The Coolidge examiner., 1930-07-18

FOR 4 NUMBER OF years there mas
been persistent endaavor on the
part of men interested in the oil
industry to develop oil in Arizona.
At present in this state a num-
ber of rigs are operating, and
during the past few days a Phoe-
nix company spudded in a we'll
near the Arizona Packing Com
! pany's plant on East Van Buren
street in that city.
A great many people in this
state firmly believe that eventually
oil will be brought in, and there
has been no definite reason out
lined why the black gold should
not exist here in commercial quan-
tity. 1t was a long time before oil
was discovered in New Mexico and
considerable wealth was expended
in wildcatting before wells were
| developed. Arizona is surrounded
by oil fields, eminent geologists
| have made favorable reports, well
backed companies are drilling, or
preparing to drill, so it would not
| be surprising to hear of an oil ex-
citement in one of the many fields,
and this oil excitement is liable to
come at any time.
The reprinted oil news published
below taken from the Arizona
Range News, will be of interest to
our readers. Up in Cochise county
they have encountered oil and are
only awaiting the tapping of the
big flow. When that happens there
will be strong revival Of oil pro-
motion over this state, and the Salt
River and Casa Grande Valleys
will take a prominent part in the
oil boom that will follow. This val
ley, which has been favorably re-
ported upon as having most all the
oil producing indications, has in
the past taken part in the various
phases of oil company promotion.
Oil leases have been secured, but
no drilling to any great depth has
taken place. When the first COM
mercial we'll is brought in anywhere
in this state, there will be plenty
of money for deep drilling where
such favorable indications have
been reported This valley will
then take a prominent position as
a. field for extensive prospecting
towards oil development.
"John w. Clark. of the Clark Hol- !
laday combination, announces this
week that he and associates have
contracted for a large keystone |
oil rig to complete their well in
Block AZ. city. The rig is a steam |
outfit in first-class condition, capa-
BILE of going to depth of $500 or
5000 feet 1t was used to drill the
Lordsburg well to a depth exceed
ing 100 feet and is capable of max
ing good speed. The rig and acces-
sories were loaded at LOrdsburg |
yesterday and are expected to
reach here today or tomorrow.
According to Mr. Clark, who is
in charge of the drilling operations, |
the rig will be set over the well in
Block 42 as soon as it arrives, and |
a new string Of six-inch casing will
be run to the bottom of the hole, |
after which drilling will be re- |
sumed 1t is thought that it will !
not be necessary to go many feet /
deeper in order to bring in this |
we'll When drilling operations were |
interrupted on this well some eight |
or ten weeks ago the bit was in a |
favorable formation, according to |
Mr.. Clark, and there was an excep- |
tionally good showing of oil. After |
standing idle for some few weeks
water began to flow over the top
of the casing, bringing considerable |
oil with it. Since that time the
flow has increased steadily, and |
this week it was found necessary |
to make arrangements for draining
the water and the oil that is flow
ing from this hole. The flow of oil |
has increased in proportion to the |
flow of water and it is estimated |
that the daily flow of oil at this
time is round four barrels day