The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-09-14
ArdmOre Bows in TcXas

Desdemona, Texas. Sept. 13.-Of the
scores of companies operating in the
Desdemona oil field the Hog Creek Oil
Company, composed of Ardmore men.
has been by far the most spectacular.
When the spraying oil from the Duke
discovery well had vanished from the
air, it was found that the Hog Creek
Company had secured leases on nearly
all the available surrounding land.
Today many producing leases in the
Desdemona field are known by names
other than the Hog Creek Company,
but an examination Of the land titles
show that the leases belong to the
Hog Creek Company and have been
sublet, in many instances on a fifty
fifty basis. The men who formed the
Hog Creek Oil Company had long eX.
perence in the Carter county, Oklaho-
ma, field and doubtless it was that ex-
perence which enabled them to 'get
away from the scratch" before the big
race for leases in the Desdemona field
started.
Stock in Hog Creek Company
Since then the Hog Creek Jr. Oil
Company has been organized and five
shares of dividend production stock in
the parent company purchased as a
modicum of the assets of the junior com.
pany. The stock in the parent company
largely insures the stockholders in the
junior company against possible loss.
Prediction has been made that the
five shares in the Hog Greek Company
alone may become equally as valuable
as the junior company's remaining as
sets.
The Hog Creek Jr. Oil Company has
secured from the Hog Creek Oil Com
pany a lease on so acres of the A. NJ.
Anderson tract in the 4. a. n. O. rail
road survey, Eastland county, 10 acres
on the II. Edgeman tract in the Won
ack survey and 20 acres on the Snod-
grass tract offsetting the Duke Dome
well. The company is now drilling Il
well on the Anderson tract and the drill
is at the SOOfoot level.
If the Junior company is anything
like as fortunate as the senior com
pany, the two will be wonders in the |
oil kingdom. The so acres in the An.
derson tract will easily permit the drill
ing Of 10 wells, and company officials |
have expressed the belief that the pro
duCtion from the tract will be more |
than 5000 barrels of oil daily.
General offices of the company are |
at 1906 12 Main street and the officers
Of the company are, w. b. Frame, pres
ident; L. s. Stahl and George Myers,
vice presidents; r. A. Fox, secretary
treasurer and general manager. Trus-
tees of the company are Frame, Stahl,
Myers, Fox and Smith, and the com.
sanized February / of this year.
Its capitalization is only S150,000, en-.
ibling the company to divide dividends
lmong a comparatively few stockhold.
'rs. Par value of the stock is $40.
Otis VI. Smith, purchasing agent for
he company is secretary and field
manager of the Gates Oil Company, one
If the largest producing oil companies
n the Healdton and Ranger oil fields.
Pioneer of Indian Territory
W. b. Frame, president of the com
,any, is a pioneer citizens of the old
indian Territory, widely known in the
Ill business in the Healdton oil field
ind one of the original stockholders in
he Hog Creek Oil Company.
George Myers, vice president, is pro
'rietor of the largest drug store in Ard
more, Okla and also an original share
holder in the original Hog Creek Com
,any.
r. a. Fox, general manager, is a
arge land owner and secretary treas
lrer of the Union Ltd. Oil Company and
PRESIDENT of the Pierce-Fox Oil Com
amy.
f. S. Stahl, vice president. is man.
lger and heavy stookholder in the
'urity Pecan Company, which owns
he largest peanut factory in Oklahoma.
Duncan Has New Drilling Concern