Casper Daily Tribune Newspaper, January 13, 1917, Page 7

Par Value of Shares IN THE Wyoming Philadelphia OilCompany __ Incorporated Under the Laws of the State of Wyoming CAPITAL STOCK $240,000 $1.00 Each Fully Paid OFFICERS AND DIRECTORS PRESIDENT, CHAS. LIEBENSTEIN, President Associated Oil & Land Company SECRETARY, DAVID H. GRIFFITH, The Tribune Publishing Company of whose reports are quoted the following excerpts: From the Report on the Powder River|From a Report on the Powder River Oil Fields by | Oil Fields by PROF. W. C. KNIGHT | MR. CARROLL H WEGEMANN, ' April, 1901 November, 1910 “The structure of this field is ideal. | The erosion has been sufficient to! simply expose the oil sandstones and} not remove the most valuable area, i. e., the producing strata near the) axis of the anticline. “The distribution of oil is control- led by a structural dome much re- sembling that of the Salt Creek oil field, which lies some 15 miles to the southeast, but the strata in which oil joccurs in the Powder River field are “Oil sandstones that will fill oil Pits | lower in the geologic column and to a depth of from 10 to 20 feet/older than those which bear oil at along the outcrop are seldom seen, | Salt 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. | except 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 one very 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 G@arboniferous. |very similar and apparently were First Public Offering of Treasury Stock - and NonsAisscesable VICE-PRESIDENT JOHN TRIPENY, Tripeny's Confectionery TREASURER, TOM S. FOSTER, Agent Adams Express Company ALEX B. KING, Attorney-at-Law Corporation Counsel 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 ISSUED 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 produced contemporaneously by the same forces acting in the same way. “If, with an older school of oil 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 | the more promising field for prospect- ing, for on this side, owing to the ‘gentle dip of the rocks, the gathering }ground for the oil is extremely large, especially on the northeast. | From a Special Article by | MR. EDWIN HALL ‘Former State Geologist of Wyoming in The Casper Press, Sept. 20, 1915 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 lasting quality of the field and the fact that, after producing oil contin- juously for four years its wells are ill flowing, practically showing no sign of weakening, notwithstanding that there has been a constant drain “The presence of oil in two sands |,of about 12,000 barrels per day dur- in the Morrison and its existence in the Sundance formation, as well as its presence in the Dakota (at four hori- zans in a stratigraphic distance of 300 feet) would seem to indicate a common origin for the oil. It does not seem unreasonable to suppose that it is working its way upward from ing this period. The wells in this field are producing from what is known as the Wall Creek sandstone. After the oil in this sand is exhausted, there still remains four other sands under this field within easy reach of the drill. | Geologists and oi] men have no doubt |that all four of these sands will be as some source as yet undiscovered, and| productive as the upper one, thus ex- that it collects in any sandstone | tending the life of the field into fu- which forms a convenient reservoir.|ture generations. The Embar formation and the over- 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. se} ready*proven to be oil bearing. Twenty miles west of the Salt Creek dome is the Tisdale or Powder River dome, the upper sands of which have been wasting their oil in springs or seeps, probably for millions of years, yet lying under this structure is an oil sand known as the Embar sand, awaiting to give up its oil treasures as soon as some one has the nerve and capital to penetrate it with the drill. From a Report of MR. D. W. HUDSON on the Powder River Oil Dome Juno, 1916 “Powder River Dome is a splendid iiustration of how structural geology expresses itself upon the surface of the eurth, as, structurally, this Dome is practically ideal, and it is readily seen what the structure should pro- duce. “The great wall that encircles this dome with its elevations, forms a storage place for the oil and the gen- eral theory among oil men is that in such places valuable ‘accumulations will be found. “The undisturbed and horizontal position of the stratas of the Powder River Dome are extremely favérable for the existence and preservatien of oil. Pree “It is certain ‘that theye is oD a Powder River Dome, and more partie. ularly so in the eastern. ‘portion, and it is my opinion that it is byt a mmitt- ter of drilling to determine its quar- tity and quality and develop the Dome into one of the best and larg est fields in the State. ‘ “In conclusion, will say 1. consider the Powder River Domo powesses great merit and possibitities, and fully warrants development, which I have no hesitancy in reeommending, “In Bulletin 12, Page #30, State Geologist L. W. Trumbull -tiys:) “Up to the present ti every perfect. structure ‘ned as proved to be a reservoir.” I consider Powder River dome a PERFECT STRUCTURE, ven- joying the advantages of shallow ‘ter- ritory, inexpensive. drilling, fine nat- ural physical conditions, and, with the combination of capita) and inteljigent work, I can see no reason why the Dome should not develop into a very prolific oil field, with legitimate im vestment proving most profitable. ; 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 labors, 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 will) field. | will drill their D * said Mr. Wegemann to a prom- south of the well now being drilled by the Kansas City company. be opened up. “It has always been a wonder to me,’ inent oil man at Salt Creek,. “that development has persistently spread to sections possessing much less probability of containing oil. in commercial quantities while such a promising prospect as Powder River dome, lying close to pipe lines, has been until recently untouched.” : A company of Kansas City capitalists have taken a lease on approxi- rgately 7,000 acres of land 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 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 Oi]"Company, Casper, Wyoming Gentlemen: s50610 5 3 eae Complying with your request for my opinion on Sec. 29, in Pp. ” Ree. 80 W.. will eye ihe same general geological conditions in my report on the Powder River Dome, a v6, t _on tl section of land and I considerit possesses both merit and great possibilities, as much so as any of the sections within the boundary of the escarpment successful end and they are offering no stock for sale. } The Bessemer Oi] Campany will be one of the printipal 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 The Bessemer company will be ready to operate before Spring and rst well on the south half of Section 2-41-81, about a mile R. J. Messier, of Denver, and his associates, control eight sections in the Powder River field. A good part of their holdings are leased to drilling companies who will begin their operations within the next few months.