The Seminole Sentinel (Seminole, Tex.), Vol. 45, No. 46, Ed. 1 Thursday, October 16, 1952 Page: 12 of 16
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THE SEMINOLE SENTINEL THURSDAY, CKTOBER 16. 1952
Landman Often Is Property Owner's
First Contact With Oil Industry
As the quest for oil spreads
over Texas, frfrmers. ranchers,
and other land-owners are Ret-
ting more widely acquainted with
the oil lease man because almost
one-third of the state's 172 mil-
lion acres is under lease for ex
ploration or production of oil
and gas.
There is some production in
183 counties but there is acreage
leased for exploration in each of
the state's .254 counties, accord-
ing to the Texas Mid-Continent
Oil & Gas Association.
Some farmers say that a deal
with a lease man is like "finding
money in the middle of the
road." It is an added source of in-
come without risk of investment.
More Texas landowners are get-
ting "oil money" from their
lease contracts than from oil
production on their lands because
less than two per cent of the
total leased acreage is producing
oil and gas.
Agreements between the lease
man and the landowner have re-
sulted in operations which have
meant more than one-third of a
billion dollars annually to Texas
land owners in royalty payments.
Additional millions go to the
landowners annually for rental
payments and bonuses. Texans
get this because they have a
right of mineral ownership once
possessed only by kings. Thus
the origin of the term "royalty*"
It is important to the Texas
landowner that he is the "king"
of his land and all that lies un-
der it. By contrast, in most
countries of the world the state,
or a ruling monarch, owns the
minerals beneath all land, re-
gardless of surface ownership. A
Texas landowner with \ clear
title shares mineral ownership
with no one until he conveys it
to another person in a contract. |
The lease man's job is to buy I
rights which will permit an op- j
erator to drill for oil or gas on!
the landowner's acreage. He is i
usually the first contract thej
landowner has with the produc-j
tion phase of the oil industry.
The man who makes the lease I
LOCAL NEWS
Millard and Bennett Eidson
first settled in the western part
of the county in 189-1 when there
were no counties and just a lot
of grief and sand, were here
Saturday from Lovington, N. M.
swapping yarns with al friends.
Mr. and Mrs. Gene Auten of
San Angelo visited friends and
relatives here during the fair.
1 They moved to Gaines County
I in 1921 and left only a few
| years ago.
Mrs. Mamie Elam of Tulia,
| who first settled in Gaines Coun-
ty in 1903 and had her share of
breaking the west, was visiting
friends and relatives during the
fair days.
YESTERDAY AND TODAY
"HAPPY BIRTHDAY BOB!" — Robert Dickey, (Bob) 14, is wished a happy birthday by Irs
classmates iHMistiifg him in his fighl against leukemia. Above, Miss Barbara Ridens, one of
Bob's eighth tfrade schoolmates, presents him with a radio, gift of his class, while his young
stepbrother, Bobby, center, looks on. Bob is seated in the chair. Behind him is his step-
mother, Mrs. Ezeil Dickey, and, at the extreme right, his sister, Miss Barbara Dickey. Sev-
eral classmates are in the background. (Photo by Tommy Roberts).
THE GASbLtME YOU Buy TODAY IS
50% GerreR.'
Dramatic road lestt prove that 2 gallons of the high quality gasoline
you buy today do the work that 3 gallons did in 1925. Yet today's gaso-
line costs about the same a« gasoline did then —only taxes are higher.
This is jnst one reason why we're proud to he part of the competitive,
progressive oil industry that brings better living to this community.
Drive in today and let us serve you!
SHELL SERVICE STATION
Tink Trommel, Owner
415 South Alain
—_
YtXJfc PROCESS AND OIL PROGRESS GO HAND IN HAND
agreement with the landowner
may be an operator himself but,
frequently, the lease man will
secure the lease for a third party
an independent operator, group
of operators, or a large company.
He may be working for himself
as an independent broker or as
a salaried employee of an opera-
tor.
Because of the large risks in-
agreed rental, which in Texas
usually ranges from twenty-five i
cents per acre up. This
drilling for an agreed period,
usually twelve months. Failure
to drill or pay rental automatic-
ally voids the lease. When pro-
duction results from drilling, the
lease is good so long as it pro-
duces.
