The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-12
OIL MARKET QUOTATIONS.
Merid Fieid offers
Great Possibilities

Developments ln the Mcxia. Tnsna,
field during the past two weeks have
done much 10 remove the doubts Of
the incrcdulous Tulsans rcgurdnl
the cNistHuco OF au enormous uil
pool In this locality n viii doubt.
less be some time. until the situation
Is improved nt least, bcfuro worry
much activity viii be carried ON here,
Hs tho llumphriDs Petroleum cuui-
pany. the largest oWu,rG of acreage
I'm the flold, and other large lousc
owners have siEnin"d their iuton-
tions to hold development at ihc
lowest chb uutil the menace Of over
production now existing iH wcll past.
Tho No. Dciscnbcrg OF the West
orn Fields OH company, located on
tho northern part of tho structure
Just two miles out uf McNiI. has been
reported by the majority of rclltbl"
companies operating IN tn" tcld az
actually good for 10000 barrels per
day n H. now shut In, pending tho
erection Of tankhge facilities 10 care
for the crude. but has held up TO ita
high mark every time It has been
opened up and allowed TO flow. This
operation was drilled 40 feet " the
Woodbine sand. found about 1850
the field up to date Is the M,
) Bcrthclson OF the llumphrics pctro-
loum company. completed some
months back. which was estimated
as good for 5000 barrclH when
drilled In.
Operators I'm the Mcxia field are
very much encouraged by the an
nouncumcnt made last wook that th"
Magnolia Petroleum company hnd
purchased i75 acres two miles from
tho town OF GroegbcCk for tank
farm site. and that construction of
two $4,000 barrel tanks would b"
started Mt once, also that n pipe line
would be laid from the farm into the
field Since the order issued April
% by the Texas company 60 the Of
feet that oil purchases 10y that com
pany were To he stopped the produc-
crs In this territory have had no out
let for their oil. and the producing
wells In tho field have been pinchcd
I'm as much M possible. II tho plans
of the Magnolia Petroleum comVny
are carried out, they VIII certainly
serve as a boon for the operators In
Mexia.
The first producer of this field
was completed November by the
making an estimated production Of
150 barrels per day. At present tn"
proven area OF the field appears 10
embrace the top Of u structure six
miles long. running southwest ana
two miles wide. from the fnr,h"N
north well "a the most southwark
one. the latter being the No. OF the
Houston oil company, which is maxi
ing about five thousand feet of gus
and spraying oil, partly drilled In.
There have been completed 10 date
12 producers. seven owned by the
IIumphrics interests. one by the o"-
cidental oil company, one by the
Houston oil company. one by Blak"
Smith, one by the Woodhine oil com
pany and the last completion, owned
by the Western Field on company.
The production IN coming from the
Woodbino series Of sands, topped
about three thousand and fifty fcot
The only well drilled through the
sand, being the M. | Kennedy of
the Humphries Petroleum company.
s reported TO have found the STRAIT
um l7S feet thick, be a few thin
breaks.
A number OF large deals for acre
age have been cousummatcd lately.
The Humphrics interests are the
largest holders OF leases In the field
owning total of Approximately
seven thousand acres, and other
large inside lease holders include tn,
Texas, Magnolia and Houston pi
companies. The Iumphrics petrolo
um company now hns a wcll on tor
OF the sand ON the GroosheCk struc
ture, eight miles south OF McNia
and numerous other well defined
structures have been located by Hc
oiogists In that section of the coun
try. on which many test wells arr
being put down.
There are now 16 operations II
the proven district shut down on TOT
OF tho sand, and 20 drilling rigs arr
reported. All ofthis activity IL In
radius OF eight miles OF the lith
town of MeNia, which Is connected Il
the field by good roads. and which
has doubled its population since tn
discovery of oil IN this district rh
field Is still in Its premature stag
but much Is expected OF IL " acn tht
situation improves SO that the pro
duction will be in demand.