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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 23, 1920)
Fortunes From T Oil Leases w LB YOU BE XT? exas NE Big Deal Closed The Texas Coast Oil Leasing & Development Company has purchased the oil and gas lease on a large tract of land situated in Jefferson and Cham bers Counties, Texas. The owners of this land have had many flatter ing offers for the oil and gas lease oh portions of this tract BUT THEY HAVE PERSISTENTLY HELD IT INTACT UNTIL SOME INDIVIDUAL OR COMPANY IN WHOM THEY HAD CONFI DENCE WOULD UNDERTAKE THE DEVELOP MENT OF THE ENTIRE ACREAGE. The Oil and Gas Lease' on a limited amount of this land is ndw being offered to the general public for the first time in the history of this tract. Wonderful Geological Formation Our acreage in Chambers and Jefferson Coun ties, Texas, is all located in what is described by United States Government geologists, the Univer sity of Texas geologists and independent geologists as the GULF COAST SALT DOME REGION. Nineteen years ago the largest Gusher ever brought in in the United States, known to the world as Spindle Top, producing from 75,000 to 100,000 barrels of oil per day was brought in in the GULF COAST SALT DOME REGION. The largest gas well ever brought in in the United States, came in in Corpus Christi in the GULF COAST SALT DOME REGION. The following statement is copied from the Oil Trade Journal for July, 1920: "While the coastal plain has produced such a tremendous quan tity of crude petroleum, geologists say that it has better prospects and comparatively more oil left in the ground than any other section of the country. Some authorities vplace the quantity still under ground in the Gulf Coast at more than ONE BIL LION BARRELS." Bulletin No. 44Jssued by the University of Texas, page 143, says: "The Salt Dome oil fields have produced most of our great Gushers." F. J. Sur is recognized as one of the leading geologists of the United States. At your request we will be pleased to send you free, his phenomenal report on the GULF COAST SALT DOME REGION. Development Work On and Near Our Acreage The Gulf Coast Development and Refining Company have guaranteed to their investors that on or before September 1st, 1920, they will begin drilling a test well to prove their property in the High Island Dome Region. This is substantiated by a letter from the Gulf Coast Development and Refining Company which we have on file in our office, in answer to our inquiry as to their intentions. In accordance with this letter, their test well will be drilled, not to exceed two miles from our acreage. Further Just as early as the Texas-Coast Oil Leasing and Development Company have disposed of the oil and gas leases on ten thousand acres of this tract of land we shall drill a deep test well on this tract The trustee for the drilling fund will be announced at an early date. The first well which we drill on this tract will not be drilled with a view of its own single profit although it might prove a GUSHER THE REAL BASIC REASON FOR THIS WELL WILL BE TO PROVE OUR TRACT and if this well produces oil in paying quantities it means that hundreds of wells will be drilled on this tract and it also means that all of our acreage will advance many times in price NOT ALONE IN OUR SELLING PRICE BUT ALSO IN THE PRICE OUR PURCHASERS CAN, IF THEY WISH, SELL THEIR LEASES FOR TO OTHER PEOPLE AND OTHER BIG COMPANIES. Buy Now for Best Price The Oil and Mineral Lease on property adjoining our land is now selling for $50.00 per acre nearly three times the price at which we are starting our campaign. Remember, anyone desiring to join with us in this gigantic campaign MUST ACT AT ONCE for we re serve the right to advance the price on our oil leases at any time. We are starting our campaign at $17.50 per acre. In the same general locality of our acreage most of the big oil companies own oil and gas leases some of these companies are now drilling wells in this locality. The fact that these companies have purchased leases there and that some are now drilling wells all .of this great activity naturally is continually increasing the value of our leases. , If we strike a Gusher in our test wells or any gushers are found by the other companies who are now doing de velopment work in our general locality, our acreage will naturally advance many times in value and in our selling price and if you have an oil lease on our property YOU WILL HAVE MANY OPPORTUNITIES TO SELL YOUR ACREAGE AT A BEAUTIFUL PROFIT. Also, in such event, there are many companies who would be willing to drill a well or wells on your prop erty without any expense to you that is, these develop ment companies will do this work for you on a 50-50 basis you having none of the expense, but sharing 50-50 