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Waterloo Group Eyes Texas Fields In Practical Oil Venture
The Black Hawk Oil Company of Waterloo and John F. Simpson plan Texas drilling in Baylor County near Burkburnett. The venture sinks wells for leaseholders with fixed fees, buys acreage with a $60 000 capital, and aims to expand as new wells yield profits. Production in Texas reaches about 205 000 barrels daily, with Burkburnett area driving growth and lease trading rising sharply.
MENTIONED IN THIS ARTICLE
Texas
California
John Vancleave
Wichita Falls
Young Vandleave
Waterloo
Lone Star
Black Hawk Oil Company
John F. Simpson
Baylor County
Burkburnett
H. C. Sample
Waterloo Water Company
Sample
Simpson
Northwest
United States
Exas
Gulf Coast
Paul C. Miller
Walker Museum
University of Chicago
Miller
America
Wronting
Red River
Vernon
Tex