OCR Text |
Show Shutdown of Oil Wells Not Yet Felt Tulsa, Okla. Effect of the Seminole Bhutdown agreement, which was indorsed in-dorsed by fifteen of the largest producers pro-ducers in the area, Saturday, cannot be measured for several days, according accord-ing to Ray H. Collins, umpire. Three of the largest companies in the pool, the Prairie, Gypsy nad Carter, stopped .drilling wells on the edge of the pool several days before the agreement was made. Collins does not believe an appreciable decrease In production "will be shown for the next ten days or two weeks. In brief the agreement reached by the producers was to shut down all unnecessary drilling wells and not to start new wells unless they were offsets and necessary to protect property. |