The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-26
ShntdOUR Increment in
Eastern oil Fields Fiffy
Years A1O

Harry lloasley. president OF the
Oklahoma Natural Gas company,
who is sumunering AZ his old home
at Emlonton, Pa send the following
clippings from the Dcrricks Hand
book Of Petroleum, (Copyrlghtcd,) }
which win be of interest TO Mid
Continent operators Hcusley writes:
Il rather enjoyed the inclosed clip
ping, published August %. 1S72)
and 70 know the oil! producers arc
much the same today as 80 years
ago.
"Yon can't keep them down; nl-
ways Eood fighters. and honest In
the fight"
News of OH Fields OF 80 Years Ago.
From the Defriok.s Heuibuuk OF Petroie-
um, tCopyfishted)
August ~, 1872.
"At meeting Of producers held
at Parkcr's Landing 200 producers
signed pledge which provides for
the cessation OF drilling after Sep
tember for period of six months,
under n penalty OF $4,000 for each
wen commenced Tho shutdown. IL
was thought, would also hnve the
effect OF bringing lower prices for
a Tidiout" delegate reported that
IL tho extensive drilling operations
were continued and the production
Kept SO far in advance of the de-
mand, the result would be practical
bankruptcy In the oil regions Pro.
duction in one year has Increased
from 1900 barrels TO 10000 barrels
per ddy, stocks are accommodating,
OIL la drug In the market at $3.50 to
fS per barrel and the producer needs
some decisive action to avert threat
ened catastrophe 10 his business
Tidioute delegate reported that
the producers OF that locality be
lleVed the trouble lay w!th .hc
fArker's Landing district In the mat
ter OF Increasing the daily production
anu the movement for a shutdown
Should originate there, but at tho
same tlmo the producers OF tho
Fourteenth, Fifteenth and sixteenth
dlstricts were organized, reldy to
follow in the movement and could
nave their wells shut down I'm "a
hours after n given notice This
would embrace Tidioute. Trumph
ana Fagundas Land owners were
requested TO extend time for com
pletlon or wells on leases affected.
III accordance with the shutdown
movement, and TO refrain from Civ
ing leases or allowing the commence
ment OF drilling until the completion
OF the shutdown movement. Several
OLD wells on the sherman flats. above
Petroleum Center, revived by nitro
Siyerin. among them the old Nobel
Wei which starts up TO 90 barrels
per day.
buiier was run I'm the well twice and
IL began flowing steadily at a ratio OF
LOW barrels a day After being
connected into "A tank, THE rate OF
liow wa' slowed down sllgeIy under
the PACK pressure from the tank. but
shuged In excess OF $4,000 barrels
keprescHatives OF the larger oil
producing companies operating IN
the Texas fields have visited the dis
covery wen ana the expression rs gen
eral thnt II opens a new pool that
n,uy be even more prolific than
MeNia, 20 miles TO the north.
me humphreys oil company. In
Wo,Hl'h the Pure OH company owns n
70 per cent interest, controls rourhlv
$500 acres OF leases In ali dlrections
from the discovery woll. The nearest
uhleased acreage is probably hair a
mile distant. A mile north OF The
Wen !eases are reported TO have becn
sold at $1,000 an acre.
me Humphreys well IL on tho
Jones tract In the Manuel Flinnon
survey and approximately n mile
north Of the town OF Eosso. This
Nhct Is owned I'm fee by the com.
pany having been purchased because
US owners preferred sale rather than
p. Ihe probable extent OF the now
hosse pool cannot be told untu I'm,
ture drilling operations can establish
tne trend OF the Underground atruc.
ture' The discovery wen hswcvor
~ its performance has left no doubt
put Una. another pool has been
opened ana that II has possibilities OF
duplicating the MoXlca field.