The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-09-23
OIL MARKET QUOTATIONS.
Uerid win BE Handled
ConserUdtiUeiB

D. Julius Fohs and Judge Means
arrived In Tulsa yesterday from
Nfryp. Texas, and announce that all
ga. offsets have been cut down in
number by agreement, to n mini
mum. Mr.. Fohs makes a very inter-
rstnr statement as follows:
The Magnolia -Desenbcrg well.
which was purchased by the former
together With IS acres OF land for
$1,000. 600. net; Is 400 feet west OF
fhe axis Of the auticline, and IL con-
s.dercd very good purchase. be-
cause Of the fact that II IL making
$4,000 barrels and every acre will be
good for big wells. Tho Bass well
H. considered about equally as good"
"The Humphreys MeNia company
md associates have the most elah-
prlfe equipment I'm. the way Of Of
frcs. boarding houses and ware
houses together with recreation
park for the public and have nine
miles of tho Navasota river damned
n four different places. which af-
lords them unlimited water supply.
Twelve wells are on top Of the
sand. one being drilled In at this
time. ten locations made or der
rfrks building and about 70 other
locations for offsets agreed upon.
bat not included in the above. nine
producing wells. which would prob
ehly have potential capacity OF
$4,000 barrels, together with those
that are on top of the sand at this
time. production OF over 10000
barrels II drilled in; two drilling
wells and drilling in the prather, the
HOLMAN. the Early and arranging
10 drill the A. r. Berthelson No. 2,
=
As far as outside wells ar" con-
concerned there are about 80 der
ricks up for offsets TO the Humph-
reys properties and offsets are with
ln oue-half mile OF the Humphreys
properties and about Il additional
locations agreed upon for offsets.
The wells that are drilling on
the jackson Brothers and Trotter
lands are reported 20 have the chalk
showing high. These are each about
q mile and a half west Of the axis
Of the main anticlino and possibly
represent new structural features.
The oil from the several wells OF
the field does not vary either from
the top or lower pay nor does II
vary among different wells more
than one-half degree from 36 to 81
degrees. Recent thorough tests
NUtIf Inv tIhNhllE lll bAfSN wac hafh
show that the yield. after removal
Of one per cent asphalt and the
cracking of the remainder would
show about SIS per cent or more
commercial gasoline. BY removing
90 per cent lubricating stock. 10 per
cent cylinder stock and four per
cent wax, and cracking the residue.
the yield will he close to so per
cent gasoline"
The Magnolia company is pro-
Cceding to build tanks on its two
tank farms, one at McXia and the
other at Groesbeck az preliminary
stop to joining with its main line
and Is laying a gathering line from
the Desenberg well.
The Humphreys company is lay
ing three and one-half miles OF
gathering line to it's tank from the
vicinity OF the Desenberg well and Is
building six additional 55,00O-b barrel
tanks. this being its first step
towards its pipeline to the Gulf
where It plans to build . refinery
at an early date.
Tho axis OF the auticline as pro
viously mapped by Mr.. Fohs and the
government geologists has not been
moved hundred yards by any OF
the recent DEVELOPMENTS.