The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-11-25

4G,S05 barrels per day In eastbound .
deliveries over runs.
"Whilo the final figures are not |
complete for tho month or october,
yct with regard to runs they are /
complete and show that in that |
month the east-bound deliveries OF
tn Pr,arie Pipe Line company were
above 1900 barrels per day. The
runs OF the Prairie Pipe Line com
pany were les I'm the month OF
October than in the month OF
September.
ct must be remembered that the
Garter oil company has a line OF us
own known as the oklahoma Pipe
Line company which runs south to
Baton Rouge. During the last year
much Improvement has been made
on this line, new pumps have been
Installed, It's capacity increased
until today It has "a capacity or 25,-
600 barrels day and every pump
I is working at the very highest pres
sure that they dare put upon II, ana
I so are those of the Prairie Pipe Line
! company Every station II has is
doing It's level best and the only
reason IL is not doing more east
I hound business is because it has not
/ the capacity to put 1t through the
! lines | think | am safe In saying
/ that the Prairie oil d. Gas Co. is
/ delivering out of storage today. and
has been for a long time, more than
forty thousand barrels of oil per
day, under some sort OF price con
tract or arrangement, with whlch
the oil industry is not familiar. THIS
oil represents an average cost tc
1t Of $3.50 per barrel
Let us take tho Texas company
as an example. | would say rough
ly that 1t is drawing on stocks
Of at least ten thousand barrels per
day; the Humble Oil " Refining Co.,
Il subsidiary of the Standard Oil
company OF New Jersey, has been
drawing on stocks since August for
al least 5000 barrels per
day. Both the Standard Of Louisi-
ana and the Atlantic Refining com
pany, with stocks Of crude oil In
Louisiana, have been drawing heav-
ily on them for the last two or
three months This may be easily
placed at 10000 barrels per day
Both OF tho Gulf companies and the
Magnolia have drawn to some eX-
tent upon their storage of lie oil
in the past two or three mon -ns;
, think this could be safely estimated
at ten thousand barrels per day be-
tween them. I. we arc 10 take the
produc ion of the Carter Oh com
pany as shown by its tax returns, and
compare it with the pipeline deliv'
cries which it makes through lts
own line and through the Prairie
pipeline. It must have drawn OF
stocks for at least twenty thousand
barrels per day. The Cosden Pipe
Line company has continually
drawn on stocks throughout the fall
no
I challenge these large companies Il
show the figures and let the pro
ducer Of crude oil know the exac
facts There Is no doubt that stock
of Mid-Continentj crude are beint
drawn upon and /have been draw
upon for some time at the rate o
125, 900 barrels per day.
Selling OIL on Gravity Basis.
The Praire Oil 81 Gas Co., afte
having received my telegram of No
vember Is inviting it to be her
this evening and participate in thi
discussion al to what its dut,
was to the producer, on Novembe
90 posted new set OF prices base
on the gravity Of crude oil. This
step In the right direction an
It is to be commended rathe
?, than conde mhed for taking this steT
= Up to the present time, the Prairi
a oil & Gas Co has undertaken {
II make a price by districts In o;he
e wo, ds, instead of making the pric
a upon a gravity basis. 1t fixed a
Is arbitrary price In certain district!
d Two years ago, when the Price o
e oil was on the downward turn tror
II $3.50, the Humble oil & Retinin
a Co OF Houston, Texas, subsidiar
II OF the Standard oil company OF Nel
n Jersey, undertook to put INTO ef
'r feet differential OF 80 cents o
g, north Texas crude oil over tn
20 Oklahoma price. 1t discovered
It of course, that differeutial cou!
not be put into effect on deciinin
le market; however, last summer whe
lr the price was raised from 81 to s
l. the Prairie Oil e Gas Co. joined n
a, idea and n differentlal was estat
ld lished. making the price of mort
of Texas crude oil 25 cents higher tha
k the price of oklahoma crude oi
te regardless OF gravity. | criticize
re this at the lime as being un .ust an
e | unfair and without rime or reaso
IN was surprised at the time thu
Prairie oil q Gas Co. would len
10 itself to any such foolish idea
80 price making. drawing iine sayir
nr that oil produced on the south sid
80 Of the Red river was worth 81!
~ because 1t was produced on thi
90, side while on the nor.h side It WI
,,v worth 25 cents less because it was {
- the no"ts side. disregarding entire
90 the value of the oil. l am glad
y, know that this different!al has bee
49,, abolished and that Al gravity {
'' a is worth as much to them on oi
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