The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1917-04-26
THE EMPIRE OIL COMPANY
WILL OPERATE IN THIS FIELD


The Empire Oil and Fuel Company
a concern capable of carrying on an
extensive business, is represented in
this district by Judge r. r. Hazel
wood Of Amarillo, who was here Mon
day appealing to those with land to
sign conrtcats permitting the COM
pany TO develop the oil indications so
conspicuous by evidence in the neigh
borhood. Considerable land has been
procured. but number of acres re-
main out, the owners not fully con-
WINGED that il will be of advantage to
enter the pool forming through the in
strumentality of the gentleman from
Amarillo. To those not committed, II
might be said. by holding out against
the combination sought to be made,
they are jeopardizing the whole busi-
ness of sinking for oil in the section
sought by the parties desirous of de-
veloping the industry through sinking
a number of wells. 1t is admitted the
land is desirable or there would be no
one here holding the choicest portions
OF couse oil was not thought of as n
future possibility, every owner actu-
ated with the desire to possess 100
acres or more for agricultural pur-
poses solely. This latest trend has
some what upset calculations. That
the Empire Oil Company is acting in
good faith in desire to procure the
leases Of many acres for development
purposes is rather to the advantage of
owners of land, it opens way to the
settlement of the country, which will
mean more people and towns, plenty
money and those with land upon which
oil is discovered certainly assured of
large fortune, probably within a short
period after oil is uncovered.
Those hesitating to embark in the
enterprise may have good reasons for
not taking kindly to the proposition.
Thu. is their affair; but, holding back,
deprives others of benefits and, in the
end, gains not one penny for them
selves.
From the point of view of a dis
interested party-meaning, with no
land that will gain by the discovery
of oil-this company has all the testi-
monials necessary to convince the pub
lie of its legitimacy. 1t is operating
in various parts of the country and is
claimed to be boring eighty wells, and
mention is made that the bank Of Bar
tlesville, Okla, has taken the trouble
to inform like institutions in the coun-
ty. the financial soundness of the En-
pire Oil Company.
A telegram was shown. which stated
that casing for the wells to be sunk
in the Endee basin would be shipped
as soon as the contract had been sign
ed, probably meaning upon sufficient
land being secured work prosecuted
upon details being arranged.
This company is abundantly capa-
BILE of financing the entire enterprise
without resorting to the sale Of stock
10 the public. This one item should
be the most convincing argument to
prove the honesty of purpose of those
desiring to seek oil in this particular
section of Quay county.
Another thing. Many never dream
ed the possibility of oil in this particu-
lar district; that geologists have pro-
nounced it "a practical proposition to
make test, evidence to the public of the
great benefit to be derived by encour-
aging the enterprise of the company
in seeking oil in section not thought
to he of worth other than for grazing
cattle.
Headquarters for the company will
be established at Endee with j. w.
Hedgecoke, Jr., local agent. Dearing
a. Sons of FL Paso, one of the most
successful drilling concerns operating
in various parts of the country, will
have charge of operations in the field,
and, while the oil company has its own
geologist, another will be retained in
advisory capacity TO determine the
best location for the beginning of bor-
ing operations.
The outlook certainly has a smiling
aspect.--Glenrio Tribune Progress.