Business & Finance: Slick Sells

This Monday, while oil-drilling "wildcatters" were digesting the significance of President Hoover's oil conservation policy (see p. 16), Thomas B. Slick, the king of all "wildcatters," credited with being the largest individual oil operator in the world, completed the sale of all his producing lands to the Prairie Oil & Gas Co. These properties-cream of the Seminole, Kay, Kansas, and North Texas fields-yield 34,000 barrels a day, and will bring Prairie's gross daily production up to about 105,000 barrels. They put into Producer Slick's pocket between $50,000 and $60,000 per day. Reports from Tulsa put the sale price at $40,000,000; but...

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