The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-09-18
Ererywhere in Oil Industry
Are Signs of Return to Era
of Great Property

When great oil organizations make
rI9ns for pipeline extensions, refIn-
nv enlargements and acquisition OF
additional producing properties, II
would appear that the greatest
minds in the oil industry are pre-
uarlng for an era OF prosperity
ind they ere backing Il mp with the
Investment OF millions of dollars.
Most significant, perhaps, of all
the news is the s25.000,000 bond IS
sue announced a few days ago by
tho sinclair pipe Limo company,
,,bIch Is owned share and share
alike by the Sinclair interests and
the standard OH company OF In
diana. Officials OF this company
have stated that this money is to be
expended IN the looping OF its line
from Drumright. Okla, to Whiting,
Ind with n view to practically dou-
bling It's capacity, the eventual lay
ing of a line from Wyoming to
junction at Kansas City with the
present system, the building or an
& and l0-inch line from Mexia 70
Houston and the extending into new
producing areas OF lines already m
existence.
The Humphreys oil Inter
asts recently have laid line from
tlexla TO the Gulf coast and now are
rushing IN extension into the re-
Gently discovered Kosse territory.
V. r. Witch Of the National
Refining company has returned TO
Tulsa with the news that his COM
panv will start work at once on
Wines from the refinery at Coffey-
Vile Kan, to the fields OF Butler
county Kansas and to the Burband
p0ol in Usage county, Oklahoma
The Empire Gas e Fuel Co.
IS reported again 10 he contemplat-
ing the laying OF line 70 connect
its present line, which extends into
Logan county, with Oklahoma city.
large mileage OF line pine Is re-
p0rfcd TO have been assembled IN
the yard OF the Empires refinery nj
oklahoma City. The Empire recently
has expended something like Sl,s0O,-
OOO on It's refinery nj Ponca City.
During the post year the plant or
the oklahoma Producing & Refining
Corp. at MuskoEee has been practi-
cauy rebuilt. until this oldest ro-
flnery In Oklahoma now can he
cIassed as among the most modern.
only a snort time ago the Pure OIL
comnanv's big plant at Ardmore re-
sumed operations after having been
idle for several months-and so II
goes.
Not a day passes without a report
that some of the big oil organiza..
tons have their eyes on some. OF
The Independent companies. Cosden,
Pure oil. Producers e. Refiners and
many others have been the subject
81 these rumors. Not so many
months ago the Royal Dutch inter-
ests took control OF the Comar on
company. The same interests also
took over the National Exploration.
which controlled the prosperous old
Wolverine company. The Empire
only n short time ago took over a
valuable group OF Texas producing
properties From Oklahoma City
saturday came news that the Col
cord interests have consum mated
the merging OF some 10 companies
with the old North American OH q
Refining company g a nucleaus.
II waa common talk some weeks
ngO that the Standard Of Indiana
was angling for control OF the Gull
Oh corporation, but this apparently
has fallen through and the belief
prevails generally that the indiana
corporation still is on the LOOKOUT FOR
valuable groups Of producing. prop
crties-apparently believing that at
no time In the future will the situa'
tion be more propiuous for such
step as right now.
Taking II all in all, when mergers
and expansions are being made. u
means that the leaders OF the indus
try concerned, as well as the finan'
ciers who supply the capital for the
operations, believe that some sub
stantial money is 10 be made from
! the transactions. II Is bullish news