San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-11-01
DEMAND GREAT FOR WEBB
COUNTY GAS PRODUCTION

gasser and they began TO make a rip
pie in gas circles in Texas. Their
first strong ally was o. w. killam
of Laredo. He went out into mar
kets and sold his idea to the Mission
Oil Company and the Southern Nat
ural Gas Company Of Kansas City and
San Antonio. With the output Of sew
eral Of the Cole wells contracted for
together with some wells in the Caro-.
lina-Texas field he succeeded in caus-
ing the building of the pipeline to San
Antonio.
COLE MAKES DEAL
A few weeks ago the Cole Pc
troleum Company made a deal with
the Houston Oil Company which has
brought their subsidiary, the Houston
Pipeline Company, itno the fields and
another pipeline is going to be built
to supply Houston and Galveston with
gas from Webb county. That is only
part of the deal as the Houston Oil
Company is now developing a large
block Of acreage in the Cole field. on
which they have secured gas rights.
The development is being dore by the
Cole Petroleum Company and three
wells are being drilled out of six loca-
tons.
Two weeks ago the Houston Pipeline
Company met Lloyd Booth and two
officers Of the Carolina-Texas Oil and
Gas Trust on the property in Webb
county. Booth exercised his option and
a three cornered trade was made which
gave the Houston company the output
Of the Carolina Texas gassers. four in
number, and the rights on $50 acres
of land. Besides other money con-
sideration 1925 per day Is being paid
BY the ompany until they have made
pipeline connections with wells.
Besides a cash payment in the trade
with Cole Petroleum Company a for
felt of S150.000 was posted that the
pipeline would be in operation within
eighteen months.
Now the third big company has en-
tered the field and they have been
taking every likely looking piece OF
acreage and production that is not tied
to other deals. This third company
is the Houston Gulf Gas Company
known as the Moody-Seagraves Inter
ests.
o. r. Seagraves Of this company
spent part of last week in Laredo and
while here he purchased many large
blocks of acreage in the Carolina
Texas and Cole areas and further con-
tracted with holders of acreage to take
their output and wells are now being
drilled under such agreements.
A feature of all the trades is that
money in advance is being placed on
the barrel head and the Webb County
operators are realizing revival OF
good times.
BIG FINANCES.
Especial emphasis may be placed on
the matter of financial backing now
entering the fields of Webb County
and it can be said without fear that
today there is ms much money repre-
scented by the big gas interests as has
ever been thrust upon any gas district
in the state Of Texas and the money
is being put into the development OF
the territory and the pockets of the
men who have wasted long the coming
of a market for what they had found.
More than $100,000,000 is behind
Webb County development ut this
time and this money is attracting 9TH
or money and it will not be long I'M
til Webb County will become bee
hive of industries in Laredo and ad-
jacent to the oil fields. Brick, lime,
cement and tile manufacturing estab-
lishments are certain to follow and in
Laredo there is new talk Of textile
mill. Canning establishments are also
things which will be brought in and
the beginning Of a wonderful devel-
opment is at hand.