The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-12-04
In the Oil Fields
{. B. Peters Home
From EeasterH Trip

c. y. Peters returned home uuan-
nounced Saturday from a mouta b
eastern trip including a two wecka.
conference with his partner, GOV
G. y, Haskell. at their New York
offices. and IN discussing the gov
ernor's $4,000. 600 purchase Of oil
properties I'm the Hewitt field. ok
lahoma.: Eldorado Ark. field and
In the Mexta, Burkhuruott and
South Bond. Texas, districts, said
Il consider this one OF the best and
most profitable buys that has been
contaminated IN the Continent
field in several years"
Mr. Peters states that Governor
Haskell is I'm wonderful health, and
mighty optimistic In regard 10 the
general trend OF the oil business.
MI Haskell is probably the largest
individual purchaser of properties
In the United states" said Mr.
Peters. his eminent partner, "and
he has a reputation FOR eNtraordi-
narily keen judgment in the pur-
chase Of oil leases This Is one of
my reasons Tor considering his last
deal an unusually good one he is
preparing for the i922B supply OF
The purchase. whic. involves
something like t2.b00.O00. includes
more than 500 acres OF choice leases
In the Hewitt field. oklahoma. with
/ oil wells. ! gas well and 100
barrels daily average production As
reported on the front page of ycs-
terday's paper, the Haskell interest
purchased hair the Cotton Pclt OH
company properties for S35O,0OO,
and since that time, according TO
Mr.. Peters, they have taken over
the remaindcr of that company 4
holdings. In tho Eldorado, ARK.
field eight acres with production
was purchased for $500. 900.
All Of the oklahoma and Kansa g
properties will be operated out of
Tulsa by the G. -. Peters oil com
pany subsidiary 81 tho Middle
states Petroleum company and the
Imperial refining company, owned
and operated by Governor Haskell
and Mr.. Peters. other leases in
clude the Glenn Carter 13-acre tract
IN Mexia, without any production
for $4,000: the t6-acre Eliza Car
ter lease. with one we'll. for $500.
900, half 20 be paid In cash and the
balance In oil. The original we'll,
however, is producing 5000 barrels
daily.
other properties costing more
than 100000 arc those of tho
limerick oil company's South Bend
/ Electra and northwestern Texas
field production.
Mr., Peters tribute to his friend
and partner might be repeated IN
regard TO his own wonderful fore.
sight and ability to pick tho best
/ leases. lie is one Of the largest and
most successful Usage operators and
is always one OF the important bid
ders at the Indian lease sales at
pnwhuska. He was noucommittal
| however, I'm regard TO his program
/ for the coming sale, stating merely
| that the two dry holes encountered
| In the Burbank make II look bad
| for tho indian. but much easier fui
/ the oil men.
G. y. Peters and the Finance OF
/ company have s'art0l what Mr..
/ Peters considers one Of the most In,
| teresting OF Usage tests, in the
/ northwest corner OF the southeast OF
| S-27-5, where they are rigging NJ
| this week end This test IL tw,
and n half miles north OF the rea
| Burbank pool production and Is OF
an entirely separate structure" saiC
Mr. Petors. 'It will possibly demon
strste that the two structures ar.
connected by a saddle and conncc
| up with the Kansas pools.