Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-16
5 PCT. PAID
BY STEVENSON
ON ROYALTIES
Company Announces First
Dividend From Field
Earnings.

A dividend Of five per cent. the
opening oi & series of dividends or a
monthly basis. was announced Friday
for January by the Stevenson Asso-
ciated Royalties company. 1t is the
first dividend paid BY a royalty com
| pany in the Kevin-SGnburt field, and
the first from oil actually produced
The dividend will be paid February
Is for January to all stockholders of
| record January 81. The company is
capitalized at $250,O00 and the five
per cent dividend will mean the pay
ment of $4,000 to the 800 stockhold-
ers in the company.
In announcing the dividend, /. G.
Stevenson, president of the company.
emphasized that this is made directly
| from earnings of the company and
not from the sale of any leases or roy
atty interests.
was organized about 10 months ago.
Financing was completed shortly after
| the Sunburst Oil e. Gas company's well
had come in, the royalty company's
holdings being largely in acreage held
by the operating company as well as
other leases. The stockholders are
in virtually every state in the union.
many Of them being in Montana. while
others are associates of +. G. Elder of
the Day-Elder Motor company in the
east.
Officers Of the company are: L. G.
Stevenson, president; DR.. Henry Beau
| pre-, vice president; J.. H. Stevenson,
secretary-treasurer; c. V. Bovard and
Homer C. Murphy, with the other Of
f~icers, are the board of directors.
In making the announcement. the
| company reported that it holds royal
ties from one to 1919 per cent on 20
600 acres; and that of the Sunburst
Consolidated Royalties company. from
one to 1919 per cen in 55,240 acres.
Only one other large royalty company.
the MISUNDERSTANDING, controlled by
Charles Orchard Of Denver, is in the
field.
The Stevenson Associated Royalties
ia interested in virtually all Of the
| Sunburst wells in the field. as well
as several of the other large pro-
ducers. 1t has 11Ia per cent interest
in the Mid-northern well on the Daw-
son-Merkle well, interests in the Sun
burst-kearns' well and through a large
part Of the field.
4 part of the announcement is a
list of active companies IN the field
with the acreage held by each. The
list Includes: Black Magic company,
$50 acres; California company, To-
900 acres; Garter Oil company. 5000
acres; Campbell syndicate. 10000
acres; Franklin Oil company, 100
acres: Kalispell- Kelvin company. 1000
acres; Hager-Stevenson Oil company,
1880 acres; Mid-Northern Oil com
pany. 5000 acres; Ohio Oil company.
10000 acres; Gypsy Oil company, 90
900 acres: Gladys Belle Oil company,
| $40 acres: Homestake Oil company,
and Homestake Exploration. $500
acres; 7. S. Hogan and associates,
2.OGO acres; Shaffer Oil company. 800
acres; Sunburst Oil & Gas, $4,000
acres; Troy-Sweetgrass Oil company,
10000 acres; Tbree-in-one syndicate.
! 1000 acres; Texas Production com
pany, 1000 acres; Wait Oil company,
100 acres: Western Petroleum Explo-
ration company. 5000 acres; individn-
| ais and other small companies 10000
j acres. To these might be added the
/ a-Sweetgrass Oil " Gas, which
il n holder of extensive acreage in the
field.