude fluid has been taken from the
bowels Of the earth, it took seven
years hard work before paying
wells were brought III 10y the drI-
lers in charge. In our territory
the first two wells brought i'll oil,
which is something unusual.
Within the space Of only few
months there are now eight der
ricks constructed on the field
with five in full operation pre-
senting a busy scene, and within
the next forty days it IS mo"e
than probable there will be sew
eral paying wells brought in by
the companies now operating. The
New Iberia Company is buSiiy en-
gagged putting down two wells.
one or the Bolliver tract and the
other on what is known as the
Ledet lands in the same vicinity.
II. C.. Staiti's interests are putting
down two. one on the land OF Mr..
w. C.. Bernard and one on the
Pharr and Bussey tract. Mr.
Hency, an Independent oil opera
tor is drilling on the Grenlella
property and the Gulf sydicate
is now at work on Schwing No. 2,
this is the land owned jointly by
Mr.. John Schwing and DR.. }. a.
Goodwin.
Other companies have contract
ed to set down wells on lands
near Loreauville and from what
we can learn, since parafin IN
abundance has been found on
land bordering our Spanish Lake,
several parties have obligated
themselves to put down test wells
in that region.
Driller Boutte this week closed
a contract to drill on the Noorhi>s
land owned by the Enterprise Oil
Company just as soon as their
rigging reaches New iberia. At
the last meeting, the board Of dl-
rectors Of this Company decided
to. make an investment in a brand
new rigging, and every piece of
machinery will be specially
adapted for Ne use to which it
will be put. This was wise on
the part of TIE board despite the
cost of the rigging, because as
a rule second hand machinery is
very unsatisfactory. The active
members of this corporation feel
sanguine that they will get oil in
paying quantities before the
drills reach fifteen hundred feet,
if indications amount to anything.
At the spot where they intend to
set this derrick oil is actually
oozing out of the ground, in fact
this condition has been predom-
inant for many years, and why
company was not organized years
ago, we cannot understand. On
Tuesday small vial of the oil
which was mixed with water was
gathered and placed on exhibition
at the Landry restaurant to show
those who had not taken the trou-
bic to visit the spot. just what evi-
dence of proof there was that the
oil was there and we would adj
wise those who have there doubts
about it to go there and see for
themselves the showing of oil and
gas that is there continuously.
Within the next twenty days ev-
erythine should he ready to make
start by this Company, and we
hopeful that it will be
ought to the surface in paying
urantities to- the satisfaction of
those who put up their money for
the organization Of a company.