Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-06

movement Ia hold up the prize u
crude ul IN tine MidContinom field.
u h. declared this will restrict urudic
ton o. certain extent. lut VII have
a stimulating effect en- the ntirkCi A.
whale and the ballet b. that 10 viii
have general good cifro, on the IN
dusiry. Just now. because 80 a SLOW
Ing down In industry. the consumption
Of beth crude and refined oils D. a.
IT, lowest ebh. and in sixty or ninoiy'
slays she demand Win hnVN rccovcfvvi
o. q normal hssis. M the uoanihur
the p'pc line companies lrp offering
10 accept the usual amount ~ oil half
~ which b. to lc stored o., . a. cents
harrrl Tor sixty days. This VIII IN.
able producers to take care 81 their
prr duction aud at thc end IL that pe.
riod il II believed the owners will have
M trouble in dispoying of their oil II
price now prevailing.
In Wichita county there has been
very little activity during the wcc,
one good completion ie reported frum
the east side of the Electra field. tho
Planet Petroleum cumany's Ruinr't
Ne. ?. winch II mnting s0o barrels
dali, IN the ssO.foni sand Another big
gassar has heen developed Ia the Tex.
homa gas field. the Doison No VI
i.aninr. Morigcr It al. which is flow.
INK $4,000. eco feet from tho usua.
depth. u L. the thirteenth producer
In the field.
important developments are IN pros
poet IN the new Matte Parker shallow
pool IN Wichita county. The Parker
Ne. Il Kane & Garrett. halt a mile
west II th" prcsen, limit ~ produ".
q n, hrs reached the top Of the sand
~ geo feet and looks like good we'll
u will D. completed IN q few days
The PARKER No. l Of Charles - IN.
dcrs'n. west of the present limits ~
the field Also II showing Ter q light
producer. Both q. these wells are cx.
pccied to prove up extensions.
In Enstland County the States OIL
Cooperation L. r-sumiug operations IN
the Hollcman shallow pol upon a
larger scale than f'r several months
The company row has seventeen on.
cratians In that district including rlgs.
locations. rig building. or drilling. II,
- AfhNANNh AAAAN NNNllNA INV INV NfAV
the States will dcVoi" much 81 is time
10 drilling proven acreage which WIS
neglected during the past year H..
cause IL was Kept busy drilling offsets
w the tcrtinS uut 20 other territory.
i'or TINT reason the ncw year SHOULD
prove just a. rlUl - the rast IN the
development 90 new production
I'm the districir ~ Wildcat activity
nearly an Of the larger operating com.
panies are renewing their leases for
another year. which shuws that the
drilling IN those counties io date has
not Condemned them ~ any means.
although NO production has lVan'
found. aud shows the ,snfidrncr e
these large companies On the hali'i
that other large ~ pools VII, vet o..
discovered In the district. This Is par
ticulaflv true ,f C.lhhan anf Er1th
counties.
In the Pccr0 country . renewal ~
operations already har stnrtcd and
more wells are expected to hc drilling
during the new year than M the past
Twenty operators now az, active in
that territory. although somv of thorn
had hard shedding In wcathcring The
storm Of financial depression. II -
declared they have now made financial
arrangements to continue.
In Smith county the sinclair well
nine miles east of Tyler. rcecntiy hid
good oil showing ~ s3oo feet and ~
bcing closely watched.
Interest IN al activities In nan
county has been revived IN tho fact
that the gas pressure IN the Deep I.ak"
well Of the Home \, nplc's oil company
n steadily growing stronger.