Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1919-02-18

ufinN Mtltn tbllNittIllE thNlh''
conditions ns MIR, Cnppcau IL
doubtless right hut nj this par
ticulnr stngc of the game, there
has been no price cutting aud only
few premiums have been cltmi.
mated The independent rcfincrs
have taken care of the situation
both AT Bur.burnctt and Ranger,
aud In Oklahoma there II no sur
plus anywhere.
MIR. tnppcAu's letter II inter
cstinE ns showing ns II does Tint
after all. with nIl his Wide rNpcr-
icnCcS. hc can scarcely predict
with any degree of certainty Just
whnt H. likely To happen In Texas.
His letter follows:
Pittsburgh Finnnclcr Comments on
Texas on Fields
ny PRENTISs r MOORED
DALLAS. Texas. Feb l7.r-loo
Cappcuu. Of Pittsburgh, Pa. whose
brokerage firm IN that city IN known
throughout the oil world. has been
In Texas for several dhys. leaving
Dallas for Pittsburgh today Mr.
Cnppoau's Judgment OF oil folds md
properties IL held In such esteem
that he Ii frequently called into i'm
portnnt negotiations as an expert on
conditions and values In the oil In
dustry For this reason his com.
.nents on tho north and north cen
trnl Texas fields are unusually i'm
portnnL
"ThS7 Ranger deep sands" sayp
Mr. Cappcau. "will afford room for,
a vast amount OF works for an un-
usually long time Az the territory
ls now outlined. Il will probably ne
years before its possibilities are fully
tested, but the production or the
district In not as large now M II was
thought six months ago would he
the case The deep sands territory
is spotted. which has9a tendency to
cause slow development, as produc-
ers prefer. IN territories whore holes
are so expensive, TO feel their way
gradually from producing well to
producing well rather than start
number of wells around a new pro-
tucer Other cnuses have combined
10 cause slow development. such ~
the local railroad congestion, and
also the unusually pad roads In the
oil territory. as we'll ns the general
inaecesslblllty OF tho deep sands ter.
Htory There seems TO be no I'm
mediate prospect for relief from the
railroad situation The roads Into
tho oil fields may improve with dty
weather. but az dry weather comes
the operators will have to face y
new drawback IL. the scarcity
OF drilling water, From all that !
can learn, there IN no particular roa-
son to hope that the coming OF sum-
mer will have any great tendency Ia
increase operations. on account ok
the scarcite OF water In that part OF
Texas,
THE Rurkburnett -oot has also
disappointed expectations, In the
contrary manner because Burkhur-
nett In showing nm extent Qf terri
tory, a good sands condition, and Is
holding It's production In q manner
that Il surprising all old operators.
we must still consider Burkburnet
an ephemeral proposition, whose, de-
clines Will probably be as rapid as
ltH growth. hut where n district has
already 80 far exceeded all hopes
and has broken so many rules of
the business. there IL no rule which
can be applied positively 10 deter
mine It's future
The OUTPUT OF crude from tho
deep .s4rnds district and In the Rurk-
burnett pool combined In now l00,-
900 barrels daily moro than tllr
crude oil production In the same tet-
ritory IL months ago. This produc-
ton viii probably Increase for
while. NV own opinion Is that there
viii soon he peak point IN the out
nut OF the two territories after
which production will decline for
while because personally expect
Burkburuett soon 10 begin declining
The decline AT Burkhuru"tt viii
probably be morN rapid than tho in
crease in the deep sands around
Ranger Ranger may moro than
make up Tor this later
There seems considerable differ
ence OF opinion as iu the stamina ~
the deep wells. Some or the Wrlls,
isolated ana with nothing else draw
Ing from their Immediate territory,
,sRQw sHCh decrease in production
that an observer would ho warranted
In feeling that tho entire district viii
follow the precedent ut the Isolated
ana earlier wells. and after a certain
time the new production ~ tho now
wells will hc more or less offset by
the decline of the old wells and uu-
der ordiNary COnditcsla one would
be warranted IN thinking this might
occur at no late date, but the Ranger
deCp sands, because of their terrii0r
rial extent, are not to be- limited hy
the rules which govern pools. The
Ranger deep sludH ~ a great fold
OF many pools which may connect
up In the end, moro or less. and Zoe.
cause OF its spotted coud tiou may
contain extremely rich and pruliu,
bpoIs. II would not take many wells
such as tho praIrie's gushers ON the
Emma Terrell aud the Roper farms
and tho NaEnolil's we'll on tho Con
nellee fHrm--all on the western edge
OF the Ranger pool--to add enorm.
ously 10 the Ranger output Burk
burnett is pool, and we may soor
expect an early decline at Nurk
burnett: but Ranger is TERRITORY
which can he compared only 10 grca
districts such as those In oklahoma
and Kansas extending over counties
and we cannot Judge the future o
this territory by the present indica'
tions OF any OF the pools within IT,
AS to tho crude oil market, | dC
not think that the present output o
the north ana north central TcNa'
% IL sufflclent 10 disturb the market