The Times from Shreveport, Louisiana • Page 14

THE SHREVEPORT TIMES 'APRIL' 20, 1923 Price Cut and Standard Oil Case Feature Week's Oil Activities 'SUNDAY MORNING FUEL OIL DRUG IN CALIFORNIA CITY BIDS FOR 'GAS' MEETING STANDARD'S ORDER SAVED OIL MARKET IN MID-CONTINENT SOUTH OUACHITA AND RICHLAND PARISHES INTEREST GAS BELT Special to Th Timet. i Monroo, April 28. Operators in Northeast Louisiana fraternltj are this week watching with greatest interest the outcome of number of projects in ths extreme eastern part of Ouachita parish and in Richland parish, where tho oil striks In Northeast Louisiana Is likely to bo made. In ths opinion of most observers of this territory. For weeks that WHAT MAY BE NEW SMACKOVER SAND TAPPED BY PRODUCER Although it was not unexpected, except that it came a little 'earlier than usual after changes in Pennsylvania and mid-continent 'alterations, a reduction of 10 cents in all grade of North Louisiana and Arkansas crudes was the distinctive feature of the week's oil All other developments in statistics devolve from the reduction, though, coming in the middle of the week as it did, but little if any effect in production is traceable to this cause, l-'or in- 'sjtancc, what fluctuations there were in daily average pipe line runs sue not out of line and completions show a negligible difference, not as great as during the months the price schedule remained statinary.

fl'he cut makes Smackover and below at oO cents, and Dorado, Haynesville, Homer and Caddo at high. It will be noted, however, that production in all new light oil districts showed an increase, one heavy oil district also increased its output, while another remained stationary. "'air of mystery" that makes the uninitiated hopeful of an oil strike has prevailed in the northern areas of Richland and in Ouachita, east ot the proven field. More than an "air of mystery," however, has prevsiled; for it is known that ths Atlas Oil company and the Richland Oil and Gas company, as well as others, are working energetically in efforts to find oil instead of gas. AWARD OF SCHOOL LAND LEASE TOPIC IN WYOMING FIELD Kperlul til The Time.

Casper, April oil fraternity of the Itocky Mountain fields still is discussing the pro and con of how the statu land commissioners awurdud school land section 30-40-70, at Suit Creek, in which the Midwest Ka-fining, Mutual Oil and Ohio Oil companies all were the recipients of the commissioner's favor. While the Midwest bid of 65 per cent royalty of all the oil produced from the lease for the next five years was accepted, the Mutual Oil Company was uwarded tho royalty oil from state-owned lands in Salt Creek field on its bid of 25 cents per barrel under the posted market price of mid-continent crude, or minimum of Sl.bO a barrel, and the Ohio Oil Company was given the Klk Basin and Ma-honey Dome leases. The Midwess also got the royalty oil in the Osage field. It is possible that the conservation policy of only 184 new wells to be drilled In Salt Creek from May 1, 1023, to May 1, 1D24, may be modified, as the completion of some of the pipe lines and the equalization of Itocky mountain and mid-continent crudes has induced some of ths operators to deem it necessary that they drill more wells. BRIGHT SIDE TO Interest is centering sround ths test being made by the Richland Oil and Gas Company, four and one-half miles northeast of Rayvllle.

The Richland Company was organised about six months ago and is working diligently on its test in Richland parish. The Atlas Oil Company, It is reported, -is to drill a well east ot Swartz, in Ouachita parish, which It is claimed will bs drilled to a depth of 6000 feet, if necessary. The first efforts to drill the Richland Oil and Gas Company'a. well were made by K. B.

Green, J. 8. Green, John Jones and Georgo B. Franklin and other leading Richland citizens, who blocked up 7000 to 8000 ncrcs and kept working on a drilling proposition until the company was organised. Night and day drillers havo been employed for weeks.

The well will be drilled to a depth of 3000 feet. The leases were sold to the company for B0 cents an acre. The Richland Oil and Gas Company also is drilling at Lake Irwin, on the J. B. West place, and also on Lake Lafourche on the McDuffy and Uroodnax properties, near the Richland-Morehouse parish line.

All the three tests are within a radius of eight miles of Rayville. The Monroe gas belt has been extended three additional miles east by the Marlett No. 1 gasser of the Marlett Oil and Gas Company, which is mnking several million cubic feet of gus a day, following its completion Saturday. The well is near Col- Casper and Fort Worth Rivals for Natural Gasoline Manufacturers' Association I Spc-lal le The Times, Tulsa, April 28, Aisociatlon of Natural Gasoline Manufacturers at their second annual convention here elected D. K.