| Among the companies who hold leases on the Messier holdings are the Moun™ tain States Oi) Company, and the Midland Oil and Drilling Co., both of which will drill on section 36-41-81; the Hines Ofl and Gas Co., of Okla- homa, and the Mid-Continental Petrdleum Co. of New York, each have se- 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. x In the four holes, bored to depths of 25 to 40 feet, to validate the land, there is oi] similar in nature and quality to the oil found in the small wells and “oil seeps” on Sec. 4, in Twp. 41 N., Rge. 81 W., which, as all geologists who have visited the Dome agree ‘must be working its way upward from some source as yet undiscovered on the dome”; fu: per piel of this is also seen on the adjoining section to the w c. 30, in Twp. $f N., e. 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 ‘of 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 is financed by men who have’ sufficiént capital to carry their project to a|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. guarantee that they will drill before J Each of these companies is under $5,000 bond te une Ist, 1917, and Mr. Mesyier 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 |perfect structure in the State, according to geologists who have made re |ports on the field and experienced oil men who have viewed it and at once secured holdings. j The close ‘proximity to the Salt Creek pipe lines, a distance of about eight or ter les, makes the district especially valuable since the product |of the y, marketable at the Casper refineries, It is predieted that the Po eld, which extends for a distance of sixteen miter north land s mi | Wyoming oil ctrcles.—Casper Daily 7 be had within a mile. able. (woe : The company owns its property, consequently will get full benefit of ALL production. b It has a small capitalization—large capitalization means earnings divided into small dividends, small capitalization means earnings divided into large dividends. 5 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. “ine 6 The company’s property is contiguous to lands controlled, either ehrotigty Senerehtp or lease, by some of the best and lars: est operators of the cones Directly to the west are somegof the lands quite recentl¥acquired by Mr. Cortlandt Lawrence. Joining on the northwest-corner is the section just leased by a prominent Denver syndi . One mile northwest from the site selected: for the companyé first well, preparations are being completed: to begin drilling a well on Section 18, by the Risp interests. A bit further north is the tract of 1,600 acres déveloped by a wealthy Pittsburg syndicate. In close proximity are the lands to be developed by a syndicate of some of Denver's fi ot. “WYOPHIL” company that is an oil company, that is going ‘after “Produetion ‘Produces Profit.” “— ————— without bonds, preferred stock, debts, lia- “put. its own property and equipment in as represe’ ol. avonreweaat eo > Law | a2 48 otis < Se Sembee ere eer eat satiny heart in to be| pe nted proportionately! field y BE D> sdosw ee wition wate si 9d iw aeqas. jmost prominent citizens early this spring. In fact, we will \“neighbor’” some of the best oil operators in the country. Ff In each of the four validating wells Free Oil is shown, prac- itically guaranteeing the company’s land from ever being includ- ed in a Withdrawal Act. of wells when and where wanted on its own lands and other lands which may be acquired; the latter means “development at minimum expense.” , « 5 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 Dome to supply fuel oil to the many companies which will be op- erating there in the spring must be apparent to any thinking zing the large rofite, which -will naturally yesult. in dividends, from thi large “WYOPHIL” kind” and “the right people” done in “the 4] aut ahah Bate compen reel 3 ae x: ‘ : rate of 25. source is the One and: Principal-rea- |season of the year. east ar’ ve: class oil proposition worthy of investment, and one which shou per exploitation and judicious management, result successfully and profit- 10 Not a share of the Capita] Stock issued in property and expenses to date can be sold—| st, will be the n«vt big sensation in vunec, December 2, 1976. drilled on the Northwest quarter of the Northwest quarter of ‘Ube sdction (which I recommend as the site for the first drilling) will result in a good producer at from 1,000 to 1,200 feet depth. It is finely located for economical and effective o rations,’ bein; good road, easy of access, close to Salt Creek (to o drilling the first well) and water for both drilling and domestic Parposes, can 3 ona in ¢heap: fue" while Everything considered, I can see no reason why its development ‘should not prove most satisfactory and have no hesitancy in Sore ending it as a first 5 under pro- Very truly, D. W. HUDSON. |son why operations will be started immediately, despite’ this yment fer the YY 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 8 ene : 4 , will own its machinery and equipment and all) expiration of the pool on June 30, 1917. This means the sub- alivelseaent wil be under the direct supervision of a thorough-| Scribers to this offering of Treasury Stock ‘will get a’ full run ly experienced field superintendent—the former means drilling| 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.” sary administration expenses. will always be at the minimum.” 12 ‘ The present offering of Treasury Stock is il tbs There are no high-salaried officers, no unneeded or woneces- Overhead charges are now and the company ever offered to the public and ‘is at th: uest of three of the local nds ask for an opport company, since its plans be “Co-operation begets Su pany work in harmony. oughly experienced oil mb ‘of remarkable activity and _ A little company which fact promises nothing more | s “ roperty bs) all : t,”” and been most highly rec-|most conservative business lines eminent geologists and thor- benefit of its stockholders. ; © cents per share must be Moulay, ron >. Its aff: ee ; ee