Iowa state bystander. [volume] (Des Moines, Iowa) 1894-1916, 1915-12-17
AFRO-AMER|CAN CU[L|NCS

SIS DCE0ube Oh l8t6 fuNng OF tne cOuu'
~ clerk In which the owner OF an
oil lease is forced to turn over to
the lessee the royalty oil instead OF
Its equivalent, Sarah Rector, the rich
est Negro girl in Oklahoma, and prob
ably in all the world. now is receiving
in royalty $4,000 more month than
formerly.
Six hundred dollars q day was her
income from one of the most valuable
oil land allotments in the entire OIL
ton district. Her tract of land. which
p operated by B. B. Jones. millionaire
oil man, 10 now producing in the neigh,
borhood OF 100000 barrels of crude oil
. month. For her share, one-eighth,
or 10000 barrels a month. she was
getting 80 cents barrel, or total
Of $4,000 month. giving her daily
income from her oil royalties of $500.
An additional ten cents barrel pre-.
MUM for her oil was obtained through
. decision by Federal Judge Campbell
Of MuskOgee, holding that an oil com.
pany operating tract of land must
II the landowner demands 1t. The
market price for oil is 80 cents, but
. premium is being offered for oil as
the demand Is now greater than the
supply. BY demanding the payment
OF the royalty in oil Sarah Rector has
sold her oil to the Pierce Oil cor
poration for 80 cents barrel. or an
increase Of $4,000 month. or $66 a
day. The deal was made for her
through her guardian, T. J. Porter.
The Sarah Rector allotment has ell.
ways been good revenue producer.
It has been producing oil for about
two years. She has received from her
laad in royalty approximately 100000
In cash up to May 1 of this year, and
on that date her royalty oil that had
accumulated during the previous four
months was said at the then market
price. 40 cents a barrel, netting her
an additional $4,000, or a total Of
125,OOO.
The sale at that time was made
to B. B. Jones, the operator of the
land. and the contract was continued
In force to sell the royalty oil as it
accumulated subject to termination at
ten days notice.
The Sarah Rector land reached its
high tide in production during the
spring OF this year. 1t was estimated
to be making 10000 barrels day dur.
ing April or 100000 barrels for the
month, of which the little girls share
was $4,000 barrels. For February the
hector production from the deep sand
or Bartlesville was 100000 barrels,
and for March it was 1926. 900 barrels.
During the spring months it was
the biggest producing property in the
field.
Prior to getting the deep sand pro-
duction the Rector land produced oil
from the Layton or shallower sand.
and during the last months OF 1918
this amounted to about $4,000 a
month.
When the deal was made last spring
whereby the accumulation of royalty
was sold to B. B. Jones. it was esti-
mated that the Rector land would
yield to its owner anywhere from
100000 to $4,000 in royalty during
the succeeding four months, and it was
said that the tract would be a big
money maker for her for many years
to come.
With the recent increase In the price
of crude oil, going to 80 cents bar
rel from 40 cents within a six weeks
period, and with the federal court de.
cision separating the royalty from that
of the producing company, the in
come of Sarah Rector began again to
increase. and for October she received