The news scimitar., September 24, 1919, 4th Edition, Page PAGE FIFTEEN, Image 15

About The news scimitar. (Memphis, Tenn.) 1907-1926

Image provided by: University of Tennessee

                
"CDNESDAY, SEPTEMBER (4, 1SH.
THE NEWS SCIMITAR.
page fifthe:-.
I tMCM IPiMfflM ciffANfl;-
A company that will pay the traveling expenses of any prospective purchaser of stock w ho desires to go and examine the properties of the
; company, provided he does not find the properties as good as represented.
However, if properties are as good as represented said prospective purchaser will bind himself to purchase the amount of stock previously agreed upon and
' , r to stand all of his own expense for the examination of the properties. ' C
Holdings of
the Company
mmmmmmmmmmmmn 1111111 iiiiiiiwiiimm
Eighty Acres in the Great Ranger Field
-
This field has widened, spread and extended until it now takes in an
immense productive territory extending for many miles in almost every direc
tion. STEPHENS COIJNTY, part of the Ranger field, is the largest and best
territory developed In Texas. , f
THE COMPANY OWNS EIGHTY ACRES, less a one-fourth undivided in
terest in STEPHENS COUNTY. It is the J. M. White farm, which Joins and
offsets the THORPE FARMt on which the Sammies Oil Company recently
brought in a well at a depth of 1,725 feet which the company reported flowed
1,400 barrels of oil per day. Thia well was drilled only two feet in the sand,
aild should, when drilled deeper, show from 3,000 to 5,000 barrels per day.
tiood wells are found In every direction from this property, and it is a safe
bet that a strong flow of oil will be found in the 1,725-foot sand and also in
the deeper sand which should be found at about 3,400 feet.
WE HAVE MATERIAL FOR A DERRICK on the ground and a well on
this property will be begun at once.
Eighty-Two Acres in the Desdemona Field
STRONGLY COMPETING with the Ranger field is the important field
developed in and around the town of DESDEMONA, in Comanche, Erath and
Eastland counties. ., ,
The Tex-O-Kan Petroleum Company owns a lease on Forty-nine Acres
on the line between Erath and Comanche counties, about three miles south and
slightly east of DESDEMONA, the land being a part of the Robinson survey.
Immediately north of this property about one mile the Comanche Northern
- Company brought in a well which was drilled eighteen inches in the sand at
a depth of about 2,600 feet. This well is producing 3,000 barrels per day. It
is believed that when drilled to a greater depth In the sand It will flow not
less than 6,000 barrels of oil per day.
The Company owns a lease on thirty-three acres off of the north side of
tb.9, J. M. Watson farm, lying west and a little south of Desdemona, and I
more nearly developed than any other property owned by the Company.
:Tje, THIRTY-THREE ACRES is one-half mile In length. A large num
ber of wells can be drilled on this property, protecting its own and draining
adjoining territory.
, THE FAMOUS WELLS on the Vought farm, lying about one and one
fourth miles north and east of this property, drilled in by the Southland Oil
Company and the Sterling Oil and Gas Company, are both estimated at 6,000
barrels per day, and other large wells to the north. The Comanche Gusher,
on the Echols farm, lying to the east; the Kan-Tex well to the ffouth Is drilled
; into the sand and is reported showing for a large well and is waiting for tanks
" and pipe lines. Wells completely surround our THIRTY-THREE acres.
THE ABOVE THREE TRACTS, MAKING ONE HUNDRED AND SIXTY
TWO ACRES IN PROVEN TERRITORY WERE SECURED BY THIS COM
PANY AFTER THE CHARTER WAS GRANTED BY' THE SECRETARY OF
STATE. , (
In Addition To the Above This Company Has
5,p09 acres of leases in Caldwell County, Texas. While this territory is
not fully proven,' wells were drilled years ago on what is believed to be the
outer edges: of a well-defined structure, and these wells are today and have
. been for a. number, of years standing filled with oil. , It is of good Quality,
showing 36 gravity test and paraf fine base. , ' i ,
Now Drilling On This Property
THE TEX-O-KAN PETROLEUM COMPANY 1s now drilling a well at the
highest point, or apex, of this structure, and is confident that it will find oil.
Oil sands in this territory are reached at about 650 feet, about 1,300 feet and
about 1,650 feet. The geologists says the big sand will be found at about 2,400
. feet. .. ' '' ... , " . .
