San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-26

| Outside capital is beginning to take
notice of the Luling field and many
of the companies operating here are
| getting plenty of money from oil in
vestors. The men in charge of several
developments are receiving money
without putting on extensive advertis-
| ing campaigns but through the news
paper stories that have been broad
castcd by the press Of the country.
The development of the Thorman-
| Reilly ct al, on the Cole lease north
east of the main field is coming in
| for good play and the drilling is 60
ing along with speed and at the same
| time a careful log is being taken of
by Ii. &. Thorman with Sam Reilly
and others from San Antonio and they
are meeting with ready sale of
leases surrounding this well. This
week Mr.. Thorman made deal for
big block of leases near their develop
ment and will put them on the mar
ket right away.
The Soda Spring Oil Company we'll,
south and east from the main field
has been closely watched by the scouts
of the major companies during the
past few days on ace unit of the ex
cellent showing that has been made. |
Structure experts who have looked
over the field in this section are of |
the opinion that it presents wonder
full possibilities.
With the coming in of the well of /;
NJ. Jerman, on the Proctor lease on i
the southwest extension of the main |
field. this territory should get an IL
tensive development. 1t is said or
good authority that a well will be
drilled on the Polk lease which is !
owned by l.. Moses, of Luling. This
will make good Play for this par
of tie field.
Considerable attention is being !
given by operators and scouts of the
big companies to the section of the !
Luling field near Joliet. The we'll of |
Carmichael & WOrthingtOn, on the
Grady lease is showing up well and
has all he main field formations. 1t
is enc of the mast important tests
in the field.
l.. Broeter, attorney connected with
the Luling Leasing and Royalty Com
pany. has returned from business
trip to his former home at Alice, Tex.
He reports considerable interest be-
ing shown in the Lulirg field by per
pie in that section of the state.
7. J. Conway, has been spending q
few days in San Antonio on business
relative 10 leases anG royalties. Since
the coming in of new wells during tee
last few days there is keen activity
among the investors in San Antonio
and many of them have increased their
holdings in the Luling developments.
Paul Rogers Of the Royal Oil Com.
pany with his associates are sure busy
these days and a-e pItting in long
hours in the field ami office work of
their company. With two producers
nd four wells drilling, thi company
is planning a speedy deve opment of
their Tabor lease. Stock in this COM
pany is commanding a premium apd
but little is changing hands. One
odit Is IcioTltu Ut luur anu one anu
another stakeholder has been Offered
ten for one for his stock.
North Texas operators have had
their representatives in the Luling
field during the week looking over the
outside territory. The leases in the
EASTERN section of the field have beeu
attractive to those wanting big acre
lge. 1t has been reported on good
authority that a company is blocking
eases three miles east of the Soda
Spring Oil company development.