Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-03-23

ating at Fort Worth. not to mention
those buildings In all the Texas fields
no wells give higher gasoline content
than those of Burk burnett This mir
aele has come about since last Sep
TENDER, the Fowler well of Jily set
ting off the bomb of development.
George McQuaid, writing for the
Dallas News and Leslie's magazine,
says the Burkburnett pool has been
found continuous and prolific and the
conditions there make it possible for
many men of small means to invest
and produce oil. The whole town and
vicinity is in proven territory, he says
Companies have paid dividends from
80 cents to SO for each dollar invest
ed within six months and stock is
changing owners at from 200 to 1000
per cent over par value.
Missouri and Oklahoma oil men
paid $4,000 an acre for ten acres in
block 5S, and $3.50 an acre for an
other ten acres in block 81. In these
blocks are located the Hammond Art
and Humble wells. Values TO the west
>
owing TO the bringing in of other big
producers like the Mann Hood, Mason
Big Three and Burkburnett Oil Pro-
ducers in block 46, within a short dis
lance of the FL -Burk burnett's
site for drilling.
]. o. Crockett known here for his
prominence as the head of the Mexico
Northwestern railroad, MADEIRA Lum-I
Der company and the Pearson lum.
Der milling interests, as we'll as al
StoCkman in the Plainview country,
has associated with him in the Ell
Paao- Burkburnett Oil company, ]. f.
Benton, cashier of the First NATIONAL
bank of FL Paso, and r. C. Ware vice
president of the Citizens National
bank of Plainview and head OF the
Ware hardware and Ware Oil COM
panies. Mr.. Crockett is widely known
as a successful builder and developer
and is on the directorate of the First
National bank of FL Paso. He spent
three months investigating the Burk-
burnett field before taking four leases
in the drilling zone and is offering a !
very attractive investment, judging
from his numerous callers and his
daily mail orders for stock.
Mr.. Crockett proposes to start the
first of three wells inside of thirty
vania oil sand at depth Of about
1850 feet. His four locations in diff
ferent points over the pool gives the
Eel Paso company unique position as
a probable great producer. George
McQuaid says Burkburnetts actual
production is 100000 barrels a day.
worth sS7.750, or $2,632,600 a month,
or $31 100000 a year. And it will be-
come more before it becomes less, for
the pool is not nearly drilled up and
its limits are not defined" says Nc
Quaid who is recognized impartial
reporter. SO far the production has
not decreased. Indeed it is claimed by
slightly, even with a new
yusher coming in nearly every week.
FL Paso- Ranger, financed here, will
begin drilling by about April /. The
Ocean company, headed by local bus
ness men, is well under way to con-
ract for sinking. The Pass City COM
)any, in Burkburnett vicinity, is start
ng operations The Banner, Martin,
Wichita Falls urkburnett, FL Paso-
Burk, Ranger Burk, Bankers Leas-
ng, Dupont, Hog Creek Duke of Dub
in, Damon, Dupont, Ranger Union,
Texas Pure, Texas-Crude, Comanche, .
Little Wonder, Sunshine
md score Of other stock companies,
eem to lie all getting capital with
which to- hit pay sand in their respec-
i've holdings in north central Texas,
The Hueco Tanks country, north
EAST of Ell Paso, is said to be leased by
81 Paso men, eager to start spudding
n. Geological maps indicate Penn
'ylvania sands at depth there. Along
he Pecos river valley from New Mex
co to the Rio Grande the geological
harps have drawn the sands that
,pell oil to the initiated.
Within cannon shot of FL Paso it.
elf, on the Canine Real, the Ell Paso
oil and Gas company has its derrick
m and machinery hpingr assembled