New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1919-06-06
EXPLORATION
FOR OIL IS NOW
SPEEDING UP
MORE NEW COMPANIES
READY FOR OPERATIONS.
QUAY COUNTY LEADS.
NEW COMPANIES STILL
BEING ORGANIZED

Good progress is being made TO
test out New Mexico oil prospects
with the drill. More companies are
getting shaped up to begin opera
tions. But the setting up of rigs
has not yet become general or on
a, large a scale as is necessary to
test out the oil prospects in the
state thoroughly.
1t will require a much larger
amount of capital than is yet in sight
to finish the job right. 1t needs
to be again emphasized that oil is
present in many counties. Recent
examinations made by geologists
have fully confirmed what former
Investigations developed. 1t remains
to select drilling sites and interest
capital to drill the test holes.
The plains country in the eastern
part Of the state is showing satis-
factory progress in shaping up for
actual operations. Quay county real
ly leads 10 getting new companies
to work. The Amarillo. Texas center
is very active throughout the Pam
handle and into New Mexico. II
would appear that indications show
that the formation OF the Oklahoma
and Burk-Burnett field in Texas
continues westward on both sides OF
the Canadian river. The well sunk
north of Amarillo last fall developed
gas at seventeen hundred feet. Gas
was again struck at 1900 feet, more
at 2.l00 fee, and still more at $500
feet. This strike of gas and also
splendid Indications of oil confirmed
the views of the geologists that the
formation is oil and gas bearing.
Tho Texas University has been
studyNg the formation in the PAN
handle and west Texas for years and
tho data collected by the University
has been very helpful to more re-
cent investigators searching for oil
There promises to be much drilling
IN the Panhandle and the earliest
Will Wll be ssnk near the New Mex
i0b line in Quay county. These same
interests are eonIiAg across the line
in the neighborhood of Glenrio As
these Amarillo people and their as
sociates are wealthy, the operations
will be carried out to finish.
sThe McGce rig is up and ready for
business east of Tucumcari near Les
bia Those who have seen the rig
say that everything is first class and
that the rig Is built for a deep test.
This Is the first new rig to go into
New Mexico since the present gen
eral activity got under way.
The Reid rig at Rama north Of
Gtenrio Is going up. There is every
isdication that a deep test will be
made there. Mr.. Reid and his as
sociates are strong financially and
willing to spend their money in
search of oil The location. say
those we'll Informed on this district,
is very promising.
At Glenrio things look favorable
for an early deep test. At Endee
things look promising. At San Jon
block of leases has been offered
drillers who think we'll of the loca-
t,on. Up in Union County material
is going to location near Bueye-
ros. Drilling is proceeding in the
north end OF Union on the Omar
ron. Operations are also going for
ward on the, Bell ranch, though lit
tie Is known as to what is doing
there. There are other projects un-
der way in this section.
Extending westward through G1ia-
dalupe and Torrance counties there
is increasing interest. Some of the
best informed men in the state have
been acquiring holdings in this dis
trict. They are watching the pro-
gress' of the Gypsy Oil Company
scar Diiis aud the Toltec Oil Com
Fany near Lamy in Santa Fe County.
They find the formation promising
and that some day the real oil will
be found through this belt eastward
INTO Texas
South of Quay County things have
livened up due largely to the ac-
tivhy in the Panhandle and Quay
County. At Clovis companies are
shaping up to begin operation some
distance north. Over in De Baca
county q rig has arrived at Taiban.
The people there were badly fooled
last year when they thought actual
operations were in sight. A bluff
at q derrick drills no hole.
Roosevelt county may have q rig
at work between Kenna and Elida.
The derrick is going up and the ma
chinery Is to arrive. There has been
so much talk for so long a period
about the possible well to be drilled
near Kenna the people are not over
optimistic till they see actual oper-
ations begin. At Portales the Ok
lahoma company has been handed a
block Of 5000 acres of land on a
partnership basis. Investigations are
nearly completed of the land and
location for a well about decided
upon. The local men back of this
movement are public spirited and in
earnest to have a test made.
Down in the Pecos Valley the
Roswell people are finishing up a
detailed Investigation of their hold
ings and much territory in Chaves,
Eddy, Lincoln, De Baca counties.
Several aHtielines have been posi-
lively located in the district. II re-
mains to be settled where the first
well shall be drilled.
In Lea county progress is reported
by the company that plans work in
the Ranger Lake country. Others
are scouting over the plains on both
sides Of the state line and from re-
ports things must look good. Geo.
logically this county is part of the
plains that promises well for q fu-