The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-25
lChlcnEo Futures.
In the Oil Fields

COHTGNuED FROM PRECEDING PAGE
and aze OF these leases are as fol-
lows:
-THmplco-TuSpR region, lease
near pnnuco, 6S0iQ00 acres.
2-Weat coast Of Mexico, In So
ifornin. (two leases, 100000
irornia, Oow lcascs)s lO,OOO'OOO
acres
s--lsthmus Of TchauVepcc rcgion,
including lenses p Tahosco and CHI
ira-, G5, ,o04 acrHa
These make grand total Of H..
glb 900 ncrcs. To handle this dcvel-
opmcut tho Marland oil company
OF Mexico Is capitalized Tor $1,000
600 an being fully paid In. Tine 10.
tai nrca OF the leases and concessions
hcld by the Marluud interests In
Mexico equals that Of the entiro
state nf West virginia and they arc
scattered over a distnco of over 7op
miles on each coast, iutcrspers'd
with other lands. The total area
which the Mdriand geologists nGd 90
examine in detail equals That or thH
whole state Of Texas. The P1hufn
lease alone in 40 miles long and has
an average width OF ii miles. and
lies within two miles Of both the Pa
nuco and Ebauo pools, whore oil
was discovered In 1910.
No Examinations Completed.
Because Of the necessity nf COM
pieting the Investigations In the Pa
nuco district, the Narland company
has not vet Investigated It's leasen
In Tabnsco and Chiapas, hut grui"-
glsts will be sent there during the
| next fow months TO start the work.
No carly development Is planned
there, however.
Mr.. oliver states that the inveqtl-
CATION conducted thus far through
out the past year has given reason
to believe &iat. through proper and
conservative development Of these
properties, the company has an eN-
ccllent chance of becoming one of
the strongest In Mexico.
The company In said to feel very
confident in regard to It's leases IN
Lower California. whore II IA claimed
there are countorpnrts To the Monte
rey shales which are the principal
source OF oil supply In the state of
California. and In this connection J.
is said that for many years petrol
cum mas been noticed flm,t.nS en-
the waters surrounding Lowor Gait
t.Urnia, particularly In the Gult Ot
California.
Surrendered Some L0pds.
II has been the policy OF tho com
pauy, according TO MIR Oliver, may
following reconnaissance work and
surveys, to surrender those suhsidl-
visiona OF concessions in which pc
troloum accumulation was readily
| found 10 he impossible. Those por-
tions. which were on the other hand
determined TO have Possibilities, or
which were not 50 readiN deter
mined to be improhams, are to be
| retained for later study. The recon
| Nuisance work is now greatly COM
plctcd, and as q result Mr.. Oliver
says the districts of lI"rmosil'u and
| Guaymas, In tho state ~ sonora,
| have already been surrendered am
It Is probable that the district of
| Alamus viii also be surrendered,
The districts OF Altar In Sonora
and all of the concessions in Lower
California are being retained and
are sufficient in size to mako up the
total $1,000 900 acres that the com
pGny holds In Mexico, "Tha detailed
investigation OF these lands TO h,
reserved FOR furtheL study has not
yet sufficiently progressed 10 justiiJ
an expression OF opinion as 90 thcu
respective value" says Mr., oliver
land certain land negotiations als'
remain to he completed consequent
upon these detailed eUminatiOna
Tho managoThcnt expects these con
ccsslons TO turn outGdghly profitable
to the company" Nr. oliver add
that all Indications lead "'o the moi