Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1912-12-12
ENGLISH SYNDICATE BUYS M
MENSE OH HOLDINGS IN
OKLAHOMA.
PRICE PAID Sl,5OO.OOO
Archibald Campbell Engineered Deal
That Involves Daily Production
of $500 Barrels.
CBN ". L. PIICK)

That production In tho oklahoma
OH fled is in strong demand is eN-
dcncod by the latest and in some re-
spects the m,gcst purchase of oil
property which has been consumatcd
In % long time There have been other
sales of equal magnitude, but mono
where the production covered SO largo
an area of territory and Is so evenly
divided between nearly all the differ
eut districts In the field.
1t IS English syndicate this time also
who are the purchasers and the prop
orty taken over has been developed
by many Of the oldest, most consera-
tive operators in the business. Tho
price paid Is nearly five hundred
dollars per barrel daily average net
production, which is the largest prico
ever paid for STUFF farther west than
the Illinois field, although in Illinois
it is said an even thousand dollars per
barrel has recently been the ruling
figure.
Archibald Campbell. who has nego-
tlated this sale and via profit greatly
thereby, deserves great credit for his
ability in carrying the deal to sue
ccssful conclusion. Mr. Campbell has
been engaged in the undertaking for
several months, finally putting over
this largo deal without letting 1t b5
known to any one that the deal was
near the closing state. II Is CUSTOM
g., az N
property these days from prospective
buyers across the water, but it has
remained for Mr. Campbell to follow
this large and difficult financial un-
deruking to u successful Issue. His
friends al, congratulate him,
In this deal is included many Of the
best known properties n. the state, as
the following list will readily show;
The Devonian people have disposed of
much acreage, 95S acres in all, with
81 wells and 2i7 barrels The Hecla
oil Co., which Is a SUBSIDIARY Of the
Deyonian co.. has sold 200 acres with
II wells and 1853 barrels, in which Is
included the interests OF w. c. Elliott
and perhaps others The Advance OIL
CO., another subsidiary, is disposng Of
$50 acres, with II wells and 12O bar
rcls.
The Savoy OF CO., in which the De-
yonian people also have an interest,
Is selling 600 acres with 55 wells and
$50 barrels The Helena OIL Co. Is
selling 40 acres with 6 wells and 12S
barrels The Abnex oil & Gas Co, |
owned by Messrs. Hirst, Braden and
Joe Evans, is disposlng Of l60 acres
with 8 wells and 70 barrels The Kerr
oil co. disposes Of 73O acres, SO
wells and rs barrels. The Pine Creek |
oil CO., owned by Messrs. Rebold and |
Newman. are selling tGO acres with II |
wells and 627 barrels.
a. y. Morton is disposing OF $50
acres with II wells and G96 barrels
ton property, is disposing Of 400 acres
with wells and co barrels. Keller |
Morton and Yokum put I'm the deal |
so acres with wells and SO barrels |
making a total Of about $500 barrels |
and the price aggregates a million and |
a half dollars,
Best Of ALL It Is quick deal with |
enough money already paid to in
sure final delivery and the entire .
transaction IS TO be closed by the 18TH .
of aJnuary. much quicker than deals
OF this magnitude are usually made .
with foreign people. The purchasers .
are a syndicate of foreign bankers, |
and It Is a common belief among OPP
orators that this property will finally
be merged with the large acreage
recently taken over by the people who
do business here under the cOgnomcn
Of the RoXanna OIL Co.
All the property included in this
sale belongs to people who will con-
tlnue in the business and who have
as a rule much acreage i'm addition
with which to continue operations
That this property has not gone TO the
pipe lines Is accounted for by the fact
that they have not used their usual
foresight and have let this good pro-
duction get away from tD'Sn and en-
ter tho hands OF forelgiters because 7
Of the low prices they have offered
heretofore both for oil and the pro-
duction and acreage.
Foreign investments in Oklahoma .
production have of late years been
remuncrative to the pur-
as there has been less trick j
cry I'm the sale, with more equitable
prices than I'm other oil producing
states. The new owners will receive ]
4 warm welcome and the World ex- !
ends best wishes and many happy re- ]
urns in the way Of dividends and cs-
)eclally congratulates Mr. Campbell on
MS good fortune.
"Jamcs Otis" is Dead. q