The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-03
TEXAS OIL news.
A Grand Aggrogation-second
Largest In xas-StOck-
holders Largely in the
Northwest, IS

Inc New York Commercial, very con-
servative and reliable financial and COM
mefc1al newspaper, issued special oil
EDITION last week. in which Texas oil oc-
cupied tie position OF honor on the first
page with seven other full pages afford
ing mastery presentation of the facts
The review includes a short sketch
about the early history of oil, .hnd a sum-
mary touching its extent as an article of
commerce, from which it appears that
there have been produced from 1859 to 1902
1orty-seven billions, 491 millions, $50
thousand gallons of oil. The value Of the
oil exported is given as close to two bill
lions OF dollars. But all the earlier history
or OIL dWarfs into insisnificarce when the
recent TEXAS production is considered At
no point in the world has there been so
great development in SO short time
as about Spindle Top Heights since tie
strike of oil in the Lucas gusher
throughout the Northwest are several
Thousand shareholders in Texas oil COM
panies, who have bought stock upon the
representa- ions made, in many cases by
men who had been on the ground and
spoke from actual knowledge. Several of
those companies are among group which
has become known as the "Brice COM
panies' by reason of the fact that w. E.
Brlce, of Mason City. Iowa, is general
manager of each of the companies and the
guiding spirit of the enterprise
Home Oil Co. Of Beaumont, the Saratoga,
the Texas Standard, the Diamond Crude,
the Texas Geyser. the Texas Fuel, the
Eastern Texas Oil and Development, the
Omaha Texas. the Sun Oil Refining and
the Texas Petroleum & Refining Co. AS
viii be noted. this is the last Of the ten
Br1ce companies, completing the group
which together will own and control the
following:
10 "Gushers'' on Spindle Top, in blocks
30, 36 and ISLAND owned in fee simple.
II acres of land just off Spindle Top.
80 acres of land near Port Arthur.
10000 acres of land under perpetual
lease.
3 private switch tracks.
10-inch pip lines from wells to tanks.
p settling tanks, capacity $4,000 bar
rels- of OIL
I steel storage tanks, capacity $4,000
barrels OF oil.
2 powerful pumping stations.
1900 barrels of clean. pure oil above
ground.
500 tank cars best modern construction
$4,000 gallons).
Is miles of pipe line, Spindle Top to the
gulf.
g. tank-car capacity loading rack.
1 ocean steamer loading rig, Of largest
capacity.
Also electric light plants, tool houses,
boiler and engine houses. dock privileges
on tide water. drilling rigs, etc.
1t is really remarkable how cloOely the
grand review of Texas oil as Written by
the New York Commercial correspondent
follows the lines laid doEa in the printed
matter of the Texas Petroleum and Rein
ing Co., sent out from it's Offices in the
Northwestern Bldg. Minneapolis c. w.
RaLson, of Albert Lea, secretary of this
last of the Brice companies, is in charge
of the business in this city. He has been
over the ground in Texas and has in
vested largely in the stock of this and
other Brice companies.
If you are interested, call or write.
TEXAS PETROLEUM & REFINING
co., ........- 49,
502 Northwestern Building.