The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1920-09-17
HIGHER PRICES
FOR BEST KY. OIL

On last Friday morning consider
able number of oil producers met in
Louisa at J. p. Gartin's, in response to
a call made by Mr.. A. B. Ayers, presi-
dent of the Union Gas & Oil Company.
In addition to the local men there
were present the following operators
from other places, but having inter-
ests in this field. D. +. Evans, Joe
Thompson and t. e. Dimick, of Hunt
ington, Mr.. Gilmore of Pittsburg, e.
L. Kellar OF Charleston.
The meeting was called by Mr.. Ayers
for the purpose of meeting Mr., p. j.
Hoenig, of Lexington, in charge of the
purchasing department Of the New
Domain Oil 4 Gas Co., to talk over
the matter of securing a higher grad
ing TO rour oil. a subject that has
been agitated for quite q long time by
operators in this field.
Also, those present had the pleasure
of meeting Mr.. Young, president of the
South Penn Oil Company, who came
from Pittsburg to see the oil fields of
Lawrence county.
| Mr.. Patton, of the New Domain, also
was introduced in the meeting.
Upon motion of Mr.. Evans the gath
ering unanimously chose Mr. Ayers as
chairman. M. f. Conley was elected
secretary.
Mr.. Ayers made a comprehensive
statement of the object of the meeting,
loutlining the situation and giving full
credit for the prompt assistance rem
dered to the operators by the Cumber-
land Pipe Line Company. He expressed
his faith in the continued fair treat
f,f or q h "a g.
ing agencies allied with them.
Mr.. Hoenig was called upon for a
talk and responded in manner that
| pleased his hearers and won their con-
| fdence. While he did not tell them
all the things they wanted to know,
1t was realized that he went as far as
possible. The chief assurance given
was that he was inclined to recon-
mend a regarding Of Eastern Kentucky
oil, basing the price upon specific
gravity. A certain Eravity will prob
ably be decided upon as the dividing
lline between the Somerset price and
the price of the new grade, which may
be called Somerset Special, or some-
thing similar. All wells testing above
the designated gravity would receive
the higher price. Just what this price
may be was not suggested, as the mat
ter is yet to be worked out in the main
office.
| The chairman called upon Mr.. Evans
a large operator, and he made a very
Interesting and practical talk.
Mr. Kellar of the Ohio Fuel Oil
! Company. was asked to speak and did
so. His company has 1l5 wells in
Lawrence county, the largest number
owned by any one firm. Also. this com
| pany has 15 strings OF tools here and
has spent over million dollars in this
development.
Mr.. Young favored the meeting with
some facts that helped TO understand
the system of handling the oil busi-
mess.
The secretary read telegram from
Mr.. Milliken, partner of Mr.. Ayers in
the Union Gas 4 Oil Company. ex-
pressing regrets that he was unable
to attend the meeting, and pledging
his CO. operation. The Union property
is already one of the best in the state
\ OF Kentucky and the bounds of the
pool have not yet been defined.
Among others who spoke were Col
Northup, ii. w. Bussey, M s, Burns
Fped Nj. Vinson, Mr.. Gilmore and Joe
J Thompson.
Mr.. Hoenig stated that one OF his
chief objects in attending the meeting
was to get into personal touch with
the operators and see what spirit they
manifested toward the purchasing
agencies. He said he was delighted
/ with their attitude and thanked those
present for the kindly spirit exhibited
He says his company wants to buy
our oil and will do the best it can for
us. He called attention to the fact that
a purchasing office has been opened in
\ Lexington and the Kentucky operators
and royalty holders are requested to
mail their sales tickets or orders there
instead of Charleston or Pittsburg
Address the New Domain Oil & Gas
Company Purchasing Agency
A resolution was adopted that the
proceedings of this meeting be pub
lished in the Big Sandy News.