The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-07-17
"CURTAIL DRILLING"
Is NEXT BEST STEP

THE general economic situation; the
flush production of crude in all parts
Of the Mid,continent field. and par
ticdlarly the Oklahoma fields; the strike
situation, and most important Of all. the
fact that the Prairie is nearing the
end Of its tanking capacity" are the
reasons advanced by Dana H. Kelsey
head Of the Prairie Pipe Line Com.
-pany at Tulsa, for the cut which &C.
: Cured In mi continent crude last Sat.
urday.
we had requests from all parts OF
the country to assist In moving oil"
states Mr.. Kelsey, Our pipe lines are
full to capacity and this situation arose
because tank cars are not 10Y moving
because Of tieups on various railroads
Of the country. We have been running
approximately $4,000 barrels Of crude
oil daily to storage. and IL will not
be long at this rate until all our avail
able tankage is filled"
Estimates have II that there are be
tween 1875 900 and $50. 900 barrels OF
crude stored daily in Oklahoma alone.
The Texas Company Is said to have
approximately 10. 600, 900 barrels Of stor,
G in the Mid-continent field at this
time.
John NJ. Loyejoy. business manager
with the Amerada Petroleum Company
states that the cut came as u sur
prise to him. Although the produc.
lion Of the Oklahoma fields is very
high" he stated, louisiana seems tc
BE- on a steady decline and northern
Texas is hardly holding its own. and il
seems, with conditions as they are in
the above mentioned districts. and with
water showing in the Mexican wells sc
that some OF the biggest in that coun
try must be pinched in, that produc
ton could be absorbed
The heads of all the larger purchas
ing and producing concerns are OF the
opinion that the only procedure to BIZ
followed at this time is to effect Q
decrease in production by curtailmenl
OF operations and as a result il Is ex
pected that all operators will follow
suit in this respect. New validating
should be delayed until more favorable
ShOW Nii'illHtiNtSs II Jul
put of the Carter county fields at this
time Is not a drug on the market ant
II q conservative policy is maintained
will not be. The Burbank pool appear.
TO be the greatest danger point. 81
consider the Burbank pool by far tn,
greater source of overproduction in the
state" is the manner in which Mr.
Invafnv onaaEo af Il s.,I 40 .-r1..
are true. that since the last sale Their,
are 60 or 70 new locations In this field
production there is bound to noun
higher than it is at present. II drill
ing in this Burbank pool could b.
curtailed 1t would undoubtedly be {
great help to the market"
In speaking Of the Amerada pool
which the Amerada Company is de
veloping. MI. Lovejoy states that onl,
~ strings are now In operation ant
hat development there will be KEEP
down to a minimum. Rapid decline II
wells in the Bristow field offsets an,
possible threatening Of overproductioi
from this source. he believes, and II
the onkaw pool. although 1t has grea
possibilities. drilling there is more diff
acuit than In any other place in tn,
hid'continent pool and a large amour
OF production in the Tonkawa pool viii
not be had for some time due to tn,
great length of time required TO com
plete wells.
The Sinclair and Gulf companie
have met the cut which was put int,
erect last Saturday by the Prairie
Texas and Magnolia companies. Il
the high gravity fields. tho Gulf Cor
poration VIII continue to pay a prem
ium OF 20 cents for oil OF IS gravlt,
n above.