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30 Oct 1920
Page 1
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Newspaper
Texas Oil Ledger
Location
Fort Worth, Texas, United States of America
Date
Oct 30, 1920
Page
1
The notice lists subscription rates of 94.00 per month and 280 for a single copy, indicating pricing details for reader access.
The piece discusses a Washington Times editorial urging caution with oil stock investments, noting risks of door to door sales and misstatements in ads. It contrasts bank deposits with high oil profits, stresses due diligence, and cites agency figures on failure rates across various sectors.
Officials in Wichita County threaten martial law to curb nightly hold ups and murders in the North Texas oil fields. Texas Rangers arrived to restore order as four officers were shot in two weeks, two killed. Citizens fear informants of gambler high-jackers facing revenge. calls grow for state control to quiet disorder.
Fragmentary OCR reads like a jumble of names and places including Kentucky and Texas. The legible bits reference Greeny, Keller, and Ol Corporation amid scattered terms and numbers, suggesting a clipped notice or corporate ledger fragment in a Kentucky publication.
Special to Exan Oil Ledger reports a syndicate organizing oil ventures in Breckenridge Texas. Names listed include Asti Mia Leo Lucius Fort Worth Shelby Karsad Musko and others. A 47 40 acre tract is described as part of the plan near Zam pant area, with references to the Waeen swell Co and a proposed site about eight miles distant.
Mid-Texas Petroleum Corporation, with Porter B.E. Glenn as vice president and general manager, prepares to erect a 2000 barrel refinery in Fort Worth and build filling stations in Fort Worth other Texas cities and Alabama. The firm reports daily production around 850 to 900 barrels from several fields and Oklahoma wells.
Amarillo Texas Oct 29 Henry L Neusch of Amarillo elected to advisory board of Fsicava Oil Refining Co The firm pumps 49 wells with nine more ready for pump Declares five percent quarterly dividend payable Nov 1 Plans a refinery with 1000 barrel capacity White Parker well shows oil content gas samples on display at Amarillo National Bank Bivins No 2 reports shows taa at 2440 feet Drilling 400 feet into lime near southeast edge Gas being shut off as casing pulled from Masters well
Stephens County oil data show independent firms, often labeled miscellaneous, accounting for about two thirds of local production. Louisiana-Stephens Oil Corp moves two wells toward completion near Thanksgiving, with Owens No 1 past 1,200 feet and No 3 nearing 1,000 feet. Dividend declared for November stockholders. stock price to rise to $15 on November 12.
From organization through Sept 24 1920 James C Hayes served as secretary of the Shallow Pool Oil Company of Fort Worth Texas He leaves the post with no further connection to the company wishing it success The note cites new wells acquired since Sept 24 and anticipates dividends but explains the need for a secretary who can devote full time to the business
Oil fraternity shifts focus to Seguin district where geologists map a premier structure. Texmex Oil Co reports 1,800 feet in test near Seguin with high gravity oil expected. Caving set to 1,400 feet, open hole 400 feet, completion in about 15 days. Well lies on Balcones fault between Lavernia and Prairie wells, amid Corsicana Bosque Thrall Alta Vista Mission Somerset fields. Sands on Balcones fault are long lived. Corsicana fields have produced over 20 years.
The Toyah Bell Oil Company No 24s reached 1900 feet in salt and lime in its Toyah field well. The contract remains to drill to 2500 feet if needed, with an expectation of encountering a producing sand before that depth.
Special to the Texas Oil Ledger reports about 100 shallow wells completed in Nacogdoches County during the past year. About 15 companies operate here with roughly 20 wells in drilling. The Main Oil Company brought in its first well Friday.
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