The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-07
Vital Facts and, Figures Of
Interest

g. We are interested in eight producing wells, Are
now drilling four wells and have eleven more con-
tracted for
We own one refinery at Gushing, Okla, of about
twelve hundred barrels daily capacity now operat-
ing This refinery is located on the Santa Fe tracks
We own our own loading rack and siding. We own !
pipe lines and right of way connecting lis with the
commentaries pipe lines passing through this field
which gives us ample facilities for securing Our
crude oil
We own our own tank cars for marketing our
gasoline.
We own fifty acres of land adjoining Fort
WORTH Tex. on which we erecting large re-
finery This refinery is practically completed and
will begin operating some time this month 1t will
have an initial capacity of three thousand barrels
per day, and when fully completed will have ca
pacity of between five and six thousand barrels per
day and will be the finishing plant making gasoline,
kerosene, gas, OIL dstillae, lubricatlng oil greases,
and paraffn wax The land on which this plant is
being erected cost seven hundred and fifty dol
lars per acre and we refused twelve Hundred and fifty
dollars per acre before we broke dirt. =
We have our own siding and will have loading
rack capacity to handle one hundred and fifty tank
cars at one time. We are on the Belt line and are
also connected with the r. P. and the NJ, X. & I.
tracks The Texas pipe lines pass Our property on
the south and the Gulf pipe lines pass on the west
which assures us ample facilities for securing our
crude for this plant
We own twenty acres in fee at Ranger Tex, on
WHICH we will build in 1920, refinery of two thou
sand barrels daily capacity The Texas pipe line
crosses this land with an eight-inch pipe line and
six-inch pipe line thus assuring us ample facilities
for securing Our crude We own thirty-five acre in
fee at Marshall Tex, ON which will erect re-
finery to handle West Texas and West Louisiana
crude. s ..
We own business site in Fort Worth, one hun
dred fifty by one hundred fifty. which expect
to begin the erection of our Texas office building
this spring.
We own forty-two hundred acres OF valuable
leases, located in the thick OF production in the
Burkburnett Desdemona Electra, Brady and Caddos
fields.
Our outstanding Stock aggregates approximate
" seven hundred fifty thousand. Our liabilities
about eighty-fNe thousand. Our assets approx
mately one million two hundred fifty thousand, SO
the book value of our stock today is about $3.50
per share, par value $1,000.
PLANS OF THE COMPANY.
Every effort of the company and it manage
ment will be devoted to carrying out this policy,
viz: Setting aside Is per cent Of the net earnings
for the dividend columns and using not to exceed
Is per cent OF the net earnings for drilling purposes
to finish developing its provep acreage to- complete
and operate four refineres; to manufacture gasoline,
kerosene, gas OIL dstillate, ubricating OIL greases
and paraffin wax; to buy additional tank cars; to
build additional pipe lines so that we will run Our
own oil from wells through our own pipe
lines and tank cars to our refineres which
will give us the profit from the we'll to the con-
sumner = to place the company a monthly dividend
basis beginning March 1920; and last but not least,
to make every stakeholder money, and to make the
Federal oil & Refining Company one of the big
independent companies of the southwest
Get your knife scissors around this coupon and fiji
out and mail 1t today.