New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1919-07-18
DRILLS NOW GOING
DOWN AFTER THE OIL


abated very materially, no one needs
become pessimistic and think that
the interest in exploring for oil is
gradually passing. The State Record
gathers much inside information
from active oil men that have busi-
ness at the Capitol and from pri-
vate reports received from time to
time. More we'll organized and
heavily financed interests are actual
ly getting ready for thorough tests
by deep drilling than at any time
heretofore.
The State Record is not at liberty
to make public at this time some of
the recent Developments. But it is
apparant that more reliable and
wealthy outside interests have re-
Gently investigated several locations
and are satisfied that these are
worth testing. These men are not
spectators that expect to sell stock
or make an immediate profit from
trading in leases or placer locations.
They want to find commercial oil
They are therefore not inviting pub
licity.
The State Record is still strongly
in favor OF statewide oil as
sociation, because an association can
further attract capital to New Mex
leo for testing out promising oil in
dications. The oil lies deep accord
ing to the best authorities and locat-
ing il is only possible through actual
deep drilling tests. This requires
much capital in the hands of men
who have the courage to spend their
money in search of oil.
At the present time the east part
of the state is receiving the most
serious attention by outside capital
The press bulletin, recently sent out
by the u. 5. Geological Survey, in
regard to the geology OF east central
New Mexico has stimulated interest
in this section. The recent report
of finding oil in Union County re
ceived more than passing notice in
oil circles. The report has been not
denied or verified.
1t will not be long before other
drills will be at work in Union Coun-
ty. The McGee well near Tucumcari
in Quay County is progressing,
though drilling has been delayed by
caving until mere casing arrives. The
rig at Rama will soon be at work,
Other rigs are likely to be set up as
rapidly as locations are agreed upon
in Quay County.
The drill recently located in De
Baca County between La Lande and
Taiban is already at work. The rig
for the first well in the Portales
hoe ,I a.
busy erecting the derrick. Drilling
is expected to begin soon. At Kenna
progress is being made in getting
the rig to work.
No new development is reported
from the Pecos valley. Over in the
Tularosa basin there continues to be
reports of many rigs going in, but
actual drilling remains to be started.
In Luna county things are moving
along for further tests. AT Stems the
derrick of the Deming Oil, Gas, and
Development Company will soon be
replaced and drilling started in
earnest.
In Socorro, Valencia, and McKin-
ley counties Investigations are NOV
ing forward The Seven Lakes dis
trict in Mckinley County is attract
ing much attention. In San Juan
County the company that succeeds
the Mesa Verde at Flora Vista are
getting ready to drill new we'll A
rig is expected by the company at
Ration at an early day.
The Toltec Company according to
report received yesterday is drilling
successfully near Lamy in Santa Fe !
County. The Gypsy Company near
Dilia is also making good progress.
In the Panhandle of Texas there is
much activity. A number of new
rigs are at work. This district has
much the same formation as eastern
New Mexico. Amarillo capitalists |
are therefore dividing their attention
between New Mexico and Texas.
One of the latest rigs in the PAN
handle is located in the bottom of
Palo Duro canyon to the southwest
of Amarillo.
In the Pecos Valley OF Texas there
is general activity extending over
Loving, Reeves, Ward and Pecos
counties. In the Hueco Basin one
rig is ready to be set up.
In fact there never was such gen.
eneral activity as now in exploring
for oil in New Mexico and adjoining
territory by men who are actually
looking for commercial
New Oil Companies.
-Tularosa Oilfields Corporation of
klamogordo. ], H. Hogan is the
statutory agent. Incorporators E.
F. Beck and G. V. Hoopengarner of
Los Angeles. T. X. Muir of Santa
Monica, and Carney f. Ward Sr,
Capital S250,OO0O.
Eddy County Oil and Gas Co, This
is a Kansas. Corporation organized
largely by FL Dorado people. The
New Mexico office is at Artesia with
r. c. Knoedler as statutory agent
The capital stock is 100000 of
which sl6OOO0 is paid up.
Pan-Zarata Oil and Gas Co. of Ala
mogordo. An office is also maintain
ed in FL Paso. This company is
organized by Ell Paso people. The
capital stock is S1O0,000O0 o. F.
Walton is statutory agent at Ala
Oklahoma Oil and Gas Company
OF Albuquerque. T. T. Chase is the
statutory agent. Incorporators: Os-
car o. Campbell, ]. A. Reidy. E. L.
Coriell. z. T. Chase. and R. III. Hanna
of Albuquerque. Capital stock 500
ooOlO.
National Petroleum Company of
Albuquerque. 1ncorporators: J. Odd
w. c. Hoover, L. H. Mere
dit. R R Fisk. and w. c. Oestreich
Ill ~ Afk.rz,11 C.1,&1f et4rI J