Casper Daily Tribune Newspaper, March 24, 1921, Page 9

HONTANA RAPIDLY TAKING ANAS IL REGION ‘SUCCESS FOLLOWS FAILURES IN MAY DISTRICT ~ Hopes First Dashed by Water Wells and Dry Holes At Last Vindicated by Rich Discoveries and Prospects for Big Production Slowly but surely M ¢ oxtana is coming into her own as an oil region of the nation. For the past fi of Montana-have had to rest co: ile Weenie while Wyoming’s oil fields were developed from a small area of but’a few barrels production that was generally laughed at by the residents of the brought wealth and prosperity to a commonwealth it was but a range for sheep*and cattle previous to the oil boom. Ries The development however did not appear to reach over into Montana; many Wildcat wells were drilled and hopes’ of the opening of a great oll field were dashed as one after another the tests came im dry. When the Elk Basin’ field was drilled and found productive along the northern bound- ary of Wyoming, the Montana oil men thought at last their hopes would je realized of a great oil field in the state but while there are some wells in the Bik Basin field that are lo- cated across the line in Montana, the bulk of the Prosnetes Mes in Wy- oming and the field seems to stop before it’ gets more than a short dis- tahce across the line. Late tests drill- ed in the Elk Basin field however have again awakened hopes in the hearts of the ofl men interested there for it-now appears that there is a deeper pay underlying the present pro- ducing of] hogizon in the field and this deep sand may yet produce a field of consequence north of the Wyom- ing boundary, Again the drilling of a well near Laurel started some excitement back in 1918 as this. well founda heavy oll of very high quality that-.was worth considerable if it was produced ‘in quantities but this test did not yan out as expected and the depth and cost. of drilling to the depth re- quired made the proposition a worth less one, It therefore rematned for 1920 to bring about the first real oll strike 8 consequence in Montana and this was the opening of the Cat Creek field by the Frants Corporation that. was «destined to become the first light oll field of the state. Previous to the rilling in of the discovery well of the Frant Corporation the Van Dusen Oj) MOSBY Consolidated Oil Corporation Incorporated Corporation 24,680 Acres carefully selected oi! lands ap- proved by our geologists and field men. This land is not lo- cated on one structure but on Eighteen Structures recognized of] structures with wells Grilled on over half of these. All located in the new oil state of Montana ‘With our holdings and the Joca- tions of same, we feel sure that eur proposition is A Safe Bet Altho we are well fortified with this large acreage, we have our geologists and field mon out con- tnually securing more desir able acreage, aud when any new structures comé in, we are there ‘right on the spot, Our plans are now to have from 8 to 10 Wells by July,.end with our extra SEND YOUR ORDER TODAY, Moaby Corporation, Lewistown, Montane. Gentlemen: I am with you for Wj -----L---- shures non-assessable stock. which is to share in all of your present or future acreage. Tam inclosing herewith $-,.-—~ Send for, our map, Northwest, to the present great development that has company had found a black ofl in the Devil's Basin country anda test the firm had drilled there but this crude is heavily impregnated with sulphur and under present market conditions, the refiners do not care to handle the sulphur oil. . The Cat Creek oil field consists of two domes situated upon en anticline about eight miles in length, From the present development it ap- Pears that the main anticline does not hold oil over its entire uplift but that the oll pools le under the two domes which have been named the East and ‘West domes respectively, The main axis of the anticline runs about northwest and southeast and the two domes are situated about mid- ‘way along the axis of the main struc- ture, ‘The territory separating the two producing domes is badly faulted and.for this reason and