San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-08-09
STAb|LIz|NG
OF MARKET
IS URGED
Majors Seek to Hold Output
Within Demand to Avert
Over Supply.

Crude oil production in the United
States is due to decrease beginning
Immediately, following the action TAX.
en- BY the Standard Oil Company OF
California few days ago in Gaping
all of their wells in fee in that state,
which are producing heavy oil. Such
action will affect vitality the out
put of California fields provided the
Gaping of wells is extended to leased
lands, as was reported would likely
be the next move on the part of the
company. The first action Of the
Standard in Gaping wells producing
heavy oil takes daily average pro
duction of $4,000 barrels from Cali.
fornia's portion of the production Of
the country.
ABOVE DEMAND.
The action on the part of the
Standard in Gaping the wells came
about as a result of the output OF
that state in heavy crude rising above
the existing demand for the oil. Pro
vided this company carries out the
idea of Gaping even the wells on
Standard leased land the crude produc-
tion of the entire state will be ma
terially curtailed.
Prior to the Gaping Of the wells,
California's crude output was con.
tinually rising, the total production OF
the state last week rising to 6S2,50O
barrels per day, an increase OF ZOO
barrels over that of the previous week.
For the past three months the pro,
duction from California has served
to balance the loss suffered by other
states, thus holding up the figures for
the output daily of the entire coun-
try.
/ Production as a whole in the United
States during the past week fell off
243S barrels per day, dropping TO 2.
1904 barrels, according to figures
compiled by the Oil Weekly.
Apparently the long-continued fall
ing off seen in Arkansas crude has
been checked, since for the past three
weeks this state has practically held
its own in comparison with the for
mer week. The falling off of Arkan-
sas crude, primarily that of Smackoyer
heavy, was responsible throughout
June and the early part Of July for
the great loss in U. S. production,
dropping from 10000 to $4,000 bar
rels per day during that time. Last
week Smackover heavy registered q
gain of 1890 barrels. Arkansas as n
whole showed an increase Of slightly
less than 1000 barrels per day.
The loss last week in United States
production was due mainly TO the
Texas gulf coast. Oklahoma and Kan.
sas. The two later states fell off ap-
proximately 5000 barrels each in daily
average production. The Texas gulf
coast showed a decrease of 4567 bar
rels per day.
SOUTH LIBERTY OFF.
Loss in the gulf coast came from a
drop in South Liberty fields output.
This field alone fell off 2050 bar
rels per day last week. The Orange
field was responsible in part for this
decrease with drop in daily pro-
duction Of nearly 1000 barrels.
Horth-Central Texas witnessed lit.
tie fluctuation in production last
week, showing loss of only 545 bar.
rels per day.
With an increase of 40 barrels
in the Salt Creek field and 400 bar.
rels in the Lost Soldier field, the
Rocky Mountain States showed n
slight increase, including that of
smaller fields, of 1000 barrels per
day.
Besides the action of the Standard
Oil Company of California, which will
bring about heavy drop in California
production, there is a big drop in
the number of drilling permits there
and in practically all of the other
states, which will likely keep pro.
duction from rising. The number
of permits for the entire United
States for the last week dropped to
1923 against AS of the past week. The
decrease was mainly in Texas where
the number of permits granted fell