Western Oil Derrick (Oklahoma City, Okla.), Vol. 3, No. 17, Ed. 1 Saturday, April 24, 1920 Page: 3 of 4
The following text was automatically extracted from the image on this page using optical character recognition software:
WESTERN OIL DERRICK. SATURDAY, U'RIL 24, 1920.
Py.GE i HRLE
ONLY SIX DAYS MORE
To buy stock in the Western Oil Derrick Leas-
ing Co. No. 2, and get the dividend to be paid April 30
SUBSCRIPTIONS TO THIS STOCK ARE COMING IN FROM ALL OVER THE UNITED STATES. INVESTORS KNOW A GOOD THING
Buy stock now while the par value of $1 is in cffcct. and set
companv drills no wells. We let the Inj^ companies lake .ill the drilling* risk to
make our leases worth millions •
Investors who desire to purchase tlii^ stock in time to participate in the dividend April
30 arc urged to wire their subscription*, utile-- thev are willing to trust the mail to bring
remittances to the company before noon ol April 30.
(oin the winners. < let in with a company which follow - the same methods which have
made hundreds of millions of dollars for the monster oil corporations.
FOLLOWING THE DIVIDEND THE STOCK OF THE COMPANY WILL BE ADVANCED FROM $1 TO $2 A SHARE
(let in with the winners.
the dividend April 30.
Books close at noon April 30. No subscriptions will be received after that time until the
books re-open in May.
This company owns thousands of acres of leases in territory
drilled or are contracted for.
where wells are being
Hie Western t*)j| Derrick Leasing Company No. 2 offers it- shares
at the par value of ?1 each, fullx paid and non-assessable, to those in-
vestors who desire a ^conservative investment in oil. x
There is yet time to become a shareholder in this successful com-
pany which pays no salaried, issues no promotion stock, and which in-
vests every dollar of the stockholders' money in leases in territory where
wells are being drilled or are contracted for.
The capital of this company is $100,000. Shares are of the par value
of $1 each. The company i> organized under the laws of Oklahoma, and
claims that its asset- are superior to any other oij company of it- size
and age in the land. Mi", the claim is made that the Western Oil Der-
rick Leasing t ompany \'o. 2 ha's resources in acreage which already are
far above the Value of all the stock issued by the company. In other
words, the management of this company claims that the methods adopt-
ed In the company are the >afest which can be employed in oil oper-
These methods are exactly the same that have made enormous
wealth for the biggest oil companies in America.
The greatest oil corporations in America do not buy -tock-. 1 hey
buy leases. W'e do the same.
Wise investors are invited to become stockholders in this company
while the stock can be bought at the par value, $1 a share.
This company already owns the most magnificent lot of leases that
an\ -imilar company ever acquired during its first year of operations.
This company buys leases and lets other companies drill near the leases. A e play safe as possible Wt let
companies take the risk. We expect to own more than 100 leases. If a well comes in near each one of our leases, th.s com-
pany will pay the largest dividends ever known to the oil industry.
Western Oil Derrick
Leasing Company No. 2
HARRY G. JOHNSON and S. T. BISBEE, Managing Directors.
Wells are drilling night and
day near our leases; when
a well comes in near any
one of these valuable leases,
the stock in this company
will go out of sight and will
be instantly withdrawn from
This company is not vet (> months old, yet leases owned give ample
evidence of the succc-s which attend- the operations of the company.
W i lls arc being drilled in all of the territory where the company
own-, lease «.
When the first gusher shoot- crude oil over a derrick near any one
of our leases, the stock will be instantly withdrawn from the market,
and thou who arc the owners ot shares w ill get all the money that the
Stock now is $1 a share.
Stock will he advanced to $2 a share hv reason of the fact that th*
acreage owned by the company has increased in value to justify such
an adx.inco. It the purpose of the management to give investors an
opportunity to become shareholders in the company ahead of the ad-
vance, and to also give them the opportunity to participate in the first
This company drills uo wells, but will permit other companies to
drill wells on the leases which the company Owns This company,
promises to be the most successful >>f any oil corporation now operating
in the wonder fields of the southwest. W'e take less chances of toss,
vet we have the marvelous possibilities of gain which accompany the
drilling of monster oil gushers in the southwestern states where we
operate .... « .
As soon as the stock issued reaches an amount that will absorb the
fund set aside to' pay the April dividend, the management reserve* the
right to w ithdraw the stock from sale.
