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Show MAKE A MILLION N SIXTY DAYS Tulsa, Okla., May C. Oklahoma's greatest oil well Is tho tltlo that has been given the Gypsy Oil Company's and Frank A. Gillespie's well in tho Jackson Harnett allotment In tho heart of tho world famous Gushing oil pool. This well has produced moro than 500,000 barrels of the highest grade oil in tho southwest nnd has mado Its owners nearly Jl.000,000 In sixty days. Two years ago tho Gypsy & Gillespie Gilles-pie Co., drilled this now famous well to the Hurtlcsvillo sand at a total depth of about 2C00 feet. It started off in that sand at about 1500 barrels, bar-rels, but In n tow weeks hnd declined declin-ed to tho pumper class, as did most of the Hartlesvlllo sand wells. Oil Begins to Flow Sixty days ago tho owners decided de-cided to drill It deeper to tho Tucker Tuck-er sand, which Is supposed to Ho about 100 feet below tho Hartlcsvllle. This wns done, and nt ono foot In tho Tucker sand tho oil began to Maw over tho derrick. This now How Increased every, hour until nil the tanks wcto filled nnd tho surplus was running down tho creek. Within 48 hours n gnugo was token which showed tho well to bo producing nt tho rato of S900 barrels of oil every 24 hours. Threo different plpo concerns laid lines to tho well, but oven then wcro unablo to take enro of tho oil nnd much or It was wasted. Oil men who wcro fniul'lar wltfi tho Tucker sand, declnred tho well would not bo making n barrel ot qll, but only salt water In n week. This hns been tho history of Tucker eand wells In tho north pnrt or tho field, but tho Gypsy Glllcsplo well was to bo tho exception that proves the truth of such theories. Best In' State Within tho last sixty days Its dally production ling declined to nbout 7500 barrels of oil per day, but nt that It Is by far the largost produc- 5 ing w'oll in Oklahoma nnd In tho entire en-tire United Stntcs, desptto its age of sixty days In tho Tucker sand. Oil from this well has been soiling soil-ing nt n premium of 50 cents a barrel bar-rel which, tho posted prico of $1.55, makes each barrel of oil It produces worth $2.05. Tho owners declare this ono well hns produced 500,000 barrels of oil to date, which means that tho owners havo realized clflso to $1,000,000 clear from this one well. Other wells surrounding this kind wero drilled to tho Tucker sand nnd somo of them got as high ns 2400 barrels a dny, but nothing approaching approach-ing the original -well has over been found. It Is Just ono of those freaks that make tho oil business Interesting, Interest-ing, nccordlng to tho geologists. Frank A. Gillespie, nlrcady a millionaire mil-lionaire of Tulsa, Is spending his sharo"of the profits In buying thoroughbred thor-oughbred Shorthorn cattle for his two big ranches in Oklahoma nnd he nover misses n stock show or snlo In tho United Statos. Tho Gypsy OH Company's slmro of tho prollts goes to tho shareholders In tho Gulf npo" Lino Company of which tho Gypsy is tho producing subsidiary. |