Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 23, 1920, Page 8, Image 8

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    Fortunes From T
Oil
Leases
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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