WESTERN OIL DERRICK LEASING COMPANY NO. 2,
Hucklns Estate tluildlng,
Gentlemen: Enclosed find check tor $
in fnlJ j 7BMmi of
shares of stock of the par value of *1 each. Mllr and non
assessable, of the We: t, rn (111 Derrick Leasing Co. No. 2. I am In i iirtta* hi thta
company unrior th< explicit agreement tliut the company has ismittd no promotion
stork and never wilt: that no salaries are being paid or ever wilt b®; that no com-
missions for the sale of stock are paid, and that every dollar of the ntoekhoMar'
money will be invested in leases In territory where wells are being drilled or are
i]IG OIL FLOW
IN BEGGS FIELD
leu. Kvangeline and.Iberville parishes,
Louisiana, were sold in fee simple, to
a newly organized company this week.
There are already several producing
wells on this property, part of which
is favorably located in the Bull Bayou
BEGGS. Okla., April 21 Producers The group of ni n who made the
it Refiners Corporation No. 1 Lucy purchase are Walter B. Raymond of
Coleman farm, in the southwest coiner j New York, attorney; A. .1. Lanier,
of 29-15-11, west of Ben; found the shreveport; W. B. Dayis. president, of
top of the I;uteller sand at 2.4S7 feet \y. B. Davis A Son. Mfg. Co., of Chat-
and the Hr«t pay made a ..0-harn I tanooga, Tenn.. and Earl Cochran,
well, after which a break was drilled.; general marager of the Fort Payne
and top of the second pay was found : Land and Lumber company of Fort
at 2.412 feet. \t 3 feet in the second Payne, Ala.
pay, it is flowing 1.200 barrels. The flie consideration involved in the
well is east of rhe proven area n sale of this property has not yet been
Pecos- Toy ah Field Is Wonder Pool
quarter mile and may make an extra
large well when deepened.
HAS NEW OWNERS
COASTAL OIL UP
(I asm! uioai ponunuoo)
twenty gallons from the well, which is
claimed to be only fifty-two feet in
depth. Three oil sands are found on
the Turney ranch, it is claimed, at
depths of 52 feet; 300 end 700 feet
respectively. Two other shallow sand
wells near the oil wells have gas
bubbling out of them. They blaze
everal feet when lighted with matches.
Cil at 160 Feet.
On the Wilron ranch, near the Pecos
river in Ward county, southeast of the
bell well, hallow oil is claimed to
have been loiind at 160 feet.
Oil is reuorted to have been found
the Pecos county flowing well.
Over across the Pecos county line
in Brewster county, near where the
Cokernut well is being drilled, oil was
struck several years ago in a 600-foot
well being drilled for water. A strong
gas showing was struck that smelled
so bad from sulphur that the old man
who owned the land decided to fill up
the well. He is said to have lighted
his pipe while performing the oper-
ation. As a result, he was almost
burned to death by the gnu.
Tucker Is Big Investor.
A syndicate of Pittsburg oil men
has bought one hundred thousand
SHREVEPORT, La., April 24. The
well-known Ciauque lands, totaling
about 60,000 acres, located in De Soto.
Sabine, Red River, I
loches. Grant. Rapides
HOUSTON, Texas, April 24. The
Gulf Pipe company announced an ad
vance of fifty cents on coastal crude, j
carrvinK the price to $3.00 per barrel.
Other companies operating in the ported. A deep test now Is drilling
«oastal fields are predicted to meet
Premiums over the posted price of
ler, Natchi-1 $2.50 have been paid by purchasers for
Avoyelles. Al-1 several days past
on the La Ven ranch at Crystal Water .acres on the Cokernut ranch and are
postoffice, between the towns of Pay doing the drilling H. H. Tucker. Jr.,
ote and Grand Falls, at shallow ■ of Kansas City, has bought ranches
depth. ' composing lorty thousand acres lo-
On the Kftes ranch, south of the cated on four sides of the Cokernut
town of Monahans. Ward county, near well. The Cokernut well is down over
the Pecos liver, oil showings are re three hundred feet and is drilling da>
;..vx y-. *****
OF LOSING ON
Your Texas Oil Investment
9hown by Our 110.000 Statistical Map
Espcrts hnvr been t.u.y fur week. pr«p.rln the mo . complete Geological
and Statistical Map of Texan ever compiled.
This Map !s Now Ready For You. It Coit*
$10,000 to Prepare and Is Worth It
which measure? Iftx24 lnrh " are shown
v ith brief explanation of their character
iteb located, with average pro-
1 refineries operating or under
<>n the face of >-«i
geological surfnc- tructure
ir- even dnv language
All known <>il ind gai '
ductlon of each field
L KMfctlon. i l*e «
"""iXtZ ■ I *11 principal pipe ;>"• -J1"1
Vhc'fX'X table, .„d ch„t
T.hlf Ml^ nK merlin -de -l and
Tablo fhow ... -
f,#1 TabS* shdwinrJapproximate production for e*rh of the principal
Tpxik- fi. Ul- in 1!*1S and first five mon it'rfn'J,lpa, "North Texan companies
Table showing Murrh 19*.!) IncJiurivc. also dividends paid
bylirSU old-e'^lXlJA oil company over a Ion* period of rear..
