(Q) Is there any oil on this property, Mr. Cayce?
(A) Yes. There is some oil on it and some oil in it too.
Now, we have this as a general outline of the property as we
see it here. Towards the north and east of the property here
as outlined there are cup or curves. That is in the general
structure of the land. It is rocky and mountainous, there
are basins or cups, some low, some good ground in this for
other purposes than oil or minerals or timber or wood. Cup
dips from northeast towards south, almost direct and turns to
the west forming not a horseshoe but more in the form of an
ell ["L"?]. The general trend or lay of this particular
property we are giving here is from northeast towards the
southwest, that is, along this line would be directly across,
that is, New York State property we have given.
As we go towards the south about three quarters New York
State property, we find the general line being northeast
and southwest, the lower land or brakes going off almost
diagonally across this bending only in the northern end, that
is, toward the north shore, while the rest as a general trend
is bent toward the south. Now the brakes [breaks] are in the
lower part of New York State property near the formation of
lakes here or large body of water cut off towards the western
portion of the property. This is towards the central and
southern part of the New York State property. In this
formation, in this basin we have a property where we have oil
and in sufficient quantity to pay. Not that it is of a long
or large quantity but the quality and the duration of this,
if handled properly, would be excellent.
We also have in this much shale that would be worth while
in the same property, that is, the edge of the lake. The
lake's general trend is diagonally across, the longest points
being almost east and west, the two bulges from either end,
northeast and southwest. Now this ravine on this property
here extending northeast and southwest would be the better
property because it extends now across the line to the Jersey
side of some oil property. This has not an exceedingly great
depth running something like 720 to 900 ft. Some of it is
very hard drilling in this but of excellent gravity. This
comes from the animal basis of the paraffin and the shale
form animal matter. The production in this should be from
50 to 63 full barrels of oil per day for a number of years.
The cost of drilling from ten to $15,000 to produce it above
the ground taking care of the production. Above would be of
different formation.
(Q) [Question not recorded]
(A) We find also now farther down, we are tending now
towards the western portion of this land you see, we find
traces of the oil in this cut-off as it were or draw coming
in from the southwest by west. Now we are going from the
lower edge up. The shale would be more valuable for the oil
producers that we would find here than the drilling of oil.
That is, towards the west end. As to the best, and that
which would be of value for commercial use, we would say this
here we have given would be the only oil property sufficient.
In this we would say there would be from ten to twenty wells
could be drilled in this vicinity, each bearing sufficient in
itself to be paying within itself.
(Q) Are there any minerals of any value on this property
aside from the shale, Mr. Cayce?
(A) Yes, we will say there is quiet [quite] considerable
of various kinds of minerals through the eastern portion of
the New York State property, that carrying more minerals of
different values and different kinds. There is also some
found in the Jersey end toward the south and western part
of it that would be practically virgin country not having
been disturbed as much as northern and western part of the
property. Some have been worked in some parts at different
times. There is some lead, iron, salica, mica, granite with
onyx, sal ammoniac (in its foundation) spar (pockets of this
that could be worked quite probably [profitably]. This is a
very valuable piece of land.
(Q) Should Mr. Cayce, Mr. Martin and Mr. Pierson go and look
this property over Mr. Cayce?
(A) Yes. If you find these things here good and can
interest sufficient capital for development on it through
these channels such as we have given here when they are
such that they lend confidence sufficient capital can easily
be obtained to handle anything pertaining to this kind
of properties if it be given credence. Without credence
nothing is done.
GKN: Now, Mr. Cayce, you will dismiss this property, etc.
REPORTS
3/17/21 See
4398-2.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation