Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-06-12

~ the Roswell ~. NJ on DE.
yelopment Company submitted the past
week a. the stockholders, dlscloses
much information Of interest TO the
Amarillo and pecos Valley fields.
rhnt the company has acquired 80
acres In Hutchinson county. Texas. ana
thnt the National Exploration Company
is under contract 10 drill for the com
pany. are among the items Of infor'
nation revealed.
The Roswell on Development Com
pany was not organized primarily Tor
speculative purposes. says President
Lawrence. but To secure development
particularly ~ the oil and gas resources
II the pecos Valley country.
The company employed Dorsey Hager
and Edward Robitnille. we'll known geol'
agists. and had the entire valley pros
pected. and ~ the territory subject 10
protest secured 100000 acres of land
under lease.
October ~. 1919. the company enter
Il into contract with the National FIX.
Iteration Company for drilling develop
mcnt. The National Exploration Com
many. according To President Law.
FENCES report. paid n cash considera.
ton NJ taSo.0oo, and proceeded TO drill
pursuant Ia terms ~ the contract. The
biologists. under terms 81 agreement,
were Ia receive onehalf the acreage,
hence half the $3.50. 900, leaving the com
nany si;b.o00 cash. With this amount
~ Indebtedness was paid and divi'
lend II 100 per cent paid all stock.
holders. The company. m It's agreement
with the National Exploration Com
many, also retained one'tenth of its acre
age with right To first selection around
each well.
Perhaps the most important new de-
velopment that has occurred during the
current y-nr. according 10 the report IL
work that N hcing undertaken Ia de-
vclop tho territory east Of the Pecos
md east ~ Roswell. There are two
wells now being drilled IN that territory
me In the Hngcrman holdings. located
n Section 10. Township 10. South Range
~ east. by the Trinidad oil and Ga'
company. which has "A splendid OUTFIT
md mas reached the depth II more thar
100 feet, and the other On what q
| Known as the Reid structure by Thu
,uffalo oh and GAS Company In Sec
ton 20. Township ~. South Rance 2
Cast. This company also has splendi'
utflt, and has spudded In and will pro
'eed with drilling operations Just "a
soon M water In secured In the surfac
we'll now being drilled.
I'm Eddy county there In also grea
deal OF development going on" contin
ues the report. THE Illinois Producer
Company In still carrying on operations
Well No I of this company nj Lake
wood. located In Section 81. TOWNSHIP
~. South Range % East. In s.osa fee
iecp. and In capped until further Of
'crs from the company. Well No. a
Dayton has reached depth of 3.so
feet. which In the deepest well pcrhar
n the state Of New Mexico. Drillin
sas suspended. pending the renewa! {
leases which ARE coming In slowly.
The Pecos River oil and Cos Con
many has "a well west of Carlsbad, 4
ated In Section %. Township ~. SCOUT
Range % East. The well IL $50 Zee
lcep. and I am advised that stron
company In about TO take over IN
property and resume the drilling opers
tons within 20 or 20 days
"Thc Kansas New.Mcx Company
we'll No !. located mt Seven River
now shut down.
"Thc East Eddy oil Company hu
started well which has now reache
, depth of $s5 feet. located In Scctio
y, Township 10. South Range rs Eas
which IL ten or twelve miles east ,
Artesla.
1.-THE Kansas New.Mex Company we
No, ? In Section 10. Township 20. Sou,
Range % East. II <io feet deep. an
they are changing drills.
THE New Mexico Petroleum and r
timing Company has a well near Carl
nd. located In Section ~. Townsh
7, -, South Range % East. This compar
, has drilled to depth Of s.i00 feet. M
II present time is cndcavoring TO shl
III flow Of water.
"The New Mexico Petroleum No.
IN Section :. Township 20. South RAM
'6 East. In 800 feet deep and still dri
Ing.
The Kansas Carlsbad Company nj
well about 200 feet deep. located
y section is. Township -. South Ram
% East.
H.. N