Pampa Daily News from Pampa, Texas on February 3, 1935 · Page 7
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Pampa Daily News from Pampa, Texas · Page 7

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Sunday, February 3, 1935
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MORNING, FEBRUARY 3, 1935 THfi PAMPA DAILY NEWS, Pfefflpft, Te*fti SLEVEN COMPLETIONS ADD 2,923 BARRELS TO OIL POTENTIAL SEVEN WELLS BROUGHT IN LAST WEEK IN GRAY COUNTY > BY. GEORGE L. GUtHRIE, ConniltfttR G«ologf«t, Coiubs-WoHey HMit. Eleven completions for the last week added 2,923 barrels dally to the potential in th« Panhandle district. Nine W these Were oil wells • and averaged 325 barrels each. One was a gas well which added 13,150,000 subic feet of gas to the field potential, and the other Well was a dry hnlc in eastern .Wheeler county. NeW locations dropped off for the week'.to almost half the number of completions. The .Railroad Commission, in getting the hew proration schedule out fori.the month of February, set this i allowable factor at 8.42 per cent of :the iproratable oil, which "Is only slightly lower than the allowable for January, which was.8.883 per cent. '.The Texas company has completed ;-its four-inch line to its wildcat Tay. lor well south of the granite ridge. 'In addition to its first producer it .has another well on top of the pay. •\The second'-well, the W. H. Taylor • D-l, Is cleaning out after ft 140• fltiflrt shot. It is located in section 62. COMPLETIONS Gray County. iDnnciger Oil & Refining company ;No. 12 Powell-Beck in section 28, block B-2, H&GN survey, averaged : 494 barrels daily on a Railrod Com- mission.test with the pay from 2,857 ! to 2,863 feet. The hole was bottom• ed at;2,894 feet. '.The I. T. I. O. company NO. 7 Smith, section 139, block 3, I&GN .survey, averaged 441 barrels daily ; on. a Railroad Commission test from 'the pay, 3,235 to 3,270 feet in the .lime, after a shot of 486 quarts with •the hole bottomed at 3,276 feet. 7Th)e Kewanee Oil & Gas company ;N6. 3'Morse 'D' in section 16, block vAi-9, iH&GN survey, averaged 183 'barrels on a 5-day test. It was ^ bottomed at 2,535 feet With the pay. '.from 2,453 to 2,530 feet, and was .Shot With 360 quarts. .Parton & Holt No. 1 Chapman, section 49, block A-9, Hj&GN sur- i.vey, aVeraged 35 barrels daily on 5,day test. It was bottomed at 2,860 i-feet with the pay from 2,753 to '•2j653 feet, and was shot with 250 quarts. The Plains Holding company No. : 1 .Chapman,.section 49, block A-9, ' -H&GN survey, was bottomed at 2,707- feet. It averaged 266 barrels on 5. <day test from the pay, 2,635 to : '.2,705 feet, after a shot of 250 quarts. (The Skelly Oil company No. 19 iSchaffer, East, section 189, block 3, ' :I&GN survey, averaged 350 barrels .'/on 5-day i test with the pay from :3,135 to 3,214 feet. It was bottomed :(lt 3,283 feet and shjot with 390 iflttarts. Its No. 20 Schaffer in the 1 (same location averaged 334 barrels ion 5-day test with the hole bot- itemed at 3,276 feet and the pay •- from 3,118 to 3,212. It was shot With 420 quarts. The.Stanolind-Oil & Gas company ;No. 2'Cobb 'A', section 165, block 3, •I&GN survey, averaged 121 barrels ion 5-day test. It was bottomed at •3,330 feet, with the pays from 3,286 1 (to 3,330 feet. It was shot with 140 •quarts. Moore County. The .Texhoma Natural Gas company No 3 ''P' Sneed, M. George survey, tested 27,150,000 cubic feet ;of gas with a total depth of 2,831 'feet. 'The pay was from 2,405 feet ito 2,743 feet. Wheeler County. .the Helena Oil & Gas company •No. 1 Keller, section 48, block 24, -was bottomed at 2,470 feet. It .averaged 699 barrels daily on 5-day iRailroa'd Commission test with the ipay from 2,370 to 2,390 feet. Johnson & -Barnett NO. 1 Boren iip. 