The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-11-23
FOx-HealdtOn Oils
Up 25-35 Cents Bbl.
Meeting of Prairie Schedule
By Sinclair Raises Price
OF Local Crudes

TULSA, Okla.-The Gypsy Oil com
pany late yesterday met the new prices
Tor crude oil as announced by the Prai.
RE OIL 4 Gas company paying from go
cents to sLSO barrel, depending on
the grade. The action of the Gypsy peo-
pie brings the number of large crude
purchasers buying oil on a graded ba-
sis 10 three. The Sinclair company is
the other.
Refiners Meet
The independent refiners are holding
meetings today TO decide the course
they will pursue ~ buying oil The In.
diahoma Refining ,compSIy-yester
announced that it had met the Prairie
prices Under the one price system the
lndiahoma company like all refiners
a d premiums for oil OF certain grades
but under the wide range OF gravity
covered by the Prairie announcement,
these premiums may be eliminated by
large refiners.
The Texas company, Cosden and com
pany and the Sapulpa Refining com
pany all purchasers Of high gravity oil
tions but Will make known their de-
cision some time today il IS believed.
The Empire companies which are small
purchasers are likely TO continue their
old system for the time being.
rhe Marland Oil company which buys
oil mostly in the Tonkawa field es
tablished price of 81 for oil Of Al
degrees and above. This price is the
same that this company paid before the
graded basis was put into effect yes
terday by the Prairie company, but 10
cents OF il was premium.
Local Oils Up
Meeting Of the Prairie schedule
by the GYPSY and Sinclair COM
panies is big news for the operators
in the local districts, inasmuch as it
brings about a rise in quotation
in the Healdton and Fox fields,
ranging from % cents TO 50 cents
per barrel, above the former price
of Is cents. Although no informa-
ton has been received from the
Magnolia Petroleum company rel
ative TO any change in its prices,
II is generally believed that this
company will also follow suit. The
Magnolia people are also big pur-
chasers at Healdton and are the
sole buyers in the Loco and Ste
phens shallow field.
Some operators of the Fox district
receive double benefit under the new
quotations. inasmuch as seven OF the
producers there have recently consum'
mated a contract with the Panhandle
Refining company of Dallas. Texas,
whereby they are receiving n premium
of 20 cents above the posted price, and
thus will receive 20 cents more than
that which would be paid by the Sin
clair under the new scale.
The announcement OF the new sched-
ule Of prices was received by the Ard
more operators in matter Of fact man
ner. inasmuch as action OF this KIND
was not unexpected. although previous
10 the actual step in the direction OF
lbuying on a classification scale, II was
a question as TO whether or not II
would materallze.
Resultant OF the new schedule oper'
ators throughout the southern Oklaho'
ma will give immediate attention TO
methods Of storing their production, and
conservation methods will be employed
10 the minutest degree inasmuch as ev-
cry effort possible 10 retain the gravity
OF oil until 1t Is in the pipe lines, is
demanded by the yaritions Oh the scale
OF prices.