The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-01-12
CH|CKAsHA TEST
DUE BE DRILLED
DEEPER IS WORD
Well on peauehamp Farm Reaches
Contract Depth but Plan Adopt.
ed to Continue Present
Operations.
COMMITTEE NAMED TO
RAISE REQUIRED CASH
NlohIos Proposes Sell 80 Acres OF.
Get and TWO FortIes for $4,000;
Start New Harness Well
February IS.

Despite the fact that the test OF
the Iowa OH and Refining company.
on the Beauchamp farm. three an
n half miles east OF the --iiv has
been completed to contract depth
Il is to be carried deeper. according
TO the decision reached at the meet
ing OF the syndicate snare holders
and others interested in oil de-
velopmont. held last night In the
Elks club rooms.
J. H. Nichlos. manager Of the COM
pany reported to the meeting that
at their present depth. 1850 feet
they are drilling in blue gumbo. hav-
ing passed through alternating blue
shale and gumbo for many feet and
expressed as his opinion that uie
well should be carried deeper In
order to give the territory the ad-
vantage of deep test.
trustees make Report.
A report signed by T.. ID. Foster
Clint Steinberger and o. l.. Bing
ham, syndicate trustees. was read.
II stated that the we'll had been
completed to contract depth. the ex
act depth being given In the repor'
as 3.C50 feet, and that the first
payment OF $500 on the three.well
syndicate. is now due and payable.
The report of the trustees author
lied tie collection of the notes given
by the syndicate shareholders.
r. F. Thweatt, chairman OF the
committee was instrumental in per
fecting the syndicate. is today col.
lecting the money as authorized by
the trustees. The contract sub
scribed to in the formation Of the
syndicate was that the amount ST.
500 be paid when the hole reached
depth of 5000 feet, or when COM
mercial well was brought in at a
lesser depth.
Prepare Deeper Test.
1t was the sense of the meeting
that, considering the favorable for
nations at the present depth, the
hole should be deepened. A PROPOSE
tion made by Mr.. Nichlos for the
sale of 16O acres of lease for $4,000
was accepted by the meeting and
committee appointed to complete
the sale Of this acreage. This COM
mittee is composed Of DR.. A. S. Rid
die, T. F. Major c. T. Erwin and
DR.. j. w. Templeton.
According to the contract 80
acres of the 100 is to be in the
form of an offset to the we'll with
two 40 acre tracts located within a
mile of the well. This acreage is to
be sold for $4,000 and all the money
derived from the sale is to be used
TO deepen the present hole. The
plan is to carry the hole as deep
as possible with this money.
Drill In Harness Area.
]. B. Nichlos and r. F. Thweayt,
stated last night that plans are
rapidly nearing completion for the
drilling of tde syndicates second
we'll. This we'll is to be drilled in
the Harness district, where the dis
covery we'll is making 35 barrels a
day on the pump after having stood
for more than 100 days with the
sand open and with the hole in the
most unfavorable shape.
1t was announced that acreage is
being procured and that the new
we'll is to be started not later than
February Is. This was the agree
ment perfected at last nights meet
ing. The plan, however, is to start
the we'll as soon as possible and it
was the opinion that drilling would
be under way there before the time
limit set.
The Harness well, reports say, is
keeping up its performance of 35
barrels a day, the oil having shown
better by a considerable margin
than the first that was taken out
Of the well. In addition to the oil
there is considerable gas flowing,