Casper Daily Tribune Newspaper, January 12, 1917, Page 7

Par Value of Shares $1.00 Each PRESIDENT, CHAS. LIEBENSTEIN, President Associated SECRETARY, DAVID H. GR The Tribune Publishi vw ees . t « IN THE Incorporated Under the Laws of the State of Wyoming CAPIFAL STOCK $240,000 OFFICERS AND DIRECTORS VICE-PRESIDENT Oil & Land Company IFFITH, ing Company ALEX B. KING, Attorney-at-Law Corporation Counsel First Public Offering of ‘Treasury Stock; 3. _» Wyoming Philadelphia Oil Company : Fully Paid and Non-Assessable JOHN TRIPENY, Tripeny’s Confectionery TREASURER, TOM S. FOSTER, Agent Adams Express Company THE COMPANY OWNS SECTION 29, IN TOWNSHIP 40 NORTH, RANGE 80 WEST, POWDER RIVER DOME, AND IS PURCHASING THE = MACHINERY AND EQUIPMENT TO BEGIN DRILLING ITS FIRST WELL WITHIN A VERY SHORT TIME. NO PROSPECTUS HAS BEEN ISSUEL) AND THE FOLLOWING FACTS ARE SUBMITTED AS THE BASIS OF INVITING AND ACCEPT- ING SUBSCRIPTIONS TO ITS TREASURY STOCK. 1 The Company’s lands are located in a district which has been examined and most favorably reported upon by many highly qualified and eminent geologists, from a few of whose reports are quoted the following excerpts: From the Report on the Powder River|From « Report on the Powder River Oil Fields by Oil Fields by PROF. W. C. KNIGHT MR. CARROLL H. WEGEMANN, | | : | U. S.G. S. April, 1901 | November, 1910 | “The structure of this field is ideal. The erosion has been sufficient to/ ue Saag oil sandstones and} -cmbling that of the Salt Creek oil not remove the most valuable area,|seiq, which lies some 15 miles to the qe ber the producing mre a near) the | outheast, but the strata in which oil axis of the anticline. “The distribution of oil is control- led by a structural dome much re-! Joccurs in the Powder River field are “Oil sandstones that will fill oil pits | jower in the geolugic column and to a depth of from 10 to 20 feet| older than those which bear oil at along the outcrop are seldom scen,/ Sait Creek. and the amount of oil and pressure| +*The whole structure is a duplica- necessary to accomplish this bespeaks! tion, of the anticline at Salt Creek, untold advantages of this field. lexcept that in the Salt Creek anticline “In conclusion, this field must be| the northern dome is the larger and considered one of the best in Wyo-| produces the oil. In the Salt Creek ming. The structural features are! dome only the rocks of the Montana ideal. There is onevery thick bed of| group are brought to the surface, oil-sandstone exposed, with good evi-| whereas in the Powder River Dome dence of two bower sands and the pos-| older formations are exposed. In sibility of a fourth in the Permian or| other respects the two anticlines are @arboniferous. |very similar and apparently were, |same forces acting in the same way. | From a Special Article by MR. EDWIN HALL “ - = ‘ ., Former State Geologist of Wyoming If, with an older school of oil, in The Casper Press, Sept. 20,°1915 i The Salt Creek oil fields are with- out doubt one of the most wonder- ful pools ever discovered, owing to the character of its oil, the proven produced contemporaneously by the men, we believe the accumulation of} oil is due principally to the difference between oil and water, the oil grad- ually working its way upward because of its lower specific gravity, the east side of the dome still appears to offer ‘ 4 the more promising fiell for prospect.|2sting quality of the field and the ing, for on this side, owing to the|!#ct that, after producing oll contin: gentle dip of the rocks, the gathering | UoUsly for four years ae wells are ground for the oil is extremely large, {Still flowing, practically yeas Nagreaga especially on the northeast. \sign of weakening, notwithstanding jthat there has been a constant drain presence of oil in two sands|of about 12,000 barrels per day dur- Morrison and its existence in|ing this period. The wells in this field nce formation, as well as its|are*producing from what is known as n the Dakota (at four hori-|the Wall Creek sandstone. After the zans in a stratigraphic distance of/oil in this sand is exhausted, there 00 feet) would seem to indicate aj stil! remains four other sands under common origin for the oil. It does)this field within easy reach of the drill. not seem unreasonable to suppose|Geologists and oil men have