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Seattle Star in Seattle, Washington

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Seattle Star

Location

Seattle, Washington, United States of America

Date

Aug 14, 1919

Page

2

Oil Lands on Washington Coast Attracts Investors

A promotional prospectus claims oil exists in the Olympic Peninsula area near Moclips and adjacent towns. The Standard Oil Company is drilling nearby with significant spending to determine if oil is present. multiple firms plan further drilling. The offer markets oil rights, leases, and syndicate units to small investors, with maps, rigs, and Seattle salesrooms.

Standard Oil Company Moclips Standard Corrier Second Cherry Seattle

Understanding the Unit System in the Olympic Peninsula Oil Field

The Moclips Development Company explains a unit syndicate model for oil lands across the Olympic Peninsula. Investors buy $100 Units forming 320 or 640 acre aggregates with 48 to 64 members, sharing profits from all lands. A trustee manages leases for holders, certificates of ownership are transferable, and value is expected to rise as the field develops.

Olympic Peninsula Moclips Development Company State of Washington

Also Mentioned on This Page

Commonwealth Standard Oil Great Standard Oil Company Texas Oklahoma California Mexico Grays Harbor Hoquiam Aberdeen Dis Second Avenue Corner Cherry Street Bath L. C. Smith Jefferson Oil CO Wright Oilco Grays Harbor Oil Co’ Standard Olco Moclips Oil Texas Oil CO Elape Olco Raymond Oil Aroll Map CO Mount Olymey Natonal Mia
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