El Paso herald. (El Paso, Tex.) 1901-1931, 1919-03-27
LETTER NO. 3
TO TIE PUBLIC:

TO TIE PUBLIC:
The Burkburnett Pool Is not only
one Of the most wonderful fields ever
discovered. but in some ways Il Is one
OF the most frsalzish fields known 70
OIL men. One Of the questions the op-
orators are asking themselves Is what
u the reason why = great many OF the
wells brought IN increase their pro-
duction a. they grow older. Some OF
the wells have been known 10 produce
twice as much oil a month from the
day they came IN as they did the first
day. Now from my observation OF the
situation. believe ss my individual
opinion that the OIL we are getting in
this pool is being drawn from q parent
pool. possibly several miles away.
Should this be the case and the parent
pool Is rich enough. We will be get
ting good production IN Burkburnstt
for a long time-howeTer this Is only
my private opinion and can't see into
the ground any deeper than you can
One thing I an certain Of Is that
there are very few fields producing
oil OF as high gravity or that con-
talna ss much Gasoline as this field
does. Tbs Pipe Line and Refining men
report this on 70 be 81 TO Al gravity
and to contain from SO per cent to Al
per cent OF Gasoline. and It is said
that the Pan-Americsn Refinery gets
a. high as IS per cent Gasoline from
tbs Oil by the Cracking Process. This
OIL certainly must be IN demand far
IN excess OF the supply as the buyers
now are paying 15o per barrel over
the market price. and Mr. ". ".
Lantz, representing Chas. F. Noble
Caslnghead Gas Plant here. informs
ne that this OIL viii bring $50 per
barrel bonus IN three months and SOC
bonus In six months. II this is the
case. We should be getting s2.75 per
barrel b. September, and instead OF
the LULU PEARL COMPANY getting
1Oe per barrel bonus for their oil. we
stand = very good chance Of getting
as high a. SOC per barrel
I know OF one Refinery in Kansas
that Is now contracting for 10000
TANK Aa-AH VI 44L4A4AD u JILL 70
be delivered this next year. This Is
about two million barrels. and as the
Pipe Lines in Texas are Common Car
riers and must run all OIL offered
them. there VIII be lively bidding for
this oil by the numerous Refineries
located here in wichita Falls and
Burkburnett There are several here
now in operation and many more be-
ing built. so all in all. the outlook
in this field Is mighty bright for a
good price for our crude oil for some
time to come.
Another feature that IS going TO
prove a big factor In this field IS the
Casinghead Gas Plants that are 10
Gated here. We have signed up with
the Chas. F. Noble Company and viii
get cents per thousand feet for our
Casinghead Gas. A this would other
wise escape and be an absolute loss.
We feel that this Will be velvet 10
our company. and making a eonser-
vative estimate, we should realize at
least $50 a month from this Item
not so very much, but It will go a
long way towards paying the pump
er's salary, etc.
Stnl another thing in favor Of the
Burk5urnstt Field is the semi-shaI-
low depth OF the oil sand. as we only
90 between 1900 and 400 feet for the
oil sand. which makes It possible to
make an enormous saving in fuel. In
pumping the wells at this depth, we
can pump nicely with an OIL Engine
or Electric Motor, and as the field is
IN the town, the current is brought
to your wells By eliminating a 50-H.
P. Boiler. the saving IN Fuel Oil alone
at $3.50 or SZ-75 per barrel, viii be
several thousand dollars a year, and
you know the old saying "a penny
saved is a penny earned" A little
saved here and there amounts up at
the end OF the month and makes II
possible TO pay bigger dividends. and
we want the LULU PEARL OIL co. 10
pay Just as BIG DIVIDENDS and as
OFTEN as possible, because we will
share in those dividends with the
other stockholders.
Tom J. Cannon.
President,
anHa