The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-02-20
IF SPIRIT OF MEMBERS OF EXECUTIVE
COMMITTEES REACHES PRODUCERS, OIL
INDUSTRY WILL RAPIDLY RETURN TO
NORMAL" STATES WRIT FRANKLIN


Gently returned from Tulsa, oklahoma,
where he attended on February 18th F.
and 10Th respectively, meeting of
tho General Executive Committee OF
the Mid-Continent oil K Gas Associa. I
tion and Of the Executive Committee
of the Kansas-Oklahoma district Of
tho association. Mr. Franklin is
member Of the committees represent
ing Southern oklahoma
There was general meeting of oil !
men preceding the meeting Of the
committee, which was attended by
about $50 oil producers. marketers.
refners and representatives, of pipe
line companies There was free dis
cussion with reference TO tho present
domoralized condition Of the entire
oil industry and suggestions OF a
remedy for this condition Sentiment
was divided as to whether tariff
should be levied on imports Of oil
from foreign countries and this sub
iect was referred TO the meeting Of
Ailt Affiitl IL i.NfNuliNt AOliffllAlt's
However, the general meeting did
adopt Il resolution declaring that It
was the sense Of the meeting that
all drilling operations as far as pos
sible should be suspended and that
no now wells should be drilled in,
but leaving to the General Executive
Committee the details Of a plan where
by the desired end could be brought
about.
The General Executive Committee
Of the association was called to order
at o'clock p. m. on Tuesday, Feb.
ruary 18th by Mr.. Davis, President
OF the Association. The meeting was
attended by members Of the com
mittee from Texas Kansas and Ok
lahoma and was very representative
Of the industry as whole. The sit
uation was thoroughly discussed and
the views Of all members Of the COM
mittee freely expressed. Late in the
afternoon committee on resolutions
was sclo 'n retire and formulate
rcsc'' pressing the general
opinion vs. as a whole. This
committo composed Of Mr.. Davis,
chairman; Judge Shea, Mr.. Francis
OF the Magnolia Petroleum Com
rany cr Dallas, Mr.. Blue and Mr..
Brennan and the resolution which
was reported and unanimously adopted
reads as follows
"The General Executive Commit
tee finds. from the hest information
available. that the marketing stua-
Ia, fr.fsfa.l condition hnf1-
ering on collapse. both as TO exports
and domestic consumption that this
has resulted in a practical demorali-
zation of the entire industry and has
produced a congestion in production
resulting in great waste.
"Therefore. we are of the opinion
that the production of crude oil at n
time when these conditions exist and
when there is no market for such
production Is economic waste; and
we advise that no new or unneces-
sary wells should be drilled in or
shot during the time this economic
waste continues.
THAT copy this resolution be
furnished 10 the Executive Committee
Of the Texas-Louisiana Division and
[ to the Executive Committee of the
Kansas Oklahoma Division, with the
request that the Executive Committee
OF each Division take such steps as
may be in accord with the laws OF
their respective states TO prevent
! the continuance Of such economic
waste. and with the additional re-
quest that each Executive Commit
tee Immediately report the condi-
/ tions resulting IN economic waste IN
/ their respective states and the actual
existing condition regarding the drill
| ing Of new and unnecessary wells and
! from time to time thereafter 80 long
/ as the present economic condition
exists report to this Executive Com
mittee the actual existing situation
in their respective divisions"
/ on February 10th the Executive
/ Committee Of the Kansas-O Oklahoma
/ Division Of the Association met for
/ the purpose Of considering the proper
method of carrying out the pro-
ccdure for curtailing drilling opera
tions IN order to prevent waste as
outlined in the resolution adopted by
| the General Executive COMMITTEE
quoted above. After extended dis
cusson ms to the best method Of pro
ccdurc the following resolution was
introduced, seconded and unanimously
carried;
Resolved that Central Committee
on Conservation and Cancellation 10
consist Of nine members be appoint
ed 70 have general supervision Of and
power TO carry out the purposes Of
/ the resolution of the General Execu-
tive committee adopted February fI.
tccnth and further empowered TO APP
point such local subcommittces as are
necessary to carry on the work and
to define tho duties Of such sub
committees. Any one aCgricved by
the decision of the Central Commit
tee OF this Division
'rhcrcupon tho following members
were appointed 10 serve upon said
y Central Committee on Conservation
and Cancellation to-wit;
BCRT H. COLLINS,
or the Fchn oil Co. President Of the
Kansas. oklahoma Division.
CIIAS. T.. BARREN,
JOHN u. MARKHAM. JC
FRANK NJ ElEENE.
JAMES \. VENSEI.
W. G. SKEII.N.
JOHN Il. uApLEY.
J.. @. nRADSTREET.
JOHN $ GRIFFIN.
As an aid to the worl, of keeping
tho Industry advised, tho Secretary
was instructed Tn communicate with
tho American Petroleum Institute sus-
costing that that organization main
tain bureau to collect and promul-
gata figures and statistics showing