'Section 24, bjock 13, was dry and abandoned at '2,051 feet with the hole full of water. DRILLING IN Gray County. The Bell OH & Gas company No. 5 Morse, tract 2, :section 2, block 26, iH&GN survey, is bottomed at 2,563 •feet With oil pays from 2,390 to 2,415 <£eet and from 2,550 to 2,558 feet. It was swabbing and cleaning out with the hole full <of oil. The Cambrian Oil company No. 4 •Webb, section .'62, block 25, H&GN survey, is bottomed at 2,650. It ifloWed 15 barrels per hour with ; 3,000,000 cubic .feet of gas for 4 jiours. - Danciger Oil & Refining com- ,.,pany No. 5 Barrett, section 128, block 3, I&GN survey, flowed 612 barrels in 24 hours on gas lift. Devc-re & Rbbinsoh No. 1 Aver in section 41, block 25, H&GN survey,! is bottomed at 2,548 feet. It was spraying oil with 22,000,000 cubic feet of gas. The Plains Holding company No. 1 Back, section 45, block 25, H&GN survey, is bottomed at 2,977 feet and is pumping an estimated 25 barrels per day. The Skelly Oil company No. 18 East Schaffer, section 189, block 3, I&GN survey, swabbed 130 barrels in 8 hours after a shot of 450 quarts With the bottom of the hole at 3,275 feet. Its No. 21 East Schaffer, in section 172, block 3, I&GN survey, swabbed 60 barrels in 3 hours after a shot of 280 quarts. The Stanolind Oil & Gas company No. 3 Cobb 'B', section 165, block 3, I&GN survey, is botto'med at 3,332 feet. It was shot with 320 quarts after which it swabbed 177 barrels the second 8 hours. Its No. 5 Cobb 'C', same location, swabbed 45 barrels in 8 hours before being shot with 310 quarts. Its No. 1 Culler in section 173, block 3, I&GN survey, is bottomed at 3,296 feet and was shot with 320 quarts from 3,150 to 3,280 feet and swabbed 200 barrels In 10 hours and 260 ban-els in the next 8 hours. Its No. 1 Kinzer in section 148, block 3, I&GN survey, is drilling at 3,275 feet with 1,500 feet of oil in the hole. Hutchinsoh County. Joe Murphy No. 1 Watkins 'B' in section 10, block M-21, TCRR survey, was bottomed at 2,786 feet and plugged back to 2,740 feet. It flowed 45 barrels in 44 hours after a shot of 120 quarts. Tlie Stanolind Oil & Gas company No. 5 Moore-Langdon, section 125, bock 4, I&GN survey, was bot- ;omed at 3,100 feet. It swabbed 196 barrels in 10 hours after a shot of 230 quarts. Its No. 3 Pitcher 'A' in section 19, block M-21, TCRR survey, after a shot of 300 quarts, swabbed 294 barrels in 20 hours. Its No. 5 Ware 'A', section 124, block 4, I&GN survey, was bottomed at 3,100 feet and was shot with 260 quarts, after which it swabbed 112 barrels in 12 hours. Stekoll Oil company No. 4 Canadian 'A', section 20, block 47, H&TC survey, was bottomed at 2,977 feet. It swabbed 140 barrels in 14 hours after it was shot with 100 quails. Its No. 4 Whiteenburg, section 38, block M-23, TCRR survey, was bottomed at 3,060 feet. It was estimated as a 260-barfel well after a shot of 100 quarts. Its No. 2 Wh/ittenburp: 'C', Prewitt survey, is bottomed at 2,974 feet and estimated as a 400-barrel well. Wheeler County. The Shell Petroleum company No. 1 7 D'Spain in section 52, block 24, is bottomed at 2,500 feet. It flowed 17 barrels in 15 minutes. NEW LOCATIONS GraV County. The Humble Oil & Refining company has staked the location for its NO 4 Palmer, 1,160 feet from the south line and 939 feet from the west line of the west 100 acres of section 31, block B-2, H&GN survey. The International Petroleum, corporation has staked the location for its No. 2 McConnell, 330 feet from the north line and 330 feet from the west line of tl<e northwest quarter of section 175, block 3, I&GN survey. Magnolia Petroleum company is digging the cellar for its No. 9 Pee 227, 330 feet from the south line and 330 feet from the west line of section 14, block 3, I&GN survey. Skelly Oil company is building the rig for No. 23 Schaffer east in section 172, block 3, I&GN survey, 1,320 feet from the south line and 1,320 feet from the west line of the section. The Southern Petroleum Exploration company is digging the cellar for its No. 1 C. S. Barrett, 330 feet from the south line and 330 feet irom the west line of the southwest quarter of the northwest quarter of section 104, block 3, I&GN survey. Wheeler County. Smith Brothers are digging the fcellar for No. 6 Harlan 330 feet from the north line and 990 feet from the east line of the northwest quarter of section 49, block 24. WILD CAT WELLS In Wheeler county, Johnson and Barnett No. 1 Boren in section 24 block 13, was bottomed at 2,051 feet with tl»e hole full of water. Roger et al No. 1 Timberlake n section 86, block 13, is drilling ahead at 525 feet. Rafferty et al No. 1 Sebright in section 62, block 13, is