The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-09-11
OIL NEWS
FROM LOCAL AND SOUTHERN OKLAHOMA FIELDS
BILL. KROHN
LOCAL AND NATIONAL
REPORT INTERESTING

During the month OF August there
were 81 wells completed in the fields
of Carter county including 81 oil wells,
three gassers and seven dry holes. The
now producers yielded initial produc-
ton of 4 ,924 barrels. During the month
there were Is rigs up and building and
100 wells drilling.
In number of new operations, Car
ter county was in fifth place as COM
pared with the other OIL producing
counties of the state The Cotton
Stephens counties aree occupied sim
liar position, both counties numbering
1885 new operations. Leading the coun-
ties of the state was Usage, with 34l
new operations Creek was second with
326. Okmulgee showed 1855. and Ok
fuskee 14S.
Carter county was fourth in amount
Of new production. Usage was leading
with 29,490 barrels. Creek held Sec
end place with 27,435 barrels, Garfield
Noble had 7,7l5 barrels.
State Figures.
Figures for the entire state showed
decline in August as compared with
July. Compilations in August number
ed 625 as compared with 745 for July
new production totaled S5,446 barrels
in August and l55,0Si barrels in July
dry holes numbered l4j in August and
LAG in July; gassers numbered % III
August and 49 in July; rigs numbered
344 in August and 423 in July; drilling
wells numbered 1852 in August and 1874;
in July.
Production of all the fields OF
the United States, with the excep-
ton Of California, which incident
ly does not affect the eastern quo.
tations, showed a drop of 54,41S
barrels during the month OF Au-
gust, the figures reading 239,
barrels as compared with 2S6,96l
barrels during July. This report in
dlcates that conditions are iinprov-
ing relative 10 a forthcoming rise
in quotation. il il works out as ex-
pected-namely, that q drop in
output will bring about the desired
a improvement.
Mexico Slumps.
: Reports from Mexico continue TO b.
!. cheerful, IN that continued slumps ar
, being noted in the yield of the field
, there According to an item publishes
= in a recent edition OF the Wall Stree
! Journal, in the "a hours ending a
= m, September 4. Mexican Seaboarl
: produced 10000 barrels OF OIL com
= pared with 10000 barrels during tn
= preceding day. \ few months ag
this company was producing 10000
: barrels daily, and the loss in its outpu
. is regarded as one Of the most sensa
' ional in the history OF oil. The dro
= followed the abandonment by Mexican
" Petroleum Company of two tests i
y Chapapote NuneZ and one In Cerr
Y A2ul, making the outlook for a futur
supply In Mexico uncertain.
The Toteco pool is being de.
h pleted rapidly, and its total exhaus'
5 lion. as is now indicated, is com
h ing quicker than anticipated. The
: three dry holes recently abandoned
$ were drilled in what the operators
r in Mexico believed was certain ol
territory.
% The Journals report states furthe
% that production In the Toteco pool /
. the 24.hour periods ending Z n. m
% September / and . was $4,000 and SO
o 900 barrels respectively. Cult oil pr
10 duocd 81 900 and $4,000 harrels; McxiC
70 Petroleum $1,000 and $4,000 barrel
10 and Mex.con Seaboard.. $4,000 and 20
70 000 barrels respectively.