The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-06-24

Outlook Good for Oklahoma
COMPANIES

Companies
While Mexican Petroleum stock r.
soaring sky high on the stock cN-
change and ls being Investigated by
the mcmbcrs OF tho board OF diTcc-
tors 10 see II thcru rs anything
crooked about the manipulation OF
this stock, it ls iut"ros'iug TO note
that here in oklahoma where no
special fnyurs are asked or given
that oil men and corporations are
getting along nicely and are building
W "A great production against tho
day when there viii be- a great
shortage Of oii duo to tho great In
crease in consumption.
The oil business Is conducted by
optlmiNs. The man who has not
the natural born optimistic nature
had best stay out OF 1t ana try some
thing else tor u livelihood. II is a
fact that oil is not like the ever re-
curing crops OF the farmers who are
getting better crops than ihcy nope
for nine times out ten. because oil
when once taken from the ground, is
not found again.
The optimistic oil man knows that
the future holds better prices In
store for him because there are
drained at the present moment that
will never furnish slush production
again and then there Ia the danger
OF dry weather shutting down drill
Ing operations and this danger is "A
real menace. There are reports
coming IN of wells waiting on water
that might otherwise be completed
AID when 1t Is taken into considera-
tion that we have had our pro rata
OF rain for this season, II Is only
fair to believe that from now on 1t
is going to be n difficult matter to
flood the market with new oil.
In the meantime, most or the
major companies are well prepared
to keep things going as for instance.
the Skelly OIL company has between
5000 and 10000 barrels production
and II Is being carefully operated
by men who know the game from
many long years OF experience.
The fact that Marland Oil declared
a dividend the other day, is notice to
the wide world that II is In financial
condition and as everybody knows Ia
enc concern that has plenty OF Off
sets that can be drilled at any time
when the large stock OF oil in storage
begins TO show signs OF diminishing.
IL Is a great favorite among men
who know the game.
The Producers d Refiners with It's
newly acquired marketing stations
Is doing bIsines to the full capacity
OF Its refinery and Is looked upon as
having pulled off one of the best
deals ever made In the Mid-Contl-
nent field when 1t took over tho
Lyons Petroleum company with It's
vast acreage well inside the proven
area OF the oil country. 1t should
L.. -. 4,
pipeline, refinery, filling station and
highgrade oil.
The Gladys Belle IL one OF the
brightest of the bunch when II comes
TO knowing "A good thing when II Ii
put up to its management and there
are but few concerns in tho country
but would envy 1t in Its holdings in
Montana where II has many thous-
and acres on likely looking struc-
ture, and near well that opens a
brand new pool. In the meantime,
the Gladys Belle Ia bringing them In
with great regularity.
The Oklahoma Producing & Re
fining Corp, which Is one OF
the concerns that is In the top class
among oil corporations which means
that IL is one OF the stocks that you
would recommend your mother tc
buy Is In fine strategic position on
account OF It's having taken over the
production of the Oklahoma Contra
with It's close-in acreage and with III
wells just being completed. II Is d
reliable concern II there Is anl
meaning to the word reliability"
The Sinclair people have accom-
plished great deal Of late and hav,
built up better refining and mar
ketlng business, which OF course is tn
money end OF the business. Sinclai
tillng stations are crowded every
where, which speaks volumes for tn
management OF the sales depart
ment. The main feature of the Sin
clair organization Is the fact that
owns a half interest In millions o
barrels OF oil In storage and thi
too with about 600.000,000 barrel
OF oil in the Teapot dome (esti
mated) which can be brought to tn
ulfaCe as fast as needed. 1t ls
much better bet, this operating 4
the u. S. "A. than In Mexico,
The Doherty interests are startin
on the right plan by building pipe
lines in oklahoma at a time whe
the going is good, rather than walt
Ing until the new pools have becom
exhausted and Il Is a foregone con
cluslon that when the Empires fu
plans are known they Will attraC
the attention and admiration OF ev
erybody In the country. The Empir
Is still alive to the fact that ther
Is a day coming when oil will b
worth a lot more money and bet
ter market for fuel oil and ever
other by-product OF petroleum.
Cosden & CO., as everybody know
is refining nearly 10000 barrels {
crude oil every day In the week an
has sold It's fuel oil, what little ther
is left after operating the nbricai
ing end and its recent strong nd
vance In the market Is not only de
served but is an illustration of IN
fact that Oklahoma is the place I
play the game.
There are many more among tn
oil men and corporations who al