This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 24, 1920
Page
5
The Tex-Ohio Syndicate Elyria promotes profit from oil by guiding investments through proven territory. Money placed with them funds first well costs and is held in Elyria banks under drilling contracts. Investments start at $100, promising repayment per their judgment.
The note claims space for at least 10 producing wells on a 100 acre lease with a nominal 500 barrels daily per well totaling 5 000 barrels daily. It cites The Oil Weekly reporting Gulf Refining Co Stoker Well No 1 at 10 000 barrels daily within eight miles, and questions other oil land availability in Stephens County.
An offer of 400 percent profit is touted for selling a 100 acre tract, 12 miles NW of Breckenridge in the heart of a major oil belt. Gulf Refining Co adjoining land reportedly produced 12 wells in eight months with a yearly net return of about 7.88 million dollars across 12 wells, averaging 650 thousand per well, implying room for at least 10 more wells.
The document notes Stephens County Texas hosts a 100 acre lease. It states it is the largest producing oil county in the continent according to a governmental report. It mentions large, nationally known oil companies hold adjoining interests producing from three to ten thousand barrels daily.
Daily reports claim new wells go into production almost daily boosting land value. Government statistics show 97 percent of Stephens County drilling operations are real producers. The county contains 85 percent of the largest producing wells among all oil fields.
In the Ranger District located between Burkburnett and Caddo Fields, proven oil returns are treated as mythical until a fortunate acquaintance becomes an investor.
Officers of the Tex-Ohio Syndicate based in Elyria Ohio are listed with titles and brief bios. W Miller as president brings lifetime oil production experience in West Virginia and other fields. J L Kincaid D D S Elyria vice president Christian Beavor Elyria Ohio George Beavor Elyria Ohio vice president Arthur Hutt Elyria Ohio treasurer and trustee W Gubb Cleveland Ohio secretary with brokerage and oil experience.
Directors include A. J. Robson of Park Dairy Elyria a progressive local businessman Mose Wilder a tobacco dealer and Lorain County Savings director Edward A Whiteamire an oil and farming interests owner Jacob Dock formerly Amherst Stone Quarries manager now in Amherst restaurant business.
The Lorain County Savings and peat Co. and The Elyria portion Banking Co. named as depositories reflecting official trust in holding public funds. No further details provided.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.