1927 The Texas Almanac and State Industrial Guide Page: 3
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MAGNOLIA PETROLEUM COMPANY. 3
332 service stations, 623 tank wagon stations, 136 iron barrel
stations and, in addition thereto, has 1,945 agencies through
which its products are sold.
The Magnolia Pipe Line Company's system serves the North Central
Texas and the Oklahoma oil fields with three main trunk lines from North
Central Texas and Oklahoma fields to the Gulf Coast at Beaumont, Texas.
It has a trunk line from the Ranger fields in Western Central Texas to its
main trunk line at Corsicana, Texas, and has in operation a line from the
Luling field in South Central Texas to its main trunk line at Hull, Texas. It
has a line from the El Dorado fields of Arkansas to the oil fields of Louisi-
ana to the Gulf Coast at Beaumont; a line from Bull Bayou, Louisiana, that
connects with the El Dorado line just referred to; and a pipe line from the
Luling fields, Caldwell County, to the Laredo and Mirando fields in South-
west Texas near Laredo, Webb County, Texas, making a total of trunk lines
now in operation of 2,530 miles. At this time its gathering system of pipe
lines consists of 1,334 miles.
The Magnolia Gas Company, a subsidiary of Magnolia Petroleum Com-
pany, in 1924 built and now operates a natural gas pipe line system from
Sarepta in the northern part of Louisiana in a southwesterly direction to
Latex, Texas, near Bethany, Louisiana, thence south to Beaumont, Texas,
and from Beaumont to Neches, Texas. This pipe line is welded throughout
and is telescopic, consisting of 14-inch, 16-inch and 18-inch pipe in each of
the three main line divisions. The total length of the line is 227 miles. Its
capacity is approximately fifty million cubic feet per day. The greater por-
tion of the gas is used by Magnolia Petroleum Company in its refineries at
Beaumont and Magpetco as fuel in operating its said refineries.
The companies and their subsidiaries have in their employ 14,486 em-
ployes. On the basis of five persons in each family the companies and their
subsidiaries support 72,430 people, the great majority of whont reside in
Texas. Based on the census of 1920 said employes and their families would
make a city of the combined population of Abilene, Beaumont, Breckenridge
and Texarkana. The average monthly pay roll is $2,100,000.00,-naking a
total of $25,200,000.00 per year.
Said companies paid State, county, municipal. and other taxes for the
year 1925 in approximately the sum of $6,377,506;57; paid to land owners
in the way of royalties during the year 1925 the sumn of $3,259,000, and for
rentals on leases the sum of $395,004.00; making a grand, total of $10,931,-
510.57 paid in taxes and to the public in general. Payments for the year
1926 will exceed these figures.
The loyalty of the employes is the foundation upon which the Magnolia
Petroleum Company and, its subsidiaries are built. Each employe may par-
ticipate to the extent of twenty per cent (20%) of his salary in the purchase
of stock, and for each dollar so used the Companies advance, in addition
thereto, fifty per cent (50%). The great majority of the employes are
stockholders in the companies. A sick, death and pension benefit is provided
by the companies for each and all of their employes.
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1927 The Texas Almanac and State Industrial Guide, book, 1927~; Dallas, Texas. (texashistory.unt.edu/ark:/67531/metapth123785/m1/7/: accessed May 28, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Texas State Historical Association.