The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1922-03-24
Colonel Humphreys Gives John o.
Run for His Money.
SUCCESS COMES IN A YEAR
The Colonel, Who Is Now the Largest
Oil Producer in the Mexia Field,
Has Accomplished or Developed His
Enormous Income Within the Short
Space of Twelve Months-Is Pro-
ducing at the Rate of 100000
Barrels of Crude Oil Yearly.

Col. A. e. Humphreys Of Mexia,
Tex, promises to give John ID. Rookie
feller a Yrin for his money" The
COLONEL. agar ago needing money to
develop IFS first well. now is getting
an income of S36OOO,OOO yearly and
hasn't reached his limit.
The Humphreys interests in the
Mc,,ia wells today are producing near
ly four times the crude oil daily that
is being produced by the entire state
of Pennsylvania -.
The United States geological sur
vey gaze sPennsylvania's production
for the month as $4,000 barrels, or a
total of 100000 barrels for 1921.
!. Accoraipg to Colonel Humphreys,
the oil actually run to storage and the
'fank car shipments from his company
for the "a. hours ending at seven
O'clock bne morning recently amount
ed to 6e,700 barrels, rate of more
than 22p000Oo barrels yearly.
This month, the Humphreys compa-
nies WILT produce in the neighbOrhood
of 1000 D00 barrels of crude. The po-
'tential PRODUCTION today is greatly in
excess df .1he amount of oil actually
moved,
Income 100000 a Day.
"Withih }sixty days the company's
productiong said Colonel Humphreys,
...will be- 100000 barrels daily, and
within. four months it should be above
10000 barrels. The oil actually
poyetlsfs9sn our wells for every day of
the new Year has been more than 50,-
.QeD barrels, with. several inside pro-
dueng wells 'pinched in"
The income for the Humphreys in
terests today is at rate of approxi-
mately 100000 every 24 hours, more
than S30O0,000 every 80 days. or more
than S36.OO0000 yearly.
To realize more fully just what tre-
nendouS income this is, just imagine
that for each hour of the night and
day you were receiving $1,000, which
is more than $66 every minute. One
scarcely could blame the colonel for
taking a few weeks off for a trip to
Cuba. the Panama canal and "A fishing
trip on. the coast of Florida.
] He has accomplished or developed
all this income within the short space
of twelve months. A year ago the
colonel was bending his energy and
that of his then small organization to
obtain leases covering the structure
on which he now is getting this large
production. His work was SO well
done that today, as the structure is
being defined by the. bit of the drill,
he owns more than 50 per cent of ,the
producing area of the MeXia field.
~ Price and Production.
From the business side of the pro-
ducing. end. of the oil industry the
important thing. is that of. knowing in
advance just what you may expect in
the way of price for the crude pro-
duced. This Colonel Humphreys has
liked to the extent of 33O00,OO0 bar
rels, which he sold to the Standard
and Sinclair Interests at a fi2exd price
Of ,Si.50 barrel That will amount
to almost $50,OOO,0OO at the present
/
rate of production.
In addition to that 33.000.OOO bar
rels. the colonel has contracted to de-
liver to the Pure Oil company d maxi
mum of 10000 barrels daily, which
gives an additional outlet for more
than 100000 barrels of crude this
year. And it's all at price not less
than S1.50 barrel.
Preparations are under way 10 care
| for this OIL The Prairie Oil & Gas
company, the Sinclair Crude Oil Puy-
chasing agency. and the Humphreys
Pure oil Pipe Line company have un-
der construction tankage 10 store
more than 15.OOO.0OO barrels of crude.
/ The Pure Oil company is shipping by
tank car 10 the Gulf coast an ayera &c
daily of 1900 barrels. There il IS
loaded in tankerS shipped ta Marcus
Hook, Pa. and put IN storage
SpVpn npW womgn'S pallaraS have