Buchanan, of the i Chestnut and Smith Corporation, I president, succeeding W. M. Welch, i Tidal Refining Company, who ro-: fused to head the association a third time. C. C.

Herndon, vice-president of the Skelly Oil Company, was elect-led vice-president, and A. V. ttourque, secretary, and O. W. Crick, treasurer.

were re-elected. Approximately 200 members and manufacturers attended the meeting. I Interesting addresses were made by natural gasoline experts and prominent oil men from all sections of the Among the more. prominent speakers were I'pl. B.

W. Dunn, chief inspector, bureau of explosives, New ork, who spoke on Safe Transportation of Natural Gasoline;" George A. Burrell, famous Pittsburgh engineer, whose subject was "The Charcoal Process;" R. E. Beckley, general superintendent of the Pacific Gasoline Company, Los Angeles, "Development of the Natural Gasoline Industry in California," and R.

L. Welch, general secretary of the American Petroleum Institute, "The Oil Investigation." The convention officially closed with a banquet at the Hotel Tulsa, attended by 250 natural gasoline men and those affiliated industries. D. E. Buchanan was toastmaster and the principal speaker was C.

C. Herndon, of the Skelly Oil Company, who spoke on "The Oil Fraternity." Most of the members left on an inspection trip of natural gasoline plants in the Osage and the Petroleum Experiment Station at Bartlesville. Executive committee will meet later and select a meeting place for the 1924 convention. Shreveport, Casper, and Fort Worth, Texas, are nrominentlv mentioned. ALMA GAS AREA GETS BIG WELL First Gas Field in Arkansas, Near Fort Smith, Producing 200,000,000 Feet Daily SwrlnI to Tli Times.

Fort Smith, April 28 The Alma gas field, in Crawford county, east of this city, is making better than 200,000,000 cubic feet of natural gas a day now as a result of the completion late last week of a well of the Industrial Oil and Gas company on the Kuykendall farm for 23,133,000 cubic feet. The big gas well is one-fourth of a mile southeast of the Industrial company's Owens gas well, completed two weeks ago for cubic feet. Prior to the completion of the Kuykendall gasser, the largest ever brought in in the Crawford county gas area was for 22,000,00 cubic feet in the Williams pool. The Industrial Oil and Gas company has completed four gas wells to date in the Alma field for a 'total production of 68,733,000 cubic feet a day. Its first well was on the Byers farm, one-fourth of a mile west and 330 feet south of the Kuykendall gasser, for 11,800,000 cubic feet.

The Owens well, one-fourth of a mile north, was its second and made cubic feet, and the Cook well, one-fourth of a mile south from the Byers, was its third, for 3,400,000 cubic feet. Crow Oil and Gas company has three gas wells making 20,500,000 cubic feet. The discovery well in the Alma field, on the Lite farm, came in for 8,000.000 cubic feet; its No. 1 Byers is making 4,500,000 cubic feet, and the Hamer well for 8,000,000 cubic feet. It is now drilling on the Bowen lease in section 8-9-30, and on the Woods lease in section 7-9-30.

On the Pitcock lease, same section, it is drilling. The Industrial also is drilling two wells on the Gann lease, and another i to start on the Morrow farm. These three wells are in section 9-8-30. Location has been made for a test on the Tague lease in section 8-9-30. One female fish may lay 9,000,000 eggs this number was actually found in the roe of a turbot weighlne 17 pounds.

CUT NO WORRY IN SMACKOVER Independent Operators Plan Refinery of Own If Prices Continue Slump Camden, April 28. Whatever pessimism may have been prevalent as a result of the completion of a doien or more gassers in section 29-15-16, west of the Burton Huehcs No. I gusher in section 2N-15-16, has been scared away with a high voltage optimism caused by the successful completion of a half-doxen or more producers in the territory east and northeast of the discovery gusher. Operators are firm in their belief that the high gravity area around Louann have a considerable extension to the east and northeast of the Burton well. The completion of four good producers in the northeast of section 28-15-18 in the Hardin tract by the Mercury, Gulf and Invader companies prove conclusively that the high gravity area extends to the northeast and will result in an extensive drilling program in this area, similar to the operations that were begun in the northwest direction soon after the completion of the Burton gusher.

