The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-08
Ticker Dope

crude oil production In United states
Tor the week ending December "a.
was l,3SO.i5O barrels, record and
Increase Of 2l,3I5 barrels over the
previous week and l23,600 barrels
more than the daily average In De-
cemhcr, 1890, according to the
American Petroleum institute.
DEN YER Wires Officers OF the
Western OIL Ficlds corporation on
saturday issued "a statement calling
attention Of the holders OF the stock
ccrtif, Gates and ot voting trust certi-
fic9tes to the fact that the new stock
which viii, he issued as OF January b,
1922 will participate In tho 2 i-2 per
cent dividend which is payable on
February LIST to holders Of record
January Is. There has been mis-
apprehension regarding the rights
of the new stock to participate In
this dividend and the officers of
the company desire to correct this
erroneous Impression,
NEW YORk-prescnt plans OF
Texas Company directors are Tor q
distribution OF its Immense sulphur
properties during 1872 az a stock
dividend. The present plan Is to
spend t5,0O0,000 on the property In
drlllpg development, etc, ana then
turn the stock as a gift to stock
holders. Some experts say this prop
erty Is the most valuable sulphur
bed yet opened I'm this country.
! has been appraised at times by sui
phur people as high as S60,0OO ,OOO,
NEW YORK-TcXns COMPANY
has been proving up the sui
phur properties Tor more than three
years. \ large number OF diamond
drillings have been made to depths
between 200 and l,20O feet and n
sulphur stratum disclosed. ranglnE
between 20 and 100 feet Ia thick
ness. Property Is located In llos-
kins Mound, llraEoria county, Texas
where Texas Company holds 2S.OOu
acres. Not oil of this IL sulphul
bearing but sufficient has been
proven as sulphur properties. Com
plete engineering reports have been
obtained including preliminary
work on n suitable plant for hand
ling the sulphur. The company WI
have available the Frash process,
patents on which have expired,
by this process, the invention OF the
late Herman Frash. sulphur Is mined
by introducing live steam into wells
lIiauefying the sulphur which Is then
pumped TO the surface.
Kansas and Gulf company is
drilling three wells In the FoN
Brush field, south OF EldoradO,
Kan. with the opening up OF It's
new well In the Bull Bayou tield,
near Shreveport, La, which reccht-
ly came In with 800 barrels initial
company's production is now run
ming approximately $500 barrels
daily. The Texas company has buiil
a pipe line to connect with the BuU
Bayou well.
| n
leastern office at III Broadway.
NEW YORK-The Pure oil com
pany brought a new well in the
Cabin Creek field OF West NiiBini,
with an initial production OF lb'
barrels per day. Tho feature OF th!l
new producer Is that 1t eAi"nds m
producing property ot ihe compah!
In that field by about three miles.
Shell Transport and Trading com
pany declaree n dividend OF SO ii
cents on the American shareS, pay
able January ~, stock ~ rect?C
January 13.
NEW YORK .-produ i.ion az q
lin wyoming field is running In ex
cess of $4,000 barrels daily. This h
best record made In these fields ant
Is result OF diffarer. conditltns than
prevail In any oti.c. field In Tho
country. oil production In Wyomirt
is closely controlled and any In
crease in output is due entirely tf
larger demand on part of refineries
NEW YORK Tran i-,'Onimcnia
oil conpany has pIcchnscl prop
critics OF Continental Petroleum cor
poration In oklahoma for S,Oo0,OOt
according to Frcsidc1t Nlcrlott OF
the Trans Continental. Payment u
32,5OO.OO0 cash and s2,b00,OGO II
| 70.
critics acquired. Continental has pro-
dnclng properties in Slick district
Creek county and o.hcr ok ahomf
districts with daI crude production
Of 1000 barrels as wen as gas pro
l duction.