shut down for fuel at 515 feet. Triangle Oil company No. 1 Stewart in section 73, block 13, is shut down at 1,920 feet. It had a show of gas from 1,355 to 1,375 and from 1,625 to 1,635 feet. In Roberts county, Chicken Creek Oil company No, 1 Ledrick in section 55 block C, G&MI survey, is bottomed at 6,085 feet. It had shows of oil and water. Drillers are under- reamirtg the 5-inch hole. In Randall county, Woolsey & Devore No. 1 Oxnard, section 85 lock 2, AB&M survey, 14 bottomed t 5,612 feet waiting on cement to et. It had 2,000 feet of water in he hole from 5,558 to 5,584 feet. In Ocliiltree county, thp U. S. Oil corporation has the. rig for No. Norris in section 212, block 43, H&TC survey. In Collingsworth c'ourtty, Ander- bn & Kerf No. 1 Bell in section 6, ilock 13, H&G silrvey, lost a bailer n the hole and is having some rouble with it, however, the hole illed up about 100 feet with oil in about 8 hours before the bailer was ost. The hole is bottomed at 2,201 eet. FAR! Why »| Hon? if proved stallion excellent, ! MARKET NEW YORK, Feb. 2 (AP)—Stocks and bonds ruled steady today in the "ace of the expscted gold clause ruling from Washington on Monday, and leading grains exhibited a bet ter tone. There was no evidence of •eal nervousness, and the trading volume in all markets was at a minimum. While equity'gains on the ftverage were negligible, a few leaders were able to rise major fractions' to a joint or so each. No definite trend vas discernible in the corporate oan list. Government obligations were a little soft in some cases, but lere, as elsewhere, the movement Was not uniform. In the grain pit a little easiness ,n early dealings was erased toward he close. Wheat ended '4 to % of a cent a bushel higher and corn mproved % to %. Cotton was soft with closing declines ranging from 50 to 60 cents a bushel. Foreign exchange traders were not too confident. Leading gold currencies sagged, but the pound sterling was able to gain a little ground. The almost total immobility of the stock list, as a whole, was evidenced by the rise of only .1 of a point in the Associated Press average for CO selected stocks at 38.7. Turnover totaled 399,090 shares. Am Can 8113% 113 113% Am Rad .... 54 14% 13% 14% Am S&R .... 15 35Vs 34% 35 Am T&T .... 12 105 104% 105 Anac 12 10% 10% 10% AT&SF 37 '45 43'4 45 Avia Corp .... 1 4% Baldw Loc ... 7 5% 5% 5% B & O 13 11% 11V4 11% Barnsdall 1 6H Bendix ; 5 15% 15Vi 15% Beth Stl .... 24 30% 29% 29% Case 9 55% 55 55% Chrysler .... 52 37% 36% 37% Colum. G&E ..10 6% Colm Sol .... 16 21 .20% 21 Con Gas ..-.. 21 19% 19% 19% Con Oil 37 7% 7% 7% Con Oil Del .. 20 17?'« 17% 17% Cur Wri 5 2% 2% 2').', El P&L 3 2% 2% 2% Gen El 79 23% 23 V\ 23% Gen Mot .... 82 31% 31 31% Gillette 5 13% 13% 13% Goodrich 4 10 9% '9% Goodyear .... 12 22% 22'4 22% Hupp Mot 22% Ills Cent 3 13% 13% 13% Int Harv 28 41% 41 Vi 41% Kelvin 6 16% 16% 16% Kennec' 68 17 16% 17 M K T 1 5 M Ward .... 45 26 25% 25% Nat Dairy .... 19 16 15% 15% Nat Dist .... 44 27 26% 27 N Y Gen .... 20 17% 17% 17% N Y N H &H 4 6%- 6% 6% Nor Am 26 '12% 12% 12% Ohio Oil .... 4 9% Packard 30 4% 4% 4% Penney 26 68% 67 67% Penn R R .... 47 21% 21 2Hi Phil Pet .... 12 15V4 15 15'4 Pub Svo N J ..8 25% 25% 25% Pure Oil 1 6% Radio 38 5% 5% 5% Repub Stl .... 10 14 13% 14 . Sears 30 34 33% 34 Shell 8 7 Soc Vac 12 14% 14 14% Sou Pac .... 17 15% 15% 15% S O Ind .... 17 24% 24 24% S O N J .... 16 40% 40'/t 40>4 Studebaker .. 134 1% 1% 1% Tex Corp .... 13 20 19% 19% T P C&O .... 3 3% Un Garb .... 6 46% 46V4 46% U S Rub .... 7 14'/i 14 14 U S Stl .... 24 37 36% 37 KANSAS CITY LIVESTOCK KANSAS CITy, Feb. Z W)—17. S. D. A.