The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-15
BdrHsddH OIL Company
Officials Optimistic as to
Situation

/ Il. q. bartlett, vico president OF
/ the BarnHdnll oil corporation; John
] l.. Gray vice president; j. r. Fur
| long. treasurer. and K. y, Barth,
/ head OF the accounting department
/ OF that corporation, are In the city
| from New York comforting with
| General Manager II. A. Broomficld,
and visiting their vast properties In
| the oklahoma fields. ana particu-
] larly iq. the Osagc.
without exception, these officials
| from the east are optimistic regard
/ Ing the oil situation as " now stands,
ANA unite In declaring that "A cut In
! Mid-Contluent crude IN not expected
and not even u possibility
"Of course our opinion Lea likc that
OF so-ca'led experts; nothing moro
| than "hunch.' said Mr.. bartlett In
discussing the situation yesterday
I'VE eastern oil men do not antici.
pate n cut In Mid-Contluent crude,
aud since there Is no question but
that business IL certain To pick up
| with the advance of spring. when
| markets for both crude and refined
stuffs always open up, but with the
| Invasion Of salt water In both tho
Mexia and Mexican fields, we OKLA
homn operators have nothing more
to fear; " prices tluctuatc NJ all at
present, the possibility is that they
will advance it anything.
"The only thing | can see,' con-
tinucd Mr. Bartlett, Els that prices
for Mid-Continert crude are bound
to advance although there Is
nothing definite To base ones opin-
ion on and the only thing to do Is
lust as we are now doing; ait stchdy
and curtall drilling to only the nor
NAL number of offsets that we are
compelled to drill to retain our
leAseg
John l.. Gray, vice president OF
the Barnsdall corporation, was even
more specific: I'VE find the do
mand for our refined stuffs ipcreas-
ing the past several weeks and bust
ness on the upward trend In every
departments We are now running
our refinery at Barnsdall Okla, ai
so per cent capacity and VIII have
IL running fun capacity within a
very short time. The MeXia field
has ceased TO be a menace ana VIII
soon be out oc tho running, Just 40
the great Mexican fields are now
thCre ia no possibility of "a cut M
price In Mid-Continent crude. east'
crn operators do not think that q
possibility"
j. II. Furlong, treasurer of tn,
. Rarnsdall corporation, and who Il
absolutely iu touch with tho flnan
! | Cial end Of the game both from the
| wall street end and the Mid-Con
| tlucnt Held, says. The B0rnsdal
| corporation Is very much gratific'
| with the present outlook, ANA IN
daily increasing returns in our busl
moss one thing is certain, none!
- is getting much cheaper, the lid
I uidation Of froZoN loans Ia puttlul
= | lnnltu1 intA alItnlnfl Ion Wnigl
= Is already having it, effect upon tn
: oil industry | find that money !
% much easier In the east, particular
In New York. than In the cities u
the Continent nold, however
q Mr.. Barth. OF the accounting de
II partment, echoed the opinions o
his fellow officials. and was OF tn
|. opinion that with the opening u
10 the spring trade and the greater dc
maud for gasoline and other rc
fined stuffs, the situation woul
0 speedily resume It's normal conditio
q of prosperity again, General Man
10 aEcr bloomfield nodded agrcemen
n. To the deductions Of his follow OF
'- iiccrs, but refused to be quoted /
regard to anything,
Mr. Broomfield will pilot the east
cru officials OF the Barnsdall corpo
p ration over the Company's holding
a I'm the OhdEo TINS WICK, lNtluulO
r.. "A visit to the new city OF Narnsdal
which until January first was know
as Bigheart, In the Usage. Bighcar
T. changed to Barnsdall boy populu
Ut vote OF the 1000 inhabitants In
In thriving little oil city. which ha
been ln existence since 1915, At tina
time an Usage lease sale was hel'
~ the town laid out aud named /
J. honor OF Chief Big Heart, then chile
<, OF the Osagcs
T. Two tornadoes have since almo'
'e wiped the enterprislng town off IA
a. map. each resident now hcin
,N equipped with "fraid hole ju'
outside his kitchen door tor cmCrl
encics, Living I'm that city an
e. making II their trading conter M
Or 400 Barnsdan oil corporation on
is ployes, while that corporation owt
40 houses In what Is known as III
Barnsdull addition, n plat OF
H. acres In one OF the best residenI
es districts
r. Among the numerous shops N
r. small Industries connected with Il
We production of uii--and the Bnrnsda
e corporation has more than one thol
sand wells now operating In q
Usage, with the curtailment progra
o. on--are a refinery uf 5000 barre
o. daily capacity with lines directly
10 It's own tank farms; several war
ID houses, camps, machine shops, boil
AsNt. IL.