in the profits. A Square Deal to All It is generally conceded by those experienced in Oil production that not more than one good producing well should be drilled on a tract of less than ten acres hence it will be the policy of this Company not to sell a lease on less than ten acres. We shall sell at this time an oil lease on ten acres for $175.00; on 20 acres for $350.00; on 30 acres for $525.00 ; on 40 acres for $700.00 ; on 50 acres for $875.00 ; on 60 acres for $1,050.00; on 70 acres for $1,225.00; on 80 acres for $1,400.00; on 90 acres for $1,575.00; on 100 acres for $1,750.00, etc., etc. Only a limited number of leases are offered at this price because Oil and Mineral leases have sold recently on property adjoining this tract at $50.00 per acre and in our general locality of the Gulf Coast Salt Dome Region oil leases have sold for from $1,000.00 per acre to $100,000.00 per acre. Most of the oil and mineral leases on Texas land sold to the general public specify that in addition to the purchaser paying so much per acre for the lease, he shall also pay an annual rental for a period of years in order to keep his lease in full force and effect. This annual rental usually runs from 25c to $1.00 per acre and should the purchaser neglect to pay this annual rental he thereby forfeits his lease and it reverts to the original land owner. Now, in order that our purchaser may have the full benefit of his lease WITHOUT ANY WORRIES OUR LEASES ARE FOR 'A PERIOD OF FIVE YEARS AND WHEN YOU PURCHASE ONE OF OUR LEASES YOU OWN THE LEAS3 FOR FIVE YEARS AT LEAST, WITH NO FURTHER PAYMENTS TO MAKE. Further, should we strike oil in paying quantities on any part of our tract during the five-year period of your leasehold you own this lease free of all rentals as long as the well, by whomsoever owned, produces oil in paying quantities, whether it be for 10, 20, 30 years or longer. Buy Now for Best Selection Naturally the best selections in our acreage come to those buying first. REMEMBER THAT EVERY ONE OF OUR PURCHASERS HAS THE PRIVILEGE OF SE LECTING HIS OWN ACREAGE. WE DO NOT ARBI TRARILY SELECT HIS ACREAGE AND TELL llIM HE MUST ACCEPT OUR CHOICE. Those buvincr first will have their leasea nn land wRhin two miles of the deep test well to be drilled by the Gulf Coast Oil Development and Refining Company. It is a proven fact in the field of every gusher that oil leases go up many, many times in price and this is not confined to acreage a few hundred feet from the well, but in many instances the big increase extends miles from the gusher the scene around any big gusher soon be comes a forest of derricks. We want you to understand we are not selling a SURE THING we know and you know it is to a degree a speculation BUT WE KNOW AND WANT YOU TO KNOW WE WILL GIVE EVERY PURCHASER A SQUARE DEAL AND IF WE STRIKE A GUSHER YOU WILL MAKE BIG MONEY. We ourselves are making a big speculation. We ask you to speculate with us. OUR FAITH IN THIS PROPOSITION MAKES US WILLING TO RISK MANY THOUSANDS OF DOLLARS AND IF YOU ADD YOUR MONEY WITH OURS WE CAN PLAY THE GAME BIGGER THAN WE COULD ALONE, OR YOU COULD ALONE. Chicago Dally Trilran THE WORLD'S GREATEST NEWSPAPER WEDNESDAY, JUNE 21, 1920 MR. FORRESTER AND $38,000,000 IN OUR MIDST! Diamonds, Private Cars, and Press Agent, Too (Chicago Daily Tribune, April 21, 1920) It was in the east room, on the mei lanine, of the Hotel La Salle, that the man hunt ended. The telegra-n. Just received from Herington, Kas., which i was the only clew, read: "City Editor, The Tribune, Chicago: S. W. Forrester of Wichita, whose career in oil field equals ht of Harry Sinclair, will attend meeting of Fearce & Pearce, Inc., tonight in La Salle. Will be worth "ucal 3tory. "L. V. SMYTH." The cryptic. Mr. Smith who, it de veloped later, was Mr. Forrester's sec retary, had not only raid for the tele gram but had forecasted with clair voyant exactitude Mr. Forrester's whereabouts. He Admits It. "Yes, I'm Mr. Forrester," said Mr. Forrester, who used to know Jess Wil lard when he rods wild west bronchos at a dollar a head. He wore a diamond stickpin, a diamond ring, an Elk watch charm set with five rubies, a silk shirt, but no overalls. He was in evening dress. "Pcabody field," Mr. Forrester be gan, "is the sensation of the oil indus try. Great future down there. I've got thirty-nine wildcat wells." "Well, what can a man do with 100!" Shoot the Hundred. "Shoot it. That is, if you can af ford to lose it. We don't want to mislead anyone. We prefer your friendship to your money. But think: The ordinary investment yields from 5 to 7 per cent. If you win in oil your percentage of profit is 200 per rent. "You can't be a piker in oil. Some day you'll make it. Why, on my Cirst venture we lost $80,000. But I didn't give up. I rounded up $91,006 and started again. That time I struck oil. Jess Willard is in with me in Feabody for $50,000. Fine fellow, Jess." $38,000,000 Is All. At this juncture an eazer investor engaged Mr. Forrester in conversation, and a bystander informed the inter viewer that Mr. Forreser was now worth about $38,000,000. Made it all in oil. Used to be a poor farmer. Now he travels in two private cars. They're in the Santa Fe yards now. One of them's the car President Wilson used to tour the country for the peace treaty. Mr. Forrester bought it. Whim of his. Music Hath Charms. "There was the Burton family," re sumed Mr. Forrester. "Thoy had a little farm out of Wichita. Poor folks. Crops never turned out well. Always hard pressed for cash. Nice old couple. We struck oil on their eighty. Now they're worried to death about what to do with their money. Their revenue is $2,000 a day. They still live in the old two-room shack, but I understand they're going to buy a victrola next year." At this point the interview concluded,- with a cigar. It was an Owl. Remember We Are Selling Oil Leases and Not Oil Stock The richest man in the United States made his money in OIL. The foundation of all oil companies is oil leases. The big advantage of an oil lease it is your very own property you may sell it when and to whom you choose but when you buy oil stock YOU OWN ONLY A VERY SMALL PARTICLE OF A GREAT BIG SOMETHING. Owning an Oil Lease or owning Oil stock can be compared to owning a home of your own or owning only a brick or a plank in a number of homes. If you own your own home, you can live in it and enjoy all of its advantages or you can sell it without the con sent of anyone. If you own a brick or a plank in a number of homes, they will not give you shelter or you cannot sell them. NO, THE OIL LEASE 16 THE GAME NOT OIL STOCK. Wild Cat Today Fortunes Tomorrow PRODUCING WELLS is where wells have been drilled and are flowing oil. PROVEN TERRITORY is acreage in localities of Producing Wells. WILD CAT is acreage where there are not yet producing wells, but territory which has the recog nized signs of oil. A very short time ago Burkburnett, Desdemona ' and Ranger were all Wild Cat territory TODAY THESE ARE PROVEN FIELDS AND HAVE PRO, DUCED MORE MILLIONAIRES THAN WERE EVER DEVELOPED IN ANY OTHER SECTION OF THE WORLD IN THE SAME SHORT SPACE OF TWO OR THREE YEARS. Within a radius of 100 miles from our acreage hundreds of Gusher Oil Wells have been -brought in HOWEVER, WE ARE WILLING THAT OUR ACREAGE SHOULD BE CALLED "WILD CAT" TERRITORY TODAY BUT TOMORROW THIS SAME TERRITORY MAY SPELL YOUR FORTUNE. Writing about the Gulf Coast Salt Dome Region the Oil Trade Journal for July, 1920, on page 70, says: "Of the new big pools, two of them, Goose Creek and West Columbia, were discovered by wild catters." Have You Made Your Million Dol lars in Oil? If you had gone to Burkburnett or Desdemona (Texas oil fields) three years ago and asked this question hundreds of plain home folks would have thought you crazy. But since that short time many of those same people have really and truly made their million dol lars in oil. But what these people have made will not clothe you or feed you or give you any pleasure. The thing far you to do is to go out and make your million dollars in Oil. v HUNDREDS OF OTHERS IN THE LAST TWO OR THREE YEARS HAVE TAKEN A CHANCE HAVE MADE A SPEC ULATION and now they have their million dollars made from oil. t ... Texas-Coast Oil Leasing & Development Company 207 South 18th Street, OMAHA, NEB. Tel. Douglas 1010 The information furnished in our literature and advertising was obtained by ua from source which we believe to be thoroughly reliable, but ia not guaranteed by ua. "Sucker" in Oil Game for $133.33 Now Worth $700,000 (From the St. Louis Post Dispatch.) J. C. Phillips, for 10 years a traveling salesman for the Hamilton-Brown Shoe Co., came to St. Louis from his home in Fort Worth, Texas, yesterday to resign, explain ing to officials of the company that this was necessary that he might devote his attention to his oil inter ests which, he says, are now worth more than $700,000. Phillips, in discussing his good fortune, said he was calling on a customer at Ranger, Texas, in September, 1917, when the man told him of a third interest in a lease on 160 acres of undeveloped oil land which was for sale. He bought the lease for $133.33. "It was just a case of buying a lease toward which other companies came with their drills," hfl said. "They struck oil and made my lease more valuable. My original in vestment was luck, too. The man selling the lease thought I was a 'sucker' and I thought so, too, for I'd already sunk more than $1,000 in oil stocks which never brought in wells." Buys Land for $500; Realizes $900,000; Big Profit; Eh What? (Special