Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1941-08-02
The A-B-C Of the Oil Industry

ton Of a 600-barrel well on this farm by
CrumIey g. Sons. The Gladys Belle well was.
in fact, a prominent sign post pointing the
way to a big pool the proof of which is
that CrumIey has produced more than SS15,-
600 worth Of oil from this CONDEMNED"
farm
We as royalty investors stood idly by and
allowed the "disprOven" theory to keep us
from buying this Fryberger royalty at
time when it could have been had virtually
for "nickeIs and dimes"
We now know that the Gordon Campbell
discovery well with its nOn-cOmmerciaI
amount of oil was the key to millions upon
millions of dollars as it was the &C" and
the "B" and the "a" was established long
before there was any commercial production
in the field.
eff had only known" we say we look
back at the EmmOns permit, which has pro-
duced more than a million dollars from 40
acres alone; as we look at the william
Byrne farm which has produced nearly 49,
100000 worth Of oil; the Stannard with more
than two million dollars worth Of oil from
so acres, and the dozens Of other great pro-
ducing farms which have yielded a total of
millions Of dollars for royalty owners
But many who saw the opportunities of
Kelvin come and go also watched a well
with a showing Of oil at POndera and the
establishment Of factors A. B. and c., and
did nothing about it. Still others watched
establishment of factors &C" and "B" with
out the "A" at Cut Bank and still did moth
ing about IT, They watched the Tweedy farm
make $266O99 worth of oil In three short
years; they watched the WaIIburger farm
make $325,296 In six years; the Vandemark
farm make S405,906 in six years; the Morri-
sen farm make S533,O14 in six yearS-nOt to
mention the Lander farm which has made
SI,526,34372 worth of oil in the last five
years.
Almost everyone who had seen the show
ing Of oil grow into a great oil field at
Kelvin and who saw a showing Of oil at
POndera grow into an oil field knew all
about the DrumhelIer well north of Cut
Bank, with its flow Of gas and spray of
oil They knew also about the old B. & H.
well, the second one drilled which struck
oil In a STRAY" sand which was definitely
established as the "B" factor, and still they
did nothing. A week ago they saw Cut Bank
develop its first 1000 barrel well
In connection with developments at the
CObb-Yale well on Signal Butte, north of
Havre, we had occasion to check up our
members and we were astonished to find
the number Of members who have no roy
alties on Signal Butte Ordinarily we do not
favor heavy investment In wildcat royalties,
We maintain that wildcat royalties should
be purchased only when balanced by pro-
ducing or proven ground royalties. At the
same time, we noted the names of those
who passed up the earliest opportunities In
Kelvin, POndera and Cut Bank, many of them
rushing in later when they had to pay five
times as much for their royalties.
None Of our members has been without
definite information on Signal Butte. They
have had the most complete compilation Of
geology available, dating back 10 the early
U. S. G. S. reports and continuing on to
the present time. There has been no lack
of evidence Of the factor "a" on Signal
Butte
The recent drilling Of wen established
factor ~B," showing a porous limestone
with far greater area Of saturatiOn than is
found in Kelvin fieId-a formation much