Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-06-02
OUTLOOK FOR OIL
IN TORRANCE IS
REPORTED BRIGHT
Montezuma Petroleum Conn.,
pany Of Albuquerque EX-
poets to Begin Drilling By
August, Says President

Is Torrance county destined to be-
come famous as an oil producing sec
ton Of the state and literally spout
gold into the pockets of the lessons.
/ lessees and stockholders?
( Biologists have predicted that New
/ Mexico is the coming great oil CEN
ter. ana certainly if there is oil in
I paying quantities underneath the sur
, face of the earth somebody is going
! to find il if it is within the reach Of
/ drilling machinery as there are many
companies already organized in va
rious parts of the state, and new con-
Germs are being organized daily
If oil is found in paying quantities
in Torrance county, the Montezuma
Petroleum company of this city, of
which p. y. Zettler is president and
DR.. H. NJ. Bowers secretary, will be
largely responsible. This concern, of
ficered and promoted by Albuquerque
citizens, was formed but short time
ago, but is already recognized as 4
strong organization and controls what
are regarded as some of the best
leases in the state
Immediately after the company was
incorporated its officers set about
studying reports of biologists and
ming where oll would most likely
be found in New Mevico. Naturally
government maps and reports We're
consulted and they showed that Tor
rance county was located in a posi-.
Bile field which extended from there in
a southeasterly direction, down
through the PecOs valley ana into
western Texas.
The MOnte2uma people were not
slow in following up the clew which
they had received ana succeeded in
getting leases on 2,34S acres of lana
short distance north Of Estancia ana
1,120 acres a few miles south of Will
lard. The surface indications show
strong evidence Of OIL and unless the
tip given by nature has been mis- =.
judged the MonteZuna company will
make several rich strikes possibly
outrivaling the Ranger and Burkbur-
nett fields in Texas. Drilling on the
company's land near EstanCia will be-
gin in August, President p. +. Hettler
announced yesterday.
The company, in addition to the
land in Torrance county, also controls
leases in other favorable localities In
New Mexico, amounting in all, to
200 acres
cOnfine it's operations to New MeXi- |
co exclusively, but went INTO PeCos, |
Terrell, WnFler and Crane counties, |
Texas. near the southern end of the !
strata shown on government maps !
as underlying Torrance county, and |
leased large tracts Of land No test |
wells have as yet heon sunk in Texas !
by The M1nte2uma, bat several are |
being put down by other concerns on |
tractS adjoining the MOntezuma's |
holdings and the Indications for str.k- I
ing oil at an early date were said to
be excellent.
Mr. Hettler and DR.. Bowers yes.
terday drove party of oil men out l
to the land which the company has /
leased in Torrance county. The WISH Il
tors all expressed the belief that drill Il
ing operations would BE- rewarded by Il
some Of the best wells ever brought 4
in. Il
Torrance county, by the way, is feel
ng rather chcsty over the attention
she is attracting from oil men. While
range conditions could not be better II
md crop prospects are all that could II
be desired, Torrance county, like 9TH
,r localities, has experienced some Il
can years. and an oil strike would Il
10 much to pave the way for the sta
li!ity of the County'S future