If production is found, the
volved, it is necessary for an op- lease provides for payment of
erator to secure a "block" of land
in the area where he plans to
drill and it is necessary for the
lease man to make agreements
with numerous landowners -and
and often widely scattered heirs
— to put together this block of
acreage. Thus, he is the middle
man between the landowner and
the people who put up the risk
money to determine whether
there is oil or gas under
land.
There are three payment fea-
royalty, being a share of the oil
or gas produced and is generally
one-eighth of the production, the
operator's share being seven-
eighths, called a "working in-
terest."
There are different types of
leases but the majority of prop-
erties are operated under a com-
mercial lease contract which can
be transferred or assigned. The
landowner still continues to re-
ceive his rentals, or royalty, but
the lease may pass to other
Since mineral rights are fee
tures of the lease: bonus, rental, i hands
and royalty. The bonus feature
varies greatly, depending on how,
good prospects seem for produc-1 titles, they^can be sold, as^weli
tion and how much competition
between lease men there is for
the landowner's agreement.
Upon execution of the lease
the landowner gets the agreed
bonus, and if drilling is not com-
menced in a specified time,
usually one year, he is paid an
as leased. A lease is a contract
and it defines the terms of this
Higginbcthom Farmer
defers New Accomodating
55 on Section Form
Frank Freeman, of the Biggin
botham Farm community is no!
operating a hotel these days, bit
he is accomodating 55 people or
his farm.
"These Mexican Nationals, call-
ed 'braceros' are an individualis-
tic people too," Freeman say-
"Each man is responsible for his
own breakfast and supper, anil
they all want to go to town on
Saturday."
Farming a section of land.
Freeman is well pleased with the
bale of cotton per acre or bet-
ter they are picking this week
on the irrigated land. The cur-
rent contract with the nationals
working in Gaines countv is
$1.55 per hundred for pulling
boles.
Last Saturday, the hands want-
ed to go to Lamesa. so Freeman
hauled them in trucks to Daw-
son county where they worked
a part of the day in the field of
Carl Little, now of Lodonia
moved to Gaines County in 1909 friends here for the first tima
and stayed until 1916 when he since he left for the war (I).
joined the army. He returned j —
home Sunday after visiting > Mr. and Mrs
FIGHTS DICTATOR. EDITOR SLAIN—Trail of opposition to
with a fake phone call, shot him to death.
his newspaper De Fatria. Assassin lured crusader <o the scene
editor-in-exile Andres Reqtieiia, -10, who fought Trujillo through
Rafael Trujillo, dictator of Dominican Republic in the Carib-
bean, leads to death in shabby New York tenament for
Seagraves visited the fair and
old friends Saturday and have
been residents of Gaines County
E. C. Roberts of i for the past 23 years.
I
w
. fr .. . ia son> Wylie D. Freeman, who
iteman has the
Either the landowner or the ginbotham community for the
person owning a lease can sell past two years and prior to that
part or all of his interest in the! time had lived in Dawson Coun-
agreement. If the landowner i ty since 1924.
A Groni GcrMotors value!
mmm.
in ,yi«n.
Mr. and Mrs. Nathan Luger
of Idalou were visitors in the
home of Mr. and Mrs. Sam Ma-
lone, Jr. Sunday afternoon. They
were guests in the home of Mrs.
Luger's parents. Mr. and Mrs. C
E. Edmondson of Loop over the
weekend.
More
Drive it Yourself!
There's only one uay you can truly
know the ftreatneH* and exciting per-
formance of the 1952 I'ontiac. Come in
today and put this grand performer
through it* paces. You'll love it!
Behind the wheel of a Dual-Range*
Pontiac you'll think every street and
road you drive on has been improved,
every bottle-neck opened, every hill
made lower and easier.
In Traffic Kanfte you can feel the
eagerness, the pep and the authority
of Pontiac's great high-compression
engine. On the open road, Cruising
Range takes over, reduces engine rev-
olutions as much as 30 per cent—for
more go on less gas!
Get all the facts and figures—it's so
easy to give yourself the joy of owning
a Pontiac. *Optionat at txtra colt.