The half-mile extension in the eastern direction came when J. N. Johnson, et completed their Hicks No. 1 in the northwest of the southeast of section 27-15-16, and extended the light area nearly a half-mile due east. The completion of this well makes the light gravity area nearly a mile and a quarter wide at this point.

The successful completion of the Texas Pacific Coal and Oil Company's test southeast of the Hicks test will mean a further extension of the high gravity pool in the easterly direction. This well blew in as a gasser several days ago, but the crew believes the well will be lubricated and converted into a producer when it is drilled deeper. A test to be made during the week in the Louann sector that will be closely watched is the Rhodes et Goodwin No. 1 in section 20-15-16, a mile north and just a bit west of the great Burton Hughes gusher in section 28-15-18. Six-inch was set on this well last week.

The plug will be drilled Sunday or Monday and a test made by the middle of the coming week. The successful completion of this test would extend the pool within 12 miles of Camden. Million Barrel Daily Production Near With 150,000 Pinched In Special to The Time. Los Angeles, Calif, April 28. The forecast of 1,000,000 barrels a day, made one week ago by eminent petro-Icocrats, almost came true the past week.

Daily production in the California oil fields reached the mark, with about barrels pinched in and many wells shut down on top 4t the snd, while others are drilling' toward the sand. It is estimated that if all the wells ivere allowed to flow the the mark would not only be reached but passed. During March tha California nil fields produced a total of 19,608,192 barrels, so the state mining bureau reports. This is an average of barrels a day. It is a gain of 45,852 barrels a day over February's total.

There la a marked shortage of fuel oil. Not only this, but the reaidtum of the lighter oils of Santa Fe Springs and Signal Hill, in less degree, small in quantity by comparison with that obtained from the higher grades of San Joaquin valley oil, is unsatisfactory to many consumers. The railroads do not want to use it at all. The Southern Pacific will have none of it. This has been particularly true of late, since the hrge amount of light oil produced has threatened to glut the market for the lighter by-product and the stocks of gasoline have been accumulating with great rapidity.

With this condition confronting them, many refineries have been making only the higher cuts and producing a residium of 22- and 24-B gravity. The Pacific Oil Company supplies all the Southern Pacific's fuel and does no other business. It is the one big company that is actively drilling in the San Joaquin valley. At least, the only active one, with the exception of the Pan-American, which is now formulating a campaign in the Elk Hills, largely as an offset to the Pacific's wells. The Pacific is drilling more actively than any other company in the Midway field, is pumpng all of its wells on the west side and in Kern river, in order to get suf-ficienwlow grade fuel for the Southern Pfcific locomotives.

Pro-rating of oil by marketing and pipe line companies without regard to contracts appears to be the inevitable outcome of the present flooded situation. The task will be extremely difficult, but somehow it will have to be done, for the pipe lines cannot handle the present growing production, and it is doubtful if their capacity can be increased fast enough to keep up with the continual increase in output. audiMIent to refinery Commission's Experts Appear at Standard's Plant, Put Off Until Monday (Br The Associated Press.) Baton April 28. Msrk Wolf and Victor Cough, auditors of the Louisiana Public Service commission, were sent to the Standard Oil company refinery here Saturday morning, under orders of Huey P. Long, chairman of the commission, with instructions to mske an audit ofthe books of the company and the pipe line company in accordance with a citation by Mr.

Long. The auditors arrived at the office at 11 o'clock. No statement was made by the Standard officials as to whether the auditors would be given admittance. This afternoon being a half holiday at the Standard Oil company, it was suggested that the auditors come back Monday at which time they will learn whether they will be permitted to see the books of the Standard Oil company and the Standard Pipe I-ine company. The Standard Pipe Line company was organized by the Standard Oil company as a common car- tot oil.

Both the Standard Oil company and the Standard Pipe Line company are cited by Mr. Long to show their books to the auditor. The Standard Oil company was cited this week to show cause on May 4, why the oil refinery and its appurtenances owned and operated by the Standard Oil company should not be adjudged to be a public utility. ABOUT TEXAS D0, Millitss Lest by Investing Blindly KiikfIhI The Time. Tulsa, April 28.

The crude oil order made with Marland Refining Company by the Standard Oil Company of New Jersey a few weeks ago practically saved tho mid-continent crudo market at that time, according to leading Tulsa authorities. Incidentally, they say, it served to check to large extent the present downward trend of the crude prices. Included with the crude order was a contract for 2,000,000 barrels or 84,000,000 gallons of gasoline, likewise a help to the refining industry. The announcement of this big transaction assisted materially in taking a load off the burden of the pipe lines and refineries. 1 he significance of the big order can be more fully realized when it is considered that it involves on a daily average basis for the remainder of .11,112 barrels.

