San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-18
EXPECT PRICE:
BOOST IN GULF
COAST FIELDS
Declining Production Gives
Operators Reason for
This Belief.
FACE OIL SHORTAGE
Further Decline in Output
Almost Certain to
Send Prices Up.

Houston, Tex, Feb. 17.-"lf the
oil fields of the Texas Gulf Coast con-
tinue to decline the neXt two or three
weeks as they have recently, you can
expect another boost in the posted
price," was the remark of a promi-
nent operator in Houston this week.
The production average for the week
ending February 10, was 1890 bar
rels day against lC2, 400 barrels the
preceding week, according to Oil
Weekly estimates.
A daily production of about 100000
barrels is sufficient for general needs
at least. it has been the last several
months-but a daily average of less
than 100000 barrels over an extended
period will bring about a shortage of
crude that will of necessity bring
about another increase in the posted
price. Coastal crude was recently
boosted % cents a'barrel, making the
oil worth S1.J0 : barrel at the well,
and with a short production, premium
paying will increase.
Few Wells Completed.
The last week was rather dull, with
few competitions Of any consequence.
The Gulf Production COmpany's No.
1, L. T. Grubbs at Orange has IN
covered what is termed by some as n
new sand at 1900 feet for a 200-bar-
rel pumper. The oil is clean and has
n gravity of 90. This well is located
between the present proven field and
the Kishi tract and turns further at
tention TO that section.
Other than the well just mentioned.
there were only six compilations in the
Texas coastal feds last week, one of
which was failure. The total flush
production of the five producers was
only $50 barrels, confined to Orange,
Damon Mound and Goose Creek.
The Oil Production Company's No.
/. Ahlers, completed some weeks ago
at Big Greek in Ford Bend county for
40 barrels, flowing by heads, has
been placed on the beam for So bar
rels of % gravity pipe line oil. This
is the first test TO find a real pro-
ducing sand at Big Creek and the
sand was found at 1854 feet. The
Gulf Production Company's No. 3
Wheat is now flowing 100 barrels of
clean oil 90 gravity from 1850 feet
in the same field.
Bad Weather Factor.
At Damon Mound. the Hyde Pro-
duction Company's No, / Wisdom, is
pumping 300 barrels of % gravity oil
at 1898 feet and the Sinclair Oil and
Gas Company's No. ) Becker in the
same field is good for fifteen barrels
on the beam at 305S feet. Sinclair's
No. IS Bryan las 1000 feet of oil
standing in the hole, total deph of
which is 2415 ieet, and they are
building standard rig.
The Crown Oil and Refining Com
pany's No. 3 Abel at Hull is setting
six-inch at 2230 feet, having found a
showing at that depth which will be
tested.
The Sun Company's No. Z Carr at
Hull. which was completed last week
for 500 barrels at 1150 feet. has in
creased until now il is making 1000
barrels of Is gravity oil. The Higgins
Oil and Fuel Company's No. 6 Mer-
chant had a blowout at 2735 feet and
for the time is standing at that depth.
The bad weather of the last several
days has worked a hardship. on the
operators in the Gulf Coas: fields and
production has slowed, as we'll as field
work. Continued bad weather will
hold down operations and as a result
production IS likely TO show further
declines.