Casper Daily Tribune Newspaper, June 16, 1919, Page 4

TPG ert PETE TUE 5 ’ ~~ — = _ VERT a MONDAY, JUNE 16, 1919 Room 212, Oil TODAYS MARKETS BY WIRE Furnished by TAYLOR & CLAY toek on the Denver mark. l authentic information connected \; the section 3 well resulted ina fi which was quickly offset th orable reports of Saturday. ; GULLEASES GO === WELTONWING "THOT | Saree tha ene ENDING, LINE GREEK “TOWGH BIDDER <2 NENPROMOTION ety in . no special date is fixed upon which | i Aaapies ao ae sag Ta) : |95 and the Western States well on | (IN WETINESIAY ail setae os shall Standard Refinery Superintendent | section 3, Leaner Creek, will be add- | A discouraged counselor >; Exchange Bldg. yit must be started. The leases are) pk, well on the lind | Given Supervision Over West- led to the list of Lance Creek pro-|to the court, “My poor cli Local Stocks | Williams, EB. T. -- © 1.50 1.60 such a depth as will thoroughly pros- |ducers this week, according to field|tle likely to get justice dono },., Be ask | Western Explr. 3.15 3.20 | pect the land’ for oil. If oil is devel- | _ em Plants. | reports today. ~The resumption of | til. the -judgment-day.” Amalgamated Rity 1.37 | Wyo-Kans ___ 3.00 3.25 Three Tracts to Be Auctioned Off oped in commercial quantities, the} H. L. Welton, superintendent of | Grilling | to sink both wells into the! ‘Well, counselor,” said 1}. American —- 4 63 Wy-O-Tex -___-_ -25 380 | Stateh This Week bi lessee shall be entitled to a five-year | the Standard Refinery at Casper sand, reached last week, should bring | “if I have an opportunity j Atlas --_ ha -25 30 | Uaits. | at ate ets - ces ry | operating lease under such terms and ‘since the promotion of C. B. Manbeck! spout their completion and reports |for the poor woman myself on Boston Wyoming 62 65 | Stanley Greene $100 125 Commissioner of Public |conditions as usually govern such|to an executive position with the) +, this effect are expected any min-| day.” . Bessemer 22: 490 .25 | Mosher --- 600 800 Lands. | matters. ___| Standard Oil company of trian eS “Your honor,” replied th: Big Indian - 42 | 200 Club - 300_ 400 Stee | “The prospector’s lease provides/has been promoted to be general! ‘Westers Stated Nak chtideld decoy. “will have troubles of your « ati Burke Oil - = Uae | Teapot --. 90 100 (By F. L. BABCOCK) that if oil is discovered in commer- superintendent of the Standard re-| oa" i dep not the tet. that day2’—Boston Transcript?" Buck Creek - 6.75 K | CHEYENNE, Why J 1 cial quantities at any time during the fineries at Casper, Greybull, and} ressiol - Black Tait = ives 45 Now York Cute = NNE, Whyo,, June 16— tom of that lease it shall be sur- Florence, Cole, with the added dis- