More Oil

What no oilman likes to contemplate was in progress last week. In Rusk County, eastern Texas, a new, lively oil boom was in full swing. Sober men gravely predicted that the field may turn out to be second only to prodigious Kettleman, may ruin the delicately balanced price situation.

About a month ago a well was brought in in the southern part of Rusk County. Then the No.1 Lou Della Crim Well came in on the Crim farm about twelve miles north of the first well, near the village of Kilgore. The entire town turned out for the event. A notable exception was Mrs. Crim herself, who went to church. With this well, which started flowing 22,000 bbl. per day. the boom started. Malcolm Crim has made a living for the past 20 years financing the local Negro farmers. In so doing he has acquired much land around Kilgore. Now he sits in the back of his general store, smokes a corncob pipe, parcels out his scattered estate at from $500 to $2,000 an acre although a few months ago $5 would have been plenty. The same scene is repeated in the nearby towns of Tyler and Longview.

Last week Prospector Ed Bateman sold the first well and 1,400 acres of land to Humble Oil and Gulf Oil for $2,100,000.

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