thought you knew, goosie, that we measured oil by barrels. That well is flowing slightly over five thousand barrels a day. Altogether our wells are now yielding well over fifty thousand barrels of oil a day."
"I read in one of the papers about a man who paid three thousand dollars for one acre of oil land," said Bob thoughtfully. "How did he know he was going to find oil here?"
"He didn't know," was the prompt answer. "There is no way of knowing positively. Many and many a small investor has lost the savings of a lifetime because he had a 'hunch' that he would bring in a good well. Right here in Oklahoma, statistics show that in one section, of five thousand two hundred and forty-six wells driven, one thousand three hundred and fifty-six were dry. Now it takes a lot of money to drive a well, between twenty and thirty thousand dollars in fact, so you may count up the loss."
"But there is oil here—just look!" Bob waved comprehensively toward the beehive of industry that surrounded them.
"Right, my boy. And when they do strike oil, they strike it rich. Huge fortunes have been made in oil and will be made again. If the crooks who pose as brokers and promoters would keep their hands off, it might be possible to safeguard some of the smaller speculators."
