Oil drilling advances in Texas coastal fields promise more production
In 1919 and 1920 independent Texas oil firms push expansions. Triangle lease No. 2 well and Burk equipment progress. Block 63 wells No. 1 and No. 2 drill underway with casing set. Ranger tests at 170 feet. Lightfoot well 1 at 700 feet. Hawk tract rig active. Mitchell County deep test temporarily shut. Projected output suggests thirty wells developing.
MENTIONED IN THIS ARTICLE
Campair
Burkburnett
Burnett
Bosque County
Cogdell
Hood County
Texas
Rangefield
Mitchell
Triangle Lease
Burkthree
Ranger
Hawk
Mitchell County
Trent
Texas Crude Holdings Expand Across Proven Texas Fields
A fragmented report details Texas Crude in multiple counties with numerous wells and acres under development. It notes assets, liabilities, stock outstanding, and profits losses while highlighting substantial activity in Hood Harris Wichita Eastland Hardin Milam Mitchell Bosque Brown Cowan Matagorda counties and ongoing drilling programs.
Great Company Setting the Pace
A Texas Crude Oil Company leads the state oil boom by exploiting 50 000 acres and rapidly paying dividends. With two million dollars capitalization this independent giant outstrips small rivals, becoming a pace-maker among Texas oil industry combines and a leader in new production.
MENTIONED IN THIS ARTICLE
A&t
Texas
Texas Crude Ol Company
Texas Oilieeds
Big Dividends Expected From TPSS CRUDE Wells
TPSS CRUDE has paid two dividends at 126 percent annually and expects more. Early results from nine wells justify optimism for substantial future payouts. Lightfoot Sue and Hawk at Ranger and Burkburnett holdings could boost returns to 1200 percent. Stock, $20, may rise to $5 soon and $10 by fall.
MENTIONED IN THIS ARTICLE
TPSS
Lightfoot
Sue and
Hawk
Ranger
Burkburnett Field
Burkburnett
33 Additional Wells Probable 33 Additional Wells Probable TAS
MITCHPLE, general manager of the Te da Crude Company, states that dividends depend on proven lands and not on new drilling. He notes the Goose Creek area yields large oil quantities and outlines a plan to drill about 33 additional wells on proven and semi proven holdings this year.
MENTIONED IN THIS ARTICLE
Mitchple
Teda
Goose Creek
Law of Average Assures Victory Vv
A discussion on drilling in small tracts shows most com panies fail while a few, like Texas Crude, with strong capital, secure profits. The author argues the law of averages guarantees paying production for adequately funded firms even when many wells are dry.
MENTIONED IN THIS ARTICLE
Sisi
Texas
Texas Crude and Partners Drive Big Oil Bets
Amazing Records of Our Neighbors reviews bold bets in oil. It highlights Texas Crude’s proximity to Humble, Goose Creek, and other majors, noting $100,000,000 stock values, $25,090,000 dividends, and $60,000 per share current worth. It mentions Harry Sinclair’s sales, Carter Oil’s stake purchase, and firms like Sun, Gulf Production, and Producers Oil as field players driving profits.
MENTIONED IN THIS ARTICLE
Pibst
Texas Wiemid Lyers
Apony
Texas
Texas Crude
I Jopee Neck
KCOND
Harry Sinclair
Sinclair OF Company
Sinclair
Goose Creek
Carter Oil Company
Humble
Sun Company
Gulf Production Company
Producers Oil Company
Million P.yera
Texas Crude's Remarkable Advancement In Oil Fields
Big Company record shows Texas Crude achieving substantial profits through skillful management and diverse, well financed drilling. From twenty four wells producing or under way, with thirty three planned, ten producing, one gas well, and seven more expected. company equipment and crew capacity support large dividends to stockholders as shares rise toward high market value. General Manager Mitchell reports five million dollars in assets, exceeding double the capitalization.
MENTIONED IN THIS ARTICLE
Texas Oir
Texas
Mitchell
Also Mentioned on This Page
New Wells
Chude's
Prove Fells
Res Sampanos
Vas Mae
Wrens Owl
Fate Line
Drilies
Harris County
Columbia
Wichita County
Bedie Acres
Iowa
Belor
Theo Hurrowa
Bradley
Munk Weil
Perkins
Norwood
Cornelice
Harrix
Hutmble- Scott
Rickard-Tesxas
Ftoper
Cotton
Lynmeirtner
Hardin County
Textem
Milam County
Texas Crite
Brown County
Matagorda
Pratticion
Crude
A Securitiee Company
Malin St
Fort Worth ,Texas
Eta
Texas Crude Oil Co
Main Street
Fort Worth, Texas
UV Securistier Olympgeny
St. Port Worth
Texas Chude
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