Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-07-21
BULLETIN 2I5
To OOners Of Royalty on Crown Butte Structure

thrust fault a point where the shales have been
snerrsd BY an earth movement and IN this instance LEFT the
ton should have been than 1900 feet thick
POO feet thick which that it not horizontal
Western Petroleum Exploration company drilled two
well Grown Butte In 1922 before the discovery Of oil
Northern Montana when the Blackeaf member Of the
Colorado believed the only probable producing hor
Western PetX spent half million dollars this falcious
theory When they any red shale the bit that
at around 200 feet when another 400 500 feet of drilling
was necessary to reach any probable producing horizon
Whereas odtme biologists staked their regulations the
statement that drop Of oil would be found below the red
beds they beed by about forty million dollars
Of oil produced in Northern Montana ALL below the red beds
At Same time goologsss ready
.s ss.sn stake their ssPo.a s On hsis ss
lms-9ltaoush the principal Pssausing horizons
SON lime IN the days Of the Western Pe-x the
lime Madison : 'stop" signal. Eas9y
nsPs dOlass has been buried In te top Of 1s
these gs0ogss.
sss W do not know how the stockholders of Piegan
Oil company Jared in this instance We know the stock
holders of PetX shared They their money and took
their loss Their leases are all wiped out If Chamberlain
brings in the biggest oil field in the worda second Spnde
topit viii pay the PeX marry nicke On the other hand
the landowners share of the oil remains the The
who owned percent royalty 16O then still has his
cent If that cent represents 100 100000
barrels recoverable OIL win 1OO
600 barrels Of oil whenever brought to the surface of
the ground
The investor who had his money in the leases merely con
rbuted the fund of geological information and thereby
sons oil N STORAGE received deed e It
With good title, he doesn't how dry holes
drilled Whenever FINDS oil on his land and
takes 100 barrels out Of the ground that someone will de-
liver 1919 barrels of it to the landowner has assigns
partners you please Each viii receive amount
pOOnae his fractional share of the total Zoo cent
Of the oil
Many of thought Crown Butte royalty washed
upOst We knew positively in minds that the Pet
wells meant nothing more than # schoolboy dug play
well two 1t does good to drill 1000 feet than to
dig feet in the search for oil Grown Butte At the
time knew that the Pegan well meant nothing. Few
people faith enough drill second well under the cir
cumsancs Ask the average about Crown
drilled the deepest of which 2767 feet which is deep
enough Members Of this organization who have read this
mention the several previous publications Crown
Butte-know that such is not the case
This is one of the beauties" Of buying wildcat
royalties The who gets all excited about the wsite
any other royalty within closing contours foolish in
estimation It in Cat Creek it not Pondera
and was not in kevin-and so on The investor who makes
his money the most ground wildcat is the long
run, the wisest
We example Of this in current
RublAcatiCn this week ON the Waller area Of Cut
beyond . within a
aide distance q the Bar1nac test sOuah Ont
bought for the least money Bat IN al probability
roSsSy who WIN cry bsesas ed they have to take
far superior 20 the wsisits.
1t would now appear that the worst accordingly
the cheapest ROYALTY we bought on Grown the
The top" royalties with CORRESPONDENCE high prices
likely dsproven by the fault condition, and the worst
royalties far enough away from the fault to get accumulation
may be producers
$500 We have no royalties offer Crown Butte
excepting through the resale department We have no Crown
sngs and request that who wishes to sen part
of his holdings win list them with Grown Butte is