looming oil shortage spurs vast government surveys
The U S Bureau of Mines along with Navy and War departments conduct exhaustive surveys amid reports of rising demand and a growing gap between consumption and production in both crude and refined petroleum. Despite alarm, financial interests stress sustained high prices and ample capital for oil development nationwide.
MENTIONED IN THIS ARTICLE
U. S. Bureau of Mines
Bureau of Mines
Navy
War Departments
United States
Right Man for the Job in Texas Oil and Gas
Major George C. Butte is named to lead the Railroad Commission oil and gas division after a legislative reform. His fair, decisive rulings have earned broad support from oil and gas producers across the state, including those who lost in hearings. The operators approve the reorganization and his leadership.
MENTIONED IN THIS ARTICLE
George C. Butte
Railroad Commission
Major Butte
Texas
Virginia Company to Erect Fort Worth Skyscraper
Virginia Company, Inc. plans a Fort Worth office skyscraper and will begin soon. Judge Carney and Judge Warner affirm Texas roots and head office stay in Fort Worth as the firm expands. The Thorpe No. 1 oil well in Gunsight reached deeper sand after initial 1,926 feet. multiple derricks rise in Breckenridge and Lakeview fields with strong production from Lakeview No. 1 at July 7 and 2,400 barrels daily. The Caldwell luse and Sebastian No. 1 wells progress, with Thorpe No. 1 due by August 10.
MENTIONED IN THIS ARTICLE
Virginia Company, Inc
Fort Worth
Thorpe No. 1
Gunsight
Ajax
Bagpett
Watson
Sammies
Thorpe
Vhroa
Breckenridge Field
Lakeview Tract
Lakeview No. 1
Breckenridge
Texanna's Twelve Wells Fast Grow Texanna Cash Flow
Texanna Production Company reports twelve wells producing oil with eight more drilling and twenty six locations planned. Dodson No 2 near Burkburnett shows strong pressure and 8,000,000 cubic feet capacity, supporting belief of a new gas field. Walker No 1 near Breckenridge will be shot to boost output. Nos 2 and 3 are drilling and expected online in about thirty days. The company earned about $40,000 monthly from active wells.
MENTIONED IN THIS ARTICLE
Texanna
Dodson No. 2
Burkburnett
Toxanna Company
Walker
Dodson
Sipe Springs
Texas oil: Wells from the late nineties called gushers
The article notes wells completed in the late 1890s and early 1900s that produced large flows, with some gushing oil meters rising into derricks. A 200 barrel daily well was reported in this field, highlighting historic high output.
Gordon Leaves for Northwest States on extensive trip
R D Gordon senior partner of Gordon & Company Jenge brokers of Fort Worth departed last night for a long tour through the Northwest visiting Denver Boise Seattle Spokane Portland and western Canada towns. He notes new San Antonio offices under John M Bell and Fort Worth offices will close for summer then reopen in a building under construction. Gordon & Company are a leading Texas lease broker with thousands of acres in South Texas and focus on small tracts across forty five counties.
MENTIONED IN THIS ARTICLE
R. D. Gordon
Gordon & Company
Jenge Brokers of
Fort Worth
Northwest
Denver
Colo
Boise
Idaho
Seattle
Spokane
Portland
Canada
Texas
Test of Lower Sands Planned in Fremont County Wyoming
Special to Texas Oil Ledger Denver July 16. Producers & Refiners Corporation moves to test lower sands at Sand Draw field Fremont County. Drillers have met high pressure gas in the first Wall Creek sand, hindering deeper sand testing. Management says the problem is solved and drilling will start soon with a 22 inch hole and 10 inch casing atop the first Wall Creek sand between 2 500 and 2 000 feet.
MENTIONED IN THIS ARTICLE
Denver
Colo
Producers & Refiners Corporation
Fremont County
Wyoming
Carter Oil Company
Wall Creek
The
Markets Outlook From The Exchange And Board Of Trade
The Market Magazine notes that party platforms and candidates are favorable to long buys. Eastern money conditions drive prices, with stocks near a low level expected to rally soon. Oil shortages point to higher crude prices as major pipelines draw on Texas reserves. Gasoline demand exceeded production in early 1920, per U S Bureau of Mines data.