—Total cattle receipts at eleven midwestern markets numbered 178,)00 against 156,147 last week and 160,346 the corresponding period a year ago. Although comparative figures show an increase in numbers the supply of beef was only moderate; the run at most centers on early stations included a sizeable luota taken by stocker and feeder juyers. Also the average weight on tilling steers and yearlings is considerably less than last year at this lime. Slaughter steers and yearlings advanced 25-75 with the lower grade at the minimum upturn but still relatively high. Lower grade heifers went unchanged while better grades and cows made a gain especially good beef cows. Country demand absorbed most thin cattle at from sti-ohg to 25-50 higher levels. At Chitagb choice long fed steers reached 13.65, a new peak since 1930. Best light yearlings reached 13.25 while top heavy heifers made 11.75 ftt the same market. An aggregate of 300,000 hogs was 17,000 less than last week's figures and 231,000 under the total last .year for the same week. Weights below 20 Ibs., ariving in more liberal numbers declined generally 25 while heavier averages cleared steady to 15-25 off. The circuit's best price was 8.00 at Chicago and St. Louis. A downturn of 25-50 was made in fat lamb prices with less desirable kinds at Chicago off 50-75. Sheep sold generally 25 lower while feeding classes wore offered in numbers sold 25-75 under last week's close. A few select lambs at St. Louis scored 5.50 while best feeding lambs at Chicago brought 7.65. CHICAGO GRAIN CHICAGO, Feb. 2. (AP)—A moderate late outburst of buying, apparently to prepare for possible surprise developments Monday, gave an upward ^trend to grain prices today at the last. Talk that the United States supreme court gold decision looked for Monday next might be further postponed had an unsettling efffect earlier, and so did weakness of wheat at Liverpool. On the o'ther hand, traders took sharp notice of subsequent Washington gossip that was construed to indicate likelihood the gold clause cases would be disposed of in short order Monday. Wheat closed firm at the day's top level !«-•'); above yesterday's finish, May 96Vi-%, corn unchanged to % higher, May 84-84%, oats unchanged to ',4 off, and provisions unchanged to Vi off, and provisions unchanged to a rise of 17 cents. Corn and oats mainly reflected wheat price action. Provisions eased early with grains, but afterward advanced owing in part to bullish monthly figures relative to warehouse stocks on hand. 01. New .York Curb Stocks Cities Svc ."'. 17 1% 1U 1% E! B&S 42 6V, 6 6"« Gulf Pa 6 56% 56 56% Humble 1 45% Ill NMH IS INVITES MARLAND TO CALL CONFERENCE FEB. 15-16 AUSTIN, Feb. 2 (fl 5 )—Governor James V. Allred today invited Gdv. E. W. Marland of Oklahoma to call ft conference. of governors of oil producing states to meet in Dallas, probably February 15 and 16 to discuss an interstate oil compact. Gov. Allred said after a conference with W. J. Hollcway of Oklahoma ""ity. representative of Gov. E. W. Marland. of Oklahoma, the dates February 15 and 16 were tentatively agreed on, subject to Governor Marland's approval. He may complete arrangements Monday for the meeting. Holloway, Allred and E. O. Thompson, chairman of the Texas railroad commission, administrators cf oil and gas laws, conferred at length, although they announced the discussion largely was confined to time and place for a conference of governors. Holloway ascertained from Gov. Allred that Texas "should at all times stand ready to cooperate with cur sister states to achieve the true purposes of conservation." Added to that, however, was the admonition of the Texas legislature that a compact should be confined to prevention of physical waste, "without price fixing and witbput the creation or perpetuation of monopoly or regimentation." Negotiations for an interstate ccmpact by governors were authorized recently by legislators of Oklahoma, California, New Mexico, and Texas, similar action by the Kansas legislature was anticipated. "In this report," he said, "the committee, which went into the (oil) situation most carefully, pointed out that perhaps a solution to the many troubles of the oil business could be' found in an oil states compact-, wherein the states themselves, by permission of congress, ,could, by treaty, 'solve their own problems." Allred said he invited Thompson to participate in all conferences, "in view of his intimate knowledge of the questions involved and his official position." Preliminary cbrtferences of oil states governors, called by Maryland, resulted in recommendations for a compact, formed with sanction of congress and approved by state legislatures, for prevention of waste of natural resources. NEW ORLEANS COTTON NEW ORLEANS, Feb. 