The Holbrook news., 1918-03-01
Oil Netus

deny; that the held Will be de-
 veloped and more than one rig
 in the field within the next sixty
 days. now seems assured. Local
 people are receiving enquiries,
 commercial men while here com
 ment upon the favorable recogni-
 tion that is being offered else
 where as to the oil possibilities
 of the local field; eminent ge-
 ologists and practical oil men
 have encouraged this view by
 their endorsement. While the
 putting down of the well is the
 true solution, yet there are al-
 most unlimited surface indica-
 tions to warrant the assurance that large and productive field
 will be the result of the efforts that are now being put forth.
 Many of the productive fields of today are the results of the wild eating of yesterday. Lately oil has been found near Dalton. N. M., and Pennington that state, and parties now here say the conditions here and there are identical, geologically. The oil fields of Peru extend several hundred miles in a region similar to ours and many of the tracts in Persia and Mesopotamia oil fl e d have strong re- semblence to this. That the field will be drilled is at least evidence that those who are familiar with the game have confidence as to the results of work that will soon be inauaarated. That the in- Yesting public is eager for oil investments is born out by the willingness of capital to enter the petroleum area. Never be- fore has oil industry attracted such eminent men as it does to day.
 The Adamana Land and Oil Go. are the first incorporators to. file their articles of incorpora- tion. The officers and directors are well known business men of Mohave county, the main office will be at Kingman and local headquarters at Adamana. The capitalization IS five million shares with a par value of ten cents per share. MT. D: V. Snowgoose and H. B. Dodd are the local representatives. MT. Dodd recently returned from Kingman and reports that the company has succeeded very fa- vorably in financing their affairs and that rig will soon be on the ground.
 The next issue of the News will contain the articles of incor- poration of the Holbrook Oil Company. We refrain from mentioning the personnel of the original Oil Company of the field that announces that the business of the Company will all be tran sacted from HoIbrook, until the legal publication next week. Suffice to say, that the closest scrutiny will show that they are among Arizona's and California's best citizens. The capitalization is one million and it is the in- tention of this company to make a business like effort to bring in a producing we'll and the affairs will be conducted minus the "camoufage" that is so prevail ent in some fields. It is under stood that the geologist that has been delayed owing to his work | elsewhere. will arrive Monday and spend a week or ten days a thorough examination, and at the close of his work a | consulting geologist will arrive to assist Tn the final determina- tion where the first "spudding in" will be. It IS announced that the consulting capacity will be vested in either Dorsey flag CT, the we'll known geologist of the Sapulpa. Okla, field who specializes on this feature of the game or Claude Knight of Cas- per.
 Col. J. H. Rankin, well known mining man and promoter of Arizona and California, stopped