The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-05-24

producing wells making is3.i7TI
barrels daily
The total amount paid in bonus
for leases at the March sale, this
year, was sl.t1S,400. To show the
vast increase In the total amounts
paid at these sales during the past
Few years, 1t Is but necessary TO-
publish the total figures OF the
April ,l9l6, sale which amounted to-
f,954.4b0 and for the June 1916.
sale which were si,2I5,s7t, or ap-
proximately one-siNth OF the De-
cember. 1891, sale and one-fourth
OF the March, 1922, sale. II Is
claimed for Ernest W. Marland, oil
masnate OF ponca city, that he
alone has been responsible for over
sll,000,000 having been turned into
the Usage Indian treasury in bonus
and royalty money.
some Near rig stuff
Two OF tho leases which are 20
be sold at public auction on June
2s at the Usage Agency building In
Pawhuska, are offsets to the mil
lion dollar leases bought by the
SkeQy-Phillips people In March hut
they are also a half mile north Of
present production. Fourteen OF the
tracts offered In June are within
the present Hickman or western
Usage, including the two Just mcn-
toned. Altogether 2s3 tracts are
to be sold, OF v hich l69 are IN the
eastern half OF Usage county or
east of and including range 3.
Thirteen tracts lie in yange T. or
Immediately est OF the so-cailed
Hickman pool aud in which there ls
some production, Thirty-threo
tracts are within RANGES . and g.
where the Hickman pool lies. and
are TO the west OF the Hickman
or In range and 4 east, or imuedl-
ately east of Punta City. with the
exception of II. all the tracts Of
fered are quarter sections. The |
are fractional tracts. The total
acreage offered is 3i.66O.t5, OF
which s.335.70 are in the western
Usage.
Many Valuable Tracts.
All of the thirty-three tracts, ly-
Ing within the Hickman pool dts
triet. should bring big and some of
them fancy figures. In addition TO
the two that offset the million dol
lar quarters, there Is another quar-
ter that offsets one on which the
Sinclair oil company recently
brought In 3,500-harr producer,
and still another offsets one owned
| by the Prairie oil Il Gas company
with a l,l65- barrel well The total
amount received from the sale can
well he estimated at 100000 In
bonus money, and II will probably
go considerably higher.
A greater attendance than ever
before Is predicted by oil men for
the June 2s sale. This Is because
OF the upward trend in the oil in
dustry, the loosenlng Of the money
market and the general advance In
| the price Of refined products. The
production of the Hickman pool has
attracted the attention OF oil men
everywhere and spirited bidding ID
| bound to result. IL the weather
permits the sale will be held In the
open and Colonel Walters, who has
been the auctioneer at every sale
will handle the job again.
Value of Western Usage.
| In speaking of the value of all on
| properties In the western Usage, al
the present time. one oil man says
| 1t would be worth s100,000,O ,O0C
easily IL they were held by one con
cern, and that distributed as they
are among many concerns, they are
easily worth $75,000.000.
The opinion Is expressed b,
spot" Geyer. head OF ths MarlanC
Oil company geological staff. tina
the western Usage will reach tota
production daily OF $4,000 barrel
and maintain this for over a yea
by the drilling of inside location
and possible extensions to the pool
The drilling OF inside locations ha
been In progfress for about sixt!
days and the total production Il
now around 66,000 barrels. lndi
cations are that the total produc
ton will yet reach above Geyer'
figures, although his average for
year is no doubt correct. There arr
321 producing wells In the pool
All the money received in bonur
paid by oil men for leases, and alsc
in royalty goes into the United
States treasury for the Usage In
dams and Is paid to them every
| three months at an average of about
$1,000 per capita for the 2,a0C
Osages on the citizenship rolls OF
the tribe. The next payment, T.
occur in the near future. viii
| mount to $4,000 per capita.