Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-06-24
EXPERTS SAY PEGQS
VALLEY FIELD IS
WINNER



"Afier moss thorough examinations
~ ire best seoloslsts and on ex-
pefts IA sha United States We are con-
WINGED that within q very short sime
we pill be able 70 develop one % the
moui lmporihnt Oh iielda in the Unit
"a states over la she Pecos valley OIL
New Mexico
This ~ the confident assertion ~
Mr.. n. L.. Noah, 81 Alva. oklahoma.
who a In Aibuqrerque FOR severnl
dtyH Mr. Noah n one of the officers
% me Ncah Oh 4 Gar Company,
which haa taken leases on some
ss1se aerrs of land ia the heart %
The Peeos valley oil field. He il here
% consult WIKI Robert y. GFaham.
who in also one 81 the Noah conn
panY'a oflcera
The Noah company" said Mr..
Noah this morninH, lis not D pFomo-
ton proposition. Il ~ strictly a de-
velepmont proposition along the most
conservative business lines. Ny faith
~ and myself have been engaged In
the oil business for years In Okla
homa whare our experience has been
20 wide that We feel We are qualified
20 pass Judgment on any Oh field. our
Alteration was attracted 10 the Pecoa
valley Acid largely By a chance pnr-
chase 0f land these for farming pur-
posea We did not discover the aeld
Cor considerable drilling had been
done prior 70 our taking hold. The
results OF this we're so promising that
we went into a most exhaustive ex-
animation o. the Held and the result
convinced M that you have here III
New Mexico one Of the great produc-
Ing fields OF the country.
"Our first move. after becoming in
eerested in the oil possibilities OF the
field. was 70 employ the most con-
aervutsve experts We could find. men
who knew the oil business from top
10 bottom. Their reports were So en-
conraging and 40 convincing that we
determined 10 go in. We were told
BY these men. whose reports | carry
with me. that We had a formation al
most exactly similar 10 that in the
Pennsyivnnia oil fields; In other
words. from 30d 20 $50 feet Of Penn
sylvania iiFne. Il looked mighty
good 20 as and with MIR. Orphan.
Judge Richardson OF Roswell and "a
few other business associates in Ava.
W. organized the Noah OIL and Gas
company W. nave now In our con-
troll through purchase and lease.
5.2s0 acres 81 land right In the heart
81 what the biologists tell us Is the
Pecos valley Oh field. ] might go into
"a technical discussion OF the condi-
tionr which make this field so prone
islng. but ! think IL ~ enough TO say
that We know the Oh In there. This
field ~ NO longer a speculative propu-
sitinn. It's development has adj
yanced 10 the point where We have
absolutely demonstrated the presence
OF OIL In large volume. Ia has been
shown that the field Is Of consider
able area ana we are right in the
middle Of "a. u ID aswinner.
The Noah OH and Gas company
~ an association of business men Oi
established reputation who are coins
into this Held 10 develop it---or al
least a considerable area Of n. We
now have on the way 20 the Held q
i0s-foot drill rig which will start a
G2-inch hole within sixty days. We
expect TO put three additional drlii
RIGS on the ground al once and 20
thoroughly exploit our holdings. our
capital stock Is t2ee. SEQ. We are not
"a stock selling outnt and We desire
only sufficient funds In the corpora
ton 20 enable as 10 carry out the de-
vei0pment program which the direct.
ors have outlined. Mr. Graham has
been here for several weeks looking
over the business conditions. and
after consulting with him we have
decided 10 all0t 1000 shares Of our
stock 20 such business men az may
be Interested in an Investment II this
character, The par value 81 the
stock is $1,000 and viii be sold al par
We do not desire Go make any ex.
tensive stock distribution and would
prefer 10 limit our disposal here 10 a
small number Of men We know we
have a good thing and that the com
pany will prove a very heavy profit
producer We shall be al the Hotel
Combs for several days and viii be-
very Hlad 70 see any OF the bushes.
men or investors Of Albuquerque whu
are interested, ! want 10 say that In
many years Of experience la the pro-
duciion Of Oh have never seen O
more favorable outlook than exists In
the Pecos valley. II has been dem
onstrated and we feel that our com
pany has what - probably one of the
most valuable OF holdings IN the
United Sfnfcs1