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- Dan O'Reilly, who has spent forty years working in oil fields, is about to strike oil when his land lease nears its end. J. C. Anderson of the Anderson Producing and Refining Corp. discovers that Dan's well is the richest in the history of Anderson's oil field, but because Dan's contract insures him a ten year additional lease if he strikes oil, Anderson tries to pay Dan to abandon his well. When Dan refuses, Anderson's men sabotage his drill. Penniless, Dan resigns himself to take the money, until his son Clifford, called "Fishtail," meets geologist Henry Langford, who promises to help. Henry then convinces Fishtail to go to school at night so that Henry can spend time with pretty schoolteacher Cynthia, who wants Fishtail to be the first O'Reilly to get an education. Then, when Henry discovers Anderson cheating the local independent contractors of a fair price for their oil, while unjustly foreclosing other leaseholders, he calls a town meeting. The townspeople confront Anderson, who appeases them, but the next day, while Dan rides the oil-drilling rig, the cables snap and he is killed. Henry is convinced Anderson is behind the murder. With two days left on the lease, Fishtail is nearly at oil sand when Anderson's thugs abduct Henry and Anderson tries to bribe Fishtail off the land. Fishtail refuses, so Anderson's men shut down the drill and knock him out. Henry, who has escaped, arrives in time to save Fishtail before Anderson's men dynamite the rig and the long-awaited oil is released. Cynthia, who has since fallen in love with Henry, then sends Fishtail to military school, and he returns a gentleman.
- The Standard Railroad Company plans to run a line through Wild Horse Valley, and this is known by Charlie Doan, who seeks to buy up all the land in the valley in order to make huge profits by reselling it to the railroad. Ranchers are forced to sell through fear of the "Night Riders", a group of henchmen hired by Doan. He has repeatedly tried to buy the Running M Ranch owned by Ruth Williams and her seven-year-old brother Dickie, but she refuses to sell. Roving cowhands Jack Benton and his pals Bill, Chuck and Mopey learn from Ruth about Doan's intimidating efforts to buy her ranch, and they hire on to help her with the wild horse roundup. Henchmen Steve and Pete burn the Running M's barn. Doan learns that Jack has bought an option on the Jim Green ranch and uses this information to turn Ruth against Jack. The latter tells Doan that he is a special investigator for the railroad and empowered to make property purchases for the right-of-way in his own name. Appearing to turn against Ruth and his employer, Jack makes a deal with Doan to acquire Ruth's property. But Jack has a different plan in mind that will put an end to Doan and his Night Riders.
- A young reporter's grandfather wins a sweepstakes, but it turns out that his ticket is phony. The reporter finds out that the police are looking for the criminal ring responsible for the phony-sweepstakes racket, so he and his young brother set out to track down the gang responsible and expose them.
- A man posing as Mark Henry is after Henry's oil land but Henry's niece is part owner and he needs to marry her off to his henchman Slager. Mountie Jim Sullivan arives posing as a wanted man and is soon caught up in the plot when Slager, wanting everything for himself, kills his boss and makes Jim a prisoner.
- Don Mallory is the younger brother of ace newsreel photographer Cliff Mallory, and is continually urging Cliff to let him become a cameraman rather than going to college. Cliff refuses. He is assigned to get some newsreel footage of heiress Betty Kelley, who has never been shot. She arrives at the airport accompanied by a phony Earl, to whom she is reportedly engaged, eludes the cameraman by dressing as the pilot and drives off before Cliff discovers the deception. She also destroys the film he shoots of her by sneaking into the Kelley's heavily-guarded estate. Don, with the help of his girl friend, Jean Roberts, fares better and while Jean attracts the attention of the guards, Don sneaks into the estate and makes off with the film, arriving back at the newsreel office in time to pass it off as Cliff's. When the film is released, Betty threatens a libel suit and finally buys the newsreel company as a compromise. She assigns Cliff to cover a baby parade. Meanwhile, the "Earl" finds himself in a dilemma. Instead of extracting money from the family, he is approached by Betty's father on a huge stock deal and, since the Earl is allegedly wealthy, he finds himself on the spot when Mr. Kelley marks him down for a $25,000 investment. His method of raising the money is to arrange for his confederates to rob a bank and he will go along as the gang leader. Don is in the vicinity and manages to film the robbery, and then eludes the gang. As the film is being ran in the projection room, disclosing the Earl as the robbery leader, the Earl and his henchmen arrive. A fast and furious battle ensues between the newsreel men and the gangsters, but Don and Cliff subdue them just as the police arrive. Cliff decides that Don's true calling is as a newsreel photographer. Fade to relief.
