Abstract
The Petersburg pool is in southeast Hale County, near the southern boundary of the Texas Panhandle. The one-well pool was discovered by the Stanolind Oil and Gas Company in 1947 as a result of seismograph work. The discovery well, the Stanolind's Fisher No. 1, located 1,210 feet from the south and 660 feet from the west line of Sec. 5, Block CL, EL&RR Survey, was completed in limestone of Cisco age at total depth 6,992 feet, initially producing 1,008 barrels of oil in 18 hours. Within a year after completion of the Fisher No. 1, dry holes had been drilled on four sides, a granite test had disproved deeper possibilities, and the discovery well had begun to produce water. Oil accumulation in the Petersburg pool is due to local presence of a porous limestone reservoir in an area of anticlinal closure.
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