This means that 31,112 barrels a day will be taken off the mid-continent crude market, which, it is generally admitted, will have a beneficial effect. STEPHENS AREA GROWS RAPIDLY Doubles Number of Producers in 2 Months; Now Has 43; Pipeline Runs 1.240 Spertnl to The TlmM. Stephens, April 28. Four completions were made In the Stephens field this week, their Initial production ranging, from 150 to 200 barrels in production daily. The field now has 43 producers.

Several wells have six-inch casing set and within the next two weeks the field should have 50 producers. The companies are rushing the wells to completion and putting them on the pipe line as soon as they can be standardized creating large increases in daily average pipe line production. Hude and Aarmes Pipe Line is running the majority of the oil from the field. The production of the Standard Oil Company, Hude and Aarnes Oil Company, Clark and Greer, Keen and Wolf and Bradstreet, is being run by Hude and Aarnes and the above-named companies by far furnish the larger portion of the oil from the field. The loading racks are located two miles south of Stephens and the price of crude oil posted by Hude and Aarnes is $1.60 per barrel.

Completions of the Week. The Atlantic Oil Producing Company Milner No, 3, northeast corner, northwest of northwest, 23-15-20, came in making an estimate of 100 barrels of high gravity. The Roxana Oil Company brought In Murphy No. 1, in the northeast corner, southeast of southeast, 14-15-20, making an estimated 150 barrels'. The Arkansas Osage Oil Company brought in Jackson No.

1, in the northwest corner northwest of southeast, 23-15-20, making an estimated 100 barrels. This is the first well that company has drilled in this field and it is said that they have planned an extensive drilling campaign. It will only be a short time until the wells will be pumped by electrical power. The Arkansas Light and Power Company is running a 6600-volt line to the fields and the wells are being rigged up so as to be pumped by the electrical power instead of steam. It also will be a big help to the field when the line is completed, as the new towns going up will be well lighted.

Drilling Report. Operations under way: Murphy, et southeast corner southwest quarter 17-16-19, fishing. Southwest corner southeast of southwest, 34-16-19, drilling 2400 feet. Arkansas Invincible Oil Corporation McRae No. 1, northeast corner southeast of northwest 16-16-18, drilling 2500 feet.

Dancizer Oil Company Williams No. 1, southeast corner southeast of northwest 12-14-20, drilling at 8100 feet. Jimmle Cox Oil Enterprises Burton No. 1, northeast corner, southeast of southwest 30-15-17, shut down. Magnolia Petroleum Company Gun-ter No.

1, aoutheast corner northwest of southeast 8-15-20, drilling at 3400 feet. O. L. Ray, et Graves No. 1, 8-14-18, drilling.

Miller, et northwest eorner of northwest 83-16-18, shut down. Transcontinental Oil Company Thomas No. 1, northwest corner of southeast of southeast 6-16-19, set six-inch easing. Transcontinental Oil Company H. L.

Curry No. 1, southwest corner southeast of northwest 6-16-19, drilling at 1700 feet. Dobie, et southeast corner southeast of northeast 23-15-20, drilling at 1600 feet. Arkansas Natural southeast corner southeast of northeast 19-15-19, drilling at 1800 feet. Magnolia Petroleum Company northeast corner southwest of northeast 20-15-19, drilling at 1700 feet.

Standard Oil Company Haywood Wessley No. 1, southeast corner northeast of southwest 18-15-19, set six-inch casing. Arkansas Invincible Oil Corpora tion, southeast corner southwest of northeast 33-15-18, drilling at 2000 feet. Ohio Oil Company, Tldwell No. 2, northeast corner northwest of south-iwest 19-15-19, set six-inch casing.

OIL RATES CUT BY COMMISSION Maximum rates of 154 cents on carload and loss than carload shipments of crude oil, and 184 cents on refined oils in intrastats movements are provided In an order promulgated yesterday by tha Public Service Commission In case 103, the commission's cass versus the railroads of the state. The case has been before the commission for the last year and the current order, No. 120, is the last to be issued. It brings the oil rate fabric, Chairman Huey P. Long, said, to the level the commission had in view in instituting the proceedings.

