North Texas oil prospects offer 400 acres near Burkburnett fields
The prospect describes 400 acres in section 47 and 48, block 13 on a divide with Electra Burkburnett drainage to Wichita and Red Rivers. Geologists Wyatt and Bray identify a large, well defined oil structure with 6 to 15 degree closures. Investment emphasizes rail access, no promoter bonuses, $160000 capital, two wells in place, and potential lands worth millions if producing.