also because hole or two found there, the proven. ; \Okecewes, months m: has more Room 205, orm Lewistown, Mont. Lew Trust operators are keeping off the land be- tween the two domes. It’ is freely stated by many geologists acquainted with the field that it is hardly like- ly hat the two present producing domes are the only ones upon the whole anticline and the near future is expected tq develop séveral other pro- ducing areas along the elght-miles of: the main anticline. ‘The geologists state that there ts good lik}hood of other domes being covered over with later deposits so that they cannot be found readily from surface indications but when many of the wells now drilling are fin- ished up, the resulting well records ‘will enable, ‘the geologists to find the other domes with sufficient accur- acy to enable them to locate a well for a test. For this reason the geo- logists are asking that every oil opera- tor drilling in the state keep a reo- ord of his test and hold it for bene fit of the oil trade in general There is nothing to be gained by the oll op- erator in making a secret of what formations haye been passed through by his well as some people appear to think for the geologist knows’ before- hand just. what the bit will find but the knowledge of where these forma- tions He and their thickening or thinning, counts for much in the mat- ter of probable oll.pools nearby to the experienced geologist. ‘There are now 21 wells producing oil in the Cat Creek field, all of. which have been drilled in since the Frantz ~ Before long “11266" m trustees of the “11-56” have 1 be b; ly: for ereby apply for with off or draft for is understood that this su of the authorized allotment upon receipt of this order. No. 1 found the pay about ago. The list of wells. with t! BUYING A WINNER You wouldn’t purposely bump your head against the wall just for the sake of seeing whether it hurt. Neither would you make a dubious oil investment find out whether you ceuld lose your‘money. The money you invest must be placed CLOSE to production to insure safety, and also a likelihood of the remarkable returns “which are possible in successfully drilling for oil. ; 11-56”. Exceptional Opportunity “Holdings of the ‘11-55," a common law ‘trust with a capital of only $100,- 000, is’ located CLOSE to production—in fact has producing wells directly. west: and south of it. To the east the MacDonld Syndicate has heen. and to the north the Unit-Bleven has had similar evidences of production: - ; be hemmed in with producing wells of the Mon- tana caliber, and then it may be too late to invest in the HEART of area already OR-g Ye, Practically assured of production and of dividends:which may be. larger a jaid by the 66 Petroleum, which in a few months netted ptr Hapa 4 assigned the oil to the First National Bank of Win- nett as trustee for the distribution of MONTHLY-DIVIDEND CHECKS to unit- holders, The plan adopted is the Breckenridge, whic! unitholders of the income derived from the sale of oil For the same reason that you wouldn’t skirt the RIM of production or bet on the OUTSIDE of proven area so long as you could possibly get on the INSIDE, you wouldn't pass “11-56,” : Units of the “11-56” cost only FIFTY DOLLARS each, but in the next three earn several times that much. Fifty dollars, judiciously invested, an once been the steppin may make hundreds and perhaps FISCAL AGENTS Eleven-Fifty-Six Syndicate Room 205 Montana Building. FOR SUBSCRIPTION BY MAIL--USE IT TODAY APPLICATION FOR UNITS HASSELQUIST & BORGERT, Fiscal Agents sEil six Byndionte Bot, fontana Building ; —in Sem ibaa All unite are ipl pele and Sea fern | m shall be returne (Signed) (Street or P. 0, Box)--.