The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-03-07
GiIIiiund OIL Company
Corrected By WdnB

Now that tho ttllllllnd ON CONS
pouy has production uf more than
10000 barrels per day in the
llaynosville, Lao pool alone. 70 ~
much sought after. boIug q menace
to the big interest as tho lndc-
pcndents nrc liable 10 acquire this
property, which would be sad
blow indeed, n is the largest single
IndoLrndcntiy-0 property ~ the
United state. and the ticker dope"
brings tho Information that some
one is figuring on buying Il while
the buying is good
This ~ not surprising In the ecast
and simply shows that tho hig nco-
pic have not entirely forgotten their
early lessons In the oil game, to-
wit; 10 take over nc any price a
property that appears TO be large
enough 10 constitute q menace, such
aa a tank farm fun Of oil would be
dangerous.
Tho Glrlland people are 20 be
congratulated on having Just this
that John Gilllland knew what he
was doing when he got into tho
game In the early DAYS at Haynes
villc, Just az he has known several
other times, aH for instance, at
Burkburnett, Texas, and at
Homer. La.
Mr.. Gnllland n naturally n little
1.-the best buyer OF acreage that haS
ever happened in this country, and
oven has II on our old friend "Billy'
! Kunkle. who has purchased moro
properties than any OF them, having
been the buyer for the Prairie for
many years, but Mr.. Kunkle's spc-
| ciplty IL buying property that IL do
] hR Tnn A.
as for instance when he bought Doe
| tor Webber's Amandy Wilson farm
In tho shallow field at Nowata,
which was "A wonderful buy and
which property has paid for Itself
! many times
But Mr.. Glliland has all OF tho
natural gifts that Mr.. hunkle ever
had, and In addition, IN right there
In figuring out the trend, and more
over will pay the price nnd Is a
good judge Rs To what constitutes a
fair price, Tor undevclopcd acreage
And then-when oil dropped from
93,60 TO 81 per barrel, and left Mr..
Gilliland with a tremendous opcrat.
Ing account TO take care OF, II was
tho natural thing 10 40, namely: To
SHIFT the burden onto some other
shoulders. ana let the other fellow
do the worrying And this Is cN-
aCtly what he did.
u seems Ike Divine Providence
that takes care OF good mon, when II
comes to a crisis iu this world, that
Col. Pat Hurley ana his associates
were right here To assume tho bur
den and responsibility, and that tho
GnlilAnd stock, which IL now S9,5l
or about that, on the market, which
speaks louder than words. IL. more
over, tho only stock that has MAD,
any sort Of "a phenomenal rise since
tho war. lt was sold at about 81
] shortly after the receivers were Hp
pointed. and many very wise specu
lntors could be quoted right now
as saying Il was too high at that.
Col. Fat Hurley could easily h,
: elected on the board OF directors o.
! tho Standard OIL company aftoi
! making the record no has made, bu
tho chances are no will be righ
with us until the end OF the chap,
ter. llo could organize "A company
! OF his own and finance u over night
and that right here In Tulsa wher,
a mans ability Is absolutely wei
known ana his character ana rcpu
! tation an open book.
! IL ia quito a matter OF interest Rl
: to just who gets this property, if d
should be sold, and hcrc's hoping
that II remains I'm the present man
agement, ana produces "stecn' mil
lion barrels OF oil Tor the stock
holders, and that eventually Il Il
: combined into n great producing ant
refining proposition, and being N
"A country whero tho railroads worl
with the rcflncrs, II Ought 10 LAY
big dividends