The Kevin courier. [volume] (Kevin, Mont.) 1922-1922, 1922-07-19
Homestake Joined by
Texas Pacific Oil Co.
Importance of Kelvin Sunburst Oil
Field Emphasized by Addition of
Capital and Men to Ohio Competitor
Here.

A merger having more than ordi
nary significance to all interested i
the future of the oil field here wa
that consummated during the pas
week between the Homestake Explor
alton corporation of Great Falls ant
the Texas-Pacific Coal & Oil compan,
a strong Independent company O.
Texas. 1t marks the entry Of another
big concern into the Kevin-Sunbursf
area and Montana and indicates tina
the competition over acreage anC
production between the Ohio Oil com
pany and the Homestake is to be met
by the latter company on a large
scale. Litigation over a lease in
section 8, township 35, range 2 west,
where the Homestake No. l we'll is
neal the sands and where the Ohio's
first well is being drilled to the deeper
strata, and a suit over other acreage
in this vicinity, was a heritage taken
over by the Ohio company when it
made the big deal with the ~sun5rrst
Oil & Gas Co. 1t was then predicted
by experienced oil men that it would
not only be a battle in the courts but
that the Ohio could put up a string
of derricks clear around the half sec
ton in particular dispute and offset
until the smaller company might have
to compromise. With the additional
backing of the big Texas independent
the Homestake may now meet we'll for
well in the field and lawyer for lawyer
in the courts with the Ohio.
An account of the details of the
merger was given the press at Great
Falls, a summary of which follows:
The board of directors was increas-
ed and among those whose names
We're added to the board of directors
of the Great Falls company were J..
Roby Penn, known to oil men as one
of the most able oil operating execu-
tives and presidents of the Texas and
E. ]. Marston, son of E. L. Marston,
New York financier.
The acquiring of an interest by the
Texas company in the Homestake Elk
ploration marks the entry of that
company into the northwest field.
Having made this arrangement, it will
not itself now take any part of its
own in the northwest, turning its in
fluence in this area to the Homestake
Exploration.
Chief Operations in Texas
Mr.. Penn, accompanied by Mr..
Marston were in Great Falls a few
weeks ago on a visit to the northern
fields in the interest Of their organi-
zation and the preliminaries of the
arrangements were made then. They
we're closed on a recent eastern visit
~ julius C. Peters, president, when
he plan was carried before the De-
,roit interests in the company. The
Texas company's chief operations are
n Texas fields having opened the
Ranger field.
The interests of the Homestake Ex-
)loration now include 1890 acres in
he Kevin-Sunburst field, where the
.ompany is now drilling two wells,
he first an offset to the Sunburst
PRODUCER, in section 1852 west, now
.onsidered a certain producer, and the
econd in section 26-35-2 west, and in
erests at Browning where it's well is
.ow down more than 1900 feet.
The Exploration company had prev
been backed by Detroit capital
SITS including C. Harold Wills of the
Vills-St. Claire Motor company,
rank D. Book, treasurer of that
ompany; A. E. Holton, H. L. Wads-
-orth, president of the Worth Cigar
ompany and vice president of the
1adsworth Campbell Box company;
nd P. J. Orthwein, a manufacturer of
t. Louis.
In Enviable Position, Says Peters
Officers elected at the meeting of
lie directors were: julius C. Peters,,
resident; E. B. Coolidge of Lewis
,wn, vice president; Frank D. Book,
etroit, vice president; Leroy Smith
Great Falls, treasurer; E. R. Lar
N of Great Falls, secretary. The
rectors present were: Mr.. Peters,,
na41.-l uo,lA.I W Dill