Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-05-19
OSAGE OIL LAND
IS BOUGHT HIGH
Million and Quarter Dollars
Changed Hands at
PaWhuska.
$4,000 HIGHEST AMOUNT
Texas Company Gets Section
of Mystery Well" at
Record Mark.
ALL BIDDING IS SPIRITED
Texas and Carter Companies
Enter Into Buying
With Vim.

Out under the elms which
gurround the Usage building
at Pawhusta. approximately
s1.25o.OOO changed hands at
the sale of Usage oil lands
yesterday. Tho individual bids, while
not reaching the high-water mark
attained at previous sales, were still
satisfactory to the Indian agent, and
the average price per acre-in the
neighborhood of $27--was high.
The highest price, $4,000, paid
by tho Texas Company for the
southeast quarter of section 33-22-
10, was said to have had its impetus
from a mystery well" offsetung the
quarter and owned by the Winona
OIL company and John II. Markham,
ir. This well is flowing at l20 bar
fels a day and is~said to have great
possibilities. There was spirited
bidding on this piece by the Winona
representative, the Texas Company
and by Carl Dresser Of Bradford.
Carter Makes High Bid.
The highest initial bid Of 5000
was offered by tho Carter on com
many for the T. beast quarter OF
section 5-22-12 aid finally bought
by that company for $4,000. The
Carter company bought several other
pieces in the same region at medium
fancy prices.
An~sng the tracts which brought
the ,hish-eC prices was tract 20 IN
the northwest" quarter of 29-25-S
bid I'm by the Redbauk OIL company
OF Denver for $4,000 and rendered
desirable on account of its proximity
to Usage Hominy productions: the
southwest quarter of 10-24-S bid in
by Homer r. Lamb of Denver for
$4,000 This quarter is Just north
of good production in 35-So-z
owned bv Foster and Davis; Tract
No. IL in the northwest quarter OF
S6-22-S. which is close to g26d pro,
duction belonging to Gunsoerg ana
Foreman was bid in by the Monitor
on & Gas company 70 f9r ooo SSoiTvo' for the m
southeast quarter of 22-24-s.
Spirited bidding Shown.
Echoes of the November sale was
heard in spirited bidding of the
Texas and Carter companies for
tracts 30 and 33 both in 26-24-S-
acreage close to the s227.000 pur-
chase Of the GYPSY company at the
last sale. The Texas company pur-
chased the northeast of 26-24-S for
in the northwest quarter for S73,-
500.
The Gypsy company captured the
southeast of 16-2l-l0 which is close
TO some very good production which
they own to the west of it. They
paid $4,000 for the tract.
The Gypsy paid $4,000 for the
southwest of 5-24-10 and the Texas
company paid $4,000 for the north
west of S-24-10. Both OF these quar-
ters are offset by the W. NJ. Graham
well in s-24-10.
Tracts 233. 23f and 835 brought
fancy prices because they are close
70 shallow production owned bv the
Finance oil company southwest of
AVant. The southeast of 32-23-11
was bid in by the Titus oil company
for S2l,500; theosouthwest of 33-23-
II brought $4,000 from the Red
bank on company Of Denver and the
southeast Of 33-23-11 was brought bv
the Kewanee oil and Gas company,
or Tulsa for S3l 1900.
FROM these fancy prcies the bids
graded down to S3o0-the minimum
bid accepted by the auctioneer.
A full list OF bids and bidders will
be published in tomorrow's World.