The Pascagoula chronicle., 1920-05-14
drilling Will
Begin SOON
seacoast OIL Co. Locates Site of Well
Will Place Orders for Machinery
and Pipe at Once.

At meeting of the executive com
mittee of the Seacoast Oil Co. held
here Monday afternoon of this week
II was found that sufficient funds were
at hand to sink the first we'll. Messrs
]. j. Mcintosh, e. B. Martin, McVea
Young and r. G. Hibbler were there.
upon named and delegated with full
authority to locate the well, have der
rick erected, purchase drilling rig,
pipe and necessary machinery and
contract with a competent driller to
superintennd putting down the well.
Much of the preliminary work in this
connection has already been done.
The derrick timbers have been cut and
will be placed upon the ground early
next week. 1t has been decided to
take no chances with second hand
machinery, and an entirely new drill
ing rig will be purchased Negotia-
tions have been under way for some
time and concern has been located
which promises delivery of rig with
in six weeks or two months7at the out
side. The necessary pipe and casing
to sink the well to depth of 1000
feet if necessary has been tentatively
secured. A line has been secured on
three or four well recommended drill
ers, and a contract will be made with
one of them. If no unforeseen delay
occurs in the delivery of the machinery
and pipe actual drilling should be
under way in another two months.
The site selected for the first we'll is
on Pascagoula river, in sec. %, tp. 7,
range 6, just across the river from
Griffin's Point. Now that actual drill
ing operations are in sight local oil
enthusiasts are much elated. Some
dissatisfaction has been expressed
from time to time at the seemingly
slow progress the Seacoast Oil Co.
was making in getting down to actual
drilling. The directors however stood
pat on the declaration made in their
prospectus that not a dollar of the
company's money would be spent be-
yond the legal organization expenses
until at least $4,000 of the stock was |
sold to guarantee the completion of |
the first WELL Sale of stock will be
continued now until the full $1OO,O |
is sold, thereby assuring the putting
down of two more wells, as the COM
pany will own it's own rig the only ex-
pense will be for labor and material.
In addition to the Seacoast, three or
four other companies are active in
this field.
The Georgia Company, of which Col.
t. H. Bruce is vice-president and field
manager, has a large acreage under
lease north Of Escatawpa river and ex-
poets to begin drilling in the near
future
Another entry in the field is Mr..
George w. Worth of New York, who
las leased large acreage around Nut {
'ank and has posted a forfeit to begin
lrllling within four months. Mr.. Pipps
S his geologist and field manager.
The Choate oil people are securing
eases between the l.. & N. Ry. and the II
'each and promise to begin drilling {
Vhen five thousand acres are secured.
The Great American Oil Co., also of j
ieorgia, is still selling Its lots and l
lock in their holdings near Nine- i
die lake and have contract to begn {
rilllng when certain amount of stock S
] sold. {
IL is understood that the Louisiana
eople who own large acreage in leases
round Ocean Springs and the derrick |;
'r whose well on the Money Farm has p
ready been erected, will also begin 0
rlillng as soon as machinery and pipe n
rrives. La
IL would seem that local people are le
ot the only ones who believe that this il
an oil field. The Chronicle. looks il
IF great developments in this section
the next few months.