The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-07-23
outlook Brighter; Tulsa VIII
Make Phenomenal GrOWth in
Spite of Cut in Price

~
There are so many wells being
shut down, and so many dry holes
being completed, that the outlook IL
much brighter. and there should
Certainly be no further cut in the
price If the purchasers OF crude who
make the price are sincere in saying
that the cut was to stop drilling
There In yoing to be a lot of dry
holes completed where tests are
now going down, and II Is a remark
able fact that this applies to Texas
as well as Oklahoma. and bears out
the prediction made by j. Edgar
pew, and given In this column, to-
wit: with all the wildcat wells
there will not be another new pool
uncovered in Texas" and this was
az least three months ago, which
shows that Pew knows what he
Is talking about when It comes to
drilling operations in Texas.
For the first time. the big people
are not pushing drilling. There
seems to be a disposition to heed the
advice of the Prairie oil and Gas
company which is the boss in this
field, and many are the locations
that are being abandoned for the
time being, at the behest OF the big
people in the dominating concern,
who should now come out and make
q statement congratulating the oil
producers on their fine stand for
n curtailment and promise no fur
ther cut In price.
In any other business, except the
oil business, this would be expected d
and would naturally follow epon-
taneOus shutdown movement such
as is being carried on here. And
when IL comes to handing out
dope" there are no better people
qualified to size up the situation
than the local heads of the Prairie
here In Tulsa.
And the dry holes,-they are nu-
merous and unexpected and seem
to indicate that a kind Providence
IS looking after the poor oil pro-
ducer who is AT the mercy of a
monopoly in which he has no say
whatever as to prices. He can shut
down II he will, and thus make his
strength felt; or he can continue
drilling and take a chance OF getting
a dry hole and the natural chagrin
which must follow with conditions
as they are now.
The Burbank pool has world
OF wells drilling, but who Is there
Burbank will even hold it's pro-
duction as II is today? The new
pools at Bristow are not going TO be
developed, in spite of the fact
there are n lot OF rigs up, and many
wonderful opportunities OF making
fortune even with oil at It's pres
ent price.
For instance: Kline &c Brann,
young and full of energy, are saying
In regard to the test in section Is
l5-S, where there has been plenty OF
showings and the prospects are good
for another extension to the big
stuff in 2-15-S: I'VE do not like
the idea OF bringing in a well, with
conditions as they are now" Can
you beat It?
It may be that the Standard OF
Indiana man Is right when he says
There viii ne no gasoline for sale IN
the Continent field by August
10" because one thing is certain
the Standard OF Indiana Is making
a heroic effort TO win the bet and
Is turning IT'S energy 10 loading up
It's tanks everywhere In case OF
a shut down on the railroads.
He may he aided in his forecast by
strike OF the street car men in
Chicago. II would then require an
extra train load n day OF gasoline
10 supply the added demand for
gasoline in that town alone. When
II comes to tho time that the rail-
roads are shut down. there must be
millions OF gallons on hand to run
the motor trucks. II will be an I'll
Wind that blows good 10 the re-
Timers, providing the gasoline can
be moved. The only way 10 guard
against this Is to buy now and this,
me independent marketer, II he has
The good judgment he Is credited
with, will buy now instead OF wait
ing for another cut in price. both
OF crude and the tank wagon for
gasoline.
An optimistic cablegram was re-
ce!ved from Charles r. Peters who
IN London, says: "Oil will neces-
earily fluctuate in price the same
as other commodities. Drilling
should partially close down. The
@ uSe or oil is increasing aston
Enlngly' This reduction should not
s,op Tulsa growth. The depres-
ssloh Is temporary. Great prosper
y should arrive latter part OF pear
The time TO make money in the
u industry is whom oil Is cheap:
.nat Is 10 say, II the operator Is
"o.e 10 acquire production and acre.
IS. me prices have been so high
la u mas been impossible TO even
e'' look-in. II can be gotten now
a Spnprp RInyp 10 T.oaInIna.,