In 1901 the Zipse family moved from Kansas in a covered wagon to a farm near Duncan. They spent almost a year in this area cutting timber for sale to other settlers.
In 1902 they moved to a 160-acre school land farm four miles north and three miles east of Walters, Oklahoma.
In 1917 oil was found on the homestead and Fred sold one half of his oil royalty for $50,000. That was a lot of money in those days.
This oil find was a new discovery and those oil sands were named after the Zipse family. Since this is a somewhat difficult name to pronounce, the Zipse Oil Sands are also called Zippey, Zipsee, Zippe, and several other variations.
With this new-found wealth, the family moved to Verden and purchased several farms in the area. They eventually sold all of the surface rights but retained half of all mineral rights.
Today all of the grandchildren and great-grandchildren are now sharing in these small royalty revenues.
In 1901 the Zipse family moved from Kansas in a covered wagon to a farm near Duncan. They spent almost a year in this area cutting timber for sale to other settlers.
In 1902 they moved to a 160-acre school land farm four miles north and three miles east of Walters, Oklahoma.
In 1917 oil was found on the homestead and Fred sold one half of his oil royalty for $50,000. That was a lot of money in those days.
This oil find was a new discovery and those oil sands were named after the Zipse family. Since this is a somewhat difficult name to pronounce, the Zipse Oil Sands are also called Zippey, Zipsee, Zippe, and several other variations.
With this new-found wealth, the family moved to Verden and purchased several farms in the area. They eventually sold all of the surface rights but retained half of all mineral rights.
Today all of the grandchildren and great-grandchildren are now sharing in these small royalty revenues.
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