Casper Daily Tribune Newspaper, April 22, 1922, Page 9

Va i” f $$$, SATURDAY, APRIL 22, 1922. Old Time Geologist Chosen by Oil Men Texas, Oct. 17, 1921 Mexia, Mr. B. M. Hatfield, Petroleum Geciogist, Dear Sir: ‘We. the undersigned drillers an Workers who are anxious to for Grilling organization of old and experi- enced oil men, Mexia, Texas, Sir: oft ma ri earnestly re- fest you to become head of our or- gisization in its entirety, knowing that yeu are thoroughly ‘competent and capabl directing its affairs during operations in the great Mexia and other ‘Texas ofl fields. Trusting that you will accept-and that we will get some of the well known Hatficid action, we remain Yours sincerély, (Signed) a n 10. 14. H. ¥. Fields, oi! drifer; E. B. Brown, oil driller; J. ¥. Long, oll well machinist Andy G. Gaston, tool dresser; L. B, Duffy, olf, driller. oil driller. nba, oll driller 3. Bryant, tool dresser 3. Hi. Jones, of! driller: Williams. olf driller. Col. Hatfields Questionnaire for Investors @ Nase of Company? A. Texas-Meala Drilling. €yndi- cate. Q Date and State of organization? A. Texas. Declaration of Trust executed and filed for record October 14, 1921, it being the nature of 4 common law trust estate. - Q. Amount of proferred and com- mon stock authorized; state par value of each. A. No preferred stock authorized; $500,000 in common beneficial units of $1.00 par value each, designated in Detlaration of Trust as authorized capital shares. Q. What’ is the amount of units issued? A. Common beneficial units to the amount of 60,053 shares. - Q. How many units stil remains in ‘Treasury? A. 339,947, Q. Whe was the promoter and or- oanize.? A. Col. B. M. Hatfield, sole trus- tee, sole promoter and scle or- ganizer. Q. What compensation or benefit was received by the promoter d by the promoter ual expenses and : vidends which may rue on net profits, pro-rata upon , $10,000.00 tn beneficial units to be escrowed for his benefit. Q@ How many unlts were issued on organization of Company? A. None—issued as sold at par. Q. Has any stock been issued to Promoters, organizers or oth- ; for patents, inventions, marks, trade— names, land, lenses, mines A. None such has beén issued: Q. Who are the officers now con- nected with or interested in Company and what-are their qualifications for their present positions? A. COL. B. M. HATFYELD, Solo Tru DREVER, tary. KELSEY, Manager ng Department. BALL, anager. D. SPANN,..Attor- CARL HATCH- Chief Accountant. JANE McDONOUGH, Assistant Accountant. EQUIPMENT: . Q. What is your equipment? A. One complete well drilling out- fit, all steel type for drilling oil wells to great depth, now in t it to Odessa, Texas, for ng operations soon to be in Crane County, One complete water pumpi piping plant now’in operation in Mexia, Texas. PROPERTIES: _ @ Describe properties already ac- quired, together with any prop- erty or properties, which the company has contFacted*to ac- quire. A. Item No. 1—20,000 acres of oil, gas and potnsh. leases Crane County, Texas, to be drilled at once. m No. 2--17,000 acres oil, hand other mineral Ector and Andrews Item No. 3—Offerd of selective leases in blocks of 5,000 to 20,- 000 acres in Midand, Wharton, Kaufman, Denton, Valverde and Kinney Counties, Texas. Item 4—8,000-acre lease in Ok- lahon-a, semi-proven territory, with complete California Stand: ard rig and all casing neces- sary for 3,500 fect already on the ground, under negotiation upon most favorable terms to this Company, and which un- der co-operative drilling plan will not entail expenditure in excess of $10,000 to $12,000 for complete well. ‘What would tho discovery of oil in commercial quantities on this acreage mean to unit- holders? ‘A Depending om quantity and grade of oil produced, land sur- rounding the well might easily sell fram $5,000 to $10,000 per acre—gradually decreasing in value according to distance from the well, and in relation to geological structure dis- closed by” drilling. Q. Has the Texas-Mexia Drilling ‘Syndicate ever paid dividends. A. Yes, as follows: 650 per cent Nov., 1921. 