Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-01-07
NEW COMPANY A
STANDARD RIVAL
DNRNsDNLL PROPERTY BUYERS
10 LAY PIPE LINE.
FURTHER ADVANCEEXPECTE
Gulf Is Getting ActlNc--Ncw Owners
Names Not knOwn-iinrnSdRlrs
Gas Project.

Snrcial t0 ihe World
ST. Louis, No. Jan. Il The oil
lands and properties deal closed last
Wednesday hy n. ) Barnsdoll with
foreign operators Is one Of the larg-
est and most significant I'm recent
years affecting some fifteen millions
of dollars worth Of property In OK
lahomo and Illinois
what It's effect win hc cannot he
foretold until the names Of the new
owners are disclosed, but II is bcliey-
ed generally new interest viii take
hold or the liarnsdall holdings and
develop them. on men from Oklaho-
ma In st. Louis today view the trans
fer of the Barnsdall holdings and de-
yelop them on men from oklahoma
IN st, Louis today view the transfer
OF the Barnsdall properties In that
state as an indication that crude oil
will take another increase IN price
Of few cents Within few weeks.
Tho new company is supposed TO bo
strong foreign competitor Of tho
Standard OH Company II will lay
new pipe lines. II Is said, one extend
ing to q CUR port and one in an cas-.
terly direction
The Gulf Refining Company con.
trolled by John W. Gates. recently
made large purchases I'm the Illinois
and oklahoma oil fields and tho
Standard OH Company has been very
active In the oklahoma section,
II the new owners OF the Barnsdall
Interests begin developing the lands
Immediately. II Is reasonable to sup
pose the gas resources frequently ara
brought In together In the same dis
trIct 10y parties drilling exclusively
for Oil In such cases the company
owning the gas right must cap tho
wells and dispose OF the gas
The Barnsdall interests, while II is
understood they have Withdrawn
from the Illinois and oklahoma oil
fields entirely. viii, so It ls said, stlll
retain their oil properties In Pepnsyl-
yaniu and California.
r n Barnsdall OF Plttsburg, Is
planning TO bring natural gas 10 St
Louis al this time, an achievement he
has contemplated for many years and
now that he has sold his oil proper.
ties to a syndiclte Of foreign capital.
lists, he viii push his favored dream
Of piping gas into this city
The news that the OH rights IN the
oklahoma and Illinois fields had been
transferred TO "A company Of French
ana English financlers was received
here Wednesday afternoon by cable.
aud was confirmed by Mr. Barnsdall
at Pittsburg, according to tclcgraphic
advces The deal was closed In Paris,
and Frank Gardner. formerly OF ST. .
Louis, IL said 90 have been the one
who brought It 10 successful close.
The names OF the capitalists who have
acquired the oil rights are not made
public, but the cablcgmm indicated
the Franco American banks cOnnec.
tion with the transaction
This deal, said Mr.. Barnsdall.
VIII not have any erect ON my plans
to supply natural gas TO 81 Louis
ana other sections IN the South ana
Southwest ON the other hand. since
It Is out Of the way I shall be able TO
devote more time TO the gas question.
The sale Just completed does not In
cludc gas rights, and we stlll have
the privilege Of developing this END
of our properties.
81 encountered certain opposition
to my st. Louis plans. but. under
different circumstances, there is no
reason why the plans once made
should not now be carried out st
Louis should have a supply Of natural
sas Just as steady, Just as powerful
and just as permanent as Pittsburg
has now"