The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-03-17

having his hands full installing rigs.
That this field is going to be a rec
crd-breaker is evidently believed by
the Prairie Oil & Gas Company,
which company, counting what it is
paying for the T. & p. Company's
interests, and considering the cost
OF the pipe line from Gushing to
Ranger, and the many steel tanks
being installed, is spending a total
OF something like twenty million
dollars. This is the first time the
Prairie has become active south of
north Oklahoma as heretofore it
has never even had production south
of the Canadian river. Other Okla
homa pipeline companies are get
ting into that country very strong.
The last to show activity in that
territory is the Sinclair Oil and Gas
Company, which is opening offices
at Mineral Wells. The Twin State
Oil Company has had geologiSts at
work in north Texas for 4 month,
and it is reported that they are
spend as much as half a million dol
lare for wildcat acreage alone.
The whole strip of country where
the Pennsylvania outcrops, and
which extends from Colorado River
on the south to the Red River on
the north, and embraces 4 strip
from so to 100 miles wide, is con-
sidered likely looking oil territory.
Ever since the Ranger strike this
whole territory has had a corps Of
geologists of all the leading oil COM
ranies at work looking out for pos
Sible structures and the whole ter
ritory is being generally leased.
! What all the oil companies are now
doing the r. & p. Coal Company,
the Empire people and others have
been doing for several years; name
| ", locating structures and blocking
them up preparatory to tests.
It is remarkable that most OF the
deep tests drilled anywhere in north
Texas in the last year have struck
oil. The first producer was the
| Chestnut we'll near Mineral Wells,
drilled by the Empire Company,
which at 4,20O feet had several mil
lion feet of gas under a rock pres
sure OF over l,500 pounds, and this
so rich as to yield several barrels of
lcw-grade gasoline daily. Last sum-
mer the Magnolia Petroleum Com
pany, north of Coleman. in the cen
ter OF an S0,000-acre ranch, drilled
in a producer at 5,400 feet that is
doing from so to 100 barrels of light
oil. Next came the big we'll at Ran
ger last fall, which set the woods on
fire. and convinced oil men generally
that north Texas was about to fur
nish the next big pool of oil. Then
came the extension of the Ranger
field one mile and one-half to the
north by the Walker gas well turn
ing TO oil; then came the bringing
in Of a good oil well six miles north
OF Ranger, followed by the two adj
ditional producers just brought in
In Coleman county, eight mile;
northeast Of the Magnolia well, the
well on the Gray ranch came in al
50 to 100 barrels at $500 feet. Witt
all these facts taken into considera,
ton, it is not strange that many OF
men firmly beleev that north TeXa.
will, in the course of time, produce
rs much oil as has ever been pro.
duced blythe north Oklahoma fields
1t isto be regretted that ArdmorC
does not have more direct railroad
facilities with this new territory
| Were it not that on account of the
war railroad materials are hard tC
procure, it is very likely that a move
n'cnt would be set on foot by the
local capitalists to build a railroad
southwest from Ardmore, PASSING
through Wichita Falls and splitting
north and south this new wonderful
oil territory.
iIcaldton producers may fear that
with the flood OF oil coming upOr
the market that many oil men be
lievc will be the result Of the devcl
opmcnt campaign now taking place
IN north Texas, lIealdton will agar
face n cut in the market. They mus
not forget, however> that all of thi
new oil is high in gasoline content
and that after refining, PRACTICAL!
no incl oil is left. One of the re
suits of the war has been to empha
size the cheapness and practicable
ity Of oil for fuel as compared witt
coal. with the result that fuel OF
today is in greater demand than a
any time in the history of the OF
business. For that reason Heald
ton OIL with its high fuel content
will be in strong demand for an in
definite time to come.
The Hassett Refining Compan,
has been organized with a capita
stock of $5,000,000 and a charte
will be taken out under the laws o
the state of Delaware. The com
pany was named for w. B. Hassett
who is general manager OF the In
ternational-Ardmore refining diyi
sion OF the Ohio Cities Gas Com
pany, one of the most able refner
in the state. He built the Ardmor
refinery and put it on the road t.
success. He will be treasurer an,
general manager of the new com
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