, 1935-09-22
OIL
Continued from First Pasel


efforts 10 abolish IL; second. q fight
against IeoeraI conIrcl O. Oh III
Texas; ana Lnlrds a light against
those VINO slanoer railroad commits
00n olIlcials.
Coionei thompson classed as
"slignL exaggeIaLlons" rumors that
he mad palu OH the mortgages on
hls two Amarillo hotels py graft"
received since becoming chairman OF
the c0nmlsslon. There's q secret 70
this chairman business" he con-
fided. The fellow on the COM
mission who is the next 70 run Tor
reelection is named chairman BY his
two colleagues. so now you know Ill
be in the running when the time
comes"
The speaker said the commission
had found that many new Gil tieldS
will be needed TO supply the demand
for oil inasmuch as hundreds OF
thousands o. barrels are being inn
ported from Venezuela and addition
81 hundreds a thousands Of barrels
are being withdrawn from storage 10
make I'D the difference between
present production and present de-
mandA He said the commissions
chief program ct the present time
ia conservation Ct reservoir energy.
or prevention Of gas waste IN ORDER
that existing fields might produce
the greatest quantity Of OIL unoer
their own gas preSsures foE the long
est possible time.
Bottom-hole pressure In the East
Texas field, with its 1900 wells,
dropped only two-tenths Of one (
cent during the past month de-
gpite the withdrawal Of 100000
barrels a. oil, the chairman assert
cd the commission having found
through tests BY It's own experts that
the area would produce best and last
longer through withdrawal OF about
100000 70 100000 barrels daily.
Results Of the commisison's teen
nical staff labors had resulted IN
increased estimates a. 70 the ulti-
mate total recovery IN East texas,
colonel Thompson stated. 7 " o
Aarx NO., It was estimated that Ne
coverv would total one and q hall
billion barrels but since the COM
missions experts instituted new reg
ulatiuns governing production, It's
anticipated total recovery - said 70
% about three and q half billion
barrels.
If anv charge can be laid 70 the
Texas Railroad Commission. Cnalr-
man Thompson asserted, that
charge win be that we have leaned
a little too far In favor Of the IN
dependent, the little fellow. We've
found that the big fellows can take
care Of themselves"
3. Z. Marberger, president OF the
Mission Chamber Of Commerce, act
~ A POSTMASTER ct the banquet
Afker his address OF welcome, Ben
King of King-woods Oil company
and honor guest. responded ne
toid briefly Of their efforts 20 COM
nleta the discovery well and their
first meeting with the railroad com
mission. He said the commission
had told them what they needed
when they didn't know what they
wanted during the first weeks Of
nrodution at Samfordyce and laun-
"a the commission for It's consider
alton.
Commissioner Lon A. Smith spoke
briefly He said King and WOODS
used to come TO see Us often y
cell US what they wanted, but now
they send word to US"
Mrs Lon II. Brown Of MISSION
caused a humorous uproar with ner
original reading telling Of the dis
covery OF oil &C Samfordyce- COL
onei Thimpson and Commissioners
smith laughed heartily. the formers
face flushing. when she related tina
the commission gave the well back
10 Otto and Ben when he'll started
n-uoppin'." She referred 70 o per-
iod OF several days after completion
~ the well during which the discov-
erv al but "ran wild" because OF
high pressures and light ontrol lit
ffnrs. The well was later killed, re-
worked and refitted.
Roy johnson Of Tulsa, Okla. laud-
I'd the commission for It's work IN
conserving oil and gas resources and
IN protecting independents and
aufIdcatters" IN their unceasing
for oil. johnson. representing
Ben q. Barnett Of Oklahoma City
and Houston, said Oklahoma OPP
orators had been attracted 70 Texas
Nv the ommisis0n's fair handing
AZ the Texas oil situation.