The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-03-30
WEEKLY REVIEW
OF TEXAS HIGH
GRAVITY FIELDS

'piltl 'lltN mum Btllfl III llNtlhNA'ii w.
that local agents do not get into rows
of this kind any more without the
concurrence OF their superiors Such
sharp decentralization in retail gasoline
prices in any general territory like the
Mississippi will have a great tendency
to demorali2e prices elsewhere, and in
the end TO demoraliZe the crude oil
markte for refined products. II is
stated that the Gulf Refining Cor-
poration especially rs a matter Of pol
icy, has always avoided rather than
encouraged open hospitality with its
competitors, and that whenever the
Gulf Oil Corporation apparently gets
into difficulties Of this kind, it is usual
ly forerunner of change in general
conditions.
The Gulf Oil Corporation, through its
Texas subsidiary, the Gulf Pipe Line
Company, initiated the last % cent cut
in coastal crude.
The big companies undoubtedly look
with some alarm at the wild boom in
the oil industry. and may think the
| best interests OF the industry, from
| their view point demand some radical
suppression of the tendency toward
an orgy of speculation and that the
best remedy would be lower prices for
awhile.
The above at any rate reflects the
opinion Of a number Of independent
Texas oil men with whom The subject
has been discussed in the last two
or three days.
Officials of large companies with
headquarters at Dallas and TT. Worth
! do not take this view. The Mississippi
valley situation, i'm their opinion, is
purely local, and should have no effect
on the general petroleum situation
The Week in Eastland County
The general situation i'm the Ranger
pool is now as follows: Dry holes and
light wells seem 10 be the rule in the
immediate vicinity of the Ranger town
site, on the eastern edge Of the pool.
The northern extension is getting only
light wells recently, and one or two dry
holes thrust their way pretty far into
production limits. The southern end
of the pool has turned out some pretty
good wells recently. but the southeast
ern edge has got nothing worth while.
The interior Of the pool furnished five
or six wells in the last week, ranging
from 500 TO 1000 barrels. The western
edge of the pool has become enormously
important, and has lost none of that
| Importance in the iasl two weeks. al.
| though no wells have recently been
completed in this part of the pool.
The Texas Pacific Coal X oil Com.
pany's Norwood is holding its heavy
flow unusually well, now being esti-
| mated at 800 barrels. The same
company recently deepcned its No. ],
j. +. Butler, which is about a mile and
half northeast of the Norwood. in
the western edge Of the pool, when the
advanced western wells Norwood, Con.
nellee Roper, and Harris. are not con
sidered. The Butler increased its out
put from about 1900 barrels to 1900
barrels.
The Magnolia Petroleum Company
today is preparing to deepen its No. !,
900 barrels and more than two months
old
Approximately 140 wells were pro.
ducing "a 500 barrels i'm the Ranger
pool yesterday. The Texas Pacific Coal
4 Oil Company has 43 wells producing
20, 200 barrels; Prairie Oil 4 Gas Com.
pany. % wells producing 149OO; Jno
II. Markham Jr. and the Tidel Oil
Company, wells producing 1900 bar
rels; Magnolia Petroleum Company, 8
wells producing $500 barrels; Gulf
Production Company, s wells producing
1850 barrels; Texas Company, 3 wells
producing 500 barrels Humble Oil <
Refining Company, . wells producing
$50 barrels, MidKansas Oil & Gas Co.
. wells, zoo barrels OF the miscel.
laneous individuals and small concerns,
Warren Wagner has approximately
1900 barrels from three wells Hamon
and Westheimer have three wells max
ing approximately 23OO barrels, includ-
ing one brand new well
Best Of the older wells in the pool
today are now making oil as follows:
Texas Pacific Coal & Oil Company No
/, Norwood, $500 barrels; Prairie Oil
n Gas Company, No. /, Roper, $3.50
barrels; Texas Pacific Coal & Oil Com
pany No. /, Butler 26OO barrels; Mag
uolia Petroleum Company 10. /, Con
| rellee. 25O0 barrels; Prairie oil x Gas
Company No /, Terrell. POO barrels
Jno ~. Markham, Jr., and Tidal Oil
7 Company No. 5, Copeland, 2SOO bar.
, pany No, I. w. l.. McClerIy least of
Ranger - mile 1900 barrels; Prairie
, OH Gas Company No. I, A. y, Myers,
/ 1900 barrels, Magnolia Petroleum Com
/ pany No !, y. T.. Harris, 1900 barrels.
Recent Competitions at Ranger
Two miles north of the Ranger pool
as it stood two weeks ago and just
over the line in Stephens county, is a
group OF four new wells as follows:
Gladstone Oil \ Refining Company,
No. /, Stephenson 2OO barrels, uncom.
pleted. The Sinclair Gulf Company
No. /, Wells, showing for 200 barrels,
in top OF sand. Brazos Oil Company,
No. /, Massenburg, $50 barrels, in top
of sand. Superior oil 4 Gas Company
No. L. Hagman, $50 barrels, in TOP
of sand.
This group Of wells located as it is
about half way between the northern
end of the Ranger and the Sudderth
and Neale wells, in the Lacass pool OF
stephens county, indicate that the