Free to the Readers of This Paper
iiila for one dollar, but
and night with a standard rig
At a depth of 92 feet on the Ink | At least two shallow and three deep
ranch, when a water well was being 1 tests are to be drilled near the flow-
drilled In the horse lot some ten years ; jng wells in Pecos county. One com
panv has purchased twelve thousand
feet of the < arth's surface has been
washed awav, according to statements
of nearly al! most famous geologists
now working this section of the
Dr. Hugh H. Tucker, of Dallas.
Texas, located the discovery well for
the Bell interests. Dr. Tucker also
has located the five wells of the Sun-
shine Oil Corporation, also the Texas
American well on the Estes ranch,
near the Pecos river in Ward count j
ago, oil was found, according to re
ports in Pecos county. This tract is
located northwest of the Pecos county
In the town of Buena Vista, located
directly north of the Pecos county
flowing w^lls. oil and gas abowings
are reported in a well drilled years
ago for sulphur.
Oil Seeps Out.
Near the steel brtdge over the Pecos,
north of Buena Vista, oil seepages
have existed for years, according to
statements cf old citizens in Buena
C. A. Mcuile. for years manager of
th^ National Supply house in Inde-
dollars' worth of acreage this week
and will move a Star rig into the field.
This company plans to go down 1,500
feet. A geologist who looked over the
tract of acreage says that the form-
ation is similar to Ihe Corsicana form
ation. The Corsicana wells are known
as the longoat-lived wells in Texas.
"It is from inch formation as this that
the world will be getting its supply
of oil long after Burkburnett. Ranger
and Louisiana are forgotten." remark
ed the geologist in passing favorably
on the landr purchased
STANDARD OIL CO.
READY TO EXPANt
NEW YORK, April 24.—Although
the principals in the negotiations of
the Standard Oil Company of New Jer-
sey for new funds aggregating $100,-
000,000 were reticent, it became known
that the company has been discussing
such an issue with J. P. Morgan & Co.
It was unofficially reported that the
issue will be 7 per cent preferred
stock offered at par.
The new money, it was said, will be
used to get more production possibly
some new land also. Since the recent
boom in the industry the Standard Oil
company has been prospecting for
new wells more than heretofore. In
the past the company often preferred
to permit outsiders to do the "wild
catting" and then to arrange to pur
chase the oil from them. All the oil
companies are said to be hungry for
new capital, not only to carry on de-
velopment work but also to carry the
higher inventories resulting from high
The news that the Standard Oil com
>x.•:•: <•<*>-:">*'>*****♦** *♦♦♦♦**♦>
THE REED TUBE COMPANY
•j 909-910 Oil Exchange Bldg. Oklahoma City, Okla
? OIL WELL CASING
t TUBING LINE PIPE
STORAGE TANKS %
Try Reed Service—It Satisfies
Phone—Long Distance, 457. Phone—Local, Maple 5420. f
•:••:-** x^v*************^****•*«♦♦♦*• ***<-
JAMES 8. CAMP,
WESTERN STRUCTURE LEASING
J AND DEVELOPMENT COMPANY
1,000 ere-, in Kiowa county, Oklahoma, for driUmg con-
\\ , hu\. 4.000 irrcs of new pro<kicer fR oil an<I leases
I, tedju -i outliwcst of Roosevelt, Oklahoma, in the big gap
j, in thi mountain- We have the geological report on thb block
;i. r< id} for those who are. interested. They are producing oil
a both north and south of this block.
J; If interested write or wi*e the
1 Western Structure Leasing
and Development Company
Geologists who have worked over
the strueturfafi in Pecos county n^n: panv wan In the market for $ 1 'wj.uoo,
pendcnce, Kansas, also a pioneer oil j thP nowinR wells claim that the slrur 0(10 more, after huvinK sold JSS.ooO 000
driller, no doubt has the most eorreci , ture i5 ahot t thirty miles long an<l ot 7 per • nt preferred stock in the
data on Pecos county deep tests He . ,wentJ. milei in width running fron fan, revived the rumor that the com
has a well in th northeast oorner of a p^t n0rlLeast of the town of For psny purposed to buy control of the
the count* almost north of the Pecos Stockton on northeast and across th" Texas Parlllc Coal and Oil company
county flowing welH which at present j per08 rj«.r. K. I.. Marston. president of the alter
; ineress* in production of eruas om from i ." "•
i.piriiJ production ... United *. «« . .Tmw and ihi. wo
howtnr numtwr of drilled and number producing for
% <s shut down awaiting for casing, st a
depth of 3,700 'feet.
