Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1940-02-24

Montana has rail rates out of its refin-
ing centers westward into the Inland
Empire and eastward into the Dakotas.
Montana refiners are closer to the Inland
Empire than competing California refin-
ers by 1000 miles. Montana refiners
are closer to the Dakotas than the near
est competitors of the Midcontnent by
more than 500 miles. Montana now COM
mands a natural trade territory that
has heretofore been the "hinterland" or
dumping ground Of other groups. Ger
tain it is that Montana refiners will
entrench themselves with the advantage
of the rates which make it possible for
them to honestly compete in their own
natural trade territory which extends
across a thousand miles, east and west.
That establishes the Montana industry
as something of permanence. At the
same time, ii makes a barrel of under
ground oil more valuable than ever be-
fore. Fortunate is the man who has
oil in underground storage. He can
safely guess that it will be produced at
an increasing rate. Undeveloped ground
in proven fields must be drilled out to
maintain a supply for the refiners.
The investor who has bought land
owners royalties is the owner of oil in
underground storage. when the royalties
are situated on known oil structures
The owner of royalty knows today that
his oil is likely to GROW in value, thanks
to the fact that a scarcity of oil is likely
to result from lack of oil fields in the
last eight years.
So the present situation has greatly
improved the position of owners of oil
lands. The industry is likely to re-
double it's energies to find new crude
reserves to amortize the present refinery
investment and to justify the new market
structure that has been established in
the last year or two.
Investment in landowners royalties Of
fers the sanest speculative investment
available to Americans today. If the av-
erage American investor knew how to
figure the value of royalties; knew that
he gets a dividend share of all oil found
on his land, delivered to him free of
cost of production, then there would not
be enough royalty available to supply the
demand. Demand would make the price
go up to a point where large profits
from a small investment would no longer
be possible:
The person who belongs to this organi-
cation must of necessity have a good
working knowledge of the oil industry;
knows how to intelligently judge the
value of royalties and their possibilities
for profit; any person who is armed with
this information can surely see the pos
sibilities of the present situation in the
Montana oil industry. 1t is a wonderful
heritage, we believe, to be able to pur-
chase low-cost royalties such as are avail
able at the present time, for they offer
greater promise than at any time before
in our IS years In royalties in Montana.
Our current publications keep an in
weston abreast of the times; keep him
informed of impending developments
which may result in opportunity for pro-
fitable investment. A small investor has
all the service and privileges of the larg-
est investor in our membership. The cost
of membership is only 81, to cover chiefly
the cost of the maps and publications that
are furnished each person interested in
royalty investments in
Montana.