JPontiae
Dollar for Dollar
you can't beat a
SEMINOLE TRUCK AND TRACTOR INC-
StminoU, Texas 210 E Are. A
■ Mm
wants ready cash and doesn't
want to speculate on whether the
venture will produce oil and gas
he may sell part or all of his
one-eighth royalty. The operator
may exchange fraction of his
seven-eighths working interests
for various legal, engineer, or
other technical services, or for
cash to help finance the drilling
operation.
The seven-eighths working in
terest is the source of the opera-
tor's prospective income from a
speculati%'e venture. The well
cost and other costs come from
the pockets of the operator. If
the well is dry, the landowner
still has the money paid him. The
total size of the Texas operator's
risk is emphasized by the fact
that they drilled more than 7.5
million feet of dry holes in the
first six months of 1951 accord
ing to the "Oil and Gas Journal''
for a loss of probably more
than $70 million. This is a head-
ache the landowner doesn't have
in his partnership with the Tex-
as petroleum industry.
Out of this relationship be-
tween the landowner and the
Texas petroleum industry has
grown the state's leading busi-
ness enterprise.
AcTNotuf Enjoy
effortless washing
perfected by Whirlpool!
YES, WE'VE GOT THEM
—a new shipment of th^se famous
Whirlpool Automatics, preferred by
women everywhere! If you've ever
seen Whirlpool in action, you know
its big washday savings and fast,
clinic-clean washings can't be
equalled by any other automatic!
It's the washer you wished for—
and if you act now it's Yours!
THE GREATEST FEATURES IN AUTOMATIC WASHING
ARE COMBINED EXCftlSivdy IN WHIRLPOOL!
aL \ Aqijftmr \ fljcfe-Tbwt
SetmRuuGd.: Actim,
Stores hot, sudsy
water for thrifty re-
peat use. Gives the
most thorough
rinsing known.
Floods sunny
freshness into
your wash. It
sanitizes . . . pro-
tects the family.
Surges vitalized
sudsy water thru
clothes. Its gentle
flexing promotes
Total CftoniMgl
Siqwftf/
Saves you pre-
cious time and
steps. Sounds-off
to tell you when
yourwashisdone!
...and every other feature vital to CLINIC-CLEAN washing—every time!
(Including 5-Year Warranty on Transmission)
AC GAS & APPLIANCE CO.
211 S. Main
U)lUn£pooC
Phone 2151
AMERICA'S FIRST FAMILY
OF HOME LAUNDERING
WHITE HUTO STORE PRESENTS Su*uUc
WHY
YOU OLD
RASCAL?
OR SHOULD I
SAY,'RASCAL, Jig? "
TRAINING
m
( HA f HAf FORGET n! > YEAH — I ,
VOU KNOW ME-I'M I KNOWHOU.'
Bfc HEARTED A&OUT J 5Mf, «*AT
SUCH THINGS/^ ARE KOU
DOING HERE?
WHY-AH-| WAS
ENDEAVERING TO
MEET CHERRY—
WOULD YOU DO US
THE HONOR ?
YOU NOThlNft DOING' | WELL
HAVEN'T I I KNOW YOU TOO I I HATE
MET J WELL TO TO
HER n INTRODUCE /«4-L MY
YET II VOU TO
MY GIRL.'
(OH,
OH/
MICHT
Hev TO
*rep i vta
THIS
yet/;
^8
RANK ON
YOU OLD
TOP, BUT-
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IMissl
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mino|
fillis,
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TomatT
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Peach I
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Pear
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Plum
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Apple
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weet Pid
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Aprons,I
•>le, firstf
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Cobbler'l
mith, firl
Play Dif
eminole,
eminole,
House C|
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illis, firl
ole, third!
Cotton
illis, seed
OUSEHOl
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Vanity S^
x-ond.
Pillow C|
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eond.
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Steakley, Melvin. The Seminole Sentinel (Seminole, Tex.), Vol. 45, No. 46, Ed. 1 Thursday, October 16, 1952, newspaper, October 16, 1952; Seminole, Texas. (https://texashistory.unt.edu/ark:/67531/metapth412494/m1/12/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Gaines County Library.