Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-02

There In no doubt that the money Sit.
uatinn IL casing up That fact Is u more
consequence 20 operators IN Western
Oklahoma than the price OF on. thc
limitation q pipe line runs or the sale
q leases. Tor a biz percentage II In.
dependent concerns In this section
operate a. some extent on money 90.
sainel from their local hanks Tho
hanks nov have closed their 1899 books.
They have called approximately an the
loans they expect to can. Crop move.
mcnt has increased tao supply 81 money
Money win be frc,r 20 OH men than dur
Ing the latter part ~ 1899 but probably
none Of than czn-=nt all they need for
a few months vet
Nearly all stable concerns have beer
able 20 renew approximately all their
nrnnising leases. but the Industry faces
hat vital period when individual lease
holders may not BE- able 90 effect re-
newals. VIVA; Is happening IN that line
can not be determined Ter several wcok0.
II II vital Tor the reason that compile.
tons and possible field extensions have
been delayed on account of IL
Renewed Activity.
There are signs - renewed activity
over all Il the western half 81 tn
State. n II significant that several
major concerns have renewed leases
and paid rentals N such concerned ter
ritofy as Kingfishcr and niaine coun
ties. indicating that they are not done
with that territory. Activity g. lncrcas
inE over the Northwestern Part ~ tn
State. due principally 90 extensions 10
the Amarillo gas producing area ana
rms and Oh discoveries In Southwestern
Kansas There Ia no doubt that a sccfc
~ tests FOR deep pay viii b. made in
Woods. Woodward. Ellis. Harper. Texas
Rcavcr and Cim1rron counties. DURING
the period a depression N 1929 Their.
WIS mere activity in leases IN that
on than any other on the west
p;das
discovery n gas IN a test west 81,
Hobart. kiova county. rrccutly c.us-'
a little exciiomen; and On incr,1ee o.
fhe value ~ acreage. hut Tho test u nO'
complete. The sas evidently vas % o..
great value hut its discovery hrar,cnol
operators drilling IN that yirEin terri
tor. Signs ~ life are shown 40 Grant,.
and Coisho and Mountain View. clc1
with It's slightly explored field az sh1l
low Oh and gss. Custer and Washi.a
counties sre soon % b. tested with q,
less than six or c.rht wells. Proercs F
made GA a majority u these VIII a.
pend. however. on the sale % leases
Finances already have been secured f0r
the others.
Three wells 81 the extreme west sll
are ~ especial inicrcs; because q ~
positive assurance that thcy win =,
completed They are being drilled IN
Greer and Beckham counties hy tn
Lone Star Gas Corapany. the Pierre
OIL Corporation and Charles ~ Taylor
81 Oklahoma City. The latter two are
now drilling In Beckham county below
3.7eo feet. Indications have BEEN favor
able. 60 far IS reports shcw-hui ihev
fnsy be misleading viii h. nc
eoTuplished soon In jackson. Tiilman ana
Harmon counties and the western and
southwestern parts 81 Cotton county
Many ieasrs have becn surrendered o.
permitted 20 expire in TINT territory.
0.e company that originally had sew
erai thousand acres surrcntered or losf
all Of 10 but thirty acres
That section Il country bounded hy
the Walters. Iawton. Duncan AMI c.
men, fields, covering part % Conan.
che. Cotton. stephens. Caddo and GRADY
ccnusics. continues o. attract mere al;
tcntion than any other ou,side q proven
tcrriiory ~ the western part u yhe
State. The Dcncie oil Company. a sub
sielary Of the Gladys Belle. has com
piesed l,s second well In the new area
east Of TIE I.awio1 shallow pool That
an IMPORTANT pool has been Identified
there. there IL no longer an' doubt
pevsicpmen; nOrthwand from the Dun
ran pool forecasts n connection h..
tween the two n that area probably
twenty wells are drilling. all q them
On structure that h highly recommend
cd by geoioris,s
Duncan District.
r. HaH.H