Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1942-12-05

stances in Kelvin field: he built a refinery
which he called Northwest Refining Co
History will record that he had accumulated
considerable sum of earnings as the Santa
Rita had been very successful in its drilling
and was about TO declare a large dividend
when it became apparent to insiders that
the Canadian market was about to be lost.
By the time the blow came, impoverishing
the Montana oil industry for a time, the
Northwest refinery was completed and the
foresight Of the heads of the institution
made possible the upbuiIding of a property
that this year caught the eye of the great
Standard Oil
The term great" is not an ordinary COM
parative. Standard Oil Co. New Jersey
1.-THE correct name Is not Standard Oil Co.
OF New Jersey)-is the holding company
for units engaged in all branches of the
petroleum and natural gas industry, with
operations covering the entire world 1t was
organized in 1882 and ceased as an operator
in 1927. II is capitalized at 100000 shares
of SIS par of which 25,856,O81 shares are is
sued.
This is one of the companies that was
dissolved under the Sherman antitrust law
in 1911 when 1t was Invested of 80 corpora
tons including Standard Oil of Indiana,
Standard Oil Co. Of New York, Standard Oil
Co, Kentucky; Ohio Oil Co.; Vacuum Oil
Co.; Continental Oil Co.. Prairie Oil & Gas
Co.; Standard Oil Co., California; Standard
Oil Co, Kansas; Standard Oil Co., Neb-
raska; and other well known firms which
have since been con their own"
The company now operates through sub
sidiary refineries here and abroad with a
daily average throughout of 100000 Dbl.
daily.
The company did have approximately 200
tankers, transporting around 17O,OOO,OOO Dbl
per year.
The company has a domestic production
of around 100000 Dbl. per year, from more
than 5000 wells.
It was one Of the principal owners of the
Dutch East Indies oil fields but its greatest
foreign holdings are in South America and
MesOpOtamia, owning an interest in the Irak
line.
The company has some 4,5OO miles of pipe
lines operated by subsidiaries and affiliated
companies, handling over 1OO,0OO,OOO Dbl of
oil a year.
The company is in the natural gas bust
ness in the eastern states serving some $50
towns and cities through its subsidiaries or
affiIiates
10 AtS long uSE Oh AUU UT more WOFAu-
covering affiliates and subsidiaries Standard
Oil IN. j. is now adding, for the first time,
a Montana institution, the Santa Rita Oil
& Gas Co through an exchange of stock.
One Of its subsidiaries is the dominant oil
company in Canada, Imperial Oil Co. I'm
perial Oil is the principal operator and re-
finer in the Prairie region, owning much
of the production of Turner Valley and
buying much of the other crude produced
for use in its refineries at Calgary and at
Regina.
Standard Oil, through Imperial Oil, has
been recently faced with a new problem: one
of the greatest Of the war That is TO furnish
motor fuel enough to move vast amounts of
war materials to Russia Ny way Of the
Alaskan highway. That highway was opened
only a few days ago and the movement Of
traffic has not yet begun. BY spring there
win be thousands Of tractors and trucks
waiting for fuel for the long trek to and
from Alaska. In addition, it may be ex-