The Winslow mail., 1920-04-30
OIL DROPS.

| hPioN0u dlIHouSH we nave mad con
siderable bad weather the past ter
days.
On making a regular canvass Of
what we have heretofore considered
reliable source of information. we are
told that certain deals are pending
and that the details can not at this
time be given out We do know. how
ever, that the parties here and at Hol-
brook are much pleased with the out
look; the heads of the larger interests
give us to understand that things are
moving; they are satisfied and will
give us details of some very good in
formation very soon, we hope, for
more interesting report in our next
issue
The larger operators say it will be
the same old story. We all know that
it took several years to bring in a pro-
ducing field at Ranger Desdemonia
Burkburnett. Tulsa and other Texas
and Oklahoma and Wyoming fields.
and that prior to the production the
investors had to wait for results, but
in most cases they were not disap-
pointed but were most gratifying.
The last field to duplicate the his
tory of all fields, is the Pecos field
just east of Ell Paso. Thirty days ag.
prior to production lease values were
from So to SIS and $40, and very little
as high as $25 per acre. But now.
since very small we'll has been as
sured such leases are changing hands
at from $500. $1,000 to $4,000 per acre.
The one producing we'll is small in
production but the oil is very high
grade. and we learn that it is worth
from 500 to $25 per barrel; very un-
usual high quality.
1t is fact that parties around this
section that invested in stocks in Tex
as companies more han 80 per cent
of them secured a loser. A larger
percentage Of the stocks. as promoted
in the Ranger and Burkburnett fields
in the past year, are now offered on
the market at an average of less than
ten per cent of the par value. Those
who purchased leases in the Texas
ields at the right time have made
from 1000 to 10000 per centum on
their investments.
The Hopi Oil Company is very busy
and we understand plans are being
laid to complete the Hopi we'll No. l
and to drill thoroughly their immense
The Holbrook Oil Company Is now
running two shifts and should now
make much better progress. Dad
Hastings is still in charge of opera
tions.
The Vanderhoef Syndicate had all
their new and necessary machinery
on hand Monday except crank shaft
which had been delayed on account of
the railroad strike. 1t was expected
to be delivered Thursday of this week
and just as soon as it arrives the Ada
mana will be going on it's way, and we
are hoping for the best
We are reliably informed that the
Vanderhoef Syndicate has purchased
new standard rig and that same will
arrive in the near future and other
portion of their vast holdings will be
developed this season.
The Black Canyon Oil Syndicate is
making good progress. There was
much delay on account of lost cord
in the we'll but it has been recovered
and we are told that two shifts are
now working and more rapid progress
is expected.
1t is stated that Zuni, on the painted
desert has again commenced opera
tiOss.
1t has been rumored. and we believe
rather reliably. that several new COM
panies that recently secured leases on
operating contracts will commence
several new wells before midsummer
However. we will not attempt to give
out details until we have the def
mite and correct information duly
authorized
In general prospects do look better
than at any previous time since the
field was inaugurated, and we anti
cipate much development this season
-O-