The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-04-03
Colonel Humphreys Gives John D.
Run for His Money.
SUCCESS COMES IN A YEAR
The Colonel, Who Is Now the Largest
Oil Producer in the Mexia Field,
HAS Accomplished or Developed His
Enormous Income Within the Short
Space of Twelve Months-ls Pro-
ducing at the Rate of 100000
Barrels of Crude Oil Yearly.

Ooi. ~. ~. humphreys OF MeXla
Tex, promises to give John d. Rock e
feller run for his money! The
colonel, year ago needing money tc
develop his first well. now is getting
an income of S36O00,00O yearly and
hasn't reached his limit
The Humphreys interests in the
Mexia wells today are producing near
ly four times the crude oil daily that
Is being produced by the entire state
of Pennsylvania.
The United States geological sur
vey gave Pennsylvania production
for the month as $4,000 barrels, or a
total of 100000 barrels for 1921.
According to Colonel Humphreys,
the oil actually run to storage and the
tank car shipments from his company
for the n hours ending at seven
O'Clock one morning recently amount
ed to 60,700 barrels, a rate of more
than 22,O00.000 barrels yearly
This month the Humphreys compa-
MES will produce in the neighborhood
of 100000 barrels of crude The po-
tential production today is greatly in
excess sof the amount of oil actually
moved.
Income 100000 a Day
within sixty days the companys
production" said Colonel Humphreys
twill be 100000 barrels daily. and
within four months it should be above
10000 barrels. The Oil actually
moved from our wells for every day Of
the new year has been more than 5O,-
600 barrels, with several inside pro-
ducing wells 'pinched in"
The income for the Humphreys in
terests today is at a rate of approx
mately 100000 every "a hours, more
than $3,0OO,OO0 every 30 days, or more
than $36,OOO,OOO yearly.
To realize more fully just what tre-
mendous income this is, just imagine
that for each hour of the night and
day you were receiving $4,000, which
is more than $66 every minute One
scarcely could blame the colonel for
taking few weeks off for trip to
Cuba, the Panama canal and a fishing
trip on the coast Of Florida.
He has accomplished or developed
all this income within the short space
Of twelve months. A year ago the
colonel was bending his energy and
that Of his then small organization to
obtain leases covering the structure
on which he now is getting this large
production. His work was SO well
lone that today, as the structure is
being defined by the bit of the drill,
ne owns more than 80 per cent Of the
producing area of the Mexia field.
Price and Production.
From the business side Of the pro-
lucing end of the oil industry tho
important thing Ia that of knowing In
advance just what you may expect In
he way Of price for the crude pro
lecsl. This Colonel Humphreys he's
lnel to the extent Of 5000, 900 bar
~, which he sold to the Standard
ind Sinclair interests at . hxexd price
4 $50 . barrel. That will amount
o almost 100000 900 at the present
ate Of production.
In addition to that $4,000, 900 bar |
els, the colonel has contracted to de-
liver to the Pure OIL company maxi
oum Of 10000 barrels daily, which
ives an additional outlet for more
han 100000 barrels Of crude this
ear. And it's all at price not less
han $3.50 a barrel.
Preparations are under way to care
or this oil. The Prairie Oil & Gas
the Sinclair Crude Oil Pur-