50 per cent Dec., 1921; 25 per cent Jan., 1922; 10 per cent Feb., 1922, and a divi- dende of 10 per | CURSE Se aore Dividends in Six Months a Coincident with the payment of my sixth cash dividend in six months, totaling 155 per cent, the press of the country heralds me as THE CASH PROFIT-PAYING METEOR OF TEXAS OIL. _ , In all humility I accept this title. My accomplishment of paying 155 per cent cash aiygends in a half a year is perhaps unrivaled in the industrial history of the United ates. To my mind it is not difficult to make money in the oil business, ner in any other busi- ness in Texas, because here is one of Nature's greatest storehouses, awaiting only the hand and energy of man to turn it into dividends and wealth. QGne hundred and fifty-ftve per cent cash dividends in six months, and not a gallon of oil—that’s the remarkable feature, because I believe that once the bit of our No. 1 well now drilling on 2,000 acres in San Saba County reaches the oil horizon, this divi- dend record will be smashed. Thea out on a veritable empire of acres in Crane County, Texas, on 20,000 acres, to be exact, I am going to drill our second well. The material is all assembled—I’m ‘all ready to go, and if it were not for the fact that the strike of the steel workers delayed the delivery of some important parts of-our all-steel derrick, this well would have been spudded in last Monday. However, I will brook no delays. Evidences obtained from the logs of wells surrounding our Crane County acreage demonstrates to us that we He in the direct path of a vein of potash. I am informed by the engineers of the U, S. Geological Survey that a four-foot commercial vein of pot- ash would be.equal in value to all of the gold produced in the United States. _ Out in Kaufman County, in the area where Col. Humphreys is planning his next million-making “killing,” I will drill a well for the Texas-Mexia Drilling Syndicate on 5,000 top structure acres. Meanwhile, our Oklahoma well should be drilling, and within the next two weeks I should have some important announcements to make regarding Oklahoma. The proper- ties I have secured there practically assure uninterrupted dividends. Not only should our Oklahoma holdings insure dividends for years to come, but within a very brief time I believe the income from this source alone will force the price of Texas-Mexia Drilling Syndicate units far beyond their present level. I am playing safe in Oklahoma, acquiring developed properties that make for a steady income, just as I am doing in San Saba County, Texas. Here I am drilling on practically proven acreage, not for gusher production at great development cost, but for shallow, production-of high grade semi-refined oil; pumper wells that will yield oil and oil and oil for generations to come. The Unique Grabstake Unit Plan Explained | In lieu of stated salaries or wages, all of the employes and officials of the Texas- Mexia Drilling syndicate are working on a co-operative profit-sharing “grubstake” plan that works out as follows, to be apportioned its to the humble field a allotted to by Col. B. M. Hatfield sole trustee according to the value of services rendered. ‘These units are escrowed net given or sold to any employe, and the interest of each individual in hts or her escrowed units is continued to the dividends there- trom for such time as he or she remains a loyal employe of the syndicate. In the event of a worker's death faring empire, onehalf of the dividends automatically ceage and the other half to the employe's estate in ‘perpetuity. In the event of either total or partial disability of any employe while on duty he or she receives the full benefit of the apportioned units. CLASSIFICATION OF GRUBSTAKE FORCE. Grubstake employes are divided into three classes: Class A—Heads of departments end office employes including attorneys, chem- ists and engineers, to the number ef 23. Class B—Drillers and Crilling crows te the number 56. Class C—Refiners and distributers to the number of 16. Making a total of grubstake force of 160. MAXIMUM ALLOTMENTS OF GRUBSTAKE UNITS: Class A—1-10th of 100,000 units or 10,000 units. Class B—2-25th of 100,000 units or 3,500 ynits, Class C—Based on efficiency. The peyments in cash to the srabstake force are determined by the Trustee, as follows: Class A—Living, expenses. Class B—$12.50 per month and beard while on & job. Class C—None. Cash payments to everybody cease when income from any other source reaches the amount of cash payments. COL. B. M. HATFIELD In Crane County, on 20,000 acres, I will make a bold stroke for millions for my shareholders and myself, and in my mind there is not the slightest shadow of a doubt that I will achieve my end. For over thirty years I have been active in the oil fields of three continents, and I will say here and now that in all this time I have never seen an unproven area so rich in the promise of tremen- dous petroleum production as Crane County, Texas. Other geologists and successful oil operators agree with me in my contention that the location of our No, 1 well in Crane County is squarely over the core of a great