The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1920-09-08
OIL NEWS.
[BY E T KENIPER ]

representing large interests from that
section, has been spending several
days here looking over the local terri
tory with view to the purchasing Of
an extensive lease holding, and before
leaving he did not hesitate to state
that in all his travels he had never
seen more promising structure than
he found here, and he predicted the
time would come when this would be
q 'real oil field"
Mr.. n. E. Gosney, we'll kno wn OPP
eTator from Lexington, KY was here
Che latter part Of the week on his
way home from the Greensboro field
+ where he is arranging to begin drill.
ing operations as soon as machinery
can be gotten on the ground Mr..
Gosney believes fine results will be OBJ
tanned by deep drilling in this terri.
tory.
DR.. R. NJ. Armstrong, Augusta, Ga
who is one Of a syndicate formed for
the purpose Of developing certain &C
reage in Russell coun4y, was here
Thursday last en- route to Greensboro
where he expects to spend several
days looking after his interest in that
{ locality. The doctor IS man who be-
lisves in this field, and he proposes to
shaw his faith by works and the in
vesting of some Of his money.
Richardson s. Gof, Of this city,
drilling for the Southern Oil & Re.
ining Company, Denver, report we'll
No. on the Russ Gilbert farm, Cam
berIand county, as having come in
the latter part Of the week, and it
promises to be equally as good as well
No. l, reported in the News few
days since They have moved rig to
another location on the same lease
where well No. will be drilled with
out delay. This is but the beginning
of the re-opsning up of that section
where 50 many fine wells were drilled
many years ago when the demand for
crude oil was so limited and the price
was so low it did not pay 20 get. it on
the market; but no such conditions
prevail now, for the demand far ex.
ceeds the supply, and it is still grow.
ing, and the price is satisfactory that
it pays to operate even the smallest
wells. ....,..-..,-
The big drilling rig OF. the Palmer
Oil & Gas Company is now on the J..
S. Royse farm on the Stanford pike,
where the first we'll will be drilled.
and good results are being freely pre-
dicted to follow the work there, not
only on account Of a favorable loca-
ton but principally in view of the
fact that the rig has the capacity to
penetrate the lower formations where
the big pools of oil are believed to lie
in this section. Mr.. John O'Brisn,
secretary of the Company, is now in
Columbia to remain indefinitely, and
he will be active in connection with
Mr.. Geo. a Palmer, president, in
pushing development as fast as condi-
tions will permit.
Some of the best posted men in the
oil busidess who have made close
study Of this territory, are strong in
their belief that when deep tests are
made here there will be opened up
one Of the finest fields not only in the
State, but of the country at large. In
support of this theory comes words
from Clinton county of well drilled
in there few days since which is
producing a wonderful flow at depth
of 1785 feet, having penetrated even
below the Trenton formation, which
is the big pay formation found ia the
states of Pennsylvania, Ohio and
West Virginia. The Trenton has
been considered by biologists and
others to be tie lowest formation in
which pay" would be found, but the
Clinton county well disproves thi:
theory and at the same time it dis
closes the fact that there is untold
wealth deposited in the earth right
under our feet where it was not be-
Iieved to exist. This lower forma,