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Newspaper
Clifton Record
Location
Clifton, Texas, United States of America
Date
Sep 19, 1919
Page
7
A prospectus touts a sure production path in the Desdemona field with two wells near the Comanche Home Oil Co. No. 1 and the Mary Elizabeth 1600 barrel well, plus New Mexico acreage offering a thousand for one. The text claims no risk and potential large profits for stockholders and shareholders.
Five acre tracts near the Comanche Home Oil Company well on the A C Brown farm in Desdemona field are described as proven territory. An additional five acres lie within 800 feet of the same well. The Dawson Railroad area in northeastern New Mexico is cited for Lease No 10 000 acres as drilling begins on the first Duke field location with eight thousand shares available at one dollar each and potential price increases.
The document outlines a ten thousand acre lease in San Miguel County New Mexico adjacent to the Dawson Railway. It cites expert geologists and a plan to drill a deep test by November, with claims of a promising structure likely to yield America's next large oil field.
An investor pitch touts safety and high profits from two proven Texas wells and a 10,000 acre New Mexico tract. It promises stockholders “no chance of losing money” and the potential for a pioneering, world class oil field with large wells and immense future profits.
The Comanche Home Oil Company No 2 guarantees to drill three wells on five acre leases near the Desdemona field and near the Mary Elizabeth well with production figures of 1200 and 1600 barrels per day. Profits will fund dividends to stockholders every ninety days and reinvestment in acreage and drilling. Field manager E T DeArman leads experienced drillers. new equipment orders show intent to develop New Mexico acreage and nearby Stephens County Texas prospects.
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