Arizona republican., 1919-04-05

TOW supposed to be flowing constantly at the rate of about 15,0o0 barrels per day. As the oil is about 42 gravity, worth about SIPS per barrel at the we'll It IS easy to figure that the production or tnls well Is worth about Sl ,000 900 per month.
 Hear Gas Mile Away
 Tn short distance from the Nor wood IS the Connellee which was com- ing In at the time I visited it. One could near the roar of the escaping gas coming from this well while yet a mile away from it. Tie gas comes out in the form of a yellowish white cloud when drips oil like a fog cloud drips rain. l understand that $5,O0O was bid for -52 part of IS royalty of this well. Royalty on the Norwood tract with only thls one well down is selling on basis of s2,OO0,000 for 1s interest, or over Sz5,OOO,000 total valuation.
 "A snort distance south of this Con- nellee well Is the Harvey lease owned by Kemp and Kell of Wichita Falls, Mir. hel being a brother -in-law Of Senator Hughes of Bisbee, Ariona Two hundred feet south of this well is the Harris Number One which came in with 5,00O barrels on March F. This company will drill deeper for larger production. About a quarter of mile south of this, right at the railroad track is the Humble Oil company's Scott i well, which when 1 was there, was i down only to the first sand, about ,500 1 feet, but 9il was running out of the top of the inner casing.
 "Across the track, about 150 feet over from this we'll is the Dick Wick Hall lease which Hall bought before the l NorWood came in. It happened that his first payment was due the very day l the Norwood came in, and before his payment was made, he refused $50,000 in cash for the lease. This certainly is a very valuable piece of land.
 Development Just Begun
 Just northwest of Ranger, in Ste phens county, the Carey well came in recently with a very large production which they have ''pinched down te 16,000 barrels a day. They were afraid to stop it entirely pending the erection of pipe line and storage facilities, and | in consequence there is an immense lake of oil surrounding it.
 Tt would seem from my observation at least, and my opinion is backed by officers of the large producing com panleS with whom l have talked, tha1 the developments in this West Texa. field, in spite of the marvellous recen results achieved there, are just com. mencing. Large companies, such as tht Standard Oil, Texas Oil. Magnolia, Gull Production company and others, ar, heavily interested in these fields ant are acquiring leases daily. I have beer informed that the Humble Oil com pany, which had modest beginning recently increased their capital stool s4000,000 and sold this increase to tn Standard Oil company for s75,000, 000 The Marine company sold it's holding for S3,50O, ,0O0
 Wealth in Small Companies
 Tt is history that many small com panies have made conservative inves tors very wealthy. The little McManl Oil company sold out its interests t the Magnolia Petroleum for $5, ,000, ,00( The 1914 oil company, which starte, with 100 acres and paid dividends fo two years, also sold out to the Magno lia people and realized enough to pa $5S, 900 on each S100 of outstandin stock. When the oil boom first struc