The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-11
In THE OIL FIELDS
Office, 6241 w. H. PECK Residence 2442


plan will be pushed as soon ~ the
officials feel that the market for
crude Is on the way back to nor
malcy. so far as the oklahoma and
Texas properties OF the company are
concerned, 1t is understood the de-
velopment and expansion viii be
carried on through the Guffey-Gil-
lespie company. II is said this pro-
gram includes an extensive drilling
campaign.
Not including its investment In
| Mexico. the Tidewater company
has spent sl5,o0O,c00 in expansion
! during the past Is months. The
| company has increased its capital
stock, which was issued at par, by
| Sc, sac 600, has issued l-2 per
cent bonds TO the amount OF sl2.-
100000 and 7 per cent Tidal Usage
bonds to the amount OF s3,5OO.o0O.
In taking over the Guffely- -Gilles-
| pie interests, the Tide~ater did SO
at an expenditure of 100000. has
spent s5,27l,000 for gasoline plants
and facilities in the Mid-Contincnt
field and s2.4i3.oo0 for other refin-
! ing and marketing facilities, with an
| additional $3,230,000 for tank steam
crs to be used In the export trade
! The company has also put in
]
equipment.
To Drill ut Raiston.
The Tidewater company's pro-
gram, 1t is said, will not be under
taken until some time during OCto-
her at the earliest, by which time IL
is believed that goodly portion OF
the funds now being used for crop
! harvesting and movement Will be
available for other purposes. 1t IL
understood that this view is shared
by other companies as well.
Additional drilling in the Ralston
locality OF Pawnee county. at a point
80 miles southeast OF Ponca City, Is
to be undertaken In the near future
by the Ralston United Oil company
recently organized, wherein the
leases OF the Parks brothers and as
ISOLATED In that vicinity were Sc
cured. One of the two wells con-
templated In the merger has al
ready been started on the Freeman
farm in northwest OF 9-23-5e. and
the location for the other has been
made in the southeast OF 5-22-5
These locations are one-half mile
south and one-fourth of a milk
southwest of the Columbine compa
ny well. now being drilled to tn,
Wilcox sand at around $500 feet
This we'll Is producing some oil from
. both the skinner and Bartlesvill'
sands. Included in the makeup o
the Ralston United OIL company arr
J. T. Parkes OF Blackwell; Gus Mars
, and McCollum q McCollum OF Paw
nee, and j. o. Cats. Ralstoi
, banker.
New Location In New Pool.
a new location, practically Wiid
a.. IN, IN
south OF Tonkawa. which was opened
up about six weeks ago when tn
4 Marland Oil company got a goo'
well on school land lease. TIL
activity in that district is confined
: almost entirely to seVtions 0, 10 an
; l5-24-1 west, although the new 10
cation is three miles TO the north
cas-, in the southwest Of 35-25-1 wes'
on the Endicott farm, which Is jus
: over the line in Kay county. tn
| rig for this test has been completed
, The Prairie, Southwestern OIL, an
Transcontinental companies ar
: drilling in this new pool in additio
, to Marland
: The Marland Oil company IL in
q tercsted in an important wildcat tina
/ is now being drilled by the Quad
rangle OIL company on block G
= leases amounting to 5000 acres !
G the district just north Of Meffor,
I in Grant county. The location is /
= the southeast Of 23-2S-5w TIL
= acreage was assembled there b
= George Northrup, an operator in tn
>, Beggs and Eldorado fields. The te'
i is being drilled on geology and is
? go $500 feet II necessary. 1t Is VI
!, derstood that, according to n
y agreement, the Marland compan
u furnishes some Of the casing and I'll
:, Quadrangle does the drilling wit
: perhaps other companies interested
- The Prairie Pipeline company lo'
two 1900 barrel storage tanks an
r. approximately 1000 barrels of crud
4 CONTINUED ON NEXT FACE.