Full text: Petroleum and natural gas : in two parts (Vol. 1, nr. 10)

Natural Gas Company, Peoples Fuel Supply Company and 
the Oklahoma Fuel Supply Company were consolidated with 
the Oklahoma Natural Gas Company. In May, 1919, the 
authorized capital was increased from $10,000,000 to $15,000,- 
000. Of the $5,000,000 of new stock, $700,000 remains un- 
issued, making the outstanding capitalization $14,300,000. 
The total funded debt is $650,000, and the total assets amount 
to over $20.000.000. 
The company owns 108 gas wells and controls by gas 
purchase contracts 238 gas wells. The operated acreage is 
110,000, unoperated acreage 23,000, acreage controlled by 
gas purchase contracts 89,000, making total acreage of 222,000 
acres. The pipe lines consist of approximately 1,450 miles of 
various size pipe, ranging from 2’ to 16”, traversing 25 
different counties in the State of Oklahoma and serving 43 
towns and 75,000 consumers with natural gas. Gross sales 
of gas for the year 1922 were 14,907,952,000 cubic feet. The 
company owns and maintains seven compressing stations 
with total of 9,785 horsepower. Number of employees varies 
at different periods in the year from approximately 600 to 
1200. 
The following towns are supplied by the company through 
its own distributing plants: Tulsa, Sapulpa, Claremore, 
Chandler, Haskell, Edmond, Bixby, Coweta, Davenport, Red 
Fork, Shamrock, Kellyville, Pond Creek, Porter, Lamont, 
Dawson, Depew, Arcadia, Deer Creek, Stroud, Nardin, Inola, 
Midlothian, Wellston, Turley, Meeker, Peckham, Hunter, 
Ramona and Luther. 
The company supplies the following towns at the city 
border, other companies owning the distributing plants: 
Oklahoma City, Muskogee, Shawnee, Guthrie, Enid, Chick- 
asha, Oilton, Bethany, Britton, El Reno, Yukon, Duncan 
and Marlow.
	        
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