The Clayton news. (Clayton, N.M.) 19??-1954, 1921-01-15
LIVE OIL NEWS OF CENTRAL AND
WESTERN FIELDS
Prospects for Renewed Activity in
Union County are Good; PaSa-
monte Well Best Bet Now.

Work at the Pasamonte well is re-
ported as progressing rapidly. and
much confidence is shown in the
future of the well by the fact that
a number of Clayton people are pur-
chasing leases ON the structure.
H. j. Nelson, who is in Kansas
City negotiating for a well in the
north central part Of the county. re-
ports that prospects for securing
the test are very favorable.
The SHORTY Gotbler Oil Go. has
reorganiZed according to reports
from the Offices of the company, and
are much elated over the prospects
for completing the well, which was
abandoned some months ago on ac-
count Of financial conditions
Amarillo Field.
Those who believe oil in the Am
arillQ field is being held down in
the formations by gas pressure, are
getting some proof of their theory
since the wells are showing oil as
the gas eXhausts itself Several wells
have shown oil recently, and the
Bivins Go. has just lain pipe line
from their number one to their
number two we'll TO furnish gas for
fuel, but the gas flow weakened and
when investigation was made TO To-
cate the trouble the pipe was found
to be chOked up with oil, and this is
taken by many oil men as certain
evidence that oil is rising in the
structures and the gas pressure is
being lifted.
/ The Bivins No. we'll reports a
/ slight showing Of oil { $500 feet.
This well is located in Section 2, in
Block M-26, in Potter county.
Activity at AFteSia
1t is reported from Artesia that
, the Illinois Producers company has
not completed its storage tanks but
expects to build same to a capacity
Of ten thousand barrels. The bridge
in the well which occurred when the
we'll was shot, has been drilled out.
! The kansas-New Mexico Co. has
not yet shot their well which is be-
/ lieved will be a commercial produ-
Ger without shooting, at six hundred
| feet. The drilling of other wells in
/ that field is being carried on rapid
/ ly, but only the two wells mentioned
are deep enough TO reach the pro-
ducing sands. The National Explora-
/ tion company have made second
/ location on the picacho Ranch not
/ far northwest of Artesia.
Ft Stockton, Texas.
Nationwide attention is being di-
recled to a well recently struck in
the Ft Stockton. field, and if the re-
ports concerning it are one-tenth
correct then Miracle Well might be
la proper name II is the tenth well
/ drilled in That field by the Grant Oil
Corporation, and when the drill
reached a depth of ninety feet the
we'll 'gushed in," filling an eighteen
inch casing, and wire just received
her from the Commercial Club of
tl't, Stockton states that three TO five
, thousand barrels per day is the fig
ures at which the well was estimal-
cd when drilled in, Production has
/ decreased considerably since that
( time but it is believed the we'll will
make from one hundred TO five hun
dred barrels per day on settled pro-
duction. This is the fifth we'll drill
ed within a radius of fifty yards and
the other four are standing full of
oil but have not the gas or water
pressure TO make Them flow. They
have not been tested on the pump.