Menzie suy* that he went through
iriM r> M*d in TtXtu*
S i for vntir envv today
The PecoaToyah Structure. company, denied an' knowledge of
On the Bell well structure tin U(.fo intention on the part of the
geological rp.nions ' to divider! standard Oil official!, und declared
fiftv fe*t of unbroken oil producing tQ 6omP e^ten* Many geologists no negotlationa had been im
Band at a depth of l.BM feet which ; that the structures cross neal ated Ho said further that at the an
will produce 100 barrel of o*l a day 1 tJj^ Bej) wen. while others declare nuftj meeting of his company on Apr!
\t a depth cf 60<> feet, he says tha". rh>t structure runs northeast and 2i, the stock of his company would bf
there was a
good oil sand The °'' southwest ucroas the Toyah field ,Prr« aspd from $H.000,000 to $10,000
Prudential Securities Co.
Houaten, Texa .
DETACH HERE ++*++<+<*+*<*<++*>
regular with other
Ready to Shoot.
According to Memie. he hap several
| hundred feet of open hole and he ha-
| not found any water to speak of to
I interfere with drilling. It Is possible
I that a
ecos rlvi *
Y'llemac aoa4 ow of your
ee statistical maps of texas
I LRAPK RITE P1.AIXLT
bo Men*W are ; Gfher geologists claim tha
famous Tsxh: ■ (ure nni| parai|«i with the
for a distance of ov
miles in length.
Oil men - big and little—are playing
the Pecos valley field for all it '•
worth. Scouts for nearly all of th<?
, big companies are watching inov -
that a shot will be placed In the black j mMlti cioseiy Many of the big enni
ht, does not produce oil.] pgn|#, haVf. hought heavily In acre
Men lie's Mends claim that he will re , ^
shallower sands and bring | Desp Sand Expected.
Support is given to the Hell well pro
ductlon by the reports
Y j 'urn to the
'i in the well In mans of the lim<
$ it Hanger ^ Desderaona. shooting i
•> I nssarv before ihe mtsher oil i
found at a
river In Crock
thai while the *and
shallow derth. it 'Is In reality a do
^and well. This It due to the lies
county, -hallow oil has been found • proilon tn the Pecos valley. In the
:i n!,| eli somewhat similar to of ,h. pa>t more than a thousand
000 It has not yet been decided, ac-
cording tr Mr. Marston. whether the
calital will be increased by means of
a stock dividend or through the sal'1
of new stock.
Griggs—"When 1 don't catch the
name of the person I've been Intro-
duced to, 1 ask if it's spelled with an
e' or an '1.' It generally works, too."
Briggs I used to try that dodge
myself until I was Introduced to a
young lady at a party
the question about th
flushed angrily and
the whole evening."
"What was her name?"
"! found out later It was—Hill.
i TEXAS OIL is a fortun# maUcc 10U new Millionaires already
* ;t4l). },. niaii' moro in the making. Texaa Is the greatest, oil
riuflf, -mi.- in th. ITnion All records broken for high percentage
o!' Iiih well* -over 3,000 wells now drilling.
TORT WORTH is the World s greatest oil conter 0 Oil Refln-
firh,. jn oi>< ;tiion « more building Rank deposits doubled last
new banks opened The fastest growing and the most pros-
porous City in America.
NOW the time to make big money in oil here The wild boora
Th nil industr>' Is now on a solid, sensible and substantial
basis here. ri___
end for our papf the H'ori Worth Oil Reporter— FRc .
R> .id the lat - i iifws up-todat'- authentic, dependable.
tit f;i( about th * great Texas-Louisiana oil ftelda.
' on want to make money—watch our paper for opportunities!
IT'S FREE—use the coupon BELOW—MAIL IT TODAVI
FOTtT WORTH Oil. REPORTER, Suite !42
fort Wore*, Tmm
n,. ) ii 11 he Port Worth Oil Reporter FR1S.
Here’s what’s next.
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Bisbee, Sumner T. Western Oil Derrick (Oklahoma City, Okla.), Vol. 3, No. 17, Ed. 1 Saturday, April 24, 1920, newspaper, April 24, 1920; Oklahoma City, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc152233/m1/3/: accessed October 22, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.