San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1926-01-10
1926 WAS GREATEST YEAR
IN HISTORY OF MIRANDA

The company Is at present drilling
No. . the location of which is 500
feet west of the large gaSser. Ten
inch casing has been set at 1880 feet
and at present the test is drilling
below 1900 feet. From present and
past indications the Jennings field
promises much for the year 1926.
Several oil men who have made a
study of both oil and gas situations OF
the Laredo district have made state
ments TO the effect that the Jennings
area looks like the biggest thing in the
entire district. The fact that the deep
sand Of the Texas company showed
traces Of oil, makes that area look
very good for deep oil production.
This discovery also opens another po-
tcntial horizon along the escarpment
and will be the cause of considerable
deep drilling during the coming year.
What is regarded as the biggest event
of the year 1925 is the laying of the
gas line by the Southern Natural Gas
company from the Callahan gas field;
McMullen county, to the Cole ana
Carolina-Texas fields in this district.
BIG GAS MAINS.
A Pinch main will connect with
I
the gas from this district will be
turned into San Antonio where it will
be used for both domestic and COM
mcrcial purposes. The laying of this
gas lire has caused the greatest drill
ing campaign in the history of the
field. in the Carolina-Tcxas and the
Bruni-Cole area. OF the companies
drilling in these two fields the Moody
Scagrayes interests and the Houston
Oil company are the most aggressive.
Almost every week each of the above
companies complete large gaSScr
Most of the development work that Is
being done by the Moody. Scagraves
interests is in the Carolina-TeXas
field. while the Houston Oil company
is concentrating on an S0O0-acrc lease
thcy have in the Bruni-Colc field.
The Border Gas company during
the mast year constructed a gas line
from the Bruni-Cole field TO Hebron.
vile where gas is being used for al
purposes. This company also supplies
tho city OF Laredo with natural gas
taken from the CarolinaTcSas and
the Andrews gas pools. Two other
gas lines are contemplated Mt TN.
writing. one is by the Houston Gun
company (Scagraves and Moody.
Roth of these lines will in all nroba-
hilitv extend from the Carolina Texas
Cole areas to the Callahan field IN
NcMullcn county where they will be
connected to the various companies
main lines and then be piped to both
| San Antonio and Houston.
LARGE DEALS.
The largest sales Of production and
acreage. in the history of this district,
we're consummated during the past
year. Acreage near the discovery Wen
of Henne. Winch and Fariss pool, jim
Hogg county. sold for $1,000 per acre
and carried ZIG overriding royal ty.
Many large purchases Of production
were made By the Magnolia Petroleum
company. the associated Oil company,
the Crown Central Petroleum corpora
ttion and q. w. Killam. In all an
proximately S3,000,000 was spent by
the above named companies in this
district during the last year.
At the close of the year n total OF
co drilling rigs were in operation IN
what is termed the Laredo district.
These rigs are scattered along the es-
carpmcnt from north of the Lease
holders pool in Webb county a DIS
tame, of about 100 miles. Land is be,
ing prospectcd, at this time for oil
and gas, that a short time ago would
have been practically impossible to
find except by the surveyor or ,proba-
blv the owner. In many cases land is
owned by transicnts who do not know
where it is located.
This new year offers greater posi-
bilitics for this area than ever before
and within short time it is expected
that the Laredo oil district will be
known as one of the largest producing
areas in the state.