no doubt that it is working its way upward from|that all four of these sands will be as some source as yet undiscovered, and| productive as the upper onc, thus ex- that it collects in any sratisneltanaine the life of, the field into fu- which forms a convenient reservoir, | ture generations. The Embar formation and the overs] Lying adjacent to this field is the lying red beds are both within the | field known as the Teapot Dome, al- reach of the drill in the Powder River|most as large as Salt Creek, and al- field. ready proven to be oil bearing. Twenty miles west of the Salt Creek) position of the stratas of the Powder dome is the Tisdale or Powder River) River Dome are extremely favorable dome, the upper sands of which have for the existence and preseryation of been wasting their oil in springs or oil. = seeps, probably for millions of years,| “It is certain that there is off a yet lying under this structure is an| Powder River Dome, and more partie oil sand known as the Embar sand,|ularly so in the eastern portion, andi awaiting to give up its oil treasures as|it is my opinion that it is but a ma soon as some one has the nerve and ter of drilling to determine its quam capital to penetrate it with the drill. tity and quality’ and‘ dévelop the Dome into one of the best and dare ‘ . est fields in the State. ‘rom a Report of “In conclusion, will say 1 consider MR. D. W. HUDSON \the Powder River Dome _ posveuser on the Powder River Oil Dome great merit and possibilities, and Tally June, 1916 warrants development, whieh} howe no hesitancy in recommending. illustration of how structural KeelORY | Geolgint Le We Trumball-eages, "Up expresses itself upon the surface, of : : the, earth; au latructurally “thie loans | oetie bree Ene ae eee is practically ideal and it is readil Pigeons Te drilleghee-proyed to BS ha seen what the structure ishould re, reservoir rh 1 consider Powder: River Rate Pp dome a PERFECT STRUCTURE, en # ‘joying the advantages of shallow ter “The great wall that encircles this|ritory, inexpensive drilling, fine nat- dome with its elevations, forms)a|ural physical conditions, and, with the storage place for the oil and the gen-| combination of capital and intelligent eral theory among oil men is thet in| work, I can see no reason why the such places valuable accumulations| Dome should not develop into a very will be found. ‘ prolific oi) field, with legitimate in “The undisturbed and horizontal yvestment proving most profitable. “Powder River Dome is a splendic¢ Eminent Geologist Avers Powder River Dome is Among the Best Carroll H. Wegemann, the eminent geologist who spent many months in surveying and making a geological report on what is known as the Powder River oil field, in the north part of Natrona County, a few miles northwest of Salt Creek, was a recent visitor to the scene of his Iabors, and expressed him- self as being highly pleased at the activity in evidence, where he predicts that one of the largest and best deposits of oil to be found in the State wil! be opened up. “Tt has always been a wonder to me,” said Mr. Wegemann to a prom-| inent oil man at Salt Creek, “that development has persistently spread to sections possessing much less probability of containing oil in commercia) quantities while such a promising prospect as Powder River dome, lying | close to pipe lines, nas been until recently untouched.” A company of Kansas City capitalists have taken a lease on approxi- mately 7,000 acres of iand on this dome and have installed a standard drill- ing outfit on their holdings. E. J, Masson is superintending the drilling. } It is expected, weather conditions being favorable, that Mr, Masson will have reached the oil bearing sand by the middle of January. This company sree A special report was made on the property by Mr. D. Ww. Hudson which is herewith published in full, it being deemed sufficient to justify the: present development: Casper, Wyoming, October 2, 1916 To Wyoming Philadelphia Oif' Company, Casper, Wyoming Gentlemen: 11 | Complying with your request for my opinion on Sec. 29, in Twp. 40 N.,) Rge. 80 Ww. will say; the same general geological conditions in my report on| the Powder River Dome, a copy section of land and I consid as much so as any of the sections within the boundary of the escarpment possesses