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Oil business risk note prompts four-well drill plan
A vintage prospectus claims higher failure rates in farming merchandising fry manufacturing and banking than oil. It outlines an assignment of interest for a $150,000 capitalization with $100 per interest, $85,000 to drill the first well, and production from the $65,000 retained interest to fund subsequent wells. No production is retained for ongoing development or maintenance.
MENTIONED IN THIS ARTICLE
Eliasville
Breckenridge Field
Breckenridge
Gonzalas
YM. C. A