Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-05-06
SOCONY-VACUUM

SOCONY- VACUUM
CONTINUED from Page Onel
and Keyin-Sunburst fields from oil
producing companies contracted t.
il as soon as arrangements can be
| completed for the handling of such
oil purchases.
Contract 81 Leases
Producers Refining company
holds contracts from individual pro-
ducers covering IS leases in the
Kevin-Sunburst and Cut Bank oil
fields and for the time being no
purchases will be made by this
company outside of these existing
contracts.
The Producers Refining company
Will maintain its main operating
and accounting office at Shelby,
Montana. and plans are now being
completed for the enlargement of
this office personnel and account
ing force to take care of the adj
ministration of the company's bust
ness
VIII Post Prices
The Producers Refining company
expect to announce the posting OF
field prices in both the Cut Bank
and Kevin-Sunburst fields at the
time of the commencement Of oil
deliveri s on purchase account by
il from its various contracted
leases
The Producers Refining company
was organized in March 1888 by
James w. Johnson Of shelby Mon
tana. who will continue in the man
agement of the company's affairs.
The officers and directors of this
company are
OFFICERS
James w Johnson President.
Chas n Wrighter Nice-Pres.
r. d Mountain. Treasurer.
G. c. Hoyt Secretary
r. Z. Syare Asst Secretary
DIRECTORS
James W. Johnson, Shelby, Mont
Chas n Wrighter, Kelvin, Mont
J. L, Hunt, Calgary, Alberta
c. O. Bohn. Shelby. Mont
o. A. Nepstad Ferdig, Mont
A. F Mechanic. Spokane, Wash.
G. r. Oien. Oilmont. Mont
Joe Oien, Cut Bank. Mont
VIM. Hanlon. Great Falls. Mont
The conclusion of this Produc-
rs-Socony-Glacier deal marks the
first entrance of a major company
into the Montana marketing field |
since the loss of the market for
Montana produced crude oil to |
other major companies in Canada |
during the year 1887, and it is ex-
Dected that this deal will have |
great influence in the stabiization |
Of the crude oil and refined oil
market in the Montana territory. |
SocOny Vacuum has been market |
ing its Wyoming produced products |
in the State of Montana for several !
years past. which market will now
be entirely supplied from Montana |
production. The present arrange |
ment provides for the marketing |
Of Independent small oil producers |
through a major COM
oanv's marketing channel exclus-
vely and will be the only arrange
nent of it's kind in effect in Mon
lana, insofar as Socony Vacuum Oil I
leading refined oil mar
keter for the United States. will de-
pend entirely upon independent
crude oil furnished by Producers
Refining company for its source of
refined oil materials.
This statement is authorized fol-
lowing the statement made by the
New York office of the Socony
Vacuum Oil company under date
of May End.
JAMES w. JOHNSON,
The statement made by Socony-
Vacuum at New York is as fol-
lows:
The Socony Vacuum Oil company
has completed arrangements with
the Producers Refining company and
the Glacier Production company to
use Montana crude oil in the manu- |
facture of products for sale in Mon
tana and vicinity. according to an
announcement made by Socony Of
ficials Tuesday.
The refinery being built by the
Glacier Production company at Cut
Bank is to be enlarged, and crude |
supplied by the, Producers Refining |
will be processed under |
the supervision of Socony Vacuum
engineers for the manufacture OF
Mobilgas and other Mobile prod
ucts, it was announced.
The arrangement covers a mini
mum period of five years, and a
minimum quantity of 1000 barrels
daily