The several reductions ordered from time to time, he added, amount to a reduction nverg-ing 60 per cent for crude and refined oils. The order follows: "Upon a further consideration of the record in this case and the tariffs and authorities further Issued, our order No. 120, issued April 12, 19211, is hereby amended, corrected and re-formed, so as to read as follows: "Ordered, that on all carload shipments of crude petroleum moving from all oil producing shipping points to any snd all oil refining points a maximum of 15 cents per hundredweight single and joint line shall apply. "Further ordered, that on all carload shipments of refined petroleum oil, other than fuel, fuel residuum and gas oil, the maximum rate per hundredweight from all oil refining shipping points, west of the Mississippi river to Angola, Baton Rouge, Kassel, Frellscn and New Orleans, the maximum single line rates shall be 17 cents per hundredweight and the maximum joint line rate shall be 18V cents per hundredweight. "And further ordered, that on all carload shipments of petroleum and its products from all oil producing shipping points or oil refining shipping points, west of the Mississippi river, to ponts in Louisfiina, vix: "New Orleans, Texas and Mexico Railroad company, all stations between Sabine river and New Orleans on the main line.

"Morgan, Louisiana and Texas Railroad and Steamship company and Louisiana Western Railroad company, all stations on the main line between Sabine river and New Orleans; also points on the Baton Rouge Branch, Anse La Butte, to Anchorage inclusive. "New Iberia and Northern Railroad company, stations New Iberia to Patterson, inclusive, including Enterprise. "Yazoo and Mississippi Valley Railroad company, stations, Arlington to Shrewsburg, inclusive. "The maximum single line rate shall be 17 cents per hundredweight and the maximum joint line rate shall be 18 Vi cents per hundredweight. "this order not to be so construed as to increase any rate now in effect.

"All rates, rules, orders and regulations in conflict herewith are hereby cancelled." tn core barrd while TEX. USA no. Shrereport, La, if In production figures the most" notabla instances are Homers decline for the first time into four figures, and Stephens' jump of over 200 barrels. At that, however, Homer'e decline was only 40 barrels, which Is less than Its usual cbang-a one way or the other. Standard Oil Case.

1 Smsckover ahowa no letting up In drilling activity or unusual changes in completions, except that more sii-ures are in evidence in the summary than for the last two or three weeks. In Louisiana the rase is different. There is, and has been for the last several weeks, a noticeable lack of activity except in Bellevue and Pine Island. The wildcat has sheathed its claws except for two or three wells in DeSoto, one in Bienville and scattered activities elsewhere in the northwest corner of the state. In Bellevue there has been a recent spurt in developing proven territory and Pine Island is still busy perforating old casings for new wells in the once despised chalk rock, two completions, of which one was a failure, being completed at slightly lower levels than previous producers during the week just closed.

The Louisiana public service commission of its "Finding of Facts" incident to its case to declare pipe lines in Louisiana common carriers, and (the Standard Oil Company's Baton Rouge refinery a public utility, and the Standard's answer thereto, was the big feature of the week and the largest in several weeks, aside from field development. Waste Gas In Arkansas. New drilling regulations promulgated by the conservation division of the Arkansas railroad commission made their appearance during the week. They are patterned after the Louisiana regulations which were consulted in preparing the code. If enforced, they will do much to prolong the life of Smackover, Stephens and future fields, but reports from Smackover are that the waste of gas in that territory is worse than that in the Monroe field was ever accused of being and with this disadvantage that the waste in Monroe at least produces carbon black and gives employment, whereas the waste in Smackover is in allowing wells to flow wild into thin air for days in the hope that they will drill themselves into oil producers.

Incidentally, it is a violation of law In Arkansas. In connection with Smackover, it is noted that Turner and Brooks, in completing No. 8 Laney, in 8-16-16, as a 175-barrel producer at 2295 feet, have completed the deepest shallow well in the field. Some opinion is that the greater depth 200 feet or more is due to elevation, but such difference in surface elevations in Smackover is extreme. Other opinion is that the well has developed an intermediate aand between the 2000-2100-foot pay and the main body of the pool and the 2600-foot stuff to tha south.

Production Stationary. Completions for the week were: Caddo, one producer, one failure; Homer, failure (wildcat); Bellevue, one producer; Morehouse, two gassers and one failure; Ouachita, two gas wells; East Texas, one gasser and three failures; El Dorado, east side, five producers; Smackover, 44 completions, of which five were gassers, three failures and 81 producers; Stephens, three producers. Production figures for the week, compared with last week, werei TMl Wit. WK ctM n. Caddo hrr J.510 RrnaviU tl.tit Homer tXSoto-ZUd River I.I1S I lit U.7 10.HI J.010 I7.TIS AKKAMSAft.

