Seward daily gateway., 1925-07-09
More Confidence In Oil
 Is Manifested Oklahoma
PRIMER MARKETS HAVE STIMU- LATED ALL FIELD
 ACTIVITIES.
Advance In Eastern Crude and Smack over Heavy Oil Arouses Expecta- tion of a Rise In Mid-Conti-
 nent Prices.

TULSA, Ok, July g. Increase in price of eastern crude oil recently has strengthened the belief among Mid Continent oil men that the petroleum industry is improving it's fundamental condition. Large increase in gasoline consumption over that of year ago and preliminary figures indicating that decreases occurred las1 month in stocks of both gasoline and crude oil have given new confidence to oil men. Wholesale prices of gasoline advances fractionally again this week. There are growing indications of increasing competition for the light oils of the Mid-Continent field, and even the enormous outpouring of heavy oil in the Smackover field is meeting with such large demand that prices have advanced, and in some in- stances premiums are paid over the quoted price.
 Natural Gasoline Scarce.
 An actual scarcity of natural gaso line is impending. The largest nlanu facturer in the world, Phillips Peuo- leum Company, is known to be hay ing difficulty in meeting demand of it's customers, and Chestnut & Smith Corporation, one of the largest man. ufacturers and selling agents in this territory, is combing the field for all increased supply. Prices advanced this week. Grades A, B and c are all quoted at the same price-1312 cents a gallon-these quotations having jumped considerably ahead Of new navy prices, which are increasing slowly. New navy gasoline is now bringing 11a cents, and there are in dications of jobbers coming in the market on a much larger scale.
 Search for Oil Pools.
 The problem of finding new oil pools to supply the enlarged demand is caus- ing oil men much concern. They are l beginning to buy leases and drill more actively than for three years. Block ing of wildcat acreage is reported from all parts of Oklahoma, including principally the north part of the state, where exceptional Welcox said dis coveries have been made in the Gar Der field and in the Thomas pool, northwest of Tonkawa. Nearly all 1 the large companies are engaged in this activity, some of which are "checkerboarding leases instead of blocking.
 Southwestern Oklahoma, which has been quiet since the Hewitt and Dun can fields have settled down, is also getting a play. Several new wells are reported about to be drilled southeast of the Brock field, in Love County where a southeast trend of the Brock pool is indicated. Drilling activity is expected to soon spread over western Garvin County, Stephens County, and north to Grady. A better market foI gas production in that territory is ex pected, one of the large gas compa nies being reported as figuring on an extension of it's pipe line up to Grady
 The outstanding wildcat strike o1 the week was the finding of a 2O-bar rel per hour wildcat producer in sec tion 5-28-1w, Kay County, by Herald Oil Company. The well opens a new field about four miles from production closest production being in section 2S 29-1w.
 Promising Well Turned to Water.
 It was thought one evening recent ly that the most important discovery was to be the Guy Fisher wildcat three miles norh of Cromwell, in the southeast corner of the northeast O. 15-11-8, it having started off at an es : timated 100 to 125 barrels per houl with the Cromwell sand just touched at 3,529 feet, but it later went largely to water, nullifying it's importance The we'll is said to be the first ont of ten wildcats to be drilled by Fisher who was formerly in the old we'll sup ply business in the Okmulgee District Eastern capital is said to- be behin'
 the enterprise.
 Disappointing Gasser. Shaffer Oil and Refining Company wildcat near Ripley in Payne County
 section 23-18-3E, which started off a
 37 million feet of gas at 4,256 fec
 promising to open a pool of conse : quence, parted the 5-inch pipe, the ga s being allowed to escape full force be tween the five and 6-inch casing, an