The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1919-06-10
INTERESTING OIL NOTES
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No. we'll, recently drilled in by
the Owsley Oil & Gas Co., in which
Paris and Bourbon county capitalists
are largely interested, at a depth of
more than 1900 feet, which came in
flowing, will be "shot" in a few days.
Mr.. Fred Fister, of Paris, left Fri
day for Munday, Texas, in the inter-
est of Texas oil company in which
he has holdings. Mr.. Fister is very
optimistic regarding the prospects of
the company and reports the progress
Of sinking new we'll, which has
reached a depth of 2,400 feet.
The Elizabethtown News has the
following interesting oil note: IRE
liable information reaches here that
Hon. James NJ. Richardson, of Glas-
gov, bought the oil leases of $50
acres in Allen county for which he
paid $4,000 and the next day sold
the same for SIS, 900, making profit
of $4,000 in day.
A negro woman claims she is
pumping oil out of her water we'll
at her home in "Poynterville," a col
ored suburb of Winchester. Her story
has caused considerable excitement,
and a well-known colored porter con-
suited with his white friends on the
ACCESSIBILITY of organizing an oil
company to develop the prospect.
; Several wells are due in the COM
| ing week in the Airedale section of
Lee county. The Paris Oil & Gas
Company has about completed No.
| 3, Celia Kincaid, while the Frye
, Sweetster Company is expecting a
a nice producer in it's No. on the
E. King tract. In the same locality,
the Big Sinking Oil Company is drill
ing No. 2 on the Warden farm.
| Announcement is made that the
| Cumberland Pipe Line Company has
greatly extended its operations dur
ing the past two years, and is con-
sidering further extensions of Its
plant so as to keep up with the rapid
development of the field. It's lines
are now taking care of approximately
10000 barrels per day, from the pro-
ductive pools of Lee, Estill, Powell
and Wolfe counies.
Pipe line runs for the week ending
May 80 total 10S, 686.86 barrels. as
reported by the Cumberland Pipe
Line Company. OF this amount the
Big Sinking district of Lee county
supplied 68,S1931 barrels. Two sig
nificant features of the report are
the excellent showing made by the
He'll Greek district, the new pool be-
ing developed in Lee county, which
delivered 1,499.62 barrels, and the
falling off in the production of Ross
Creek, Estill county, which reports
only 2,296.50 barrels.
]. E. Weton, of Beattyville, will be
in Paris on Tuesday to close a con-
tract with the Lane Oil Company for
wells on their He'll Creek lease, as
as good wells are being reported from
this district. The Lane Company
expects to get their share of the big
producers. The issue of ten-cent
stock has been rapidly subscribed
and when outside points have been
heard from it is belived same is
away oversold This is going some
for a company organized only few
days ago.
The Parboken Oil Company, Of
Paris, brought in it's No. well on
the Kinkead lease in Lee county Sat-
urday. This is the best we'll on the
lease, and is considered by the drill
ers as a 150-barrel well flush. The
No. 4 we'll beat the No. well in on
account of fishing job on No. 3, but
the latter is expected in this week
and will in all probability be a bet
ter well than the No. 4. This COM
pany also expects to couple UP with
the pipe line it's No. 1 well on the
Jones lease. The Parboken now has
six producing wells and is in its in
fancy.
The property of the Rice Oil Com