This WH tirt 'Wit ElDorado J9.J75 81.lt flmkover 75.i: St-ehens 1.140 IT.e 1.02S IT 571 Total UCM7S US, ISO Ths week's completions were as follow: Louisiana. Caddo Parish Gulf Refining Company No. 9 E. Tyson, 14-21-15, 20 barrels at 1715 feet, and No. 19 C.

W. Lane, 7-21-14, ealt water, at 1728 feet. Homer Williams Oil Company Js'o. 1 Kelly, aalt water at 2010 feet. Boasier, Morehouse, at al.

No. 1 Harris, 21-22-11, dry and abandoned at 1850 feet. Bellevue National On Company No. 10 Elston, 10-18-11, five barrels at 885 feet. Morehousa Parish I.adel et al.

No. J. E. White, 28-20-6E, 8,000.000 feet of (as at 2,310 feet. Stovall et No.

Stovall, 19-20-SE, 9,000,000 feet of (as at 2,200. Tha Texas company, No. 8 Tensas Delta Land company, J0-29-4E, Junked at 8,480 feet. Ouachita Parish Hatcher and Evans, No. 3 fee, 17-19-4E, 14,000,000 feat of gas at 2,182.

Ladel et No. 6 Fee, 4-19-oE, 17,000,000 feet of taa 2,200 feet. East Texas. Bad Elver County O'Bannon Bros, Trustee, No. 1 Wortham, V.

Harty surrey, Junked at 8,167 feet. Marion County Lucas Oil and I)e-Jelopment company, No. 1 Blocker, W. H. Burton survey, dry and aban- doned at 1,600 feet.

Lake Shore Oil and Gaa company. No. 1 Zachary, roner survey, salt water at 2,640. Panola County Industrial (Ins company, No. 1 Singleton, Asher survey, 8,000,000 feet of gas at 1,865 feet.

Arkansas. Stephens Ohio Oil company, eom-pleted three wellsi No. 1 Hall, 31-15-10, 20 barrels at 2.180 feet: No. I Winery 24-15-20, 150 barrels at 2,200 feet, and No. 1 Somsch with 10 barrels at 2,100 feet.

El Dorado, East Bide Bennlnger et sL brought in A-l Allen with 150 barrels at 2,160 feet Imperial Oil company No. 2 Moody, 17-17-14, with 140 barrels at 2,150 feet. Moran and Carey No. 4 Smith, 80-17-14, 2H0 barrels al 2,220 feet. Rowe and Rowe, No.

1 Allen, 18-17-14, 800 barrels at 2.148 feet. Sure Oil company, No, 2 Brown, 860 barrels at feet Smackover. Amerada Petroleum company, No, 1 CRUDE OIL CUTS kprrtnl to The TlmM. Tulsa, April 23. Collapse of the price structure of the mid-continent crude oil market, an inevitable occurrence, authorities say, was the main feature of the oil situation in the Tulsa territory the past week.

These reductions have their bright side, and according to the statement of a high official of the Standard Oil Company of Indiana, the largest buyers of refined products in the mid-continent field, the present situation has an optimistic tone. This official was quoted as saying: "The reduction in the crude price, and others that may follow, could not come at at more opportune time. A cut in price is not ordinarily the best thing for any commodity, but with oil it is different today. Lured by hgh prices, there has been a veritable tidal wave of drilling activity. While the mid-continent, especially the northern section, is breakng all records.

California is primarily the straw that broke the camel's back. It has nearly always been proven that the best remedy for an over-production is a cut in price. The present time is no exception. "Our reports from California show a slight reduction the past week, but this is not so important as the report that companies out there are beginning to realize the situation and are planning to shut down unnecessary operations. They will have to shut down because the price is being cut from under them.

"There is no question that even this vast amount of oil would be absorbed before the middle of summer were it not for general weather conditions throughout the country holding back the active gasoline season. Another 60 days should see a vastly improved situation. By July 1 I expect to see the crude market regain its equilibrium. By August 15 higher prices than formerly will more than likely be paid. "The present readjustment will more than likely run its course in the next 30 days.

Even lower prices are expected to meet this readjustment, but our preliminary reports indicate that on the "come-back" this margin will be more than wiped out. If producers will sit steady in the boat and confine themselves to necessary operations only, there is no alarm over the fate of mid-continent light oils." McDonald, 34-18-16, 20 barrels at 2,000 fuet, Forrest Oil company. No. 4 Hardin, 28-15-16, 165 barrels at 2,000 feet. Humble Oil and Refining company.