2,529 Acres in Wilson County, Kansas
THIS IS IN THE HEART OF A GREAT oil and gas field already devel
oped. This is iu what is known as shallow production, The property is sur
rounded by paying, producing oil and gas wells. The first gas sand In this
territory is found at 825 feet; the second gas sand at 635 feet. These sands
have been very prolific of gas and profitable producers at these depths. The
oil sands are found at about 730 feet and 900 feet. The Initial production
in oil ranges from 10 to 250 barrels per day in this territory..
The Tex-O-Kan Petroleum Company's property ln Wilson County, Kan
sas, is provcri oh all sides. On its own leased acreage not les than 500 wells
can be drilled. If each well ahoilld produce the low average of five barrels
of oil per day, this would give a total production of 2,500 barrels of oil per
day, which would produce a dally income of $5,625.00 per day, or $2,053,
,1 25.00 per year, with oil at the present price. ; ' 1
Possibilities of a Well
Managed Big Company
It is safe to assert that no other industry in the
world today offers such great possibilities of profits as
the business of producing oil. The investing public is
turning almost solidly to oil securities and are reaping
rich and almost undreamed of profits.
Ail essential ingredient of success, and, in fact,
one of its prerequisites is capable business manage
ment. . v . i i
Luck may be a factor, but Pluck, Brains, Expe
rience and Honesty will surely Win.
The Tex-O-Kan Petroleum Company has at its
head an experienced and capable oil man. Its officers
and directors were selected for their well known abil
ity and high character.
Its properties are so favorably located, so closely
surrounded with successful development, so alluring
in their promise of great profits that we offer the stock
of this company at $50.00 per share, feeling confident
that the stockholder will have dividend paying invest
ment within a short time.
Those who have organized this company expect
to develop it into a great, permanent, successful busi
ness. If. only the smallest of its tracts in the Desde
mona and Ranger fields should turn out to. be pro
ducers it should be worth several million dollars.
The possibility of profits on all of this vast acreage
is too great for computation.
THENORWOOD AND THE PERKINS WELLS
LIE SOUTH AND EAST OF OUR EIGHTY ACRES
IN STEPHENS COUNTY.
THE NORWOOD WELL HAD AN initial pro
duction of oil reported at better than 10,000 barrels per
day. The financial statement showed that it produced
and delivered into the pipe lines over $1,787,000.00
worth of oil in about the first four months.
THE FAMOUS PERKINS WELL, drilled by Huff,
Root & Duff, lying between the Norwood well and
our EIGHTY ACRES, produced over 10,000 barrels
of oil per day.
' IN THE RANGER AND DESDEMONA and
STEPHENS COUNTY fields SCORES of wells are
now producing from 500 to 2,000 barrels of oil per day.
BUY NOW. BUY TODAY. TOMORROW
MAY BE TOO LATE.
I
Holdings of
the Company
In the Gulf Coast Oil Fields of Texas
EIGHTEEN THOUSAND acres of leases in Matagorda. Fort Bend and
Wharlon counties, Texas, surrounded by the Gulf Coast Fields, In which the
tompany owns a one-half working interest. This property is in the GULF
COAST OIL FIELD, surrounded by the WEST COLUMBIA field on the south
and east, DAMON'S MOUND field on the northeast, the MARKHAM field on
the west and the BIO HILL field on the south.
The territory covered by these leases has been passed ou by many able
geologists and is rated by them as very promising oil territory, as it is by
the large companies operating in this field.
A DERRICK HAS BEEN completed on the Mayfietd farm in this terri
tory by this Company. Drilling to begin in the near future.
Wells in this territory have come in at 23,000 to 30,000 barrels per day.
Should this Company develop producing wells on its large acreage the value
of its holdings would be worth many MILLIONS OF DOLLARS.
ONE LEASE, COMPRISING ONE HUNDRED AND' TWENTY-EIGHT
ACRES, lies In the heart of the BIG HILL field. This lease has derricks and
producing fields all around It.
Readhis Carefully
The Tex-O-Kan Petroleum Company controls leases on over TWENTY
FIVE THOUSAND ACRES OF LAND IN PROVEN FIELDS.
No other company perhaps yo,t organized to do business in the Texas field
offers so many choice properties. ; '
TO BET ON THE OUTCOME OF A SINGLE HOLE IN A SMALL, COM
PANY IS A VIOLENT GAMBLE. TO INVEST MONEY IN A LARCH OIL
COMPANY THAT IS ABLE TO DRILL A NUMBER OF WELLS IS A SOUND
BUS1NBSS PROPOSITION.
