The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-27
WITH the OIL Men

=. n. Keoughan vice president
aud general manager of tho MUTUAL
Gi. tompauys formerly the Elk
Basin Conbondated Petroleum cor
poration. with headquarters In Den
yer. IA In the city and has lust re-
turned from Texas who're they nave
producing properties iu tne = un-
ger pool, and also between Burk-
r. EFT and Wichita Fails in what
Is known as the Tcxhoma pool The
property owned by them In the Bun
ger pool adjoins the properties Just
acquired by Cosdcn & Co. ana Mr.
Keoughan says the property owned
by n. company IN the Buugcr pOOl
Is producing between 200 and 500
barrels daily and that the oil Is
nice and about 3S gravity. Mr..
Cook OF WoriRnd, Wyo., n direc.
tor OF the Mutual oil company, and
IL. y. Iantz OF Casper. Wyo., who
/ hns bcgn associated with the Mutual
/ OH company. The latter Will make
Tulsa his home from now, and mas
/ a lot of friends here who Will give
( him the glad hand Mr.. Iantz was
| formally hicf Of scouts for Cosden
a. Co. and was extremely popular
with the newspaptr men who de-
/ pended upon him for news. Mr.
/ Cook, says he expects to return to
/ Tulsa, and the chances are that It
mean that the big company is
going 10 get into the game wniF
/ the getting Is good. The fact Is
hot the Mutual oil company al
ready has much inside acreage in
Oklahoma fields. .. II. Williams of
! IA sa CITY is president Of the Mu-
tual. and judge +. w. Freeland,
| chairman of the board OF directors.
!
Jim Gardner, president OF the
| Gardner Petroleum company. has
returned from n trip to New York
and Washington, and says that he
learned that among the exporters
there Is n steady increase Of inqpir-
les for orders of refined oils and
that the same thing is true Of eX-
port OF manufacturing machinery.
One manufacturer of metal wOr6-
ing .lathcs stated that the last 80
days had shown as much Inquiries
TO- orders from Europe as the past
four months. A lot of oil is now on
the market stimulated by local
areas of flush production, but II
must be remembered that the In
crease OF demand would not have 10
be in great percentage In order to
put the curve ef steady, permanent
demand above the curve of present
production. which in the near fli-
ture will in all probability decline
on account of local pools passing
their maximum OF production. lie
looks for Il steady demand ia the
face Of erratic and probably falling
supply from March / on through
this year, lie believes It is the de-
sire of the big pipeline companies
TO keep the price of Mid-Continent
crude from falling IL possible, and
1t will pay the producer TO hold up
ON drilling for higher oil later in
the year.
W. IT. Foster and w. A. Reiter
geologists for +. Julius Fohs
Humphreys Mexia company and
Humphreys Texas company and Earl
Sneed, attorney for the above COM
panies, have rendered their resig-
nations TO become effective Fcbru-
ary Is. Foster and Reiter will
open offices i'm Dallas, Tulsa and
Me&ia. as consulting geologists, and
Earl Sneed will be associated with
them as attorney. Foster and Rel
ter, while employed by Mr.. Fohs
worked out and mapped the Mexia
structure in Limestone county
Texas, while Sneed blocked the
; acreage and attended to legal mat
ters.