both merit and great. possibilities, | is financed br men who herve sufficient capital to carry their project to a successful end and they are offering nd stock for sale. The Bessemer Oi] Company will be one of the principal factors in the development of the Powder River field, owning a lease on about a thousand acres on the apex of the dome, and a lease on 640 acres in the Salt Creek field. The Bessemer company will he ready to operate before Spring and ‘section 16-41-81; The Engman Oil and Gas Co., of Calgary, Canada, have secured leases on half of section 25-40-81 and half of section 25-41-81 and half of section 8-40-81. Each of these companies is under $5,000 bond te guarantee ihat they will drill before June 1st, 1917, and Mr. Messier states that there will be at least nine rigs operating on his holdings next spring. The Powder River field contains the best defined dome and the most will drill their first well on the south half of Section 2-41-81, about a mile] perfect structure in the State, aceording to geologists who have made re south of the well now being drilled by the Kansas City company. R. J. Messier, of Denver, and his associates, % the Powder River field. A good part of their hold are leased to drilling companies who will begin their operations within the next few months. Among the companies who hold jeases on the Messier holdings are the Moun- a J _ | ports on the field and experienced oi] men who have viewed it and at once ontrol eight sections in| secured holdi _ _ The close proximity to the Salt Creek pipe lines, a distance ef about eight or ten miles, makes the d¥strict especially valuable since the preduct of the field is easily marketable at the Casper refineries. It is predicted that tain States Oil Company, and the Midland Oil and Drilling Co., both of} the Powder River field, which extends for a distance of sixteen miler north which will drill on section 36-41-81; the Hines Oil and Gas Co., of Okla- homa, and the Mid-Continenta!l Petroleum Co. of New York, each have se-| Wyoming oil ctreles—Casper Daily cured leases from Mr. Messier on school section 16-40-81; The Hines Oil| ‘~ and Gas Co., and the Mountain States Co., will drill their leases on school 2 many of which I have visited and worked upon during my past two months’ general Field work on the Dome. 4 In the four holes, bored to depths of 25 to 40 feet, to validate the land, | there is oil similar in nature and quality to the oil found in the small wells and “‘oil seeps” on Sec. 4, in Twp. 41 N., Ree. 81 W., which, as all geologists who have visited the Dome agree “must be working its way u ward from some source as yet undiscovered on the dome"; further proof of this is also |seen on the adjoining section to the west—Sec. 30, in Twp. 40 N., Rge. 80 W., where the validating work disclosed free oil at depths of 30 to 40 feet. Having thoroughly studied the formation of shales and sandstones of the surrounding country, I do not hesitate to say the indications for obtaining 6f which I herewith attach, obtain on this) oil of good grade on this section are most favorable. The Pressure from the rock and water formation surrounding it shows plainly “a flowing well” should be obtained and it is my opinion that a well and south and ten miles east ard ~est, be the next big sensation in ne, December 2, 1916, . > 4 P | drilled on the Northwest quarter of the Northwest quarter of the section | (which I recommend as the site for the first drilling) wil) result m a good | producer at from 1,000 to 1,200 feet depth. It is finely located for economical and effective operations, being on a acd Enos oney ot abou! close Ae walt Creek (to obtain cheap fae! while rilling the first well) and water for both drilling and domestic pu be had within a mile. | bi deed hes Ms Everything considered, I carisee no reason why ite development should not prove most satisfactory and have no hesitancy in commending it as a firet | class oil proposition worthy of investment, and one which should, under pro- |per exploitation and judicious management, result succestfully and profit- able. Very truly, | D, W, HUDSON, The company owns its property, consequently will get full benefit of ALL production: ‘ a2 4 It has a small capitalization—large- capitalization means earnings divided into small dividends, small