The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-05-09
PATAGONIA IS
OIL POSSIBILITY
Argentine Government
Making Reservations
Very Quietly
AMERICANS ARE SLOW
Holding Back Increases Prob
ability of British Getting
Large Concessions

BIENos AIRES, May s.--Experts
q, ou pr ucuon say that, as a re-
gut Of uo rich discoveries of oil
4, The conodoro Rivadavia field.
,r,crt.rg may become ono of the
norid's great sources of fuel. The
ueil No. l2S which came in on Feb
.uary gs with an initial production OF
ohou, 200 barrels an hour Is con-
tinuing to flow at approximately the
same amount.
Tho Com8doro Rivadavia oil pro-
auC.rg area is located in the terri
b,iy OF Chubut. in the region called
PhtaeouIl. and is moro than bOO
milo southwest Of Bucnos Aires. 1t
.as discovered in 1907 when a deep
,est vas being made in an effort to
locate water supply. The govern
,nent .gercising It's ownership OF
mineral rights, set aside 12, 800 acres
~ land In the dstrrcr ana began
The work of exploiting the field.
Later. another 1850 acres was re-
since that time 12S wells have
been sunk and production has gradu-
ally increased up to the present. In
1920 the total production was more
than 100000 barrels. The oil Is
heavy with small Kerosene and gaso-
Hne content and is used principally
as fuel oil, being sold to n number
OF industries in the country. Drilling
dSpths are between 1900 and 1900
feet.
Argentine Reserves land.
Until well No. 12S was brought in.
all the wells had shown small pro-
duction although several of them
we're gushers and had an initial pro-
duction that passed the 1000 barrel
mark. practically every well drilled
found oil in paying quantities.
Outside OF the governments re-
served area there is some production
by private companies. Several
Argentine railroads that plan 10
burn oil instead of wood or coal re-
Gently made "A contract with one of
these companies and have under
taken an extensive campaign of eX-
ploratlons.
The completion Of the big we'll has
served TO call attention once more TO
the other districts OF Argentina that
are ranked as favorable for oil pro-
duction. An American oil engineer
who is familiar with prospects from
the northern border OF the country
to TERRA del Fuego told the cores
pondent that he looked for Argen-
tina TO develop into one OF the pro-
ducing centers of the world. He re-
CARDS as especially favorable some
sections Of Jujuy, Mendoza, Neuquen
and Santa Cruz.
Uncle sam Not I'm II.
Whether these prove to be pro-
ducing areas or not, 1t is known that
English and American companies
together with companies represent
ing other nations, are actively at
work, trying TO get a foothold in the
country.
AT the present time" said an
authority English interests are
much largely represented in Argen-
tina than American. For several
years they have been quietly scout
Y ing and studying the country. L look
= for Argentina within the next rev
years TO become large oil pro-
ducing region. American companies
should not hold back because OF the
impoSibility of securing large con.
cessions unles they are content &c
find Argentina's best oil land in the
hands OF the British IL the country 1.
proved TO be an oil reservoir"