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...prevent a match or spark being struck there. The schools closed. Cause of all this was an oil well just beyond the southeastern city boundary, known as the C. E. Stout No. i. It blew in last week and in eight minutes, seeming well under control, produced 350 bbl. of oil. Then sand came with the driving liquid, cut through the valves, demolished the surmounting derrick. The well turned into the "wildest ever seen," much more powerful and dangerous than the nearby Mary Sudik, which last spring kept Oklahoma citizens alarmed for ten days (TIME, April 14). C. E. Stout...
...reveries abruptly interrupted and realized. The monotonous tamping of an oil-well driller 150 ft. away suddenly ceased and Swuss-shh! high over the top of the derrick rose a column of dirty liquid, filling the air with a fine spray of oil, sand, gas. Gauged at 65,000 bbl. per day, the gusher was pronounced by oilmen the greatest high gravity producer within their recollections. As delighted as its owners were the children who swarmed out to witness the spectacle, for the fire chief ordered the school closed because of fire hazard until other wells could be brought...
Better Statistics. Despite Oilman Julian's recalcitrance there were evidences last week that the oil industry is getting into a better statistical position. The daily average of production dropped to 2,463,000 bbl., below any weekly figure during 1929. This betterment is the result of rigid curtailment. The most spectacular examples are the South Oklahoma City field where, although a 25% production of potential capacity is allowed, operators have been running at 8%, will slow down to 5%, and the Hobbs Pool, New Mexico, running 32,000 bbl. per day instead of a potential 287,000. In Pennsylvania...
...Montana. Another indication of co-operation was shown last week when the independent producers of Montana met and formed an organization. Montana is no great oil State. Its production of 3,183,000 bbl. last year was less than half of its 1926 figure, and scarcely more than the production of New York. Montana oil gushes slower and slower, and refining capacity is far ahead of production. By far the greatest amount of Montana oil comes from the Kevin-Sunburst field in Toole County, near Canada. Montana oilmen show a special fondness for selling oil royalties. Probably the most colorful...
Last week 70% of Transcontinental's stockholders voted that the company be sold to Ohio Oil Co., dissolved. Ohio Oil is one of the large producers, turning out 18,096,000 bbl. last year. It shares the rich Yates Pool with Transcontinental, and the two companies are associated with Prairie Oil & Gas in large natural gas developments. President and general manager of Ohio Oil since 1927 is Otto Dewey Donnell, oldtime oilman. He joined the company 35 years ago, became a director in 1911 when it was severed from old Standard Oil Co. of New Jersey, was made...