This Psychic Reading given by Edgar Cayce at his office, 322 Grafton Avenue, Dayton, Ohio, this 21st day of June, 1924, in accordance with request made by Mr. M. B. Wyrick.
P R E S E N T
Edgar Cayce; Mrs. Cayce, Conductor; Gladys Davis, Steno.
R E A D I N G
430 acre tract of Time of Reading land in 4:15 P. M. Bosque County, Tex.
1. GC: Now, you have before you a four hundred and thirty acre tract of land, owned by M. B. Wyrick, in Bosque County, Texas. Give the best locality for the drilling of a well, how deep one will have to drill to obtain oil. Also give a log of the formation, quantity of production and estimate of the cost. Also tell what would be best plan to raise funds for the completion of this well, and where.
2. EC: Yes, we have this here. We have had this before, you see.
3. Now, in this tract of land, we find there is that production of oil which may be found near where we have located this before, the specific location coming and being that on the South and East side of the anti-cline that comes from near the East border of the tract owned by M. B. Wyrick, near where an old house and a tree, the old stump, still shows that this present stump or portion of tree is an off-shoot of an older tree. This would be the indicator from which we would locate the well, some twenty steps South and East from this stump. Here we will find we will enter the pool that lies Northwest Southeast, Southwest and Northeast, or and near section, or the greater quantities drilling here would be found near central portion of pool or that necessary to enter pool at the depth of near 2900 to 3300 to 3375 feet deep. This formation is such that the pressure will be good with gas encountered here. We will find we have a few feet of earth, some sand and shale clay with lime, then changing every few feet in color and in the character of the formation as considered toward that of cave formations. That is, we will find some of these formations will have inclinations to break and slip into the hole, encountering water formation 96 feet. This of surface and some stream. Again encountering water at 320. Through the shales we encounter gray hard lime, changing to a darker, with some red or brownish formations. Then with lime and shale through the rest of the depths encountered, with some show of gas and of shale oils, with 2200 to 2300 feet, striking the formation under which the larger productions
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will be near the 2700 feet mark and drilling the production of 3000 to 3500 barrels in the 2929 to 3300 feet.
4. The cost of the drilling, when operations are begun, with the tools as are near the site (that is, some of them), will be from $18,000 to $23,000. As to where this may be obtained, we have with this many conditions to be considered. We have in this same district, as a general district, other operations that are under consideration that will be beneficial to this project. We would find that the better place to obtain financial aid, either through subscriptions to the straight oil project, with the geological conditions and the oil situation in the middle of summer, that there could be obtained aid from St. Louis and from New York, with others from Kansas City and Denver. There will be some propositions made these interested in this project in the very near future, but some of these be careful of and be sure that these are well founded in their ability to carry out their offer should this be accepted, for this will prove a very profitable field when developments are opened in these parts.
5. We are through for the present.