capitalization means earnings divided into large dividends. Ret A. The directorate is composed of men who will manage the affairs of the company on a safe, sane, conservative basis; every- thing done will be in and for the interests of the stockholders. ji 42 62 ie The company’s property is contiguous ‘to lands controlled, ‘either iroupirownership’ ease, by some of the bestand larg- est operators of the couttty. Directly to the west are some of the lands quite recently‘acquired by Mr. Cortlandt Lawrence. Joining on the northwest corner is the section just leased by a minent Denver syn One mile northwest from the site selected for the compa ‘first well, preparations are being completed to begin drilling a well on Section 18, by the Rispin interests. ‘A bit further-north is the tract of 1,600 acres to be joped by. a-wealthy. urg syndicate. In close proximity » the lands:to be deve ‘by a syndicate of some of Denver's fay) “WYOPHIL” } A little company that is an oil-company, that is going after ¢ because, uc roduces Profit.” ' ° 5 i Bh “ A little” pins without bonds, preferred stock, debts, lia-| or ai _but_ its. own property and equipment in h you will have an interest as represented proportionately by the number’of shares'‘owned. . A i ra i S$ ee -os MOM S- FOSTER, 162 North Center Street, Casper, Wyoming; most prominent citizens early this spring. In fact, we will “neighbor” some of the best oil operators in the country. 7 In each of the four validating wells Free Oil is shown, prac- tically guaranteeing the company’s land from ever being includ- ed in a Withdrawal Act. 8 | The company will own its machinery and equipment and all) development will be under the direct supervision of a thorough- ly experienced field superintendent—the former means drilling of wells when and where wanted on its own lands and other lands whigh may be acquired ; the latter means “development at minimum expense.” r From attending geological conditions it is believed a pro- ducing well will *e brought-in within 60 days from the time drilling operations commence. What that will mean to the com- any bringing-in the first well on the east side of Powder River me to supply fuel oil to the mahy companies which will be op-| quest of three of the local directo erating there in the spring must be apparent to any thinking fiends: adk for an opportontty i hohe person. Realizing the large large dividends, from this source is the One and Principal rea- “WYOPHIL” ‘A little company of *‘the right kind” and “the right people” WAY y owning its property in a pros ommende at the rate of 25 cents per share must be made , oe ant a ‘15th, 1917, to fon rofits, which will naturally result in|“Co-operation begets Success”—and the directors of field which heated the acid.test,” and been ctust tighly rec-|most conservative business lines in the inte: by some of the most eminent geologists and thor- benefit of its stockholders. ~~ Py, son why operations will be started immediately, dewpite this |season of the year. | 10 Not a share of the Capital Stock issued in payment for the | property and expenses to date can be sold——-EVERY SHARE SO | ISSUED IS “POOLED IN TRUST” and absolutely not a share— jnot even the right to deliver a share—can be negotiated till the expiration of the pool on June 50, 1917. This means the sub- scribers to this offering of Treusury Stock “will get a full run for their money’’—that it will be used in behalf of the company and its stockholders and not for the profit and gain of any in- dividual] through the “unloading of his personal stock.” rst ae, There are no high-salaried officers, no unneeded or -whneces- sary administration expenses. Overhead charges are now ard will always be at the minimum.” aie q 12 4 ; i The present offering of Treasury Stock is the first stock of the company ever offered to the public and raed the special re- had so ma to Become entif 3 with the company, since its plans became'known, that the e- eom- pany work in harmony. are Batis 2278 Pan poe “WYOPHIL” 5h ] oughly experienced ‘oil men, and: is duet 4 ‘the’ who will see that “the right things” are done in’ “the right |of remarkable activity and 1 ant we PR ng —" J A little company which makes) Gl Promises—i tive oil fact promises‘nothing more than: tte flan J ed sa T ViAMA AG 4H ~ 117 -