The Nevada County picayune., 1920-08-12

field of 1.Na~, th&XictorY oil X GaS| Company has developed mto the Nic-I tory Ou Production Company with q. capital stock of SL0oo.o0o. and actual holding, with book value of more than S25ea auo h les, than Il year theI company las returned To is stochhold- CTS IT cent of their investment iHI dividends Additional acreage is being secured. extensive developments are in progress and other plans are heinz con truly big oil corporations of the come try.
 The Victory Oil Production Company successor to the original companies. was incorporated July 2. 1920. and has extensive oil leases in the state of Texas. Arkansas, oklahoma and Ken lucky. Al the head of the organization is John R. Frazer, one of the states most successful business men and sane promoters He has associated with him il staff of men who have made T
  operating with him i'll making the Vie tory Oil Production Company one of the greatest and most prosperous il- dustral projects of the south.
 One of the most recent acquisitions uf the Victory staff k Captain \. \. Hilger of Hcbcr Spr ngs, Wl9 was for eight years trayeliEg clam agent of the Missouri Pacific For nine months he was in the military transrprta fenl department of the Mexican ho4'Iel. and for nine months in the <. .. <. in the midst of the Sevcrost fighting en the Italian front Since June 1. Gap ain Hilecr has been field Ia,l.aeo1 and q member of he blarl of dieetass of the Victory conlsl.y. He Ha# .3sE"tea the greater part of the last tWa H3:1ils to personal Worl, and inycst.sati4n h' the =ofl fields where he company lFts interests. He is most ell. hllSiastic over the prospects and SaXS that there k no better acreage anywhere than that controlled by Victory. There are thfee
 
 wells on the original ten acres. near Desdemona. Texas, which have now < t,tl production of 2eo barrels. each, Gat:r. Two more wells are expected to fe brought in there this week. which are expected to yield at least 20a bar rels each. making Il total of 1000 bar relS daily winch sells at S3.15 per Iarfel
 The company has secured three leases aggregating 2l acres. in the center of the famous Breckenridge field of stephens Goun Y. Texas. and will with- in thirty days begin drilling on leases in the Corsieaim q strict. This iS shallow field in absolutely proven terri tory. one of the oldest in The state of TeNaa. having been producing the last twenty five years Pipe Line companies paid he Plateau oil Company. apera- ing n tEe &reca,.uid2g folsl, Jotal of SIalGeNB to.. tue slylH day production from cue @eu In Go'sJic GreeN UI ComE.ee htatsIl. n 0tli la~t W,ez that is ilow,a- 9@o harIels daily hy actual pine line mcaSur, meut~. Nn the Iliggiuuattom lease in th.> district, one well has been flowing S.00o barrels daily for hJec weeks. E. x Walker, president of fhe First National Rane of Breckenridge. k the owner of one well for which he has refused $l0ao.- aoO offered by New York syndicate. There has not been q dry hole within |: radius of eight miles of Breckenridge. The wells in and adjacent to this fie!a are making from G0o to 9.tiu0 barrels daily and the actual pire line run ts 1J0G00 barrels every twenty-feHr hours or an actual yield of more han half million every day from this one field.
 A state commission regulates the number of wells that may he drilled on any given territory. The Victory Com pany has three leases ill the IakeVleW addition Thc derrick on No. 1 will be completed hy August l5. The average dcuth of wells in th's field k 31So fee and production has hcen secured in Var,alIy at that depth in an average If k feet of oil sand \ well can he drilled ordinarily in B days, Wells on the other two leases will he 9i1alded in as speedily as pass I'Ir,
 In addition to iio,o noldings in the Dcs,lemoGa. torsicaua and BIecken- ridge fields of Texas. Victory has sc- cured leases in the shallow production held near Isomyille. Elliot county Kentucky. Th.s K field of many years duration. adjacent to the old district of West Virginia The first rig is now on ihe ernnnd and ihe well is being sunk.