--. | soaring direct payment to the “11-56” lease. ousands, Before it is too late, and this opportunity is gone forever, wire or mail your reservation of at least one unit. HASSELQUIST & BORGERT Lewistown, Montana units of the “11-56”. SYNDII a Commo tices at Lewistown, Montana, and enclose hrewith picid money eee ruary: 19, 1920, Tieng Frantz No. 2, section 14-15-29, May 56 Petroleum ee 15-29, September 9, ‘ Frants No. 3, section 14-16-29, Oc- section 14-15-29, Co, No. 1, section 9-15-20} NovembeF 24, 1920. Montacal Co. No. 1, section 13-15-29, November 15, 1920, Frants Ni » erection 14-16-29, No- 29, December 7, 1920. Mid-Northern No. 3, section 11-15-29, 29, January 11, 1921, ‘Mid-Northern No. 4, section 13-15-29, January 23, 5 ‘Mid-Northern No. 5, section 13-15-29, January 28, 1931. Frantg No. 6, section 14-15-29, Jan- uary $1, 1921, N Montana Superior, section 10-15-29, Webruary 5, 1931. Unit Petroleum, section 10-15-29, February 10, 1921. Hover Schwartz, section 11-15-29, February 10, 1921. Mid-Northern No. 6, section 13-15-29. section 10-15-29, February 18, 1921. The weekly production of these ‘wells in the Cat Creek field is about 40,000. barrels but of late due to the congestion of crude stocks at the re- finery plants in this part of the coun- try the field is cutting down its pro- — (Continuet on Page 10) just to ing in oil, 100-per cent, stone to fortune, and invested in “11-56” it of over-subscri; tribune THERE ARE TWENTY-FIVE WELLS PRODUCING OIL IN CAT CREEK TODAY AND EVERY ONE IS IN THE AREA ENCLOSED BY THE THREE SIDES OF THE TRIANGLE BELOW. Each of the squares in this triangle-represents 160 acres of land. and measures 2640 feet on each side. Hence the actual amount of proven oil land in the entire field does not exceed nine or ten square miles at the present writing. Dozens of wells are being drilled on several other very promising structures, but as yet those areas must be classed as “wildcat.” Investments in the units of syndicates drilling wells in any place outside of the triangle shown below must be classed as highly speculative and the majority are nothing more than a gamble. The conservative investor can not consider anything but a PROVEN FIELD, and the only PROVEN FIELD in Montana today is the Cat Creek Field Montana’s Billion- Dollar Triangle of Fergus county, as mapped below. Twenty-Five Producers in a Row The dozen or more syndicates which have made money for investors in Montana oii have their leases in the Cat Creek field and, up to date, not one dollar has been lost which has been invested in this area. ‘‘56” Petroleum Units, now quoted at $15,000 each, Black- burn at $3,500, Hover-Schwartz at $1,250, MacDonald at $200, Baker at $200, Bullseye at $125 and a half dozen others, all have their holdings in this triangle. Further, no company or syndicate with holdings outside of this area has as,yet made one penny for investors. What they do in the future remains to be seen. Hence, it is certain that the conservative nian, the one whose first consideration is “safety of principal,” MUST CON- FINE HIS INVESTMENTS TO THOSE SYNDICATES WITH LEASES IN THE PROVEN AREA. This nar- rows the selection down to about six or seven, all of which seem to have excellent prospects for making enormous returns for their unitholders. If you cannot afford to buy a unit in each and must select one as the very BEST, then the CAT CREEK CENTER SYNDI- - CATE of Lewistown, Montana, stands in ‘a class by itself for the following reasons: Safety—Enormous Returns—Quick Action The CAT CREEK CENTER SYNDICATE has adopted the “Breckenridge plan,” the safest, soundest and fairest method ever devised for the absolute pro- tection of the investor. The leases of this syndicate, comprising one hundred and twenty acres in the proven Cat Creek field, have been deeded to the LEWISTOWN STATE BANK of Lewistown, Montana, as.trustee for the unitholders. Thus, every payment for syndicate oil from any of the three leases must be made to this bank. The bank has signed a trust agreement,’ the terms of which provide that all funds received for oill will be distributed’ promptly on the first of.each month pro rata among the unitholders. Thus; each unitholder is practically being paid for his share of the oil direct by the Pipe Line. Company through the LEWiSTOWN STATE BANK and payment can be made in no other manner. THE HARTFORD ACCIDENT & INDEM- NITY COMPANY has issued a surety bond in favor of the unitholders covering all funds