Consumers Oil & Shale Company stock certificate 1918 (Arizona).

Nice vignette of the of Lady Liberty to the left. Issued and not cancelled.  Dated 1918. Some splits at folds that do not distract. Smaller format. Measures approximately 9.5 x 5.5 inches.

Incorporated c1916 in Arizona, the Consumers Oil & Shale was focused on early shale oil deposits in Utah. The company provided services including refining.

At Grand Valley, Colorado, the Consumers Oil and Shale Company of Chicago and the Grand Valley Oil and Shale Company have spent $25,000 in building roads to their property, preparing building sites, erecting buildings, all preparatory to erecting a 150-ton retort. The total cost is expected to be $150,000. In the Grand Valley region alone there has already been expended more than $100,000 in acquiring land, building roads, carrying on experimental work, and in the various expenses incidental to a new industry.

Arizona has a history of exploration for oil and gas, but significant commercial shale oil resources, like those in the Green River Formation, are primarily in Utah, Colorado, and Wyoming.

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