The Washington times., 1921-11-03

ployed In Transporting products, but.
although thsy ~ the AineilsAA Ns-s
and belong TO an American company
OF which the majority Of directors are
Americans, they are not permitted 70
take part In coast trade on the srouho
that less than rs per cent OF the
shares are held by American citizens'
MID D-CONTINENT-"Dur 1890
the Roxana Petroleum Corporation
acquired additional new exploration
territory In different States. while
some unpromising plots were sur.
rendered. Production was obtained
from two fields In. North Central
Texas. while, thanks 20 the Jennings
considerably increased. New, but 30
far comparatively small. production
was also obtained In Oklahoma from
exploration territory.
Tremendous Output.
"The total crude oil production
In 1920 amounted TO 3,627 900 barrels.
as against 2.20s,0 900 barrels In 1913.
The pipe line business developed
satisfactorily. A new line about
thirty miles long was laid from
Waurika TO Healdton In connection
with the present pipe line system.
"There war transported by the pipe
lines during 1920 (a) l.ls4, 500 barrels
by the new pipe line, exclusively for
third parties; o. from Healdton 10
Gushing Q26 miles,, $500 900 barrels.
against 2.573,0OO barrels in 1919, OF
which / ,408 500 barrels in 1920 were
for third parties; tc) from Gushing TO
st. Louis (428 miles,, 100000 barrels.
against 4,S49 900 barrels in 1919, OF
which 2.067. 900 and 2.l73,0OO barrels
..zVyt ValxV 10 tZt
panies. The largo extension OF the
refinery at st. Louis has been COM
pleted. During the year S17S,5O0
barrels OF crude oil were treated.
1.-The Roxana had also during this
year to encounter difficulties result.
ing from the war, but, thanks TO the
improved production and the higher
prices OF oil during the greater part
of the year, tho results were very
satisfactory. The refinery OF the
New Orleans Refining Company, at
New Orleans, which was completed
In 1920. treated 597,0 900 barrels OF
Mexican crude oil. The plant is now
being extended. For the transport
OF it's products 900 tank cars were
purchased"
british Shelf Grows.
Recently / learned. with misgiving.
OF the purchase by the British
Shell" of the large Union Oil
group" A resolution was intro
duccd in the United States Senate
month ago directing the Federal
trade commission to inform the Sen
ate respecting the interrelation OF
she Union Oil Company, of Della.
ware; the Union Oil Company. OF
California, and the Shell Oil Com
pany. OF California, and of prospec-
tive purchases of oil lands by cor
porations of foreign ownership.
One interested in the welfare and
safety of the United States must
look upon such a transaction with
misgiving, because the Union oil
group Is one of the largest oil pro-
ducers in the United States, and its
acquisition gives the British virtual
control of the oil situation on the
Pacific seaboard of the United States,
which, In view OF the situation
already stated. would be against the
best interests of the United States.
The Union Oil Company. of Cali
fornia. is one of the oldest oil com
panies. having been incorporated on
October II, 1890. Its extensive hold
ings, production and equipment, sum-
ndrlzeu, are as lOiIO"s.
HOLDINGS-The principal addi-
tions to oil lands in 1920 consisted Of
$500 acres of oil shale territory in
Colorado and 4,955 acres OF leases IN
Western and Niobrara counties. Wyo.
1897 acres In Kenry county, and about
! 900 acres in the new Huntington
Beach field. Land holdings on Decem-
Der 81, 1920. were: California. 2l2.-
s.7161; Colorado. $3.50; Mexico. 16,iO7.
In Mexico. the company in February
was drilling one well in the AmatiIn
district and one in the Zacamixtle
field
Grip On Pipe Lines.
On December 81. 1920. the company
owned 425 miles of trunk pipe lines
and 315 miles of gathering lines. and
crude and refined storage OF 19,l50.0
barrels. The normal capacity of the
pipe lines Is $4,000 barrels daily. On
February Z, 1921, the company had
fifty-six strings of tools in operation
in California, Texas, Wyoming ani
Mexico. On January "a. 1921, the new
IL 2,000ton tanker Montebello was
launched, and on March 8 the sister
ship La Placentia. Through additions
the refining capacity was increased
in 1920 to $4,000 barrels daily.
CRUDE PRODUCTION in California
in 1920 was 1851. 1908 barrels, as
against S,705,44 in 1919. Forty.four
wells were brought in with a total
settled production Of $500 barrels d
day. In addition, on August 7, 1920.
on lot ia, Chinampa district, Mexico,
the company's first well in that coun-
try was brought in. On October 81,
1920, on the same lot, a second well
was brought in.
Observation-Disclosures owned
by the company includes 404 tank cars,
799 auto trucks, 275 domestic and for
eign stations in service and 103 service
stations.
RESUME OF OPERATIONS-The
company, since Its organization in
1890, has realized a remarkable growth
and profitable career in all phases Of
the petroleum industry, until today 1t
is one of the best established oil com
panies in the country, being second
only to the Standard Oil Company OF
California as q producer, refiner. and
marketer of petroleum.
How Monopoly Works.
The Union Oil News, house organ