The Adair County news., 1920-05-05
OIL NEWS.

N.Y. Will q CdplUd1 Vi OZ0,UVU.UU
Some of the most prominent men of
that city are behind the venture, and
they will specialize in developing Ma
rion county.
The price of crude oil continues to
advance rapidly and there is no tell
ing where it will go. Even at pres.
ent prices the production of oil is one
of the most profitable and safe in
vestments to be found anywhere, and
the opportunity to ''get in the game"
is knocking at your door today, AID
without sending your money away
from home, for mother earth all
around US is simply teeming with ''li-
Quid gold' awaiting the efforts of
man to bring it forth.
We are PLEASED to quote from let
ter received from Mr.. G. A. Roy,
president of the Roy Petroleum Co.,
Covington, KY, under date of April
10Th, as follows:
'On my return from southern Ken.
lucky, this morning, 1 found the
Adair County News, and read with
interest the article on oil. Keep up
the good work, people cannot find out
or learn what is going on without
some kind of advertising"
The Roy people are taking a lively
interest in oil development in this
section, and they are spending good
ly sum Of money in Adair county.
Oil men returning from lateVisits to
the Creelsboro field, some nineteen
miles from Columbia, pronounce the
wells drilled in there recently as very
promising, and samples brought here
show it to be of superior grade, con-
sequently it will command a good
price on the market. The capacity of
the wells is as yet unknown, not hav-
ing been put on the pumps, but re-
ports regarding their production are
very fiattering and they bid fair to be
profitable producers.
Another good well was drilled in at
a depth of 4OI feet one day last week
near Greensboro, on the farm of A. G.
Cofey, on Ramsey's Creek,
Russell County, by the J. E.
Carnaban Oil Company, Canton,
Ohio. This is the third well brought
in there by the Carnahan people, and
they are now drilling on we'll MOI,
on the same farm Mr.. Bee Whitiss,
field manager of the Carnahan Com
pany, and who is giving this field his
personal attention, expresses himself
as very much encouraged with re.
suits already obtained in this section,
and he advises US they are making &C.
tive preparations to begin drilling in
Adair county, near Columbia, at an
early date. The Carnahan Company
irresponsible people with ample7cap.
itaI to carry out anything they under.
take, and their ield manager is live
wire who believes in doing things.
During recent months there his
been no material gain in the manu-.
facture of refined oil, while the de.
mand is steadily increasing, and al
present not only this country, but eV.
cry other as well, is facing shortage
which is becoming a matter of consid.
cradle alarm. The last ten years
have seen an enormous increase in the
demand for petroleum products
This increase has been felt in al
phases of the oil refining industry,
but the greatest of all has been in the
demand for motor gasoline, which has
been caused by the tremendously rap
Id growth in the use of the automo
bile. During the ten year period the
number of cars and trucks in service
increased about 100 per cent. the
production of crude oil in the United
States increased emily 95 per cent. II
is expected the needs of the Govern
ment alone in 1920 will exceed 200,
100000 barrels.
* Washington correspondent states
. the shortage situation has become 81
serious that the matter may b
brought to the attention of Congress
with the request that proper legisla