The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1920-11-10
OIL NEWS.
by E. 7. KEMPER.

McMead Oil Company, Greensboro, are /
to the effect that it will prove to be,
in all probability, the best we'll yet
drilled in that field.
Mr.. W. E Sarvent, of New York
City, chairman of the Board and gem
eral manager of the BagdadO Oil Com
pany, who has been spending consid-
able time in the Greensboro field where
the company is now drilling, was in
town during the past week, and while
here he expressed himself very freely |
as to his faith in the field proving to
be great producing section.
1t will no doubt surprise many of
the readers of the News to learn that
in the territory comprising the coun-
ties of Adair, Russell and Cumberland,
of which Columbia is the headquar-
ters for, and gateway to, there are
at present no less than twenty
drilling rigs pounding away for
oil and gas, while many others are
on the way here. Should the good
weather continue for several weeks
it is predicted there will be at
least double the number of rigs in
this territory within the next ninety
days.
Mr.. Frank Sweet, who for several
months past has been in charge Of
the drilling operations Of the McMead
and Beacon companies at Greensboro,
accompanied BY Mrs Sweet, was in
town the IatQsr part of the week en-
route to Bowling Green where they
will make their home for the winter
on account of their two daughters be-
ing in college there Mr.. Sweet has
had wide experience in the produc-
ton of oil, and he is very enthusiast
tic over the outlook for the future Of
this section as producing field.
MI. Thos. A. Sheridan, Cincinnati,
accompanied by M. Lucien Beekner,
the noted oil geologist of Winchester,
KY, were here during the past week
J. for the purpose of making locations
where the two new rigs he is now
shipping into this territory, referred
to in last weeks News, will be put to
drilling just as soon as they arrive
5 1t is understood that the. first well:
l. they drill will satsa point on the
l. Cumberland river. some fouE5 miles
! south Of jamestown. rs:s
Mr. F G: Cove, of Nswkirk, Okla
homa, a Capable and experienced
driIler arrived TN town during TIT
week to join the field force ofsths
>. Palmer On, 8 Gas Company. A
" double tower, commonly known as
" day and night shift or crew, is now
% being run, and nothing will be lef
undone to speed up drilling to tn
utmost. The scene of operations il
only a couple Of miles out on tn,
Stanford pike, and it is very inter
10 esting place for anyone to visit.
N With an annual production in thi
Or country of 400, 900, 900 barrels of crud
=, petroleum, production is believed t
es be at it's peak but this will produc
ID only 100000 barrels of gasoline
ne The Z, 900, 900 motor vehicles in tn
he United States consume 100000 bal
rels of gasoline annually, and anothe
SIS 1000, 900 barrels is required for a
other purposes, leaving only 5000
ba 900 barrels for export The foreig
nj demands for our petroleum product
are so great that our natural surplu
falls far short If the requirement.
and this alone, to say nothing Of tn
ever increasing demand in this cour
loo try, will naturally result in price
-. continuing to soar upward.
y, Mr.. Carl Anderson, well-knoW
re-. oil geologist Of New York, was
,e. town Sunday, having just returne
he from a survey of the Greensboro fell
ID and he reported very favorably G
that section. Mr.. Anderson is not
total stranger in this territory, ar
NO he contends that proper drilling he
L. will be productive Of good results
est The Fink and Heilman rig, drillir
- n.l,,rahia navolonnnant Tor