New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1921-05-06
IMMENSE OIL CON-
SCLIDATION ENTERS
new MEXICO FIELD
COMPANY WITH MILLIONS
WORTH OF PRODUCING
WELLS AND REFINERIES
SENDS WHOLE BOARD OF
DIRECTORS INTO STATE

The coming OF the Consolidated
Texas Production Company into the
New Mexico prospective oil fields as
sured the development of that indus
try in this state on a scale surprising
ANYTHING ever anticipated. by the To-
cal prospectors who have been oper-
ating on comparatively limited capital
IN the past and assures large and sys-
tematic drilling operations in nearly
a dozen counties of the State.
For tie information, OF the readers
of the State Record, as to who com
poses this company we take the fol-
lowing from the Oil Weekly of Texas
OF April 30;
Organization of the Consolidated
Texas Production Company with a
capital OF $2000),000 has been COM
pleted and headquarters will be main
tanned in the Praetorian building of
Dallas. The officers of the com
pany are: J. Leighton Bertie, presid-
ent of the Interallied Shipping Com
mission of New York City, presid
ent; f L. Means, vice president and
general manager; William J Lee, of
NNW VI A-ilNs WIG pA NSiuCHtt Ioilii
L. Keller of Dallas, vice president
George L. Keller of Dallas, vice pre-
sident and chairman of the board OF
managers; Frederick Porter of Dal-
las, secretary; and w. A. Mason of
Dallas, treasurer.
Holdings OF the following oompa-
nies have been taken over by the
consolidated Texas Production Com
pany; Kellers Brothers oil Corpo-
ration of Dallas; Trinity River Oil
Company; Inspiration Oil x Refin-
ing Company; Northeastern New
MeNico Oh Company; Goose Greek
Petroleum Company of Texas; and
sevaI other small companies"
New Mexico First Considered
The interest this new consolidation
is taking in its New Mexico hold
ings is evidenced BY the fact that
after its organization eleven OF the
principal officers and directors came
directly to New Mexico and have
spent all of the present week at San
ia Fe and other points making ar
Tangements to develop their holdings
here and to acquire more land and
leases.
The holdings which the new con-
Germ acquired in this state through the
Northeastern New Mexico Oil Com
pany and the Mid-Continent Oil, Gas
x Refining Company includes over
one million acres of land and is loo
ated in the following counties: Col
fax, Mora, Union, Santa Fe, Berna-
lilo, Torrance, Guadalupe, De Baca,
Quay, Curry, Socorro, Sierra, Dona
Ana, Lincoln, Otero, Eddy and Lea
Other Holdings
Altogether the property Of the
Consolidated is scattered throughout
eight states, but the most valuable
OF its holdings are in Mexico where
its property is valued at over
Sl6,OOO,OOO. In Texas it has, nearly
S4,COONO, in Oklahoma over $1,000
600, in Arkansas, Wyoming and Ken
tuCky about one hall million each,
with smaller holdings in louisiana,
Wyoming and Tennessee. The to-
tai valuations placed on the Con-
soiidated holdings by experts being
$25,5l7, 80, but the incorporation be-
ing Tor S2OOO00, its stock will be
worth considerably above par from
L.G very beginning.
10000 Acres in Texas
The Texas Oil Ledger says. In
Texas alone this Consolidation will!
control OOOJ0 acres OF valuable lease
holdings, besides'many valuable hold
ings in other states. In addition
the company has production in the
mid-continent fields and the gusher
section OF Mexico. 1t owns and op-
crates thirty five miles of pipe lines
and three large refineries."
The new company is one of the
largest amalgamations of producing
companies ever formed"
"A series of amalgamations and
consultations covering a period of
several years and including some of
the best producing Properties in the
country resulted in the final consoli-
daton as herein announced. This be-
gan with the formation by Mr.. Means
of the Dallas Leasing Syndicate,
later the Dallas Petroleum, Oil &
Gas Association was formed and in
turn was bought by the Trinity River
Oil Company. Later Mr.. Means or
ganized the Wall Street Syndicate,
then the Consolidated Texas Produc-
ing Company, the latter firm taking
over the 100000 Inspiration Oil
and Refining Company, which owned
the Producers Oil and Refining Com
pany, operating twenty wells"
Interests in the Northeastern New
Mexico Oil Company were then taxi
en- over and properties held by Chas.
White and B. c. Warlick of Tam
pico. in the best producing Mexican
fields. The Keller interests alone
which are brought into the consolid-
alton are valued at over 100000 and
the Kellers will be actively associat-
ed with the new organization"
New Mexicans Interested
Ex-Lieutenant Governor B. F.
Pankey of Santa Fe, and s. Floersh-
elm of Roy will be New Mexico
directors and Chas. F. Grey, of Os-
-uro, who is the state representative
from Lincoln county, will be the New '
NJ exico manager. 4
Incorporation will be made in the
state of Delaware and compliance
with the laws of every state in which
he Consolidated has property will be
fled with the several Corporation I
|
Several big deals for more New {
Mexico property are being consider t