MENTIONED IN THIS ARTICLE
By of Exchange and Board of Trade
Magazine of
Wall Street
Texas
U. S. Bureau of Mines
Gulf American Oil and Refining Co Offering Stock
Cent a share with four producing wells and 1000 shares at 10 dollars or 10000 shares at 100 dollars. All cash or 44 cash with balance in five equal monthly payments. Fully paid non-assessable. Dividend on January 1, 1021. Honest management promises production and dividends from Fort Worth Texas address 21444 Main St.
MENTIONED IN THIS ARTICLE
Gulf American Oil & Refining CO
Main Bt
Fort Worth
Texaa
Breckenridge Oil Fields See Several High Volume Wells
The RANGEX DISTRICT reports strong production with multiple wells flowing 300 to 1,000 barrels daily. Key finds include the Strawn sand at 2,406 feet on the R.L. Buchanan tract near Breckenridge, with a 600 barrel daily rate. Other notable outputs: Snowden & McSweeney Sylvanus No 2 at 1,000 barrels, Baggett No 2 near Leeray at 600 barrels, and Higginbotham No 4 near Breckenridge reported as a potential gusher at 3,500 barrels daily. Several tracts show pay at Strawn depth and ongoing pipe line runs.
MENTIONED IN THIS ARTICLE
No. 18
Stephens
Stephens County
R.L. Buchanan
Breckenridge
Gulf Company
Necessity
Caddo
Strawn
Humble Oil & Refining Company
Dickey
Fensland Oil Company
Walker
Oklahoma Petroleum & Refining Company
Cooper-Henderson
Martin
Hercules Petroleum Company Baggett No. 1
Higginbotham No. 4
Snowden & McSweeney
Arkansas Oil Development Co Offers Oil Leases
Arkasas Oil Development Company organized in Fort Worth to market oil leases ahead of drilling. The firm holds about 105000 acres in Arkansas with M Wainright of Jackson Miss as vice president and GM. Drilling by Louisiana Oil & Refining Co and others is underway amid a vein of coal 18 to 24 inches thick found on the tract. General office remains in Fort Worth.
MENTIONED IN THIS ARTICLE
Arkasas
Arkansas Oil & Development Company
Arkansas
M. ©. Wainright
Jackson
Miss
Fort Worth
Louisiana Oil & Refining Company
Also Mentioned on This Page
Texas Oil’ Ledger As
1 Ledger T Company, Incorporated
Engell
Kf. Skelton
W. Bradley Alley
Sronee
Ayeeeseene
Treasuree
Dallas
San Antonio
Exchange Place
Central Trust
Crockett
Judge Turner
Bradley Company
Fort Worth Investment Co
Texas Oil
Gordon
Northwest States
Fremont CO
Wyo
Texas Oil Ledger
BEN O. Smith & Son Petroleum Securities
Bradley
Bull Bayo OE Coopers
Bankers & Merchants
Beaver Valley
Childers Roberts
Congressional
Federal Oi & Res
General Oi
Galloway
Okla
Jaggers-Wallace
King Midas
Manhattan-Texas
Ranger Rock Yaland
Ranger Brooks
Ranger Circo
Swensondale Saep
Arizona
Eeeetee GO 'Toxas Eagle O, & Th
Vexas Motors
Texas Amalgamated
Texas United
Walker Caldwell
Walker Consolidated
BEN .C. Smith & Son
NT OF
Standard Blue Print, Map& Eng. CO
Main ST
Tex
Louisiana
New Mexico
Rangex
Sor
Aetna Petroleum
Corporation
Aetna Petroleum Corpora
Tion
Pleasant Grove
Eastland County
Ranger
Aetna Petroleum Corporation
AETNA
Stonewall County
Southwest
Southwestern Life Building
Dallas, Texas
Europe
Chas. Franks Company, Inc
Broadway
New York City
Arkansas:oil&., Development. CO
Terry Investment CO
Main Street
GATES
Service P. O
Pick Drafting CO
Quincy
Unita
Liberal Commission
Hve
Investgat
United Brokerage Company
Market St
Shreveport
Brewster County
Wilson
Henlo Land Company
Bedell
Westchester
Dallas, ‘Texas
P. O. Box
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