Phoenix tribune., 1920-04-10

Davis was The busiest operator in the field last
week. securing approximately 1000 acres. He
leased all Of section s block "a, township (, T.
survey, consisting ci o4O acres; also Alb acres IN
section s. block 50, township 2, I. & F. survey.
This total OF 1,113 acres is located south and
west of the Bell well and takes in territory on
both sides Of the Citizens well, now drilling
Davis, it is said, paid an average OF $500 an
acre for his land
Davis also leased 5000 acres surrounding the
Zone wei, which spudded in last week, This
acreage is northwest Of Pecos. The Fort Worth
operator Says lie paid $50 to $3.50 for acreage
The Fort Worth pIunger also bought subdi-
vision, consisting OF sixtyone lots north of town
located 200 yards from the Orient hotel the Wal
dorf-Astcris of Pecos. Davis believes that the
town OF Pecos will spread northward. He in
tends TO start one Of his oneman refineres on
this subdivision Immediately.
Davis wound up his Pecos campaign by leas-
ing the home of a banker named Parker for
three MONTHS with an option TO buy. Abner has
great confidence in the field and expects to make
Pecos his operating headquarters. He informed
the writer that he had invested approximately
1900 in Pecos realty and oil property during
the week.
IF l had had that kind of money when Ranger
and BuTkburnetI fields were discovered / would
have made $1O0,0O0,000" said the optimistic Abb
Pecos is a bustling little town, full of enter
prising business men, merchants ranchers, etc,
and she is packed TO the roof with oil operators,
scouts, lease brokers and roaming traders who
follow oil field booms. The Town has two hotels
and two good eating houses. floating popua-
ton of 1900 is now elbowing each other there.
Naturally conditions are abnormal.
The writer had to stand in line to get some
thing to eat three times day. We were fortu-
nate in having access to Z. P Howards room
in the Orient. Mr.. Howard has this room en-
gagged for the year lie is in New York ex-
plotting the Pecos field. l didn't have to worry
about bed. which ! shared with friend You
have to be accommodating in a booming oil field.
Pecos has one oil exchange, the Rex, where
dozen brokers are buster than bees, marketing
leases Probably hundred other brokers are
operating up and down Oak street, the trading
thoroughfare OF Pecos
J. o. Stewart OF the New York Brokerage com
pany, Shreveport, New York operator, has just
started another exchange that will house dozen
Shreveport Fort Worth and New York brokers
who are headed for the scene.
The New York Brokerage company handled
over S5,000,000 worth Of trades in the North
Louisiana fields and ranks with the great oil
leasing organizations OF the Mid-Continent, Texas
and Louisiana fields Stewart is an expert in
the business and promises to build up tremen
doUs trade in the Pecos field.
THE Bell is an oil we'll; how much it will
make on the pump is something wouldn't care
to estimate beyond venturing an opinion that il
looks like good bet at $50 feet"
The Sunshine Oil corporation, of the pio
neer drillers of the field, will build an office
building at Cedar and Oak streets, Pecos, anC
lay out Sunshine City a spur from the Santa
Fe railroad TO the corporations Laura we'll
Alfred finally is president of the Sunshine Oh