pool of oil, and I will hazard the prediction that this one group of leases alone -will mean millions to the Texas-Mexia Drilling Syndicate. For six months now I have been gathering acreage, assembling equipment and rounding out my plans, but through al] these trying days I have been earning profits and paying dividends to my unitholders, % Imagine if you can what dividends I should be able to pay when our present development pro- gram is carried through to completion. Al! the dividends I have paid to date—155 per cent in six months—have come from income derived from the Syndicate’s water plant at Mexia and from acre- age deals. OUR NO. 1 WELL IS NOW DOWN OVER 200 FEET. We are drilling en 2,000 acres in San Saba County, and once that our Crane County and Kauf- man County wells get under way, I will be able to make many advantageous deals. Big companies, like the Texas, the Gulf, the Sun and the Magnolia, are ever anxious te get pro: teetion acreage around driiling wells; in fact, so great is my faith in this source of income that I dare say the sale of small blocks of acreage around these test wells will not only pay for the first wells I will drill but will leave a surplus for other substantial dividends. Now that the success of this, my Texas project, seems assured, I could no doubt get all the capital I will need, in big sums, from a few wealthy men, but I do not wish to do this. I am ambitious to make this an organization of little fellows. I want the man who can put in only $25 or $50 or $100, because I wani, to pay big proiits and continuous dividends to a large army of small investors. ; The units in my Syndicate that are now available at $2.00 will not last long, and I must advise readers of The Casper Daily Tribune to act promptly if they expect to join me before. another price advance. If I could but meet you face to face and call you “Friend,” I know you would want to be with me, but I cannot do this, because I am only one man, and you folks are scattered all over the nation. If you could but come with me down to San Saba County, or way out west to Crane County or over north of Mexia into the Kaufman County field, or up into Oklahoma; if you could tramp over this state of Texas as I have, I know nothing would prevent you from locking hands with me. in this enterprise. t One man working alone can do but little in developing the latent resources of a great state like Texas. It is only through the co-operation of the many that we can fully avail ourselves of the great chances for wealth that Nature holds out to us—but wealth is not all. If wealth and ease and comfort were all that I sought, I could attain these things without ask- ing a single man or woman in America to invest a dollar with me. The knowledge and experience I have gained in over thirty years of work and study and travel throughout most of the world’s great oil fields, puts me in a position where I need not be concerned about money. m ! I AM AMBITIOUS TO ACHIEVE. I have pledged every atom of my being to the success of the Texas-Mexia Drilling Syndicate. My “Grubstake” unit plex, outlined in the lower left hand corner of this advertisement, is working out to the letter, and authorities on economics tell me that with this plan I have solved the problem of capital and labor, scinded the keynote of a new and com- plete harmony in the industrial relations of men. But I must not diverge; the primal purpose of this advertisement is to get at least one man or woman in every city and hamlet in America to join me in a wealth-bound project. If you send me more than $2,000 I wouldn’t accept it—try it and see; but if yowshould send me $20 or $50 or $100 I'd welcome you into the fold—“I'd bind you to my soul with hoops of steel.” Very truly yours, ra) WW orp ag 500,000 UNITS [ SRleaB i NABIELD. Ss Maite PAR VALUE $1.00 EACH i211 F. & M. Bank Bldg., cpt Fort Worth, Texas. Sold in Blocks of Not Less Than Ten or More Than 1,000—Limited Offering of Units at $2.00 Each. Fort Worth, Texas Dear Sir: Expres Inclosed please find Check for $ .....+...ese2e+- P. 0. in full payment for ......--:....++-+--+ Units at $2.00 per unit (not less than 10 or more than 1,000) of TEXAS-MEXIA DRILLING SYNDICATE of which € B. M. Hatfield is 8o Trustee. dend to: 7 2 » - » WING TITYELI PRET OP eee ee Tit SOLE TRUSTEE fe RO Street Texas-Mexia Drilling Syndicate Tah 29) 7 EY dies ; - DIVIDEND RECOKD ¥ November, 1921 Suite 1211 F. & M. Benk Bldg., Fort Worth, Texas December, 1921 Reference: Any old-time driller or oil operator in any part of the world. Total (6 months TE Sen Sow, a (BB asst