The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1919-07-11
ARMY OFFICERS OIL ASSN.
STRIKING Ir VERY RICH

~ fatot leAds, July ll.-rl0inNfl
Francis W. Glover. president OF
the Pullman OIL and Refining Co.
has received telegram from T..
e. Manning. the companys field
superintendent reporting the Riley
Drillig Associations well on the
sand aud making 500 barrels. The
well not having been drilled In yet
This we'll is just i25 yards east Of
the Pullman OIL and Refining Com
pany's No. +. NJ Daniel we'll.
The r. NJ. Daniel homestead in
the town Of Desdemoua. Texas. con-
sisls Of two acres. The Riley
Drilling Association owns the easi
acre and the =. o. aud n. COM
pany the west acre. with the Daniel
house midway between the lwo
wells.
This weeks Developments IN the
oil field arnund Desdcmonia. Tex
as adjacent 10 the already famou.
production center known A. the
Duke pool. FROM which 3O.000 bar
rcls of crude oil per day Is flowing
from thirty five wells. have includ-
ed besides the entry Of the Gup-
gonheim interests with reported
investment NJ si.500nOO the forma-
iiun of the Pullman Oi and Re
fninE Company, capitalized nj g.
100000. with the declared intention
of sinking ten wells and construct
ing H. own refining aud pip
lines.
The Pullman on and Refining
Company is the rcorganizrd ~ paso
Duke on Company. owner Of i25
acres of choice oil land I'M the
Texas oil fields. several tracts of
which are iam-up to gushers like
the g. 7. Terrell and Peerless. The
company nav has three rigs up
and one drill going down IN ~,
Desdemonia field. H. we'll IN the
Desdemonia townsville is down i.On
feet and 3. expected to reach oil
sand July % at abuut 2.75O feet
depth The rapidiiy with which the
| W paso-Duke holaiin vas nut
over last spring Nas one oi tie
wonders Of the OH game In N,
southwest. H. capital of s250OO
heing largely oyersunscrihed by
people from all part, of the Unit
ed States--pruhahly the majority
LOT them men Of the army and
navy.
The Pullman on aud Refining
company l. unique M that ~ or
ganizers and leading directors are
oificcrs of high RANK M the rcgu-
lar army. Colonel Francis "
Glover, chief of staff in the ~
paso district. b. president Lieu
tenant Colonel John pullman, dis
irici adiuiant Is treasurer; Major
~ T. Harms and Captain Chester
N. Meares are trustees. The field
operations are IN charge of prar-
lical oil men who have achieved
sreet success In the higgest mid
conlinent fields.
Convinced that the real success
in the oil business Is attained only
through Capitalization Of interests
with large working capital, and the
addition Of pipe lines aud refinery
lo producing wells. the men AT the
head Of the Pullman on aud Refin-
ing Company have been working
steadily lo this end since they On
tered the Dcsdemona field early
tins year. Their proposal 10 en-
large their scope OF investment
and operations met with quick and
favorable response Of stockholders
at the reorganization meeting IN III
paso, June "a There will be- one
million shares Of Pullman com
pany sold the balance held IN re-
serve.
Men Of the big oil companies arc
saying lately that the oil business
Is fast developing into a hig-capiiaI
game, combined production. trans
poriation and refining being "a,
surest way 10 accumulate dividends
The little fellow who eau drill
only one or two wells will. The
larger operators say. not be- m,
factor In the game that the COM
binations with ample capital will
Exceptionally large companies ar,
becoming very common In Texas
with large holdings OF land and IA,
whole paraphernalia OF production
and marketing under their control