Iraan - Discovery Well Traditional Cache

This cache has been archived.

Lone Star Reviewer: Since there has been no response from the cache owner, this cache is being archived.

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Hidden : 4/10/2011
Difficulty:
1.5 out of 5
Terrain:
1.5 out of 5

Size: Size: micro (micro)

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Geocache Description:

I thought this area need more caches so I hid one on my way to San Antonio. You are looking for a bison tube. As always when caching in West Texas, watch out for things that poke & bite.

Marathon Oil Company Discovery Well Opening one of greatest oil fields in the world, Mid-Kansas Oil and Gas Company (a subsidiary wholly owned by the Ohio Oil Company, whose name has now been changed to Marathon Oil Company) brought in the I. G. Yates "A" No. 1 well on October 29, 1926. The well at the shallow depth of 1,150 feet had a rated potential daily flow of 72,869 barrels. Previously oil men had said: "You won't find any oil west of the Pecos." This did not stop the work of Mid-Kansas Oil and Gas Company and its partner, Transcontinental Oil Company, later acquired by Marathon Oil Company. The strike was sensational. Scarcely more than a year later, the Yates field had 100 wells--two of which had higher yields than Yates No. 1. Under the 20,000-acres Ira G. Yates ranch and adjoining lands lay one of the largest oil reserves in the world. The many developers voluntarily adopted proration. Their plans for allocating and restricting Yates fields production were approved by the Texas Railroad Commission in 1928. This was the first complete commission in 1928. This was the first complete proration of an oil field in the state --and an important milestone in petroleum conservation. The Yates field now has 607 wells.

This cache was placed by a member of the PBCA:

PBCA
Permian Basin Cachers Association
Caching like Crazy, simply because we can!

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