The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-02

with their lines north and east,
while the Pure OF company IL lay
Ing "A limo tu the gulf distance OF
about ISS miles Each of thes'
unss will cost In the ncighhorhood /
OF 1000 600, or a total expenditure !
OF $4,000, 600 or more. The Humble
and Magnolia each had 60 run about
20 miles In now sinch limo to con
meet with their trunk lines To the I,
coast. This will give the McNla |
field an outlet by pipeline OF APP
pruXimately 10000 barrCls daily, |
not later than March /.
More than JO,000.O0O barrels or
storage Ia under construction which |
will cost close 70 100000. This Is |
/ not tiguNuE the storage erected Nv
many uf the smaller ,outpauice, Tho
Magnolia ia building l0o 10000
/ barrel tanks. and has already mute
I than half of them completed, The
Humble company " building 100 oi
7 the same size tanks, an dhas com
I pIctcd about sixty. The oiUt.hr IN
| tcrcWs are building &. OF the 10000
barrel type tanks.
The Humphreys and McNia com
pauy has contracted Tor ~ ut INC
h5. .OOO- barrel tanks. Tho Hrhtic Is
building 90 Ot tho ba,oON harrCg
and the Gulf has contracted Tor ~
of the 55.OCJ. barrel tanks. All me
itanknge is under construction with
rush orders Never in all oil his
cory have the large companies made
such gigantic strides TO caro- Tor
crude "a they have In the MoNih
field.
Tho production " the Mcvia field
la led by the Humphreys MCNA
company, which today ls MOVING
about 10000 barrels OF crudo win
a number OF its 80 producing wels
shut I'm. The Humphreys intorrSls
would have a daily production nl
I7b,OO0 barrels IL their wells were an
turned loose. The balance or lh'
proauctiun H. distributed about as
follows. The Humble on a Rotln-
ing Co with $4,000 barrels dhlly
Tho Magnolia Petroleum COMPANY
yVlth 3g5OO barrels daily; tho kithy
Petroleum company and the Mon
arch company with l5,OOO halie'A
daily; the Kirby Petroleum com
pany on tho Harris Lease with S,Voo
barrels daily, the Sims on com
pany with 1000 barrels daIIy; th'
Middle states tCoylo ana othersJ on
the Garter lease with $500 barrels
daily: the Gulf Production COMPANY
with $500 barrels daily, the u, j.
smith on company and tho 1idai
, OH company with 1000 barrcls
daily. the Atlantic Oh Production
company with $500 barrels daily
the Houston OIL company WIN
10. geo barrels daily from the bialc-
wells Nos. 3. and 8; the u =. IVN
il on corporation with l,bOo barrels
, daily and misccllaneous prodneuou
, about 5000 barrels daily, making
total production daily actually NOV
' ing OF 1s1, 500 barrels 49,.
, 4 wear ago tho Humphreys MeNln
( company was using its energy ana
I money in blocking acreage In th'
Mexia field. while today TINS com
pnny has 80 producing wells WIZ
J 40. wells drilled TO the top OF tn'
sand, standing In cement, ana reauS
10 drnl into production as soon a.
! The pipelines are ready for them
Thia company has 55 wells drillint
and IS derricks up ready for too'a
! They are completing wells To-Day a
a rate OF 40 per month, ana ar
, building two new derrlcks onlls
= 'rhis is ali on acreage that yea
aRo had no commercial value so IA
4 aa oil was concerned. Today tina
a acreage has an estimated value .
a approximately SlOO,O0O,OOO.
d The last day of 1921 saw bl0 der
rIcks. OF which 81 were producln
woIls. seven dry holes, thrco ~
wells, and l67 derricks waiting 10
tools, There are 80 loading rack
with an average loading capacity 9
40 cars each. The gathering ca
10 nacIty of the larger companies ar
'e the Magnolia with a capacity or 80
~ OOe barrels daily. the Humble VII
IL capacity OF 10000 barrels dali,
a the Humphreys Mexia with a ca
n pacity OF more than lOo'ooo parIs
~ dauy while the smaller companlc
"A have "A gathering capacity or ny
70 proximately 10000 barrels daily.
il. II is believed by the experience
D. heads of the oil industry that IN
y, Mcxia field will pass tho 10000
,r barrel mark In daily produc,'on r,' 1v
IA forc the first OF April 1922. tn
* viii rival the Cushing pool Of Cree
IN county. Oklahoma, which gave !
N the industry a daily average
4. 2Ss.600 barrels for the month :.
1f Anril 1915, which record 10 da'
llp1 nv DOf