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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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