2. (/ FASHION NOTE: New Dress Clips are taking place of necklaces. Trading was active in today's short week-end session and prices took rather a downward slant owing to "inal liquidation in advance of the supreme court's decision in the gold case expected Monday. A good part of the offerings was absorbed by buying by large spot houses. Cables were also rather weak and outside markets were easier. There was some resistance to poor cables at the start but prices soon started to ease off under more insistent liquidation and at ths lowest reached in the *ate trading prices were 11 to 14 points below the previous Close. There was a slight rally of a point or two at the end and th« market closed barely steady with prices showing net declines for the day of 10 to 13 points. New lows for the day 'were reach- in the late trading with March at 12.21. May and July at 12.27, Oct. at 12.27 and Dec. at 12.23, or 11 to 14'points below the previous close. There was a rally of a point or two at the end. March closed 11 points net lower for the day, May and July 10 points.net lower, October 13 points net lower and Dec. 12 net down. Many Entries In Fat Stock Show Entries in the Amarillo Fat Stock show are being steadily received, according to Ralph Thomas. Gray county agent, who is superintendent of the Baby Beef division. He expects between 125 and 150 •alves entered in his department. There will be smaller numbers of pigs and sheep. About 15 calves are being fed in Gray county. Tha show will be held March 4, 5, 6, 7. New Industrial Classes Will Be Launched Soon The industrial classes that have be?n "sponsored by the Hopkins schools have proved so popular that new ones are to be begun upon completion of the ones now under way. Most of the classes will complete their course next week. New classes in mathetmatics, science, engines, nnrl possibly electricity will be offered. Nine classes have been organized by ths local schools, and 170 men have been enrolled. One class reported an attendance record of 99 per cent during the last month. A recent letter from George H. Fern, stntp director, encourages the schools to continue the work and to met with other groups to explain the set-up. We 'hav. our new Jewelry. fUjpme let us sh6j*r ~ our New ust received' ring linfe/of' 1^ j>me uv'and-- '' yr you Jtfirough .u/ Me CAR LEY'S "Jewelry Watch Inspectors: Sa {f Integrity" a Fe, Ft. Worth& Denver ATTEN ERS AND \ years^-ahd his ee $15.00 though owned by an outstanding tor a few~ JS «eefcs, out ureViorses (or sale. hoarding rates are'reas Some very fine colts and 4 Miles 'West of Pushland on High jMBrr, J. Mnflsay Announcing •H" ~~ The return of F. M. Foster from Oklahom City where he closed a deal for the agency for the NORGE ROLLATOR REFRIGERATOR, NORGE WASHING MACHINES and NORGE GAS RANGES, You can now see these on display at the PAMPA FURNITURE COMPANY, in the Window or in the store. We invite you to look over this wonderful line of Merchandise. Drop in any time and let us demonstrate to you. Plenty of cold at all times... extra cold when you need it IN summer, when you ne&l refrigeration the most, is when Norge RoflatoK Refrigeratj shows up to the best'advantage. B the 'surplus power o/the RolJator col ing mechanism giVea.you ahlolute ass ' • • >' • *™**" "^i** ff ""frmij. of perfect refrigeration ]arp plenty of ice cubes no matter hojf hoi ypur kitchen may get. Only Norge Was JBe Roll a tor. Sitntrneir Com/or* . largain quantiti 'the left-overs w; a thought of fi cold of Rollatoi prices — use —there's never the protecting tion. Users Bay onth. See the Norge Before You Buy Beauty—conveniences—dependable per- There's sound" economy in the cooling powder of the Rollator—in capacity Cabinet of the Norge. Buy f( t H E ft OL L A T 6 B i Smooth, easy, Mting poiver instead ?/ (he hurried back-rtii-forth 'action of the ordinary ritfr'igerftaf.Aochaiiism. Result— Ynbte 'tooKnfc poiver for the current tttjtl, Only Norge has the Kolkaor. And with them y so great mat m|ny tanes ttp^iost. y AvantaVea of fore round econo run, Norge saves ive your home the llutor Refrigeration. buy. ROi-uMiu.) i,i.f rtidtrtA . iOj< — ^

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