The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-07-12
April Report of
Industry Barometer

NO Improvement In the oil industry
for April as compared with March of
this year is noted in the barometer bas.
ed upon a combination OF geological sur.
yey statistics of crude oil and bureau
or mines statistics of refined products
and which is published in the bule-
tin dated June 80 by the d-Continent
Oil and Gas association.
The excess Of production and imports
including crude and all liquid products
over consumption and exports was 49,.
O41 $50 barrels In April and at the an
nual rate OF 227749326 barrels. This
annual rate OF excess for April year
ago was 12l l20 sos barrels.
According to the geological survey,
the total production OF crude oil in the
United States for the first five months
Of 1922 was 22l ,697 900 as against 1876.
255 900 barrels for the first five months
in 1921. This is an increase in the total
domestic production OF 25.442. 900 bar.
rels of IS per cent. In the Mid Cont
nent Field the total production for the
first five months of 1922 was 129.369..
900 barrels as against 103, ,634. 900 bar
rels for the first five months OF 1927
showing an increase OF 25. 1875 900 bar
rels, or 24.8 per cent. in other
words, the increase I'm the production
in the Mid-Continent Field was greater
than the net increase Of production In
the United States as whole. The
Mid.Continent increase was 1912 per
cent of the national increase.
The total pipe line and tank farm
stocks OF crude oil in the United States
at the end of May, 1922. amounted TO
237 10000 barrels as against 156,56l,.
900 barrels at the end OF May, 1921, or
an increase OF s0.s5s.000 barrels or ST.
per cent. The Mid.Continent pipe line
| and tank farm stocks OF crude at the
end OF May. 1922, were l5l .S6l 900 bar.
rels as against 1896, 900 barrels at the
end OF May. 1921. showing an increase
of 5l.S6500 barrels or So per cent
increase OF Mid. Continent stocks. Thus
| the Mid.Contlnent field furnished GAIA
| per cent OF the total increase OF domes-
| tic pipe line and tank farm stocks In
the United States during the year end.
ing May 81. 1922.
The total stocks OF crude and liquid
refined products at the end OF April.
| 1922, established record Of $50, 9,163.-
S22 barrels of which 2S3.316.3s4 barrels
We're crude oil which includes crude
stocks at yefineries. The gasoline stocks
We're S92 .265,76l gallons which at the
4 xf NIT i,ip
in 1921 would last the country 65 days.
on the basis OF the rate of consumption
OF gasoline during August. 1921, these
gasoline stocks would last 80 days. Al
the rate Of consumption during April
922, the gasoline stocks wC\ld last II
days But the daily rate Of consumption
OF gasoline In 1921 vas l3.7S0.297 gal.
Ions while the daily rate OF production
OF gasoline in April. 1929. was 1874
coo gallons,
The total stocks OF crude and LIQUID
refined products above mentioned were
4S per cent greater than one year pre-
vlously. The gasoline stocks mentioned
were l9.4l per cent greater than on Ap
ril 80. 1921. and the kerosene stocks
were 20 per cent less than on the same
date year ago. The fuel oil stocks were
PA per cent in excess OF what they
were April 80, 1921, while lubricatins
oil stocks were 4.s per cent greater
than on the same date. 1921.
According to the geological survey the
domestic production OF crude oil in MAY
OF 1922, amounted to 46.47s.ooo barrels
or u daily average for the month OF l.,
49s .1S0 barrels. This compares with
the total production in May. 1921. oI
Al. .o4s 900 barrels or daily average ol
l.S56,226 barrels.