The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-19

is the advice which Eddie Ramsey,
the well-known local oil man, gives
to young men who aspire to engage
in like profession.
"By knowing the game" he ex-
plains, Il mean know it by learning
it. And to learn it, there is only one
way, and that is by commencing at
the bottom of the ladder and going
through each stage Of it. Put on
overalls, and go out into the field as
roustabout Then work yourself
up, (and IL you have any ambition
you can do it). Work In the oil,
surrounded by the oil field machinery.
and among the men who know oil.
And after you've learned II, you are
| prepared to play it big. and win.
Depending solely on luck may win
for you sometimes, but luck goes two
ways, and its never always good
luck
Always be honest in all your deal
| ings. II you are not, you will never
last. Crooked oil men go just so far,
and then they're out. There is not
single man yet, who is not honest.
who has remained in the oil game for
any length of time"
Mr.. Ramsey's advice concerning
knowing the game" and how to ac-
quire such knowledge comes from a
man who has been there. Six
years ago, Mr.. Ramsey was working
as a clerk in local shoe store. and
the SIS per week which he was re-
ceiving at the time was his only in
come. Today he is millionaire, and
together with his brother, w. r.
Ramsey, of Oklahoma City, has i'm
mense oil holdings in every import
ant pool in the country.
And he did it by following the ad-
vice which he now gives to those
who ask it.
Both the Ramsey boys worked hard
during their early days, selling papers.
and doing anything which would aid
them financially. Together they
worked their way through business
college in this city. working all the
time, and earning their meals by
waiting on the table at a boarding
house.
After completing the business
course Eddie accepted q position in
the shoe store, commencing at So per
week. He worked continuously there
and finally was receiving q salary OF
SIS per week.
Then the Heald.on field came in,
and almost Immediately after, he quit
his job at the shoe store and went to
work in the oil field as roustabout
at s1,50 per day. He worked hard
and conscientiously. and received sue
cessive promotions as tool-dresser and
then driller. It was while working
in the fields that he gained the prac-
tical experience which he now applies
in all his dealings.
The first investment which the
Ramseys made, and which yielded
them sufficient profit to permit
them to make bigger investments. was
the purchase Of lease in Kansas.
They then bought production in
the Healdton field part OF which they
still retain, after selling some Of IL
at n fine profit
The Ramseys were among the first
to become interested in the Cement
field. In Caddo county. where they
still retain some production. Recent
ly a sale was consumnated whereby
hey sold part OF their HOLDINGS there
for one and one-half million dollars.
Their next venture was in the ANA
rillo field. which Is now the greatest
gas field in the world. One well in
this field is now producing 107 mil
lion cubic feet Of gas daily. by gov
crnment gauge. Recently some of the
wells have picked up some oil slow
ings. in cases whore the drlllers were
able to get through the gns.
In Potter, Carson and Hall counties.
'he Ramseys have nearly 10000 acres
of land.
In Beckham county which borders
on Texas, (north side of Amarillo)
they are interested In two wells. In
this field they got up hrgo struc.
ture OF 10000 acres, OF which acre
age the Pierce oil Corporation took
part on a drilling contract. Charles
Taylor is also drilling on the struc-
ture.
One Of the largest deals the broth
ers over consumngtod was tho sale Of
n half interest In an SO acre tract OF
land which thcy owned IN Louisiana.
Tho purchasers wcro the Continental
Asphalt and Petroleum Company. who
paid two million dollars Tor tho one
halt Interest. Tho lease IL IN tho
southwest quarter cf 32-i3-lO. IN he
Bull Bayou district and is ono OF
the hest proven districts there. There
Is one well on the tract producing at
more than 1000 barrels daily from
sand at 2,7O0 feet The Ramscys have
extensive holdings IN tho Dull Bayou
district, all Of them being In proven
territory. They bought thcrc while
Inc territory was still wildcat. and
thus have already and will continue
to realize a handsome profit on their
Investments.
Other holdings OF the Ramscys In
clude territory In southern Arknnrns
on. the Louisiana border. close I'm 10
now gqs wells brought In In that
vicinity. They have territory all
llone the Gulf coas' country. IN the
uillings field of ktnsas: the Peabody
field and mid-continent field of North
etn Oklahoma, In Warren county.
near Bowling Green. kcntucsyt the
Meyrimec pool In northern oklahoma
MIh the Olklahnn,n pr,,,cfo, n,a
Refining Company, they are interested
In territory about wcwola, Seminole
county aud tho Okfuskcu, iiu ,hra
se'nreie and Usage districts.
They hold interests Ia well which
is IN fine structure In section sl-isn.
Il In Il lnnl-.... ........l.. -----.