Show holbrook oil 01 1 field operations concerning progress in the development of the northern arizona oil field the holbrook news says it is apparent to those who are interested in the development of the holbrook oil field that the beginning ol of the end is in sight the end in this ins mace being the completion of a producing oil well in this structure never since the inception of activity in this field has the situation looked so bright in the early stages of the game the wonderful endorsement of the field was such as to create a widespread interest and was sufficient to induce the studding spud ding in of six wells in this area obstacles or oi every nature incident to a pioneer field were encountered and in addition the unsettled condition of the financial world due to the great war and the hysterical boom created by the bringing in of the ranger field were handicaps to the stock companies who were endeavoring deavo ring to prove the field Weather weathering ng all this and after cessation of work at the various wells for one reason or another we now find the work progressing in earnest with no prospect of another lull in development As a criterion of the interest in responsible circles it may be cited that the aztec petroleum securities company compan y has completed negotiations with responsible and capable interests to drill a portion of the immense deeded acreage held by this company just where the first well will be spotted we are not advised but it can be authoritatively stated that work on the new development will be started in the comparatively near future and that ample finances are available for the completion of a large program of development the holbrook oil company with drilling in charge of irving carl than whom no better or favorably known driller has operated in americas oil fields is making satisfactory headway with ample equipment and a new two and a half ton truck recently added to the water hauling equipment casing has been ordered but owing to the congested freight conditions in all parts of the country and the difficulty in securing the casing itself it has been necessary to slow up a little from the aggressive drilling campaign previously mapped out until the casing arrives water is expected any time now from indications and the necessity of casing can be readily appreciated new buildings are being erected at the camp and the company has spotted the location of a second well having withdrawn its stock from the market recently this company is assured of ample funds to complete its development program adamana adamand oil company work progresses rapidly at this well and the showing made by the drillings last week have occasioned much favorable comment being conclusive that oil exists in the field another formation has now been encountered which is a dark lime and difficult drilling manager cook as well as all interested in the field are well satisfied with the showings and progress being made hopi oil company driller cameron who has arrived to take care of the drilling operations of the hopi oil company has moved with his family to the rig south of town new equipment is being ordered by the management and steps are being taken to open up this well and continue it to completion apache oil company the apache oil company continues operations at its location near snowflake manager aiken left saturday night on a business trip and S secretary e tre treasurer a surer george E taylor has arrived in holbrook for permanent residence and will devote his time to the operation of the company As has been stated heretofore the apache management is convinced that oil will be encountered at a shallow depth at the site now drilling zuni oil company H R douglas of the zuni oil company is in town and reports that work is progressing at this well and that a depth of feet has been reached everything is going along 0 K and a new driller is expected at any time which will enable the company to run towers black canyon syndicate manager ben mccloskey of the black canyon syndicate has returned from the southern part of the state and states that his company has received its permit to sell its treasury stock but that as yet no definite plans toward disposal of same have matured he states that an aggressive drilling campaign is to be inaugurated at once followers of the field cannot but be impressed with the activity being shown and the actual progress being made by the operating companies with the new wells in early prospect together with those now drilling the field has reason to be elated over the prospects for successful outcome of operations considerable has been said of the encouraging showings already encountered and the continued endorsement by competent authority is taken by those conversant with the field as a mauer mather of course |