The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-05-02
OIL. mAnKrr ninrArInNs.
What WW Happen Next?

Everybody lB iutrtuUtCd in Know
ing what is going tn happen most it
the oil country and the opinion ol
each and every man interviewed Del
Tor once, absolutely contrary H'
that the hoH that can %" dom" Dbl
sizing up the situation. is to wy that
u Is uncertain. and perhaps moro Hu
than 40 any time iu years.
Tho hearing ON ut Washington 20.
Eardiup The tatIii ON Mexican crude
should it result Tor a victory fur thr
oil producers of this country ought
90 have u strong HtubillNur, n.
there has been moro ol Imported
into this country from McNico utu
the market would stand under any
conditions. and Ospocially now, whom
trade iH not huck tu normal u H
hopod an early decision Will De-
reached.
There arc many who believe that
someone. or some corporation VIII
raise the price ~ crude and viii du
1t 10 uu, the finishing touches un
the refining industry ana certainly
should this happen at this time. u
viii mdnt nothing elise but that the
present war being wUgcd against IN"
independent rciiucr is To- the bitter
end"
on tho other hand, there arc
many who believe that thorc iH more
crude at this time than last year
with no export demand and with u
decreased homo consumption--this
on account uf tho many factories
throughout the country that are shut
down waiting for conditions 90 be-
come stabilized.
Tho various oil fields that have
been opened recently are moro or
less of puzzle. az tor instance. I'll
dorado, Arkansas, on account OF the
quality of tho oil produced over
there, which seems 10 ho giving re-
finors much trouble ana probably
should be run through de- hydrator
before being put on the market The
opening of tho wells has brought ON
a littlc moro water, ana conditions
are unsatisfactory. To any Tho least.
The now field at Duncan ls living
up To its earliest reputation as being
decidedly orratic. ana many wells are
coming In as wator holes. that are
direct offsets 10 wells good FOR all
the way up To 700 or 500 barrels. ON
the other hand. Il ia ~ big country
and may supply lot more oil than
most conservative men are creditiug
u with ut the present time. II ~,
however. so errntic, ar to add TO the
uncertainty OF the. situation.
The new field at Haynesvlllo rs a.
the chances much In favor OF n very
prolific pool. which may cover Rs
large an area as the Homer field
ana Is certain OF being developed In
the shortest possible time. This for
the reason 'ntt tho Standard oi
Louisiana has ample facilities for
handling the oil and plenty Of money
To operate with. They are sure tt
force the Gllllland people and other,
TO drill.
The Hewitt fieln is being forced
and for the same reason that tn,
Hayncsville IL sure to bo rushed. az
the big companies In tho Hewitt
field have money, pipelines ano
empty thnkagc. and VIII get the oi
while the getting ~ good by drilling
TO tho deeper sands This and the
extension toward the south and
southwest, which promises To add I,
the supply OF oil and this. when ol
is not needed
In the meantime, the old fields in,
Guiding Creek county and the OK
mulgee district, the Osagc, includinl
creek county ana the Olmulgo,
district, the Usage, including th,
Burbank pool and all the fields II
the vicinity OF the old Cushing pool
are about holding their own and ar,
not able TO make any money drillinJ
Tor oil at present prices
II III "A situation that is hard I,
analyze. and II appears that an,
mans guess is as good az another
ns 10 what viii happen in the i'm
mediate future. Big news is likel,
10 break any time. There iA absu
lutely nothing 10 no nv