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J. PAUL GETTY - CONTRACT SIGNED 01/14/1937 - HFSID 187757

Partly Printed DS: "J. Paul Getty", "F.W. Dye", "J.J. Deaner" and five others, 4p, 8½x14. No place, 1937 January 8. Headed: "Casinghead Gas Contract". J. PAUL GETTY, F.W. DYE and J.J.

Price: $1,100.00

Condition: Lightly creased, otherwise fine condition Add to watchlist:
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J. PAUL GETTY. Partly Printed DS: "J. Paul Getty", "F.W. Dye", "J.J. Deaner" and five others, 4p, 8½x14. No place, 1937 January 8. Headed: "Casinghead Gas Contract". J. PAUL GETTY, F.W. DYE and J.J. DEANER ("Seller") own 150 acres of land in Pontotoc County, Oklahoma, operating lands which "are productive, or may be productive, in addition to oil, of what is termed casinghead gas...and the Seller desires to sell the casinghead gas which may hereafter be produced from oil wells located on the premises...." In consideration of the sum of one dollar paid to Getty and his two partners, J.E. Crosbie, Inc. "agrees to purchase and take from the Seller...all the casinghead gas now or hereafter produced from the wells on the lands hereinabove described...." Casinghead gas is gas produced with oil from an oil well as distinguished from gas from a gas well. JEAN PAUL GETTY (1892-1976) made his first million dollars in the Oklahoma oil fields before he was 24. In 1948, he negotiated for oil rights in Saudi Arabia. The resulting 1949 deal established Getty as head of the Pacific Western Oil Corporation, the leading oil conglomerate. Renamed the Getty Oil Company in 1956, the firm became the world's largest privately owned business and made Getty a billionaire. Lightly creased, slightly soiled. Fine condition.

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