The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-08-10
Walters correspondent in Okl;

nn
PRINCETON - :.42 Plymouth ---- 2.33
Walters correspondent in Okla
homan:
Completion OF the Magnolia pipe
line to the Parker wells within the
next two or three weeks VIII SET
the much speculation as TO the Ca
pacity of these wells. Conservative
operators believe they made a col
servative guess at 50 barrels on the
first one. Mr.. Parker has built ten
tanks on his leases of capacities
varying from $50 to 500 barrels. NO
$1,000 barrel tanks have been buiit
because OF the approach OF the pipe
line. :,
Parker is drilling a third gas well.
His wells on the Fink lease have
been completed to the sand and a
derrick is building on location IN
section 3O-l-l0. On forty acres OF
the Dickerson tract, in the north
east quarter of section 3l-l-lO, tor
which Parker is reported to have
paid $1,000, he is building supply
house and probably will build some
residences and other houses. "A
scarcity OF rig and other oil held
timbers here and in north Texas
caused Parker and Burkburnett OPP
orators to buy the entire available
supply at a local lumber yard this
week.
Near Sand at Devol.
Reports are at variance regarding
the Seamans and Riverdale wells on
the south side near Devol. One Is
that both have reached an oil sand.
These are in territory where prices
have been affected by Burkburnett
operations, severeal leases having
sold as high as $55 and $50 an acre
on structure similar TO that about
Burkburnett. The Riverdale well IS
about 1900 feet deep.
The McMan Oil company has
started a third we'll in section 4-I-lo,
the location being half a mile west
of its first and second wells, which
are estimated to be making 10 bar.
rels. These are to be connected
with the Magnolia pipe line no"
building into this field.
A new estimate on the capacity OF
the Gladstone well, in section 29-l-
lo. is seventy barrels. The well will
not be ready for the pump perman-
emily until the hole is completed
with standard tools. In the north
west quarter OF section 5-Z-lo, the
Gladstone found "A new sand at l.o/o
feet and the gas in it threw mud
over the derrick floor and covered
the pit with oil. 'The sand was cased
off and the hole now is Z, 100 teet.
Casing collapsed in the well OF the
Loyalty Oh and Gas company Ill
the northeast quarter OF section ~
2-l0, and the packer couldn't be
pulled. This hole was believed to be
in a productive sand. The rig VIII
be skidded and another well drilled.
Lawton, Evans and Littlejohn
were reported to have decided to
abandon the hole in section S4-5-lO'
where a deep test was started. Later
reports say that they will drill to at
least 5000 feet.
Prepare for Refinery.
President b. ). Coleman of the
Oklahoma State bank is watching
his interests in the Burkburnett
country. where recently he made a
stake out OF town lot and iarm tract
speculation. 4 late report from
Burkburnett tells of Doctor Guest
OF that place leasing 100 acres near
the town FOR $1,000 an acre.
Most OF the equipment for Install
ing the first l.0OO-barrel unit for the
Blue Ribbon Oil and Refining com
pany has been shipped. according to
local officials of the company. II
has secured approval OF the capital
issues committee at Kansas City and
plans to complete the refinery this
year.
The father of Law Woodliif, Sec
retary OF the Walter oil exchange,
died in Lawton this week.
The Penn kel-Nat Oil companys
well near Waurika is drilling at
about 1850 feet. in blue shale.
Eight-inch casing is being set as
drilling proceeds and the company IS
prepared to set 500 feet OF this il II
IS needed. Blue shale has been in
evidence for several hundred feet.
with a sand intervening occasional
ly.