Every evening, Wilmington daily commercial., 1922-02-02
MENA OIL KING HAS
/ 536,OOO,0OO INCOME.
Col. Humphreys Ready 70 Lend
John b. and Henry T. Money
II They Need Il.

John D. and Henry F. Money
II They Need Il.
Msxia, Tex, Feb. 2.---Col A. r.
Humphreys promises TO give John ID.
Rockefeller and Henry Ford q run
for their money The Colonel, u
year ago needing money to develop
his first we'll, Ia now getting An I'M
come OF e38, 0O0, 600 yearly, and hasn't
reached his limit
The Humphreys interests in tho
Mexia oil field today arc producing
at the rate Of nearly four times the
amount Of crude daily that is being
produced by the entire State Of Penn
syvania. -.
The United States Gcolod lal Sur
vey for October gave Pennsylvania .
production for tho month a. $4,000
barrels, or a total OF about 100000
barrels for the year 1921.
According to Col. Humphreys "thc
oil actually run, to storage and the
tank car shipments from his com
pany for the twcnty-four hours end
ing at. 7 o'clock one morning recently
amounted TO 6O,70O barrels, or a rata
OF mdfe than $4,000, 600 barrels yearly
During this month the Humphreys
companies will produce in the neigh
borhood Of 1000, 600 barrels OF crude
The potential production today y
greatly in excess Of the amount OF
oil actually moved.
"Within sixty days the company's
production" said Col. Humphreys
''should be above 1900 barrels daily
1.-THE oil actually moved from olI
wells for every day Of the. new yeal
has been above $4,000 barrels and thu
has been with number OF our inside
producing wells pnchcd in.
"The income for the Humphreys in
tcrests today is mt rate OF approx
imately 100000 every twcnty-fou
hours, or more than 81, 900, 900 ever,
thirty days, and this is more thai
500, DOC, 900 yearly"
In order to more fully realize jus
what tremendous income this Is Jus
imagine that for each hour OF tn
night and day you were receivln
$4,000, which is more than 500 ever.
minute.
! With an income like this, do yo'
blame the Colonel, for taking fey
! weeks off on trip to Cuba, the Pan
( anna Canal and q fishing trip on tn
: coast Of FloridaY
: He has accomplished or developc
. all this income within the short spac
of twelve months.
: A year ago now the Colonel wa
: bending his energy and that OF IN
then small organization in the secu
ing of leases covering the structuI
on which he is now getting this lare
production. His work was so ~
done that today, as this structure
' being defined by the bit OF the dril
he owns more than so per cent {
the producing area OF the Mex,a he'll
. Ftom the business side OF the pr
ducing end OF the oil industry Il
: important thing is that OF khowir
: in advance just what you may .expe'
), in the way Of price for the crude pr
= duccd.
This Colonel Humphreys has f1s
to the extent OF $4,000 900 barre
+ which he sold to the Standard intercs
and the Sinclair interests at a IKE
l. price of 81. 50 barrel which Will amour
e to almost 1000, 900 at the preseI
. rate Of production this year.
a In addition to the 5000, 900 barre
e sold TO the Standard interests, u
Colonel has contracted to deliver to Il
u Pure Oil Company maximum OF 2o,O'
IT barrels daily, which gives an addition
. output for more than 100000 barre
d Of crude for this year, and it's all at
price to be not less than $l.5O q barn
e And preparations are under way
Is care for this oil. The Prairie Oil al
h Gas Company, the Sinclair Crude {
B. Purchasing agency and-the Humphre
Pure Oil Pipe Line Company have und
n, construction tankage which, when col
IN pleted, will store moro than 10000
A. barrels of crude. The Pure Oil Compal
is shipping by tank car to the G'
Coast an average daily of Z $50
barrels where it is loaded in tank
and shipped by water to Marcus Hoo
Pa, and there put in storage.
to Col. A. +. Humphreys has public
announced that he will devote I
n millions he makes from his wells
n the work Of the Master Humphre
O. has twenty-five producing wells, a
70 as many more he will bring in as SO
~ as pipe lines reach here. Oil N
= say Humphreys could cash in his
40 properties for S70,OOO,O0O. The Colo
- q few days ago said that when serious
a, i'll in Denver twelve years ago he s
= down upon his knees and told the LIZ
- if his life were spared he would use
nc the money he made in religious wo
The Colonel already has a chain
:. missions in West Virginia, Ohio a
ne Indiana and has donated big sums
Ie churches and libraries.
~ When Humphreys was twenty-sey
al years old he failed for $500, 900,
as paid it back and years later fos
eo himself broke, owing 81 100000.
lis paid this back just before coming
Texas. He kept drilling for oil
Mexia when citizens laughed up II
sleeves at his efforts. The field !
q, be Texass largest for when the l
Cr of the wells are brought in the ?
duction will reach 200, barrels da