Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-09-14

Without answering the question we
point to a second purchase we made,
also on the West bank of this prehistoric
river 1t is known as the Barkuloo farm
and is located in Section 3335N-SW. We
bought this farm pretty cheaply because
1t was then considered condemned" ter
ritory We did not buy it because 1t was
cheap and not because we felt lucky but
because we felt that there is crack or
ship in the limestone which made pos
sable the strange miracle of accumulation
of sweet oil at the top of the Madi-
son lime, where either sulphur oil or
sulphur water was thought foregone
conclusion.
We have waited long time for de-
velopment to come to the vicinity of
the Barkuloo farm. We have had oppor-
tunities to lease it but we have refused
to make any kind of a lease that did not
carry with it a program of development
such as obtained on the Davidson farm.
Today the group which purchased the
Barkuloo own not only the landowners
share but they own ALL of the oil rights
So imagine our elation this
week when Henry Vanderpas,
Rimrock pool producer, brought
in a we'll across 40 acres from
our Barkuloo farm, with an mi
tial production of TWELVE
BARRELS PER HOUR-at
the rate of $50 barrels per day or
more.
We believe that as drilling progresses
EASTWARD from the Vanderpas-Thumm
No. we'll, (the big producer just COM
pleted), the wells will grow larger un-
til the fault (crack or fracture) is en-
countered. Watch our prophecy that as
drilling proceeds eastward, the gravity
Of the oil will be increasingly higher. That
was the case in the Dahlquist pool mile
north. Our Davidson we'll has AZ grav-
ity oil-the highest gravity oil in the
district. Highest gravity oil will be found
closest to the fault-crack-fracture along
which the Milk River worked dts way
across the flat prairies in prehistoric
times. Our Barkuloo farm is, like the
Davidson, right on the West bank of the
old Milk river channel.
In due course of time we will find
an operator who shares our view and
who will drill not one but several wells
and will find steady market for this
high gravity crude. There should be no
difficulty from now on. The wells in this
high gravity pool are around 1900 to
1900 feet deep, as against $500 to 5000
feet in Cut Bank. The average initial
of wells in this pool are higher than
the average initial in Cut Bank The
gravity and quality of the oil in this
pool is higher than Cut Bank crude. 1t
is highly desirable territory for good OPP
orator who understand lime production
methods.
We sometimes say that certain of our
members are LUCKY and in turn UN-
LUCKY but on final analysis we find
that the lucky ones are those who adopt
a well reasoned plan of action and adj
here to it. Better heads than ours make
the discoveries-Eke Fulton's theory of
this high gravity pool-and it is up to
the investor to capitalize these theories.
1t is too late to capitalize the theory
of the high gravity pool. The royalty
bargains have been at an end for these
many years Low-priced royalties are
the ones which make fortunes and for
tunes are not left laying around after
1001barrel wells come in.
The intelligent investor who would
capitalize this situation will search the
records and find another spot where sim
liar conditions exist and where there is
no more drilling activity than there was
in the high gravity pool when we bought
the Davidson and Barkuloo farms.
Such opportunities exist-plenty of
them. But it takes more than LUCK to
capitalize them.
Friday the Thirteenth is like every
other day and every day is a lucky day
10 the royalty investor who Will add in
telligent study to his choice of invest
ments.