San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-27
CRUDES[UMP
IN ALL FIELDS
16,4O0 bbLS.
Total for Last Week in
United States Is 1884,
SOS Barrels.
M UGH STORAGE OIL
Until 1t Begins to Move,
Advance in Market Not
Probable.

With a total recovery Of 1885,, 500
barrels of crude for the week just
past, against 1,954.04O barrels for the
preceding week. production figures for
the United States show q drop of ap-
proximately 16,400 barrels. Although
this decrease cannot be taken as per-
manent, it indicates a favorable trend.
With the market remaining steady
generally over the country. if declines
similar to the one reported this week
should continue. an advance in the
price of crude could be expected be.
fore long. 1t is announced in various
quarters that no advances are likely to
come about as long as storage re-
mains at the present level. When
stocks are drawn up appreciably there
will be more reason for an upward
trend in the crude market.
In spite of much drilling, produc
ton is not climbing as might be ex.
pected. One hears lot about drilling
campaigns, but the actual records do
not indicate phenomenal drilling In
any section of the county. Consider
able work is going on. but much of
this consists of reworking old wells
and trying to increase the recovery OF
oil from wells that have already been
producing.
Few New Wells.
Except in distinctly wildcat ter
ritory or in new fields. the drilling Of
new wells is more or less limited. I'm.
doubtedly this is as it should be IL the
industry is to recover fully this year
from the disastrous season that is just
past.
The biggest decrease of the week
just closed was reported from Cali.
fornia where 14,300 barrels less oil,
was produced than was reported last
| week. Both Long Beach and Santa FL
Springs showed decreases: Hunting
ton Beach held its own. as did the
other fields in the Los Angeles basin.
Attention was drawn to Dominguez
by the action of two wild wells that
indicated big potential production for
that field. Some authorities are of the
opinion that Dominguez is very similar
to the Long Beach field where the
first wells placed on production made
| small flows. 1t was left for later
wells to be drilled to the deeper sand
and find big production. Production
at Dominguez is now ranging around
1000 barrels. Torrance has about 100
wells drilling below 5000 feet and 50
drilling at shallower depths.
Slight Oklahoma Decrease.
Oklahoma shows slight decrease
in production for the week. Burbank
reported nearly 1000 barrels less oil
than was produced last week. but this
was offset by increases in other pools
scattered over the state. Much inter-
est is being centered in the Cromwell
pool in Seminole county. Together
with Wewoka. Cromwell is bringing
Seminole county TO the front as an oil
producing area in Oklahoma.
A cooperative plan of drilling has
recently been announced by operators
developing Tonkawa. Under this plan
each 160-acre tract This plan was
used at Burbank and was found to be
entirely satisfactory. The plan reduces
the cost of proving up the area and
also limits the amount of production.
thereby taking away the danger of
flooding the market with oil.
Market conditions in the Mid-Con-
tinent districts remain steady with
diminishing premiums. There are a
few independent refiners who are still
paying premiums for crude, but in
most instances such purchasers are
carrying out contracts made some time
ago. Contracts that expire are not be-
ing renewed with premiums. Competi-
tfon for crude oil is lively and many
oil men believe the market shows signs
of advances within a short time.
Production at Smackover increased
approximately $4,000 barrels, due to
new wells brought in during the week.
This increase is traceable to the COM
pletion of % wells with high aver
age initial production. Several small
gushers were brought in during the
week.
Texas Production Drops.
Texas production for the week
dropped approximately 5000 barrels.
The most of this amount can be ac-
counted for at Corsicana-Powell, how
ever there were slight decreases in
other parts of the state, notably the
Gulf coast area.
The area of prospective territory in
Archer county has been materially in
creased recently by the completion OF
wildcat and semi-wildcat producers.
These wells practically assure con-
tinuation of the heavy drilling pro-
gram that has been going on in Arch
er county for some time. Pipe line
runs for Archer county, during the
week. reached a total of 31,I25 bar
rels daily average. This amount in
cludes a small amount Of lease stor-
age that accumulated earlier in the
month when pipe line companies were
unable to handle all the oil produced
in the Wilmot-Wilson field.
Tests are being planned along the
edge of the Curry pool IN Stephens
county, Central West Texas. This pool
was discovered about a year ago and
I'D to the present time has produced
about 100000 barrels of oil.
Luling Busy Field.
Among the busiest fields in the state
at this time is the Luling district in
Caldwell and Guadalupe counties. The
Caldwell part of the field is not show
ing much activity. but the Guadalupe
extension is growing by leaps and
bounds. There are more than so der
ricks on the south side of the San
Marcos river and each week increases
the number by 10 or 20. The Luling
field is now more than twelve miles
long and indications are that the pro-
ducing area will extend further. The
width of the Guadalupe county ex-
tension is practically the same as the
old field. c. c. Cannan's Allen well
,r-hich bIou, ifcalf into n urOdueer late