The Lone Hand Texan (1947)

Steve Driscoll arrives to help a friend who is trying to bring in an oil well. He finds that the well has been blown up and the workers have quit. He gets the workers back on the job and orders a new drill bit . When the drill bit is stolen he organizes the townspeople to invest in the well. But when the money is collected, a fake Durango Kid shows up to take it and flee