No. 3 Johnette, 83-15-16, 140 barrels at 1,990 feet. Invader Oil No. 1 Hardin, 28-15-16, 1,760 barrels at 2,085 feet. J.

N. Johnson, No. 1 Mullins, 27-15-16, 425 barrels at 2,000 feet. Morris et No. 1 Mullins, 27-15-16, 5,200 feet at 2,076 feet Newton et al.

No. 3 Poole, 25-15-16, 100 barrels at 2,050 feet. Waite Phillips, No. 2 Reeves, 28-15-16, 200 barrels at 2,010 feet. Nate Pharris, No.

2 Hardin, 28-15-16, 1,570 barrels at 280 feet. Richardson Oil company No. 2 Reeves, 28-15-16, 670 barrels at 2,026 feet. Bob Simmons, No. 1 Shirley Berg, 33-15-15, 450 barrels at 2,035 feet.

Standard Oil company No. 8 Umstead, 32-15-15, 140 barrels at 2,030 feet. Stebbins Oil and Gas company No. 1 Bradley, 33-15-16, 160 barrels at 2,000 feet. The Texas company No.

8 Bradley, 33-15-16, 600 barrels at 1,986 feet. The Texas company No. 4 Bradley, 33-15-16, 450 feet at 1,995 feet. T. and P.

Coal and Oil company No. 1 Hicks, 27-15-16, 8,000,000 feet of dry gas at 2,015 feet Vitek Oil company Shirey and Berg No. 2, 20-15-16, 2,000,000 feet dry gas at 2,025 feet. T. J.

Woodley completed four wells; all in the same section and on the same lease, Johnette 3, section 33-15-16, 60 barrels at 2,016 feet; No. 4 with 650 barrels at 2,010 feet, No. 7 320 barrels at 2,000 feet and No. 8 with 110 barrels at 1,990 feet. Arkansas Invincible Oil company No.

3 Meekin, 10-16-16, abandoned account of salt water at 2,720 feet. Danclger et al. No. 1 Morgan, 7-16-15, 8,500 barrels at 2,010 feet. McCammey et al.

No. 1 Saxon, 9-16-16, 100 barrels at 2,200 feet. Marr et al. No. Hughes, 10-16-16, 100 barrels at 2,091 feet.

Morris Drilling company No. 1 Saxon, 9-16-16, 25 barrels at 2,110 feet. Murray and Bailey No. 1 Edwards, 15,000,000 feet gas and 90 barrels oil at 2,120 feet. Olvey et al.

No. 7 McDonald, 1-18-18, 116 barrels at 2,012 feet. Phelps Brothers No. 2 Murphy, 10-16-16, 300 barrels at 2,120 feet. Smackover Rainbow Production company No.

2 Hughes, -10-18-16, 65 barrels at 2,100 feet. Smackover Production company No. 1 Harris, 10-16-16, junked and abandoned at 8,160 foot. Standard Oil company completed No. H-2 Goodwin in 6-16-15 with 25.

000,000 feet of gae at 1.894 feet and No. 6 McClanahan In 6-15-15 with 265 barrels at 2,020 feet. The Sun com pany brought In No. 2 Prfmm, in 1-16-16, making 7,000,000 feet of gaa at 2,000 feet Turner and Brook's No. 8 Laney came in from 2.2S5 feet with 200 barrels, In section 8-16-16.

Transcontinental OH and Gae company No. 1 Sorrell, 86-17-14, abandoned on account of aalt water at 8,070 feet. Williams et al. No. 1 Hughes, 10-16-16, 70 barrels at 2,090 feet.

Culf Refining company of Louisiana brought in all wells; John Goodwin 4, 82-15-15, 15,000,000 feet of gas and 75 barrels nf oil at 2,100 feet. No. 1 Hardin, feet of gas and 2,000 barrels oil at 2,070 feet; No. 1 Umstead, iU-15-15. 16,000,000 feet of gas and 125 barrels oil at 2,000 feet; No.

A 2 John fjoodwln 6, 6-18-10, 225 barrels at 2,000 feetl J. Ridgell 6, In 16-16, 65 barrels at No. I fiaion, 6-16 16, 70 barrels at 2,630 feet, the Acme Core Bit No guess work "Yju can know absolutely linstown, in section l-20-6E, of More house parish. The nearest producing well is three miles west, belonging to the Texas Company, known as Atkins No. 1, in section 27-20-5E, mak-.

ing 7,000,000 cubic feet of gas a day. The Marlett well is financed by New Orleans and Monroe capitalists, who organized the Marlett company. Resume Drilling in Flooded Orange Area HpHl te Tl'e TlmM. Orange, Texas, April 28. Orange looked more liko an oil center this week than ever before, as new interest began to develop in the Ced and Edgerly, fields as well as in tha Orange county field.

