The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-11-22
New Prices Posted
on Gravity Basis

BARTLESNILLE-rhe Prairie Oil
and Gas company today posted the tol'
lowing prices for Kansas, Oklahoma
and North Texas crude oil:
Below 2S degrees baume gravity, 9Vc
per barrel
% degrees to and including 299 de
erees baume gravity. $1.OO per barrel
30 degrees TO and including 32.s de-
ereos baume gravity, $l.1O per barrel
80 degrees to and including 34.9 de
srees hame gravity, Sips per barrel
35 degrees to and including S6'9 de-
grees baums gravity, $40 per barrel
81 degrees 10 and including SS.9 de-
grees baume gravity, S1.6O per barrel.
70 degrees baume gravity and above
$50 per barrel.
The effect Of this graduated scale Is
Il general increase in M'd-Contlneh'
crude. as but little low grade oil is
produced in his field.
TULSA. Okla.-The Prairie OIL ana
Gas company, the largest purchaser ot
crude oil in the Mid-Contnent HELD
this morning announced that beginning
Eith the opening Of business today II
would buy crude oil I'm Kansas, OkiH
homa and north Texas ON gravity
basis, instead OF paying the one price
of sl.25 or NOR. per barrel as II mas
been doing for the past 10 years.
Ever since the posting Of the 25-cent
differential by the Texas company lasl
summer for oil Of 9S degrees and above
It has been felt by oil men here thal
the larger crude purchasers would es'
,ablish a change In the method of buy
ing. Several weeks ago 1t was under
tsood that method less complicated
than that announced today had been
practically adopted. hut owing 10 wide
differences In the grades OF oil now
produced It is now said this simpler
llan would not cover ihe range
The new method is expected 10 prove
a stumbling block 20 small refiners.
These interests buy oil AT a stipulated
premium above the posted price OF the
Prairie company, and they have been
paying approximately the same prices
as those announced today by the big
purchaser, except in certain higher
grades where the Prairie prices an
nounced today are slightly higher than
those being paid by reflners. Oil OF
SO degrees, for instance, has been pur-
chased by the refiners for % cents
above the posted price Of Sl.25 bar
rel. but under the new schedule the
Prairie pays S1.GO for this grade.
About 80 per cent of the entire pro-
duction of the Mid-Continent field is
affected by the new method. the
Bristow field is adversely affected while
the Burbank, Lyons, Deaner, Cushing
Beggs, a part Of Slick and other out
lying districts scattered through Ok
lahoma are benefited.
While other crude purchasers had not
met the new prices up TO a late hour
today, II was unofficially stated that
there was no other road open 10 them
but to follow the lead OF the Prairie
Company If they wanted to maintain
their runs at the present levels.
The effects Of the new prices in
the local and adjacent areas, means
an liAAAtdHt lAA AlAhAAAANlA NAA EA0IAR"
ton in several districts, while 9th
ers will remain as they were. and
some Will suffer reduction. There
are portions OF the Hewitt pool
where oil OF 30 degrees and better
is being produced, and these wells
will bring $l.4O a barrel. or 10
cents more than has been paid.
The average Hewitt crude ranges
around 81 degrees. which under the
new schedule viii bring sl25. or
The -an. as before.
Districts .u th- Carter county
arct which viii h- helped under the
Now figures, provided that the 9TH
er purchasing companies compa-
nies mgrt the Prairie schedule. are
the Hcaldtou and Fox areas. which
aie now receiving 60 cents bar.
rel tuot including "a premuml and
in which thr Prairie has no con.
nectious The Ucaidton oil aver.
ages around 30 degrees. which on
the gravity basis SHOULD bring sll0
a barrel or 80 cents more than is
now being quoted. a similar change
would also result at Fox. where the
oil ranges around 3l gravity. with
the exception ot one we'll In tho
Amerada pool the status there viii
remain tho same. inasmuch as 60 is
around - gravity and is quoted at
Sl2j per barrel The exception is
the well producing from tho eii0-
foot sand iu section 2e5s.le. which
is making " gravity crude. and
which under the now us, win bring
$3.50 a barrel or an Increase OF So
cents