“You will feel pretty good some of these fine mornings when your shares jump to 5 or 10 for one.”
With oil booms in North Texas, especially along the Red River border with Oklahoma, Tulsa Producing and Refining Company incorporated to join the action in America’s growing Mid-Continent oil patch. In February 1919, the Texas El Paso Herald carried an advertisement for Tulsa Producing and Refining.
Stock certificate for the now defunct Tulsa Producing and Refining Company.
“A Strong, Solid Company With Two Wells Now Drilling” the advertisement proclaimed. It offered 250,000 shares of stock at $1 per share.
According to the company’s claims, the two wells were drilling in Comanche County, Texas, where Tulsa Producing and Refining reportedly held 1,000 acres under lease. Advertisements appeared in newspapers as far away as Pennsylvania, where America’s petroleum industry had begun in 1859 with the first U.S. oil well.
Frequent references were made to an oil boom in the remote region with 328,098 barrels of oil already produced. Even more enthusiastic advertisements about Texas discoveries followed in the Pittsburgh Gazette Times in May and June 1919.
“If either of these wells come in big, the shareholders of the Tulsa Producing & Refining Company will cash in strong – and do it quickly,” extolled perhaps one of the more conservative claims.
“You will feel pretty good some of these fine mornings when your shares jump to 5 or 10 for one,” added the company. “We believe this is going to happen – and happen soon, too.”
The predicted happiness apparently didn’t happen. All references to the company disappear thereafter.
Popular Certificate Vignette
Seeking investors to chase “black gold” riches led to a surge in printing scenes of derricks on stock certificates.
Drilling booms often lead to many quickly formed (and quickly failed) exploration companies. As company executives rushed to print stock certificates, they often chose this same scene of derricks and oil tanks.
In the rush to promote their drilling plans, new companies had little time or money to find original art. One oilfield vignette from print shops proved particularly popular.
Among the most often used scenes was of a panorama of derricks found on certificates issued by the Double Standard Oil & Gas Company, the Evangeline Oil Company, the Buffalo-Texas Oil Company, and many other oil exploration ventures.
More articles about the attempts to join exploration booms (and avoid busts) can be found in an the updated research at Is my Old Oil Stock worth Anything?
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Recommended Reading: The fire in the rock: A history of the oil and gas industry in Kansas, 1855-1976
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The American Oil & Gas Historical Society (AOGHS) preserves U.S. petroleum history. Become an AOGHS annual supporting member and help maintain this energy education website and expand historical research. For more information, contact bawells@aoghs.org. Copyright © 2023 Bruce A. Wells. All rights reserved.
Citation Information – Article Title: “Tulsa Oil and Refining Company.” Authors: B.A. Wells and K.L. Wells. Website Name: American Oil & Gas Historical Society. URL:https://aoghs.org/old-oil-stocks/tulsa-producing-and-refining-company. Last Updated: November 14, 2023. Original Published Date: April 2, 2015.
