The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-02-14
Rosana Petroleum Corp,
National Exploration and
Eddystone OIL Company
Combine Without n Hitch

The Roxana Petroleum corpor-
alton yesterday assumed the entire
management Of the properties OF the
national Exploration corporation
and the Eddystone OIL corporation;
and II there is any great harm done
nv the new combination, It has so
far failed to materialize, and that
IN spite of all the dire predictions
NJ ealamlties that have so frequently
heen INDUCED In by a class of in
afyiduAls and newspapers, which
would, in the language OF a decade
aso. be called 'Jingoes."
IL Is the combination of what has
frequently been referred to as the
foreign INVASION" and the British
domination of the oil Industry" and
n there is anything very sinister
about It Il should develop very
quickly, as up TO now the only bad
frequently been referred TO as the
feature is that there will be a bunch
Of people without a job; and this
on TOP OF quite q considerable army
OF unemployed. This feature is in
deed bad.
II is interesting to note that while
the holding company, now called
the Shell Union Oil corporation. has
obtalnes control, giving 1t about 3
per cent of the total oil production
OF the United States; here in Okla
homa the Roxana Petroleum corpor-
alton, owing TO its good record, has
been left In control and will operate
under Its own name. 1t Is a great
credit TO J. w. (Jack) Bates. gem
sral field superintendent Of the Rox-
ana interests and head OF that COM
al hAN a
production just taken over Is given
into his keeping, and beyond a
doubt Mr.. Bates Is fully capable of
handling II all and a lot more in a
good business-like way and that Is
Of course ali that could be asked OF
anyone.
Out in California there has been
quite a storm raised, because IL was
reported that the Dutch Shell had
taken eyer the control OF the Union
Oil company of California, which
report turned out to be a fluke and
II, as the California OIL World states.
tho Dutch Shell should ever obtain
control OF the Union OF California,
II would be time to make q fuss,
but until then the possibility OF this
happening seems to be very remote
indeed.
The Roxana will have an added
production OF $500 to 5000 berrels
daily from the National Exploration
corporation, there being something
like $50 barrels in the Usage, most
Of which is IN the Burbank pool. In
addition to this there Is q quarter
section with an S00-barrel producer
Just brought in east OF Burbank.
There Is also a half interest recently
acquired from the Marland people
In what Is known as the Comar Oh
company, with one big. well in the
Tonkawa pool and thousands of
acres OF very likely looking acreage
In the vicinity of Ponca City; then
there is the rich holdings OF the
Wolverine OIL company. recently ac-
CURED, most of which is In the Hew-
III field, and together with much
production and acreage controlled
by the Eddystone and National En-
ploration corporations in the Slick,
Bristow, Haskell and Duncan fields,
and In California.
Tho Roxana pipeline from the
Mid-Continent field to its refinery
a Wood River, north OF East st.
Louis. is likely 20 be used to its full
capacity and that shortly. IL has
. already made connections at Hewitt
and will soon have It's lines laid into
the Tonkawa field. The big play
made by the promoters of the Ma
uonal Exploration corporation,
which has been played TO the end OF
the string. will go down in history
"a being one OF the most successful
Promotion schemes ever pulled of
In the history OF the oil industry. Its
owners have every reason to con-
gratulate themselves and have
doubtless profired greatly by reason
q the merger made with the Dutch
shell, thus giving them a fine bunch
OK highly thought of and easily ne
souable stock, which they can
either retain or dispose of at theiI
own pleasure.
The Roxana has been good
nelghbor, has paid in cash for much
tood acreage and IL the time should
come thar 1t would become a pur'
chaser OF crude oil 1t would be
welcome In that direction also.