The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-11-24
Greater Amount Local
Crudes Quoted Higher

With the meeting OF the new Prai-
RE schedule OF classification Of crude
oils on gravity basis and its purchase
on such scale, by the majority Of the
large purchasers in the local areas, the
status of practically all OF the fields
In the local district has been affected
with the greater portion of the produc.
tion raised in price There is every
reason TO believe that with some clean
up work on leases in various fields of
the county, meaning the erection OF bet
ter storage facilities and other improve
ments in conservation methods. many
oils which now fall below the gravity
Required Of them to maintain their for
mer level, can be brought back and
any decrease in price eliminated.
In general, the majority Of operators
in the local fields are apparently sat
isfied with the new method of pur.
chase. Some feel that a larger margin
might exist between the various classi-
tcations as TO gravity The pipe lines
have signified their intention of run
Aing crude from leases in a manner
which will minimize any cause for ar
gument, and are now busy in perfect
ing plans which will facilitate matters
in this respect.
To Separate Oils
There is every reason to believe that
the operators will take advantage Of
the new rates by separating their oils
as produced by their various wells, SO
Rs to obtain the maXlrifum figure for
their production. II the margin be.
tween classification was greater than
1t is, the mixing Of the various grades
might still be carried on, but as it is,
small fractions will mean a great deal.
Bristow Suffers
An area which is harderd hit than
ANY other is the Bristow field where
about $4,000 barrels will be classified
under the 81 and s1.10 rating. The oil
in the Bristow field formerly brought
$125 per barrel However, there is con-
siderable production falling under the
SLIGO and $3.50 figures. The fact Of
the matter is, in the opinion Of those
who have kept in close touch with the
situation, that the Bristow pool was
one of the chief causes for the new
price schedule being put into effect.
The move of the Prairie people results
from the previous posting of differ
entail Of 25 cents in the price Of oil
Of 3S gravity by the Gypsy and Texas
companies with the Texas people estab-
fishing the difference last summer and
the Gypsy a year ago. This action sig
nified general change in the methoo
OF buying oil, but the move was not
made until it had been proven TO the
large purchaser that it was effective
in securing greater amount Of high
grade oil
Approximately 1000 barrels OF the
total of 425, 900 barrels produced in Ok
lahona daily, will now be quoted at
from sl.40 TO $3.50 per barrel. OF the
balance 175,00O barrels is classified
at from 3S to 34.9 gravity bringing sl.25
per barrel, and the remaining $4,000
barrels comes under the S2.9 degrees
and lower grades quoted at from 80
cents TO sl.lO per barrel.
Local Fields
The local fields are affected as fol
lows
Hewitt, gravity ranging from % TO
IS degrees now bringing Sll0 to SLIGO
per barrel. Former price sl.25 per bar
rel.
Healdton, gravity ranging from eS 70
80 degrees, bringing 81 TO sl.10 per
barrel. Two wells In Healdton produc.
ing crude OF 42.5 and IS gravity. now
quoted at 81 so per barrel Premium Of
1920 cents paid FOR 9s.32 gravity oil,
Former quotation, 70 cents.
E,ox gravity % to a deprepg vou
quoted at 81 10 sl.25 per barrel. 20 cent
premium paid. Former price, 7j cents
per barrel.
Graham. gravity to SS degrees, now
quoted at 1925 to sl.6O per barrel. For.
mer price Sl.ej.
The operators Of the Robertson, Vel.
ma. Alma, Loco and 2s-iw fields are
awaiting word from the Magnolia Pc.
troleum company Us TO its status on the