The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-09-14
An Important
acquisition

The swc1sondnlr on company
""icn has just eanb.isaed opera.
lns hchd1udrlrrs lu the Fort worth
H"uDuhb uaak uul ding. lS a mdN
important acquisition 10 the busmc,
l.'reslh OF tutt worth ana l.c IA IL
mat th.s company selected fu..
north tor It's headquarters e. db
HSHeu teyuAI pcrAINenWrc the .u.l
thht lhc ldran, county metropolis
Is iHc "u center II tlc s,atc.
lue SNtuaundL.u company Is on
e'h'ins lu Steph. ms c.uu.,. where /,
has l.Jaa,c t.Ico Ic& .ru. This y.n-
Germ owns lctcr Swrusuu 40. ADD
Peter SWrnson 80. 2 produr.u..
wells. NOS ana 4 are driius. ms
are NJ for tlNc more holes add l.
IG' are under course Vt Cunstru -
don.
Tue SWcnsondalc company usl
has 20 carloads OF umuer en- route.
80 'tiiuaas OF casing aud .Wu .ar
lrdda Oh drilling material ON he
way This company drills It's own.
"'IIs ana Is building Il town al Swen-
sondaIo, Stephens county. Il aa-
railroad siding on the VI. h q \
at Albany
Tue Swcnsondl'e on company
now ranks sixteenth In the list OF Oh
producing cOmpaui-s Of Texas 1t
paId taxes on an output OF 3J1h,5O6
for the second poIod Of the yvar.
Peter SacnsOn No. /. the first wei
drtled by tgl6 COMPANY produycl
IibHO2 barrels Of OIL between May
2b ana JJnc 80, 1919. Peter Sven
son No. / was started February 80
and finished May Is. 1t came In fof
flush production OF 1000 barrels
Peter SNenson No. was drilled ln
10 days, record for stephens
county wells
Many uf the officers Of tho Sven
sondhie Oh company have leased
honest moved To Fort Worth and
established homes here. ; Pool
business AT Valley Mills, 80 que
county, for u years before he cauc
to Fort Worth lie and his family
are now located at 1910 El rusD
street MIR. POOL helped organize
the Swcns .ndale company.
"Our company was organ zeh la
December said Mr. Pool "Nu
started out with a capitalization of
100000 and l.09j acres of land,
which Peter Swenson and his son,
Solmar T SwonRun, put In the COM
pany. In April We Increased our
capital stock to tl,iOO,O00 and IN
creased our acreage to L. jyI shares
iu the company have changed hunus
lately at $4,000. which indicates our
growth. The Pierce Oh corporation
and Cuff Pipe Line company aIc
running our oil and the Prairie pipg
line VIII shortly hook up with oui
tanks"
sclmar r. swenson, president OF
the company Is a son OF Peter SVEN
son.
r. II. Robertson. attorney, is n for.
mer assistant attorney general OF
Texas. Tie has moved his family 60
Fort Worth ana leased "a home nt
1895 Washington street
G.. G.. Dlusby treasurer. Is the fo--
mcr cashier OF the First Nt'lOua
bank AZ valley NILS lie has hroug II
his family TO Fort Worth and iel,cI
"A home On seminary hr,
Discussing the organization ~ n
COMPANY Mr. Pool said. 90. T.
SChOw, general manager, arranged
the deal with Peter Sweuson orig
inally Mr.. Schow al that time was
resident OF Bosque county and inter /
esfed a number OF mis- friends ~ the
Mr.. Schow and myself
arranged for the organization OF the
Sweusondaie company after a con
ference with Peter Swenson In Al-
gust. 1918.
Peter Swens1n suggested that ~
he called the SNyusondaie Oh COM
pany Ilo also urged the selection q .
his son as president. All he big oil .
producing companies of Tie north .
ToNus fi.ldz were bidding f1r the
SWcusou aCfoug" az that time. Peter I
Swensnn made up his mind TO dri 4
hts own property Tha' Is how Tho .
Swensondalc OH company vas or.
We have not perfected all our
plans yet The company expects n. .
build refinery TO handle So out. /
put and we have Other plans I'm view |
for the expansion ~ our buslucs
The directors OF tie company will .
hold meeting a. IN" Fort Worth /
headquarters IN october 20 outline I
our policy and perfect plans for the !
Improvement OF our busl- !