The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-12
IN THE OIL FIELDS
ss.i, Hesdenco ran. W PICK. p. 30, sas.
y. o i,or aaS.


MIA Continent field ls the largcot oil
producing region in the world and
has In excess Of ninety thousand wells
In operation II Is. therefore, i'm.
possible for any shut down move
ment TO bring about q y1dicol result
over niEht II tpkra time, but " the
corporation continues the Cur'u.l-
mont viii have - cumulative effect
derived from the refusal 10 start new
development work The failure 20
start wells durIup the past 30 days
will not be felt before the .lattcr pnrt
~ October or November
storing Agnin Urged.
<"'rho committee takcB this 0ppor-
lunity 20 agliu urge the independent
producers to store their current pro
dutclon. feeling sure that when the
tprius drmuud for gasoline opens.
thla stored oil can be sold at q profit
and 90 time when the trnusportn-
tion facilities nr" adequate To haudlc
10. IN this connection wc again point
out that tanks nrc available ON rcn
.Hou1ble terms. practically Hll OF the
tank companies having offered TO
carry considerable portiuu OF the cost
until the oil is sold,
TO those who ntc impatient Tor
a pronounced effect from the shut
down movement ana who have been
Inclined 10 criticize because more
definite results have not already been
obtained, the committee would point
out that the new production coming
In up 10 the present time has resulted
from wells started before the shut
down movement was instituted; ana
that this committee has never relied
70 much upon an immediate re
huction Of flow caused hy shutting
down drilling wells aR N has upon
the curtailment OF new development
work Had the producers not re-
solved to dispense with new wells
nnd to cut out new locations, the
production would probably now he
considerably more than II ia and we
would have gone into the dull eeasou
OF winter with n flush production
that would not only have exceeded
marketing facilities but would have
resulted I'm n disastrous condition In
yolving serious economic waste.
1--WE know and can assure the In
dustry that without exception every
large producer has co-opcratcd In
the matter Of cutting out unucccs-
-rry Development work. n the Ftlf
coast country so per cent of the de-
volopment work is done by three
large companlcs, All OF which have
curtailed their operations. going so
far as 10 shut down drilling wells;
and this Notwithstanding the fact
that the price of gulf Cunst crude has
not been cut I'm proportion M has
Mid Continent crude aud the further
fact that facilities for handling gulf
coast crude are moro ample than
they are here. In central eastern
Texas three large companies produce
20 per cent of the oil and these
have curtailcd their new develop
ment work 10 the minimum. We
have the personal assurance Of
Colonel Humphreys OF tho Uumph-
rcys Pure oil company on whosc
word we may rely. that he will not
undertake unnecessary new work. In
north Texas we do not know OF a
single field that has not shut down
its now wori5 nj least 30 per cent.
Louisiana is likewise shuttng down.
South District Cooperating.
4 "In no district In oklahoma have
we received any hetter cooperation
than In tho south fields, including
| Healdton md Hewitt. In this district
the operators are both shutting down
and storing oil. Never I'm the his
tory OF Oklahoma have the operators
In Okmulgee county co-operated SO
completely in the matter of a shut
down an they have In this crisia We
believe that GO per cent of the CON
ltemplated work has been postponed
Iuntll better conditions Justify bring
ing the oil to the surface. Burbank
and the Usage production Is slowly
ard ~ wells arc completed
the tools are laid aside to remain In.
] In a A
more oil.
! From the Bristow district the re
! porte are not 20 satisfactory and th'
| committee believes that IL has no
| received tho cooperation In that dis
| trict that 1t had right TO expect
| The future success OF the shut dow
| movement In Oklahoma will depeu'
| largely on the action Of the producer
I'm that field. II leases are expirlnl
there, thus causing the drilling q
wella TO save leases from forfeiture
| we urge that a greater percentage O
the new production he stored by tn
producer thereof,
"In the Mid-Continent field ns {
whole the number OF driillng welli
and rigs decreased 10 per cent II
August from what they were In July
This is the first decrease in nev
development work in the past min
months, but September must show
greater decrease, Does the Mid
Continent producer realize that IN