Casper Daily Tribune Newspaper, April 7, 1917, Page 2

_—_—_—— PESECSESOD ? -ORADO FIELDS + >: ee 3, Colo., April 7.—Tow- ur feet into the air, an located just north of the Zadroni, twelve miles north zing, is the signal which tells mid of the first actual efforts vcate oil in northeast Colorado. ecologists and scientists, and just plain. men who have a faculty of guessing as to what lies beneath the surface of the earth in different local- ities, have ventured the opinion oft- times that there was a body of oil stretching across northeast Colorado, especially in Logan county. It remained for L. C. Patterson of British Columbia to make the state- ment strong enough and persistently enough to get people interested suffi- ciently to put their money into a com- pany to develop the thought and de- termine whether there was really any- thing to all the prognostications. So satisfied were a number of Prominent citizens of Sterling that there must be truth to the oft-repeat- ed promises that they got together, “chipped in” and with a dispatch sel-| dom equaled in the sale of oil stock they had a fund of $22,000. The Ster- | field was dicovered tho years ago by |Thomas S. Harrisgh, a geologist of | Denver, who proghptly filed upon a large acreage ip pany which hefformed. A large part of the area was withdrawn by the gov- ernment but not before validation was complete@. In a suit recently decided by the federal Court of Appeals the. government was defeated, and while this may or may not be regarded as a precedent, it is unlikely that any new actions will be begun to oust the loca- tors from the proprty. In the district was a considerable jranchers, and this was taken under lease by the Greybull Refining com- pany and the Ohio Oil company, and ;the present production is being ship- jped. These are only a little greater in extent than the located area, so that the possibilities of the entire field when fully developed may be imag- ined, Elk Basin was one of those rare |Spots in the oil development of Wyo- ming where the locators ‘beat the ‘government to it” and obtained their | the slowness of the special land agents who are supposed to curb enterprise jand prevent the development of the state. The locators, a number of amount of patented land occupied by) it is from these patented lands that) |rights without molestation because of | jleum company. This stock, to his | widow's astonishment, was found in| |his effects after his death. Today the | widow refused an offer of. $8,000 for the certificate. oe TRUMBULL GOING AFTER ILLEGAL OIL CONCERNS State Geologist L. W. Trumbull is} ‘launching a movement intended to re- sult in legislation barring the Wyo- |ming oil fields of promoters of illegi- |timate oil concerns who are interested in the sale of stock and not in the de-| velopment of oil holdings, Trumbull! states that his office is investigating a number of concerns who now are sell-' ing stock and which, while Wyoming has no “blue sky” law, may be reach- ed under the “pure advertising” bill which was passed by the last legislature. eg KANSAS CITY CAPITALISTS | INSPECTING HOLDINGS In company with W. D. Corbin, a company of Kansas City’s prominent business men have arrived from the, East to spend a week inspecting their | i Wyoming properties. Large invest- ments have already been made by |them in various parts of the State jand their faith in Wyoming is such T ie g wet . ot.| tha y are ed to increase this ling Oil company was formed and the| Phermopolis and Basin men, c omplet. | that, thy eater’ Pena Sains | as City are ent of the Frank sale of stock stopped by order of the directors of the company. Many others wanted to get in, but the men already said that no more stock should be sold, at least until it was found that there was some foundation for the belief that there was oil to be found. A contract was let several weeks ago to ©. A. Ingersoll of South Da- kota, a well-known oil well driller, and today there is a hole between 700 and 800 feet deep just north of Pa- droni, and another order has just been placed for more casing. The drillers and those back of the exploration are well satisfied with the character of the soil and shale that is being brought out. It gives evidence of oil-bearing substance and with ach new depth the investors believe that the promise that oil in paying quan- r brighter. > 4 toe ~ BEST OIL FOUND INGRASS * % CREEK AND ELK BASIN > be en ee ee ed The highest grade of petroleum in the United States, barring, posisbly the Warren oil of Pennsylvania, is produced from the wells of two widely separated fields of