The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1919-05-29
MANY OIL COMPANIES
NOW BEING FORMED
TO DRILL IN STATE

The petroleum business has grown
to enormous proportions. In fact to-
day the oil industry heads the list
of American enterprises. The output
in March this year was 3O,4l2 QUO
barrels, an increase Of 2,00l 900 bar
rels over February. The average
daily production in March this year
was $4,000 barrels. There is "a mark
ed upward trend in production.
But the production is not keeping
pace with the increase in demand
for oil and there must be further
increase in production to keep in
dustries dependent on oil going. This
strong demand will keep the price
OF oil at an attractive figure to the
producer.
Under these conditions there is
naturally active search for new oil
fields and this accounts largely for
the growing interest in exploring the
promising prospects that are found
in so many different parts of New
Mexico. The explorations now get
ting under way in the state are
therefore carried on with energy and
determination to locate commercial oil.
The well informed oil men and
their geologists that have secuted
over the state, are fully convinced
that oil is present in commercial
quantities in many parts. But all in
dications are that it will require deep
drilling to locate it. But even il the
oil lies deep if present in commercial
quantities, that fact is not discourag-
ing to the dyed-in-the-w oil man.
The locating of commercial oil in
New Mexico will give the state a real
opportunity for growth and the devel-
opment of its many other latent natur-
al resources. 1t is therefore highly
important that operators with capital
be given the support of every loyal
citizen that exploration may be ex-
pedited. Reliable companies are al
ready in the field, preparing to begin
operations. BY fair treatment many
more may be induced to come to the
state and undertake exploration.
The past week shows increased ac-
tivity in oil circles and also tendency
to explore additional territory. AS
instances Of this tendency may be
named that western Socorro county
is getting closer attention and FL Paso
men are coming just across the line
into New Mexico to make test.
Some geologists have completed their
Investigations and are preparing their
reports. Other biologists have come
recently and are getting line on the
formation before making a detailed in
vestigation.
A number Of men have come to the
state to look the ground over and
judging from appearance they like
the looks of things and are looking
around for respectable blocks of land
mt reasonable figures. The reliable oil
man backs off when ne thinks that he
is being held up on prices.
More rigs have been contracted for
TO be shipped at the earliest time
possible. Some machinery is arriving
and going to the location for drilling.
Derricks are going up as rapidly as
possible. In this connection it needs
be noted that the rigs now going in
are the best that can be bought and
designed for deep drilling. The der
ricks are also built with care. This in
dicates that the men back of the opera
tions means real business and are not
spectators in leases or promoters to
sell oil stock.
Over in Quay County, on the Texas
side especially, things are moving with
more than usual speed. Amarillo is
much interested here. A location for
drilling ut Rama in section 25 town
ship l3 north range 35 east has been
selected and the contract for drilling
let. The rig will be in place very
shortly. 1t is reported that standard
rig will be used and the rig is of steel
Rama is some eighteen miles north of
Glenrio and the material is hauled
from there or Endee.
Another well will soon be sunk near
Glenrio and another may he started
by July ! near Endee. 1t is also
reported that two wells will he drilled
just across the line in Texas. So
Glenrio looks an oil center.
The work on the rig near Lesbia,
often called the Pound well, is pro-
crossing, though it has been more or
less delayed by slow arrival Of ma
terial. Actual drilling will soon be
under way on this we'll. The test in
Quay County should lie thorough as
reliable men with plenty of capital al e
back of the present operations, New
Mavicn Ctnta Racnrb