The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-08-28
Five Points Of the Oil COMPASS

The Seven States Oil Company measures up fully to these five pre-
requisites. and that is the reason the sale of its stock has met with such
a splendid response from the public.
FIRST: PRESENT PRODUCTIoN-The Seven States Oil Com
pny owns three producing wells in the Burkburnett field, yielding around
$50 barrels per day. at an approximate net profit to the company of
$250O0O0 per month, assuring immediate dividends.
SECOND: PROVEN ACREAGE-The company owns three acres
and an additional drilling site in the very heart Of the Burkburnett field,
with wells already producing on contiguous acreage n all sides; also ten
acres in the Desdemona Ranger field in proven territory.
Our expert driler and the officials of the company have no doubt that
we will find oil in large quantities on this acreage.
THIRD: VAST ACREAGE IN PROSPECTIVE FIELDS-The
Amarillo field in Northwest Texas is regarded by experienced oil men as
being the next great. field. The Seven States Oil Company owns the oil
Memphis directors of the company are leaving Thursday night to be in
Amarillo IN Saturday to witness the "spuddng in of our first new wei.
More than sixty wells are now being drilled in this field, mostly by
larger companies. Eight gas wells nearby are now producing from one
million to one hundred million cubic feet of gas daily This is of twofold
significance. Cd This is wet gas" and can be condensed into gasoline,
making it commercially valuable. C) Oil almost invariably follows wet
gas" One well has reached oil sand, and is expected to bring in a great
flow of oil any day. The value of our leases will Immediately and auto
matcaly become worth millions of dollars.
FOURTH: RELIABLE AND EXPERIENCED MANAGEMENT
The company is fortunate in having at its head Mr.. w. G. Myers, of Wich-
tia Falls, Texas, one of the pioneer oil operators of Texas, and who during
the past eight years has accumulated a fortune that runs into millions. He
is the president of the Farmers State Bank, Of Burkburnat, a director of
the National Bank of Commerce, Wichita Falls, president OF the Liberty
Pipe Line Company, president of the Red River Refining Company, and IS
interested financially in a number of oil companies. Mr.. Myers will have
primary oversight of the operations of the Seven States Oil Company.
Mr.. J D. Wrather, Of Amarillo and Wichita Falls. secretary and treasurer Of the
operations since the opening Of he Bnrkburnet field and has acquired a fund Of
information M experience which makes him a nos valuable executive in the de.
heads he directors If the company, a number of whom live in Memphis, are of the
highest %, type . Of successful cuisines business % men I. amar, names ss guarantee not only a square
FIFTH: PERMANENT PROGRAM-The Seven States Oil Company, in addition
to the operation Of the wells that ARE now producing and being drilled, is nde on,
tract drill on the acreages in the Burkburneut. Desdemona- Ranger, Amarillo AM
Kentucky fields, and is aso under contract to build a refinery Of one Thousand
the purpose of conducting permanently an oil business, having for its slogan, From
the veil to the consumer"