Wyoming—( Creek and Elk Basin, Both these fields yield oil which averages 48 to 50 per cent of gasoline, besides carrying large percentages of paraffine, and the refining value of their product is best shown by the fact that they command 50 per cent higher prices than the oils of any other Wyoming district. Grass Creek is producing 7,000 bar- rels a day under its present develop- ment and less than half of the proved area has as yet been exploited. The {ed their filings and immediately leased them to the Midwest Refining com- pany, the Ohio Oil company and the k Basin Petroleum company of Maine. The prodction is 5,000 bar rels of crude oil daily, which is piped to Frannie, where it is loaded on tank cars and hauled to Greybull for refining. > KANSAS OPERATORS TAKING SHOT AT WYOMING FIELDS CHEYENNE, Wyo., April 6 as the result of the offer of Kans as the resultof the offer of Kan operators to drill on land in Natrona County controlled by a syndicate of Cheyenne men headed by Albert B. Barlett. This land lies in township 37 north, range 82 west, about twenty miles southwest of the Salt Creek field and about equally distant from the Pine Dome field. The firs Wall Creek sand, geologists rt, lies at the surface in this district, and the second Wall Creek at a depth not greater than 500 feet. Only two wells in Wyoming have penetrated the sec- ond Wall Creek. The Kansas men are willing to sign a contract to begin drilling by June 1, Sane con $500 INVESTMENT NETS $8,000 TO WIDOW OF A CHEYENNE HOTEL MAN A Ss An interesting illustration of the spectacular manner in which some Wyoming oil stocks have increased in value is afforded by the case of Mich- ael McCloskey, a Cheyenne hotel) pro- prietor who died a few weeks ago Shortly before his death McCloskey, without consulting his wife, invested t | In the party from Ka Conway F. Holmes, pres well-known Pioneer Trust Co.; J. Dean of the Baltimore Hot City’s leading hostelry; V president of the Southwest Oil Co., yerating at Newcastle, where the latest oil boom is in full swing; Victor Flowree, prominent contractor of that place; Chester Jones, of the jbig Jones Department Store, with its staff of 1500 clerks, and J. Scott Harrison, a nephew of the former Re- publican president. | —$<—__—— = ,| REPUBLIC CORPORATIO BUYS NEW STEEL RIG ' The newly organized Republic Pe jtroleum Corporation has contracted for the finest steel rig that can be |procured and work will be started as jsoon as possible on the company’ \land in the Salt Creek field. The jlocal office of the Republic is with \the Casper Ice and Fuel company in |the Grand Central Hotel building. MARSHALL C. KEITH, M. D. Physician and Surgeon Special attention given to Obstetrics and Diseases of women and children Office Phone 30; Res. Phone 164 Blackmore Building, Casper, ‘Wyo. MARION N. WHEELER Civil and Mining Engineer Office in. Townsend Block, Casper, Wyoming '$500 in stock of the Glenrock Petro-! Denver and New York Wire Quotation Service Iris Building THE CASPER DAILY TRIBUNE Republic Petroleum Corporation Temporary Local Offices with the Corona Development Company Daly Building., Casper, Wye. — ORGANIZATION SHARES OF THE REPUBLIC PETROLEUM CORPORATION WILL BE OFFERED FOR A SHORT TIME AT 10 CENTS EACH, FOR THE PURPOSE OF QUICKLY RAISING ADDI- TIONAL FUNDS WITH WHICH TO DRILI. WELL NO. 1 IN THE SALT CREEK FIELD. THESE SHARES ARE FULLY PAID AND NON-ASSESSABLE, MADE SO BY THE MONEY YOU PAY WHEN YOU BUY THEM, AND THERE IS NO INSIDE “RAKE-OFF” AND No Promotion Shares THIS CORPORATION HOLDS OPTIONS ON CHOICE PROPER- TIES SELECTED FOR THEIR GREAT PROMISE. EACH PROPERTY WILL BE SYSTEMATICALLY DEVELOPED AS FAR AS POSSIBLE THIS YEAR, UNDER THE DIRECT AND EF- FICIENT SUPERVISION OF THE MANAGERS OF THE WELL- KNOWN Corona Development Company THE MANAGERS OF THE REPUBLIC PETROLEUM CORPORATION DO NOT CLAIM TO OWN OR CONTROL LARGE QUANTITIES OF LAND OR NUMEROUS CLAIMS WHICH ARE COSTLY TO CARRY. BUT THEY DO INSIST THAT A FEW CHOICE LOCA- TIONS SELECTED AND CAREFULLY DEVELOPED WITH- IN PROVEN TERRITORY, SURROUNDED BY OIL WELLS, ALREADY REGARDED AS OF GREAT VALUE, IS THE BETTER POLICY TO FOLLOW, AS SPECULATION IS THEREBY REDUCED TO A MINIMUM. THEY BELIEVE THAT THEIR OWN MONEY AL- READY INVESTED UNDER THAT GENERAL POLICY IS REASONABLY SAFE, AND THAT YOURS WILL BE EQUALLY SAFE. Prospectus THE PROSPECTUS IS JUST OUT AND PRESENTS PLEASING FEATURES AND NEW VIEWS QUITE OUT OF THE ORDINARY. GET A COPY AND YOU WILL BE IN- TERESTED ANEW IN THE SUBJECT OF MAKING PROFITS OUT OF OIL. Savoy Hotel, Denver, Colo. DONALD MacQUEEN, General Agent, Casper, Wyoming. Casper, Wyoming