The ban was removed on the Or ange county field this week with the a disappearance of water. Scores of drilling rigs now are rattling away, either making new wells or working over old ones in a territory that was a few days ago a vast lake of water with all activities suspended. Interest shifted a bit to the east this week when the Texas Coastal Petroleum Company's No. 2 Hunter, in the Edgerly field, came in at 3200 feet with an initial flow of 1500 barrels a day of 24 gravity oil. This well probably will create a new boom in Edgerly field, which now is being worked almost exclusively by Orange interests.

Smile With WISH we could write. advertisements just half as good as the merchandise we talk to you about Right now we feel it to be one of our daily duties or should we say "daily to make a noise about pipe. You know how ccarce pipe is. And we're just lucky enough to have plenty. We'd feel awfully humiliated if our customers were unable to get anything as important as pipe when we should have foreseen the need and provided against it So, if we get a bit stale in our daily talk about line and drill pipe, smile with us, will you, and remember that to the oil man who really needs pipe it's mighty good news.

Plenty of four and six-inch stock and more on the rails. Lucky us I Smile I Green Green Grass THOSE OF you who own a bit of greensward will you please remember that we have most excellent garden hose? II. J. .1.1. re -I iviaac or me sturt tnat goes into i high pressure oil country hose, braided to make it last, twenty-five and fifty-foot lengths or cut to suit Nozzles, connec- tions everything! A few cents per foot Phones 979-5032 BENDER lrosi A evfly Onaesa IMS MaMbafl wort.

UM mm i any formation being drilled by having a core sample just like it whenou strike it. Ask those novT using the bit, or write the factory Instructions: To drew bit heat and Cut back Win to maVc core barrel extav tion.cut teeth pin is in place as shown, making core entrance inch, which allows core to pass up in core barrel freely Millim Mini Mid With Saall Sum Wisely Inmted Write todsv for FRKB trial Subscription to THK TEXAS INVESTOR. No other journal like It. Oldest established oil sod Investment paper tn Texas, Published weekly la heart nf world richest oil fields By Actual Oil Operator of Many Years Experience Shows how to ave mon'r oa ell Investments and give you maps, facts and up-to-date information ao Investor should be without. Also, Get Highly Interesting Illustrated Book.

Just Off The Press: Temper at dull red neat. Material Is high grade steel MANUFACTURED BY BEAUMONT IRON WORKS CO Fial BEAUMONT LITTLE STORIES OF BIO SUCCESSES" Inside history how many known oil Biea made quick fortunes, Mutual Oil Company Grayson No. 2, northwest corner northeast of northeast 30-15-19, drilling at 1000 feet. Clark and Greer Oil Company, Hamilton and Burris No. 2, northeast corner southeast of southwest 19-15-19, set six-inch casing.

Shaffer Oil Company Milner No. 2, southeast corner southwest of northwest set six-Inch caning. Atkins No. 3, southeast eorner southwest of southwest 13-15-20, drilling 1200 feet. Hude and Aarnes Atkins No, 2, southwest eorner southeast of southwest 13-15-20, set six-Inch casing.

Brown No. 2, southwest eorner southwest of southeast 13-16-20, derrick, Shaffer Oil Company Frasier No. 1, seuthwest corner northeast of northeast 2.1-15-20, drilling at 1804 feet MrDaniel, et Wepfer No. 2, northeast corner northeast of south-canst 2.1-15-20, set surface casing. Gulf Refining Company Mose Jack-sen No.

1, northwest corner southeast of southeast 23-16-20, drilling at 1700 feet Since the Beaumont Iron Works Company took over manufacturing the Acme Core Bit and placing tame on the market we are glad to say it ii doing wonders. Get a set of the Acme Bits now. Write the factory or call In and seo them. They are fine, ACME Oil' DRILL COMPANY, Inc. All awHed ereimiilr Mt request, wlteewt east eanswtlM.

Sisa (tile ad aad aU it tm C. C. CASSAJI. rtllotir. SSI Msdlww Hmsm, Terns fcstabllthsd ISIS HAMB ATnBEM 510 Spring Street.