to the Gazette.) TULSA, Okla. Here's the tale that puts pep into the downhearted promoter and investor. Some fifteen years ago C. C. Kimball, W. H. Reading and Syl vester Biggerstaff purchased a tract in the Beggs oil district for a consideration of $500. Within less than a year's time oil in great quantities had been struck on the property and $300, 000 had been netted the owners. Later the property was sold out right for a cash consideration of something like $600,000. The farm is now producing something like 5,000 barrels of oil daily. All of the above mentioned are business men and promoters of the town of Beggs. Million Is Paid For 40 Acres in Red River Pool (Fort Worth Star-Telegram.) , WICHITA FALLS, March 24. A sale of forty acres in block 821, Red River oil pool, by Waggoner & Green to C. N. Haskell, former governor of Oklahoma, and asso ciates, who are Eastern capitalists, for $1,000,000 cash, was announced yesterday by E. C. Metzner of E. C. Metzner & Bro., who represented both buyers and sellers. The property includes one 30-acre tract owned by Waggoner & Green, with three producing wells and five more drilling, antlWa 10-acre tract owned by Burk-Waggoner Oil Com pany, with one producing well. J. B. Cicero Gets $216,750.00 Cash For Oil Lease (Houston Chronicle.) J. B. Cicero of San Antonio, suc cessful oil operator in Humble field, has disposed of his entire holdings, in the north half of two acre lot No. 37, Wheeler & Pickens subdivision. J. B. Stevenson one third league, for a cash considera tion of $218,750. The deed, transferring his lease to the Southern Trust Company, was filed Thursday in the office of County Clerk George Jone3.! The lease grants 75 per cent royal ty on all oil produced. Lease Sells for Half Million (The Oil Weekly, March 13, 1920.) The Empire Texas Company re cently purchased the lease of the Arkansas-Texas Oil Company, which comprises five acres, with one pro ducing well and another standardiz ing, on the George tract, north west Burkburnett field. The Arkansas-Texas well flewed better than 1,500 barrels when brought in, being the record completion on the George tract. The consideration was reported to be $500,000. Buy Today By buying an Oil Lease today through the Texas-Coast Oil Leasing and Development Company you have a chance to make a great big fortune and by buying today you get your leases at the lowest price and by buying today you get the closest acreage to the Test Well of the Gulf Coast Oil Development and Refining Company. DO NOT DELAY DO NOT HESITATE. If you have the money and can afford to take the chance, fill out the Lease Purchase Coupon No. 1 and mail to our office today. With this Coupon send the amount of money to pay for the Oil and Gas Lease on whatever number of acres you desire. We shall at this time sell an oil lease on 10 acres for $175.00; on 20 acres for $350.00; on 30 acres for $525.00; on 40 acres for $700.00; on 50 acres for $875.00 ; on 60 acres for $1,050.00 ; on 70 acres for $1,225.00 ; on 80 acres for $1,400.00; on 90 acres for $1,575.00; on 100 acres for $1,750.00, etc., etc. Immediately upon receipt of your money we will send you a blue print and other maps showing just what acreage has been assigned to you and we will guarantee to select ,for you the very nearest acreage to the test well of the Gulf Coast Development and Refining Company of the tract we are selling yet unsold when your Coupon reaches us. We absolutely know no favorites in our business. THE FIRST COME FIRST SERVED hence do not delay, but fill out immediately Coupon No. 1 and mail to us at once. If you are willing to take the chance on not getting acre age close to the test well above referred-to and you desire further information on our Oil Leases, fill out and mail Coupon No. 2, which obligates you in no way whatsoever to spend one cent with us. COUPON NO. 1 Lease Purchase Texas-Coast Oil Leasing & Development Co., 207 South 18th Street, Omaha, Nebraska. -J) I hereby purchase through the Texas-Coast Oil Leasing & De velopment Company, Commercial Oil and Gas Lease upon acres of land situated in Jefferson County, Texas. I also enclose $ payment in full. It is understood that the Texas-Coast Oil Leasing & Develop ment Company, just as early as the master of transfer can be accomplished will cause to be delivered to me due and legal assignment of a Texas-Coast Leasing & Development Company form No. 1 Lease for the number of acres I have purchased. Name . Town . , County State . . Date. COUPON NO. 2 For Information Texas-Coast Oil Leasing & Development Co., 207 South 18th Street, Omaha, Nebraska. (B) Please send me further information relative to your Oil Leases. This obligates me in no way whatsoever to spend one cent with your Company. i Name Town County State Date