entrusted to the treas- urer of the CAT CREEK CENTER SYNDICATE and this bond will Ve increased, if occasion arises, so that it will at all times be 25 per cent in excess of the funds on hand. .From the moment your check is written in pay- ment for units of the CAT CREEK CENTER SYNDI- CATE up until the last drop of oil is pumped from the leases, if one hundred years hence, your investment is protected. Possibly Make $5,000 on Each Unit Every one of the twenty-five producing wells in the Cat Creek field is located within one mile of holdings of the CAT CREEK CENTER GERDA TE: The famous “56” petroleum well which.made:evary unit worth $15,000 and the famous Mid-Northern well which came in at 4,000 barrels per cay. sre within about two thousand feet and the bulk of the producers in the field are within a little over a half mile, The most important well now drilling in the entire field, the Ronnna pen is within 1,200 feet of the C. C. C. Syndicate: lease in Sevtion 11. The trustees of the ‘CAT CREEK’ CENTER SYNDICATE have contracted for the immediate drilling of. three "wells, Trustees H. J. KELLY, Register U. S. Land Office, Lewistown, Montana. y E. G. IVINS, Managing Editor, Lewis- town Democrat-Neéws, Lewistown, Montana. ~ H, C. BLEGEN, Oil Operator, Lewis- town, Montana. Units $100 Cash Cat Creek Yaa Lol Abjapeee : aad aa for ‘‘spudding in” by.March 10. M., V, Kirk, the con- tractor, is now loading his equipment at Newcastle, Wyoming. Wells Nos. 2 and 3-should be.under. way before April 1. With locations for thirty wells on its PROVEN acreage, the trustees of the CAT CREEK CENTER SYNDICATE are daily receiving offers from companies and contractors to drill wells free of expense to the unitholders for a percentage of the oil. It is highly probable that about six contracts will be let on this basis. As every unit shares equally in every well drilled on each of the three leases it is possible for the “first three wells, if only ‘average Cat Creek field size, " jy One"on-each*4eto. give each unitavalué’on'the open market of $5,000 lease. The contract for No, 1 well on Section 11 calls” chy or more. ‘ Leases Si of the SEY of NEY, of Section 11-15-29 (20 fy ins iy W% of the SE% of Section 7-15-30 (80 acres). E¥% of the NW of the SE of Sec- tion 3-15-29 (20 acres). 7 fOTAL, 120 ACRES \ Units $100 Cash rah ; Terms $25 monthly Center Syndicate (A Common Law Trust) > “CAPITAL. $150,000; 1,500 UNITS, RAR $100 | Home Office—211' Bank Electric Building, Lewistown, Montana REFERENCES: First National Bank, Lewistown, Montana; Lewistown State Bank, Lewistown, Montana. Units $100 Cash or $25 Monthly Always, the big mistake of investors has been delay in send- ing in their orders promptly. | Hover-Schwartz units were sub- * scribed within twenty-nine jhours of the formation of the com- pany and about $10,000 had'to be returned. BULLSEYE SYN- DICATE, one of the best bets in the field, had to return over $12,000 to tardy ones. Baker ‘Syndicate Units advanced Febru- ary 28 to $200 each and the Chipper dete will no doubt run into the thousands. The same thing will happen to CAT CREEK BARTON & town, Gentlemen: BARTON COMPANY, 211 Bank Electric Bldg., Montana. » CENTER SYNDICA' as hundreds make up theke minds to buy just before the price advances and get left out all together. The tees of the\Cat Creek Center have decided to increase the pr © of CCC units ie. a0, ei) action was taken ais Le rap! progress whic! is Hu you! 8, leat as made since its organization a short tine atace: "Bhe B2-fo0t derrick is how erected and awaiting errival of drilling material, “The ine crease in CCC units will take effect in the course of the next few days. So hurry! Hurry! COMPANY Enclosed find $~..-.-~_... as full (or hares payment for ---—---.._--______ Units of the CAT CREEK CENTER SYNDICATE at $100 each, fully paid and non- H ble, Bala if to b id at thi ite of $25 ith h Uni Fiscal Agents If this reaches you after the advange in price, CANCEL THIS ORDER AND it: «ihe TURN MY CHECK. 211 Bank-Electric Bldg. Lewistown, Mont. | | sae ELPA OM NREL SS & i bi Ta ES nee