The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1919-03-21
BOURBON PEOPLE PROMINENT
IN OIL DEALS.

Leases on a tract Of five hundred
acres in Southwestern Kentucky have
been taken by Mr.. w. A. Thompson.
Of Paris, and five associates, who ex-
pect to have the property developed
for oil and gas this summer.
Mr.. Thompson was in Lexington
this week, and engaged Geologist
Rourke to go out on the lease at
once and stake out sites for drilling
number OF wells. Mr.. Thompson
states that the lease secured by his
associates, which Is close to the Allen
county pool, is in the vicinity Of
production, and that a preliminary
examination of the property indi-
Gates good showing for oil.
Articles Incorporating the Ken-Flo
Oil and Gas Company, with offices in
Lexington, have been filed in the
Fayette County Clerks office in Lex
ington. The capital stock Is fixed at
100000, divided into 100000
shares Of 81 each. The names Of the
stockholders are as follows: Geo.
w. Wilder and Edward II. Corey, OF
Paris; Frank N. Bryson. J. d. He'd
rick and A. A. Bablitz, of Lexington.
Papers Incorporating the Hutcht-
SON Oil and Gas Company have been
filed in the office of County Clerk
Pearce Patton, in this city. The cap
ital stock has been placed at $4,000.
divided into five hundred shares at
$40 each, and the amount of indebt-
edness the company may at any time
incur is fixed at $4,000.
The incorporators are William Me-
teer, Alonza CHM, NJ. r. Jacoby and
John l.. Karney. They will begin
drilling for oil shortly on the farm
Of VIM. Meter, near Hutchison, and
expect to go to depth of $500
feet.
Evidences of oil and gas in the
'neighborhood of the Meter farm are
known to exist, and recent geological
researches and Investigations have
offered promising inducements for ex-
ploitation.
The Bourbon Oil & Development
Co. has brought In its No. s well,
Comet subdivision, Block Is, rated
at fifteen barrels. The same COM
pany's No. and wells, on Block
%, are due in, and their No. 8. on
the Mile Freeman farm Is ready
for the casing. The company's field
manager, Mr.. James H. Moreland,
who recently returned to the field OF
operation, reports excellent pros
poets.
The Cooperating Land & Develop
ment Company, of Paris, now has
three leases In the Big Sinking dis
trict, total of fifty-seyen acres, part
Of which Is near big wells. The COM
pany also has holdings in the Ross
Creek field. 1t has three wells of its
own, half-interest in eight others,
and royalty in eleven more.
Oil men Of the State were <surpris-
ed to learn in a recent report of the
work done In Kentucky oil fields in
the month of February that 615
wells are in the course Of drilling in
Sc counties. Few men had expected
to hear OF more than 400 or $50
wells, and the larger figure has JUS
tined the optimism that many have
felt for the future Of the industry.
On the basis Of the present pipe lines
the oil section will yield $20,000,000
in the coming year.
y
BLUEGRASS OIL EXCHANGE
A large crowd was in attendance
at the Bluegrass Oil Exchange open
call session Wednesday night. Co
operating Land & Development stock
as in big demand at. 35c to f40c and
F1esher stock sold at $2.10 to 2.12k.
Sales were as follows:
100 shares Cooperating ;. :. .29c
100 shares Cooperating !. soc
100 shares Cooperating :. :. ..31c
100 shares Cooperating :. :. sic
100 shares Cooperating =. >. ..31c
100 shares Cooperating :. :. ..33c
202 shares Cooperating :. sic
500 shares Cooperating :. :. .31c
800 shares Cooperating :. :. ..32c
500 shares Cooperating >. :. ..33c
200 shares Cooperating :. =. $3.50