The Adair County news., 1921-02-09
OIL NEWS.
[BY E. t. KEMPER.l

was too light to stand the strain Incl
dental to deeper drilling, the Colum-
bia Development Company is again
running on full time. They have en-
copntered a good showing of oil at a
depth of $50 feet, and indications con-
tinue very encouraging for a good
strike. A new and heavy wire line
has just been received and installed,
and development work is now expected
to proceed as fast as possible without
any more Interruptions.
Mr.. Frank ]. Schermer, field repre- |
sentative of the Armstrong Drilling
Manufacturing Company, Waterloo,
Iowa, is spending several days in this
section assisting their local represen
tative, Mr.. O. G. Fink, in looking af-
their fast increasing trade in this ter
ritory. The Armstrong rigs are prov.
ing to be well adapted to this section,
and purchasers are more than pleased
with results of their work.
Mr.. J. B. Doolittle, the well. known
operator now making headquarters
here, has gone to Worcester, New
York, his home, to spend few days
with his family and in looking after
business interests at that end of the
line he will keep in close touch
with drilling operations here, and as
soon as well is ready to be completed
he will return here without delay.
Mr.. Thes. A. Sheridan, the largest
operator in this section, has been
spending few days on an important
business trip to northern Kentucky
and southern Ohio.
Mr.. o. C. Fink, who has just re.
turned home from flying trip to one
of the large southern cities, reports
that he has completed arrangements
! with certain capitalists, their names
being withheld for the present,
whereby Development operations will
Z be fnaugurated in this section without
delay. These people have holdings in
the counties of Adair, Russell, Cum
D berland, and Clinton counties, and
! they are leaving the matter of loca-
j tion for drilling to the judgment and
) hin the hands of Mr.. Fink, and he will
2 push development work to the limit.
~ The Beacon Oil Syndicate, Chicago
managed by DR. J.fW. Goggin, one ol
T 1.-The liyest wires connected with tht
!. development Of this territory, have
! just had the good fortune to make an
3 other fine striks on the Campbell
! Bros farm, Creelsboro, their we'll No
0 8, which came in flowing, having beer
completed at depth of 25O feet. Thi
r is the third good we'll for these peopl,
OF the Campbell farm, and they viii
: continue drilling operations on TIL
z lease.
Another deep cut in the price
: Icrude oil during the past week cam
, as great surprise to not only the op
orators in this immediate section, bu
7 all over the country as we'll, and som
- of the 'weak- kneed'' or pessimisti
i ones are predicting dire caIamities t
= follow such action, but if they wi
. stop to consider carefully from ever
angle the true condition of affair
L they can readily see there is no nee
for alarm. In the first place, it shoul
/ be borne in mind that "Every whet
= that turns pays it tribute to oil, " an
the demand for crude oil and oil proc
~ ucts is increasing by leaps and bound
while production is tagging. Is theI
= any doubt in any thinking mind tina
the oil production Of this country
- keeping pace even with our domsst
- demands when we consider that
- 1920 approximately 100000 600 barre
of oil were imported? The answ,
,t seems plain. 1t is truse that Some
an set fine or light grade, the grade pr
\ duced in this immediate territory, W
r. selling for $4 25 per barrel not mai
weeks since, while at present it
quoted at only $500 per barrel, b
n. fhoro Ia a roaenn and I'm NV mind