The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-11

Producers have a little something
to be optimistic over. as the produc-
tion reports for the past two weeks
nave shown small decreases In the
total OF oklahoma. as well as the
Mid-Contincnt field, due to tho shut
down OF drilling As news ~ this
sort is the only kind that can sub
stantiatc cheerful feeling nova
days, everybody should take advan-
tagc OF the fact that poduction is
falling, come out NJ the gloom. shut
down every other wcll that is drill
ing In the. field. defer shooting any
more producers for six months--and
SGT back and watch things reach an
equilibrium again.
The Industry Is now passing
through a crisis. and no mistake. II
a shutdown is effectively followed
out, there Is no doubt that produC-
tion will show continual decline
for the next few months to point
where talk OF boosting the price Will
again be in the air.
II "A shutdown In not effectively
followed out, and production Is kept
at It's present level. Il is Just mat
ter OF conjecture how long Il will
take the available tankaGe to be
ibUt lliAtd WIN lIlP surplus bllt
and then We all know what to eX-
pect.
one authority on tankagc in this
state, has estimated that there Is
enough available tankage to take
care Of the surplus oil at the rate
IL Is now being stored for several
months to come. This somewhat
displaCcs tho idea that curtailmcnt
OF runs. due to filled tankagc IL i'm
| mlnent, however. IL does not fore
cast any immediate increase In tho
/ price of crude, as long as an enor-
nous amount is being stored.
! There IL no other solution OF the
matter than to cut the production
There is no other way to cut pro-
duction other than by shutting
down. Every operation counts and
not another test In the state should
be started that can possibly be
aovided.
Big Wells In Gushing Dtarict.
The past week was certainly
banner one for the Gushing field a
far as new production Is concerned
Three completions during tina
period added approximately $50
barrels to the total for that district
In the early part of the week. tn
No. 6 we'll OF Hale & Cassidy, located
in the southeast corner of 30-lS-l
was drilled into the sand and starte,
out making an estimated production
Of 1900 barrels This operation,
twin location, topped the Skinne
sand at 3,lS5 feet. and was onl
drilled feet in. on the sam
lease, the No 7 well in the north
! east corner of the southeast of tn
southeast Of section 80, one locatio
, north of the big well. was given
shot OF 20 quarts and developed
production of only 40 barrels pc
/ day. The latter operation found tn
skinner sand from 3,l75 to 3,l9
feet.
Saturday the Shaffer oil & Refir
| ing Co. drilled its second well in, lc
| Gated In the center OF the east lin
, OF the southeast of the southwest c
| 30-1s-5, and the operation was la'
, reported to be looking equally q
I good as the No. we'll. one locatio
, south. completed the week prcviol
as 1,2O0-barrel producer. TT
sand topped at 3,2l5 feet. had bee
penetrated l3 feet, at last report
:. and the well was making 500 barre
! per day with the tools in the hole.
The past two weeks have adde
!. three 1,200-barrel wells to tn
fields list of producers, all OF whic
g have been located in the south pa
n of section 10. The Shaffer Oil con
pany's No. we'll was located in II
= southeast corner of the southwest
I 30-lS-5, the No. well two location
= north, and the No. we'll of Il
{ Hale d Cassidy interests In Il
n southeast corner of the section,
half mile east. This end of the pot
n which was formerally consider,
= ont OF the big nav, is now in Iii
- for a lot OF Improvement and N
. doubtedly will yield a lot of produ
>, tion.
y Hcnryetta District Center of Intcre
The territory south OF Henryet