The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1920-01-06

ties in Kentucky have became the
scenes of active drilling with test
wells going down in many more.
Active drilling within twenty miles
of Lexington, in the heart of the
Blue Grass has been noted in Jessa-
mine county where a test well is
now being drilled. Eight thousand
acres of land have been leased in
Shelby county, thirty miles west Of
Fayette, for oil development, approx
imately thirty are rated as first class
oil-producing territories with the
best production found in Estill,
Powell, Jackson, Breathitt, Lee,
Wolfe, Morgan, Magofin, Johnson,
Lawrence, Floyd, Carter. Menifee.
Lincoln, Wayne, Allen, Warren.
Barren and Knox. @~''' az - =:
Wells Long Lived
Reports from the fields show the
wells in both the eastern and west.
ern pools of the State, unusually
shallow, many of them striking oil
at 500 feet, are long-lived with oil
production extending for years. The
! famous CamptOn wells in Wolfe
county drilled in II years ago are
still pumping. One we'll completed
in 1903 is still running barrels of
oil daily with indications of contin-
ued production. The whole Eastern
Kentucky field has been declared
favorably long-lived by expert geo.
logists.
The development of new fields in
Kentucky which are rapidly becom-
ing recognized as heavy producers
will feature activities for 1920. The
unprecedented increase in price of
of crude oils in 1919, due to de-
creased production from other fields
throughout the United States and to
the marked decrease of approx
mately 10000 barrels daily in Mex
lean production, will mean more eX-
ltensive drilling in the Kentucky
fields, famous for superior grade
of crude oil, known as the Som
crest which is ranking fourth in
high grade oils.
The recent increase Of Is cents a
barrel declared Monday, December
|22, by the oil markets, marked the
fourth increase in 1919, and will
mean an additional $250,000 in
crease in monthly returns to 1900
oil companies operating in Ken
lucky.
Thomas M. Owsley, manager OF
the Kentucky Oil Exchange, who
has made an extensive study Of the
oil development of Kentucky, said
the increase of crude oils will mean
an extensive drilling campaign in
the Kentucky fields for 1920, as
many operators will see the advant-
ages Of drilling for high priced
crude oil in shallow wells.
Mr.. Owsley has predicted the
Somerset grade will sell for $3.50
within six months. The develop
ments of Morgan, Menifee and Ma
coffin counties in the eastern fields
will feature the work in that pool in
the opinion of Mr. Owsley.
The decrease of 100000 barrels
daily in Mexican production with
corresponding increase of Somerset
crude oil, will mean extensive drill
ing in Kentucky fields for 1920,
stated e. E. LOOMS, secretary of the
Kentucky Oil Mems Association.
Mr.. Loomis believes many new
fields will be opened since operators
will realize the advantage of drilling
3-barrel wells producing So oil than
40 barrel-wells producing 40 cent
Gil. Mr.. Loomis, in his annual re-
port TO the Kentucky Oil Mems AS
| ISOLATION, stated business for 1919
had gone beyond expectations of the
| most sanguine, and that still greater
| business lies ahead in the present
year, 1920, The cooperation of oil
operators, Throughout the State to
encourage greater development will
do much in improving the present
conditions of the oil industry, he
said,
The erection Of a large oil refin-
cry on the Old Frankfort Pike near
mean the addition of another indus
try to Lexington's commercial in
terest This refinery, constructed
by the Great Southern Refining
Company, which has acquired miles
of pipe lines in the Eastern Ken
lucky field. will be completed in
the early winter and be ready for the
refining of crude oils.
The oil will be transported by
barges from the fields to Boonesboro
on the Kentucky river and from
there piped to the refinery, which
will increase the industry in the
eastern field.-Lexington Herald,
January~1, 1920.
Bourbon Oil and Cooperating