The Adair County news., 1920-08-18
OIL NEWS.
TBY Z. T. KENIPER


ter he drinks, may be supplied either
directly or indirectly, through the use
of petroleum products, and even the
water may be pumped by a gasoline
engine.
Reliable information is al hand to
the effect that certain parties are
figuring on buying the property and
production ofthe McMead Oil Com
pany, Creelsboro, and the indications
are that should the Company decide
to sell even a portion Of their holdings
it would yield handsome return TO
the stockholders on their investment.
A number of oil men from different
sections, some of them here for the
first time, have been in this territory
during the past few days making dill
igent inquiry into the local situation,
and at the same time making a lot Of
personal investigation. Considerable
interest is being manifested in the Sc
curing of leases, but not very many in
this immediate locality are changing
hands at present, owing to the fact
that so many land owners are holding
out for bonuses, !" when they should
be satisfied to turn their acreage over
free to reputable concerns who will
develop the territory. Wells of small
capacity even would prove much more
profitable to the land owners than
anything they might receive in the
way Of bonus or in rentals, and op-
orators are more inclined to spend
money in drilling for oil than in the
payment of privileges.
Mr.. Geo. H. Palmer, president of the
Palmer Oil Company, is greatly wor-
ried at present over the non.arrival of
his drilling rig which was shipped
here from West Virginia, several
weeks ago, and he says that unless it
arrives within the next day or two he
will leave to trace the shipment in
person.
Richardson g. Golf, this city, drill
ing for the Southern Oil g. Refining
Company, Denver, Colo, of which DR..
Frank D Hines, so we'll and favorably
known here, is president, have Just
drilled in a real oil we'll on the Russ
Gilbert farm, located on Brush Creek,
Cumberland county, near Bakerton.
The depth is les feet the quality of
oil is Of superior grade, and the
quantity is so great that a strong
stream of oil has been flowing from
the well to Cumberland River, one
half mile away. Parties from here
have seen the well, and they report
it to be a wonder. The,neW we'll is
located only q short distance from the
"Old English" well drilled in 1866,
and which was credited with a daily
production of twelve hundred barrels,
This we'll was 100 feet depth.
Mr. Elmo Pearce, the "live wire
from Blackwell, Okla, who has been
here for several days past, and who is
we'll known to the oil fraternity il
Kentucky and Oklahoma, reports that
he is daily expecting parties here
from Texas and Oklahoma, who are
turning longing eyes towards this ter
ritory. Mr.. Pearce also gives out the
information that he has secured living
quarters here and will bring his fam
lily to Columbia at an early date.
The ]. E Carnahan Oil Company
drilling on the Henry Ingram farm
near town, have had serious break
down of their machinery and opera.
tions are held up pending repairs
The work of repairing is being rushed
as fast as possible and they hope to bt
able to resume drilling operation
again within the next few days. Man
ager Whitis, who was here last weel
reports that they fare shipping rit
from Monroe county to CreelsborC
where they will again begin drilling
on some of their extensive holding
in that section just as soon as TIT
machinery can be gotten on thu
ground The shipment is being made
by river and no unusual delay is an
ticipatsd.
A certain Refining Company is *
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