The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-02-02
IN THE OIL FIELDS
Office, s241 w. II. PECK Residence 2442
Residence 2442

Doctor Day. collaborating first with
Or. W \ Reed. and with Ralph Ar
mold, Day Says. In Oklahoma tho
remaining productive capacity Is Ga
imntcd by W. j Reed of the United
States geological survey nj mint
mum OF 2S2.S75,0OO barrels
Meyer was safer prediction
made but why ana how 40 definite
I'm his fipurrs2 The state OF Okla
homu has produced since January
I. 1909. using published figures of
tho survey about t.O5O.0O0.0O0 bar
rclg ~ OH. nearly 400 per cent more
than Mr Rood 20 accurately 'esti-
mated II would produce.
But this ~ not nll--thcsc latter
day prophets tell us there ~ atill
in the ground In Oklahoma I3OO,-
600 600 barrels of oil. which brings
Brod's prophecy to n margin Q
enfoty ut total Of $40 per cent.
Some guesser' ana surely n
'cinch' player. was Reed.
"The second Of these remarkable
predictions ia the article referred 10,
IL tho one by Mr.. Arnold Again
quoting Doctor Day In California
very careful measurements by Mr..
Arnold have resulted In an estimate
of 4, 500 600 900 barrels OF petroleum
stored in tho rocks OF that state.
Of which perhaps b.OO0.0O0.0 1000 bar
rcls may be expected to be pro-
duccd'
since January I, 1909, according
to tho United States geological sur
vcy statistics, California has pro-
ducod about 100000, 600 baycla.
And again these latter day prophets
give this state california; NJ yet
containing 1850. 600, 900 barrels, or a
total for comparison with MIR. Ar.
noldH very careful, measurement
made IN 1909, OF 2.95O, 100000 bar
rels. aa against Arnold's figures OF
California having n recovery or
3, 600 ,OOO, 900 barrels Now Mr., Ar
mold was very WISE his recovery os-
Innate Is well over co per cent. above
tho latest returns, and together with
the non recovery margin, makes any
successful attack on his careful
measurement almost impossible, at
least during his lifetime, and that Is
far ahead OF any results obtained
by the older pophetH.'
zone could run through the vhri-
Gus predictions OF tho publications
Of the bureau of mines In other yonrs
and find many similar 'prOphosies.
ali OF which might better be forgot
ten as far az they contain any valu-
able information for the public. ana
probably their authors hope they
have been forgotten.
but II these elder prophets have
faileN, what Of this new prophecy
OF the fiftcon eminent goologists'
and the present heads OF tho geo
logical survey who. according 10 the
press notice recently released, say
Fortunately estimates OF our oil re-
serve can he made with far greater
com plctcncss and accuracy thnn
ever before
.'If Il can't. God help them. for
they surely commit themselves TO
definite figures. They give us n
total reserve of 1000, 900. 900 barrels
and fairly definitely place 1t by
states II can bo assumed that some
/ OF the generalitlcs OF figures by dis-
tricts nre necessary on account OF
lack of space In this preliminary no,
ticc. and that later we VIII be told
lust where this oil Is for surely they
must know, otherwise 40 many
eminent geologists' would hardy
prescribe to n mere guess
"The oil producer awaits with bat
cd breath tho fun particulars as 20
the exact location of 1000, 1000
barrels of oil II IL fortunate thar
none of this In In the New England
states--as his natural inclination u
to take Things easy--because drih-
ing campaign there would be TOO
much like vacation. Undoubtedly
tho services OF these '15 geologists
will be greatly In demand.
"It is true that some OF the best
fields In this country have been ais
covered by some fool wiidoattei, :.
and even without the approval OF
geology, until after its discovery. can
II be that there may be more sucn
fields, and as n result there IN more
than 1000, ,OO0. 900 barrels which are
known to be In the ground, and " 40
how many OF such fields are there
and how much more than 9,0OO.OOO.,
600 barrels is there still unproducet
I'm these United StatesI where u
the 100. 900, 900 barrels that are stu
lunproduced In New York statef n
tho present rate of production II
that htate, New York should be pro
lduclng oil FOR at least 100 years u
como, while Texas and Louisiana
with q total OF a,29b 900, 900 barren
vet 60 produce. at their present rat
OF production should be bone dry
In 21 years.
"Of course, the best thing 70
I
to pass "A law making II n capita
offense for these fifteen geologists
10 entet the state. or divulge tn
secret of location of this vast re
serve OF oil.
Before ono takes too seriously
this now celebrated report, II woui'
. be not only the part OF wisdom q
further study the previous prophe
J cies regarding tho future OF oil AM
= we have many of them only n teN
= OF which are quoted above, but the,
I should also know bester our geolo
glsts, their 'ifs,' their prohables
their reservations and their sub
I Ject 20 certain conditions REVEALING
which have made them the ren
'Allbists OF the oil business. Whel
, YOU understand them, they are reall
fine bunch OF fellows and n mos
useful asset 10 the business of pre-
ducing oil. when they 40 into IN
field OF prophecy they are not II
their true sphere of usefulness, ant
Insofar only as they do SO indulg
themselves, are In grave danger o
becoming the 'quacks' of the busi