The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1920-08-25
OIL NEWS.
TBY E. T. KEMPER


chinery, the j. E. Carnahan Oil Com
pany are again drilling on the Henry
Ingram farm, near town, and they
have reached a depth Of about 100
feet More than passins interest is
being manifested in this. operation,
and we trust there will be no more
delays in the work.
In letter OF recent date from Mr..
N. E Weldy, secretary and general
manager Of the McMead Oil Company,
who has been spending some time in
Cincinnati and other cities buying
supplies and looking after other mat
ters connected with the Company
states there are some big things in
store for the Company and he init
mates that all parties at interest
are very fortunate in owning a block
of the stock.
Mr.. Elmo Pearce, formerly Of Black.
we'll, Okla, has, within the past few
days, been receiving wires and letters
from prominent operators in the Tex
as and Oklahoma fields making dill
gent inquiry regarding the local situ-
alton, and they have indicated their
desire and intention to investigate
this field at the earliest possible date,
and if the territory looks good to
them they will arrange to start deyel-
opment work here at AN early date.
These are the kind Of people we need
in this section, for they will do much
towards making CHS and surrounding
counties what well-posted men in the
business predict it will prove to be,
one Of the greatest oil fields in the
country.
Mr. A. C. Phillips, Philadelphia, a
large operator who was here recently
for the first time, returned last week
for the purpose of closing deal with
local parties covering large acreage
in the southeastern part of Green
county, near the Adair county line.
Some 1900 acres were involved in the
transaction, and a satisfactory price
was realized, but the figures were not
made public 1t is understood that
certain PiUtsburg capitalists are in
terested in the deal and that they
contemplate extensive development of
the territory secured.
DR.. ]. W. Goggin, vice president
and general manager of the Beacon
Oil Syndicate, Chicago, who has been
doing the drilling for the Nc Mead Oil
Company, Greensboro, writes that he
has purchased and shipped additional
machinery to be used in drilling there
and that they will at once start on
Beacon well No. l, on Campbell Bros
farm. These people expect to figure
very conspicuously in the extensive
development work mapped out fol
that section, and the result Of theil
operations will be watched with much
interest.
MI Lilburn Phelps, president Nc
Mead Oil Company, was Saturday
visitor in town, and he was very opti
mistic in his talk regarding the future
of the Company. They will not put
down any more wells at present, but
will concentrate their efforts and ex
pense on the improvement Of the
property and in getting their product
on the market as soon as possible.
For the past year or more OPERATOR
from all over the country and oil mel
generally have been absolutely wild
over the Louisiana fields, and the Ken
lucky tieldshave not had the promi
hence they formerly enjoyed, but th'
tide is turning and many of the prom
ineht men in the business are nov
looking this way" and feel safe in
predicting that the day is not FAR dis
tant when our grand old common
wealth will come into its own in tn
production of crude oil. A good illus
tration of the turning Of the tide
is shown by a letter received here Fri
day last in which six drilling rigs ar
offered to be shipped at once fror
Louisiana, on contracts in the Ker
"a H. Al