The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1920-12-09
HOMER OIL FIELD
MAY BE EXTENDED
EIGHTEEN MILES
uo,,,ou E;oIdS Oil COMPANY, Fields
No. / in Section 2S-l9-5
Has Fine Showing

Shreveport, La.-SeyeraI ilulloFeu,
working girls, teamsterS, Shlp-yara
workers and other residence Oh new
Works East Side, will be greatly III
torostpd in the announcement that the
Homer Fields Oil Corporation, opera'-
mo D Louisiana, is this week Se'tll's
SiI.inch casing at 2,2O6 feet, prepare
torv TO testing its well in 22.l9'o' Ciai
borne parish. 1t will be OF t0r .Il ,,, IN,
forest to them to learn that the wei
has a GOOD showing of both oil anu gas,
AND that the PROBABILITIES are mat IL
coed producer will be brought Ill soon =
This we'll is in the southeast part ol
Claiborne. on the line Of BienvIlle par
ish and is about Is miles from Homer
and six miles from Arcadia.
The bringing in of an oil well, more
or less in Claiborne parish is OF Slcli
common occurrence as to attract III
yle notice, unless attended by some
Special feature or circumstance as i
the case in this instance. The lllteres'
in thiS we'll being conferred Ill the lac,
that if a good well comes III, 1t Will
hp fine result Of what might be regard
od as almost a miracle. The brief his
tory of it is this:
When the oil excitement in the north
Louisiana field was at its height nun
dreds of "get-rich-Quick' schemes were
Matched in the north ami east ana
thousands of people were separated
from their cash. Hundreds OF these
so-called "companieS" collapsed as
soon as the promoters secured the VIC
fins money. In New York, stock was
sold in a syndicate, and small body
If wildcat acreage was secured. Moh
rv was poured into the treasury OF the
concern by wage earnerS, hoping t.
reap some of the fabulous riches that
had been pictured to them But like
many other such ventures the under
taking collapsed, and was abandoned
by the original promoters
Among the investors was John '"
Cayauaugh Of % DOminick street
New York. a man with square jaw
and a most persistent nature Mr.
Cavanaugh held a conference with the
working girls, teamsters and other Ia
borers who had invested their savings
in this syndicate, and if was declded
that he come down here and attempt
20 save something from the wreck. Tho
result was the arrival of Mr.. Cayan
augh in Shreveport last winter. De
tails of his activities since that thr'
would fill a book. The net result is the
well now about to come in and III
one is happier over the prospect than
he,
Among other interesting features o.
the history Of this well is the visi
here last spring, of Walter ), Kenne
, dy, assistant corporation counsel of tn
: city of New York, t0Rmake a persona
investigation of the proposition ant
3. the manner in which it was bein!
handled. On the strength of his repor
on his return home. more money wa
advanced by the shareholders to pros
: ecute the work. Mr.. Kennedy, himsel
: tbecoming a subscriber.
The Paramount Oil Company, it
. said, owns several thousand acres |
! the vicinity Of this well and hag di
i. patched its most trusted and eXper
!. enced driller, James B, Stump, to 81
n perintend the bringing in operation
without cost to the Homer-Fields PEI
" pie, in order that no possible mi
u takes may be made.
Il The omer-Fields Company owl
t. about 1000 acres surrounding the wei
Il and, according to Mr.. Cavanaugh, hs
e nothing whatever to SELL either in ii
r way Of leases or stock. 81 am rejoicil