The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-06-24
OftMarket Quotations
OPTIMISTIC SPIRIT OF HEWITT
OPERATORS is PROPER PRE-
PAREDNESS FOR FUTURE

Operators in fields other than Hew-
tit have not petitioned the corporation
commission to order a shutdown in
unnecessary operations chiefly be-
cause Of the fact that voluntary cur
tailment has been apparent, accord
ing to the opinion of many oil men
Of other districts who have visited Ard
more recently. These men state that
prior to the shutdown order, the
Hewitt field was the most active in
the midcontinent, as well as the ma
pority of other fields OF the country,
in production as well as drilling op-
erations. The spirit of the oil men
here, they state, is Of a more opti-
mistic nature than elsewhere, and talk
of prospective wildcatting and other
plans for future development actu-
ally surprised the VISITORS The sur
prise, however, was set aside and the
real cause for the absence of notice
able depression realized when these
men visited the local fields and be-
came familiarized with the conditions
as they actually exist. The long LIE
OF the Hewitt wells and the fine
production which they WELD, both in
gravity as well as quantity, has not
made 1t financially impossible 10
bring the wells il, according TO their
deductions. and although the local
operators. are as desirous as oil men
elsewhere TO bring the market back
TO tbs higher level, nevertheless they
refuse To brood over the depression
and are putting their shoulders 70
the wheel, in an effort to prevent any
further decline in quotation, and 10 be
prepared to get right into the game
when conditions warrant it,
Often it has been the Gaze in COM
merctal circles that when depres
sive period sets in, business becomes
demoralized, and a great deal OF un'
necessary time and money is spent
to put the train back on the rails
all due to loss in spirits and failure to
maintain equilibrium with the time1
regardless OF what condition they may
be In.
The fine spirit which exists In the
ranks OF the Ardmore oil men Is not
confined solely to the operators, but
the reflners as well are TO be COM
plirnented on their optimistic attitude,
Although they are not running at fun
capacity, nevertheless the four refin-
cries OF Ardmore have kept thelf
plants teamed up throughout the pc
riod OF depression and during the
times when the red ink showed u loss
on the ledgers. They have lost money
but rather than lose their customers
and thus be without market when
progressive times reappear, they have
operated solely for the purpose OF
supplying whatever demand required
Even with crude at its lowest price
today, the refiner has not as yet
profited TO any great extent, accord
ing TO the statemen Of an official OF
one Of the largest refineries OF the
city. The only product which the re-
finsries are able to market at the
present time is the gasoline, he stat
Cd, while the other products must
go into storage, requiring much tied
up capital. The drop In crude has
not benefited the refiner to any great
extent, he states, as is evidenced by
the fact that the tank car prices OF
gasoline has dropped more than 10O
per cent since the drop In the price
OF the crude. When oil at the wells
marketed at $3.50 per barrel, the