Bisbee daily review., 1920-01-18

l department IS Suf1lclent to Warrant our buying in there. we have in view some acreage which can be obtained at reasonable figures. and with the cessation of drilling at Desdemona, We will be in position to tackle this district immediately, thoroughly and in a vigorous manner. which should insure our getting flush production should we determine to drill.
 Sipe Springs-Is still more or less of an unknown quantity. We are keeping in close touch with the situ- ation. and when there is evidence enough to warrant our doing so, we will go right in.
 Desdemona Field-Our operations in this county have not been as sue cessful as we had hoped for. Brown No. l came pretty neearly being flowing we'll, and Brown No. 2 does not hold any promise of being better than No. l. It is quite reasonable to conclude that they will both be good bumpers, and while we are not going to make a whole lot of profit out of them, I don't believe we will lose money. There will be no No. on this tract. There doesn't seem to be anything that we can get hold of in this field that is at all attractive. All ground seems to be taken, and is be- ing held at unreasonably high figures. We do not anticipate the purchase Of any acreage in this areea and the on ly chance of going to work there is that we may conclude a fifty-fifty drilling contract, provided we see big production, and in order to keep our drillers busy in anticipation or moV- ing to the Carbon district.
 Right here I want to say that fifty fifty contracts do not appeal to me and it is only in a case of this kind, or some other unusual circumstance, that I would consider one.
 Stephens County
 Ming Tract-We are closely watch ing development in the direction of this tract and should there be any thing encouraging we will lose no time in safeguarding our interests there. (Since this report was made there have been some very encourag- ing developments).
 Walker Tract-There has been nothing developed here since the pur- chase of this tract to lead us to be- lieve that there is oil there in large quantity, and our geologist has ex- pressed himself in rather unsatis- factory manner about it; but before making any recommendations regard ing this acreage, careful study will be made of the country and surround ing developments and plan of hand ling submitted later.
 Callahan County
 The Putnam acreage Is still worth it's purchase price and the Humble company have a well drilling within one mile of our ground. Our scouts will keep in touch and any section here will be governed by surrounding development.
 Louisiana
 Bull Bayou Field-There is no in tention at present to drill the acreage acquired there. It seems the best part of wisdom to await further de velopments, and the next 60 to go days should prove whether or not we have a good or a poor chance of get ting production in the acreage which we have purchased.
 When the time comes for the drill ing of this acreage, it would appear that the wisest thing to do would be to contract for it, so that we would not need to maintain a force in the field and would not do, so until we had demonstrated whether it was a profitable field in which to maintain a separate organization or not. iCaddo Field-The. Caddo field is one which appears as being worthy of careful examination. The wells in this district have been producers for a good number of years, and there are oils of various specific gravities pro- 1 duced in this district. With this va riation in production and the present pipe line laws of the state of Lousia- na, there appears to be an excellent | field for the development M the re- finery end of the oil business. Bear l ing these things in mind, it is our intention to make a very exhaustive study of this field, and at as early a time as is possible.
 1 Homer Field-This field seems to be confined to three sections, and while it's production has been phe- nomenal, there isn't the slightest chance of being able to get in there as there is no acreage for sale that We know of.
 A scout will be sent into the state of Louisiana and he will keep us fully i informed on all matters of interest and particularly regarding develop ments in the neighborhood of our pur' | chases.
 General
 It is not the intention that this out line should cover any more than the immediate future. Any plan for 1 greater expansion requires careful study. And while such a plan is not yet complete, it is being given careful and quite a lot of consideration, and when our department heads have a chance of getting together and discus sing the several points, they will be i carefully tabulated and submitted
 Our staff is gradually getting to- | 0afhar Tho sifuation ia hainQ ola ri.