The Adair County news., 1918-12-18
OPPORTUNITIES IN OIL
RECENT DEVELOPMENT IN KEN
lucky OF UNUSUAL MAGNITUDE.
Decided Success Attends Efforts Of
Kentucky Company = Big Profits
Assured.

NentuCky company - Dug FToHtS
Assured.
Kentucky as an Oil producing state
is coming rapidly to the fore, due
largely to the aggressive and progress
sive management of one of the pioneer
independent oil companies of the state,
the McCombs Producing and Refining
Company.
This organization has quadrupled
it's production recently simply by going
after Oil when it knows it was there.
This is emphasized by the fact that
this company has as yet not drilled
what is technically called one dry
hole, that is, non-producing well.
As a result it announces 4Oe-barrel
well just drilled in" in the big
Sinking District 25o-barrel well in
Lee County, and a 1OO-barrel well
near Torrent, KY.
This makes an increased output of
$50 barrels per day in only three wells
here lately, and there are now "a pro-
ducing wells belonging to the Nc
Combs people.
Mr.. Abram Renick, president Of the
McCombs Company, announces that
within the next ten days he expects
also the completion Of eight addition
al wells. This is going to make a
tremendous increase in the production
of crude oil by this company.
Increasing Facilities.
To accommodate this product the
entire refining plant Of the Consoli-
dated Oil Refining Company of East
St Louis has been purchased and will
be literally removed in its entirety to
Beattyville.
Beattyville is on the L. and N. Rail-
road and within st1 miles of the pro-
ducing properties of the McCombs
Company in Wolfe County. A pipe line
is now being constructed from the
wells to the location of the refinery
at Beattyville.
A fleet of 80 steel tank cars has been
purchased to convey the finished prod
uct to the market.
Refining in Kentucky.
Meantime, production from wells al
ready having consistent record Of
production and many new wells which
are constantly being brought in
through the active drilling campaign
inaugurated by the company, assures
an ample supply of oil for the re-
finery from it's own wells.
The far-sightedness of the manage
.ment in securing a ready-to-hand re-
filming plant at reasonable>fgure may
be appreciated when it is realized that
under present conditions the construc-
ton of new plant would have been
impossible. The establishment of the
plant at Beattyville will be followed
by the construction Of an additional
plant for the manufacture of lubricat-
ing oils and paraffine wax.
Future Possibilities.
With the prospect Of increasing the
number of new wells by 40 or more
within the next six months, the Nc
Combs Producing and Refining Com
,pany is justified in believing that at
least 100000 worth of Oil will be
sold from the property within the
next six months.
Adding to this the profits of refin-
ing, and marketing in its own cars, it
easily takes rank as the foremost in
dependent oil company in Kentucky.
1t must be remembered that the i'm
mense acreage as yet undeveloped con-
tains possibilities of future profitable
expansion which can hardly be calcu-
lated. 1t includes over 1900 acres in
the Eastern Kentucky Oil belt.
Under the able executive manage
ment of Abram Renick, the president
of the company, and the field manage
ment of J. C.. McCombs, there has
been an enormous increase in the total
value of the company's holdings and
this has been accomplished without
jeopardizing the safety of the share
holders interests.
Further expansion, however, re-
quires an additional amount of work.
ing capital and this will be supplied
by the sale of additional stock yet
retained in the treasury.
Recent Newspaper Comment.
"McCombs Buys More Production in
Lee.-The lease purchased consists Of
! 116 acres and are regarded as very
valuable property. There are now two
wells on the Butcher lease, one Of
which under actual test for IS hours
produced 292 barrels of oil."-Oil
World, Nov. 2, 1913
'McCombs Producing and Refining
Company has completed it's arrange
ments for very active drilling cam
paign on the Butcher and Hargis
leases. 1t is anticipated that the pro-
duction of this company, on account