San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-03-02
.ROXANA BEHIND
PROJECT FOR AN
OUTLET To GULF.
Surveyors in Field and
Probable Route Along
BALCONIES Escarpment.
TERMINAL AT ARKANSAS
Luling, Three Rivers, Mi
rando and Other Pools
to Have Market.

Tulsa, Okla, March f.-Early con-
struction of a major pipeline system
from Southern Oklahoma to the Gulf
Coast, reports of which have been
current in Tulsa for several days and
is apparently near confirmation, was
an outstanding feature of the weeks
developments in the northern Mid
Continent oil territory. Sharing hon
-ors with the expected pipe line con-
struction was the swinging of deal
by Mutual Oil company involving
close to one million dollars for produc-
ing properties near TIlsa and the
likelihood of another such deal in
volying refining properties worth a
million and a half additional by the
same company.
Field results were slow with cold
weather continuing to be severe
handicap. A few scattered big wells
at Burbank, Bristow and semi-wiid-
cat discoveries in the Wetumka area
of North Central Oklahoma were the
main features Of development in the
fields.
Not Worried Over Scandal.
The oil scandal at Washington is
causing little or no concern to Mid
Continent oil leaders. While this is
having the effect of somewhat slow
ing up both the field and refinery
operations and causing some of the
smaller operators to become alarmed,
the more prominent oil men in close
touch with the situation do not think
it will affect the industry in the
slightest but on the other hand will
help rather than hinder the 1924 sea-
son for oil. An official of one OF the
largest operating concerns with head
quarters in Tulsa, in discussing this
subject spoke optimistically Of the
outcome as follows:
"The oil scandal, especially at
Teapot Dome and in the California
Naval Reserves, will check the pro-
duction of some crude oil, the scandal
and the setback in the stock market
generally will check some Of the super
activity of the drillers everywhere
and slow up the tendency to crowd
refining operations-all Of which will
help rather than hurt the oil bust
ness this year. The seasonal in
crease in consumption begins now in
q few weeks and the year ahead looks
even better than ever before"
May Be Roxana Deal.
The Roxana Petroleum Corporation
(Royal Dutch-Shell interests) are gen.
orally believed to be behind the major
pipe line construction program for
which surveys are already actively
under way in Southern Oklahoma and
Texas, While no announcement had
been made of the plans and particular
" of the name of the company in
yolved, it Is learned in Tulsa that the
new line will start near Waurika,
Okla, and continue southwark to the
Gulf Coast tapping all important
pools en- route. According to these
advices the line will be 10 miles long
and will consist of alternating 8 and
1o-inch pipe with daily capacity OF
$4,000 barrels of crude oil per day.
The southern terminal on the Gulf
Coast is said to be at Arkansas Pass
near Corpus Christi Bay. The. line
will represent an investment of APP
proximately So0,000,O00. 1t is un-
derstood that the McCorkle Pipe Line
company, Of Fort Worth has the
contract for building the line.
Large Foreign Syndicate.
Royal Dutch-Shell interests of
which the Roxana Petroleum Corpora
ton is the Mid-Continent subsidiary
are foremost competitors of Standard
Oil in the Mid Continent field and in
fact throughout the country. This big
foreign syndicate is known to have
very aggressive plans for 1924 which
among other things include its new
1900 barrel refinery now building
at Arkansas City, Kan, and various
pipe line extensions on a smaller
scale throughout Oklahoma all OF
which means that it must have a
seaboard outlet il it is to maintain
supremacy with Standard Oil. Unlike
the Prairie, Sinclair, Texas, Gulf and
other large companies, Roxana Petro-
leum Corporation is still an inland
proposition and it is only logical to
assume that with its big production
in Oklahoma and Texas. some of it
several hundred miles from a refinery
or its own pipe lines, that it would
seek n water outlet to compete with
other companies. The fact that the
Roxaua is a subsidiary of a company
having almost wholly foreign connec-
lions makes it seem all the more feas-
ible.
Mutual Buys Producing Properties.
Mutual Oil company of Denver,
Colo, and Kansas City, Mo-, lately
in the limelight with its recent ac-
uuisition Of the Continental Oil COM
pany with properties in Wyoming and
the id-Continent, is becoming more
aggressive in Oklahoma with the
purchase of properties near Tulsa
and still more recently with negotla-
tons looking TO the purchase OF the
plant OF the Sapulpa Refining COM
pany at Sapulpa, Okla. This plant
has q daily capacity of 1900 barrels
of crude oil and is easily accessible
to the newly acquired production.
The Mutual Company recently con-
Guided a deal with the Westland Oil
company, Mum Bros. and Glidden
of Tulsa for purchase of three-fourths
interests in producing lease of
345 acres in the Country Club dis |
trict few miles north of Tulsa with |
a few wells making 500 barrels daily |
production of high gravity oil from |
the Wilcox sand. Consideration in |
this transaction was said 70 have been |
SS50,000, involving S450,000 cash |
and the remainder in oil. The deal
is subject to approval of the Interior /
Department at Washington since it |
involves leases in the Usage Nation
but this is considered certain.
Mutual Makes Offer.
Latest development in the attempt /
of the Mutual to get possession of the
Snpulpa Refining company plant is
an offer of so cents share or so /
cents on the dollar to the stockholders