THE LARGE AND CHOICE HOLDINGS of this Company are so distrib
uted as to assure the Stockholders the success that can hardly fail to come
where the law of averages is permitted to have play. The Stockholder's risk
will rest on MANY LARGE. CHOICE, WELL-SELECTED OIL-BEARING
PROPERTIES, thereby enhancing bis chances to win large returns.
IT IS THE INTKNTION of the Management of this Company to continue
to increase its holdings and production at all times it can make safe and buio
investments for Its Stockholders,
)
Owns Own Drilling Rigs "
The Company now owns throe drilling rigs and expects to purchase oth
ers, and to make profits by contract work and drilling for Interosts with these
tools as well as drilling tor themselves.
Finances and Management
A Board of Directors consisting of seven members will control theibusi
ness policies and direct the finances of the Company.
H. E. Wilcox, a citizen of Kansas and an oil operator of twenty-five years'
experience, is President of the Company.
Hon. Ben F. Iooney, of Greenville, Texas, Is First Vice-President and
member of the Board of Dlrectcrs. Oen. Looney Is widely and favorably
known as a cltlien, lawyer, and officially as Attorney-General of the State of
Texas for a period of six years, which ended January 1st, 1919.
J. M. Edwards la a prominent ranchman of Runnels County, who resides
in Austin, and has been State Treasurer for a period altogether of seven years.
H. J. Stockman, of Chanute, Kansas, is another director who is practical
and experienced in almost every plinss of oil production. He Is active both as
operator and contractor In the Texas field.
J. E. McDowell, of Lockhart, Texas, a member of the Flowers-McDowell
Abstract Company, ia Director. Secretary-Treasurer of the Company. He Is
an expert office man of high standing in his community.
Two other directors have been chOHen by the Directors to fill unexpired
terms and will bo duly elected at the next meeting of the Board. Both of
theae Directors are citizens of Tennessee. They are mon of high character
and standing and well known throughout the State
John W. Pnmnhrey, member of the firm of Balloy, Ball & Pumphrey,
prominent Cotton Factors of Memphis, Tennessee. Is largoly interested in the
Company as a Stockholder, and Is one of the Company's Directors.
Hon, John 8. Icnton, of Franklin, Tennessee, has been widely and favor
ably known throughout the State, both as a business man and public official,'
for many years. He nerved the State with marked ability and buccoss as Presi
dent of the Tennessee Board of Control.
No Big Salaries Paid to Officers
All of the officer of this Company have put tholr own money into the
Company and are working to make It a success. No officer In this Company
will draw any salary until the Company is on a dividend-paying basis, except
the Secretary-Treasurer, who is paid $2,400.00 per yeur in cash and $1,200.00
per year In stock of the Company at par value. Ho devotes all of bis time
and attention tq the business of the Company.
THE CAPITAL STOCK OF THIS COMPANY IS ONE MILLION DOLLARS, BUT ONLY $200,000.00 OF IT WILL BE OFFERED THE PUBLIC
AT THIS PRICE. ALL STOCK $50.00 A SHARE, FULLY PAID AND NONASSESSABLE.
STOCK MAY BE OVERSUBSCRIBED ANY DAY. INVEST NOW BEFORE THE STOCK AD
VANCES OR IS TAKEN OFF OF THE MARKET.
Sign the subscription blank for the number of shares of stock you desire and send in your check with your
rpivfH in whirh rasp vnnr rh&rb xJ11 Ko
Uta
A FEW LIVE REPRteENTATIVES WANTED.
) i -if ' TF,S A PPT TP A TTfiM Tfl TFV A 1TAXT DOTDnr l?TTTlf v n... it n urn .
:mwuii&am a mvniiu xj AUiv-v-ivnm i liivviiJDuiu w.. vare II. Fj. wiicox. emDorarv head-
!fabody Hotel, Memphis, Tenn. Main Office, 503 South Main St., Fort Worth, Texas.
all drafts, checks and money orders must be made payable to tex.
o.kan petroleum company. if all stock offered is sold when your
application is receive d your check will be promptly returned.
mail This coupon today.
I htrcby tnik. application for shur.s of lh Capital Stock of th T.x-O-Kan
Petrol.um Company, par value $50.00 per share. Enclosed herewith find draft, check or money
order for the aum of t In full payment for etock. Stock to be leaued to mo and
malltd to the addreaa below:
Name , ., ...
Street or Box
City