The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-15

sumption about equal 10 domestic
| production ana Mexican imports. but
/ this ia possible only through exten-
fivo Withdrawals from Mexican
/ storage"
In order 10 keep up exports. says
/ Herald, tremendous lnroade have
| been made on MoMco's stored oil
Imtil now tho amount held In Horngc
Iin that country Ia known 90 be less
thnn ten million barrels.
Herald has prepared % chart show
/ Ing tho production NJ tho various
pools in The south Oold. which is the
/ big factor In the NoHcan situation.
i IIc h1a compiled this chart from the
monthly production Of each well in
I Tho territory the figures having been
] Obtained from the operating COM
pan."e
Tremendous Failing orr
Tho production Of the south folds
/ in December. 1921. was approximate
ly 2U,2Oo.O0U barrels I'm August.
1929. tho output was 1000 600 bar
rois. For september. he asorts. t
viii be- around s.0OO.D0O barrels. Tho
Totcco-Dcrro Azul area I'm December.
1921, pr.dudod 13.sOO. 900 barrels.
but, az before stated. has declined
100000 barrels q day. or npproxl-
maioly 90 per cent
Lower Chlnampa md Upper
hmutIan 100 January. 1921. produced
2l,5u0.000 barrels. This area now ie
producing only 100000 barrels
month. IN fact r. has been strip
pTng' about this amount OF oil each
month since last October
As This pool declined. the opera
tora began developing Southern
Amltlun and Totcco-Cerro Azul. The
Southern Amatian district has come
and gone. lt also is "strlppor"
proposition now. And the last big
one, Totcco-Ccrro Azul is slumping
rapidly.
Tho big operators IN Lower Chi
naWpa ana Upper Amatlnn. who
were the Tldc-Mox. Curtoz, Aguila
and Texas, were compelled, as their
production went 10 water, to pur.
chase oil TO III their export require
mcnts from the Mexican CUR. In
teruatlonal Petroleum and Huasteca
JMoXlcan Pctroleum). who are the
three big operators In Toteco-Cerro
A2ul. international Petroleum Is
owned by the Mexican Seaboard and
II was reported from New York only !
a few days ago that It's production |
had declined from 100000 to 10000 |
barrel day.
The north fields Of Mexico oc-
rordipg TO Herald. now are produc-
Ing about $4,000 barrels a day II 1
all new wells were connected to the |
pipelines. this field. he believes. |
could not possibly Increase It's pro-
luction 90 more than 10000 barrels
4 day, 40 this cannot be- regarded /
~ a vital factor In the situation.
Slump to Continue,
Domestic consumption probably |
will show a substantial decline as
he winter period of curtailed de-
unnd for refined products ap-
,roaches. but, IN tho opinion Of
Herald, next summer will see much
did d-Continent crude Withdrawn
rom storage. Total production for
dexlco. no believes will be down to
100000 barrels a month by jan
lary this estimate is based on
10Th tho north and south fields pro-
Iuc!ng at their maximum. where as !
he north field now is about $4,000
,arrels day below it's estimated po-
entail maximum. This production.
10 believes, then can be held fairly
teady.
No other big fields are in sight
n Mexico. says Herald, although
ome OF the areas already known to
10 limited In extent may increase
heir output slightly. However, this
Increase, he asserts. cannot possibly
tho slump In the
POOLS now going TO salt water.
This is the first time that the Mid
Continent producers have had an
TO get line on the real
ituatlon In Mexico and II should
make them feel that this s1.25 bar
el business will not last forever.
he year 1923 should he a mighty
prosperous one for the Mid-Contl-
tent operators,