The Winslow mail., 1920-03-05
OIL INTEREST INCREASES AS
WEATHER CLEARS UP

WEATHER CLEARS UP
AS the weather gradually improves
so does the oil prospects on the grea
Anticlinal Structure south and south
east of Winslow.
ROADS are now much improved, al
though very rough, and it will not b.
long before heavy hauling can be re
sumed without difficulty.
According to all signs, this is to bt
the last season of "Watchful Waiting
both at our national capitol and here
at home in Navajo County. From al
indications, three to four wells should
be proven this spring or before mid
summer. Two wells, now practically
in Oil, che question is How much?
There are two other wells that have
made splendid progress and have had
excellent showings such that will war
rant continued drilling and the ex-
pense of completion.
Prof. A. A. Johnson said after max
ing an extensive examination that if is
a good gamble" that the capital that
was invested would be amply repaid
for the venture
But that notwithstanding and re-
gardless how good our field may be if
will never produce oil and gas until
drilled for diligently, faithfully and
continuously Nothing but the drill
can determine just how valuable our
land may be or how big the production
but the experience of the smaller COM
panies the past year and a half is very
valuable. even though so far it has not
been very productive. It has been de-
monstrated that a small company with
a small rig cannot do the work. We are
however. now assured that proper
equipment will be used and the end of
my story is not far distant.
Thore. has beer more or less delay
on account Of securing leaseholds. de-
sirable for blocking. 1t is to be re-
GREETED that some parties imagine that
their individual holdings will grow in
to wealth without action. while in fact
40 acres in a proven field is not only
worth more than a section but worth
more than many sections in an I'M
proven field, and with this we are re-
minded OF a statement made by the
great novelist, Frederick Van Rensse
laor Dey. about as follows:
Mar should not be blinded to
whatsoever merit exists in the on
portunity which he hath in hand,
remembering that a thousand pro-
misses for the future, should weigh
as naught against the possession
of single piece of silver"
A section of land, or many sections
in an unproven field, is to an extent
like promises, and will remain as pro-
misses untitled unless the field is drill
ed, so it is our advice to those hold
Ing any kind of acreage to be glad to
contract and transfer three-fourths CT
such holdings for drilling. on propa1
basis, as the one quarter ton proven
territory is not any more promise
but fulfillment, and such quarter in
each section whom field is proven is
worth more than many sections not
counting the royalty.
Oil Notes.
The Holbrook Oil Company is again
making good progress although there
was some slight delay. as there was a
slight breakdown last week, but re-
pairs have been made and Dad Hast.
ings is again hitting the ball regular
ly.
Hopi Oil Co. wei No. remains the
same. Proper machinery can soon be
hauled to the we'll when operations can
again be resumed.
The Adamana Oil Co., under the
directions of Managing director Cook.
and Virginia Goode, the new secretary,
are laying plans for big campaign
this season. Mr.. Cook comes we'll re-
commended and has made such pro-
gress to convince us that he is capable.
the Adamana like the Hopi needs
some additional machinery which will
be placed in position in the not far
distant future