Weekly journal-miner., 1919-05-14

! producing wells of large low situated
 hardly beyond stones throw in al
 most every direction from them The
 drilling of Burkley No. l at a depth
 of 1000 feet was proceeding smooth ly. with like conditions prevailing
 with the operations on Aritex,
 Rurk- Bethel No. l. situated q few
 rods to the south, then drilling at
 about 500 feet. Judging from the locations of Burl,lay No. ? and Ari-
 tex No. 5, 1 have every reason to believe that those wells will be pro
 ducers in large quantities. Being fully satisfied with conditions here, 1 l proceeded due west about one mile to .Aritcx, Burli-Bethel No. ?. where
 I found the derrick just finished and
 the rig moving on After thorough
 examination Of the surroundings
 situation, including an inspection ot the Golden Cycle gusher on the block adjoining, together with :hc i Ilidf1eld and Summit which have al ready reached the oil sands on this same 40 acre block, where indica- tions are present for big production from the two last named wells, l in spected the United which came in
 on the same block a short distance
 to the north of Aritex. Burk- Bethel No. ?, another big gusher. l found
 this location of the Aritex Oil Com pany practically surrounded by wells that are all flowing large production, especially on the north, east, and northwest. About l-3 of mile west l reached Burkley No. 2 which was
 then drilling close to 1850 feet and everything proceeding with the ut
 most precision and care Here l found that everyone from the .su- perintcndent down to the last drill CT on the job. thoroughly convinced
 that they were going to strike q well and this within the course of a few days time at the most. On this same 40 acre block and a short dis
 tance north lies the acre holding of Aritcx, known as BurkBethel No. 2,
 and practically surrounded by gush- ! CTS and wells flowing large produc- ton. Furthermore in this locality
 there were several other wells then
 actually drilling through the oil sands,
 with oil showing and every other in
 iication at hand for large produc- tions. My inspection of this north
 westerly section of the Burkburnett i field bears out even the widest re- ports that have been circulated re-
 qarding the wonderful increased production of oil in this vacinity.
 I found all of the BurIley and
 Aritex holdings situated right in the center of all this activity, and I do
 not see how they can but help strike
 oil in large quantities The Burk- ! Waggoner, "Wonder Wcll' of the Burl,burnett field, Is flowing on the next block adjoining Burkley No. ?
 and Aritex No. 3. This well and lease was sold for $2O00,9Q000 on
 the day I visited the field. The de tails of this transaction serve as a graphic Illustration of the uanner in which millions change hands on but Q few hours notice Sometimes mo mcnts are sufficient to record trans actions that for magnitude of the same involved are almost staggering to the average mind. The Burk Waegoner well and lease purchased by the we'll known Barouch interests, in which Barney Barouch, the New York multi-millionaire capitalist and lis brother, a physician, acquired these holdings in quick transaction that was consummated ovec the long distance telephone between Burk bur
 nett and New York; even the tele- graph being too slow. S500,G2000 was required as the first payment and to be paid within the hour with not sui ficient time remaining for even rele- graphic transmission of this enorm- ous sum of cash money. The matter was nurriedly arranged through a New York banker who happened to be in the vacinity and who was reach
 ed on the Texas end of the telephone for the purpose of covering the de posit of this amount of cash in Texas and the deal was closed in record breaking time with an expenditure of the paltry sum of $60OO for tele- phone tolls alone.
 GID SILVER FIELD
 Tc DECTNINTTNTH TO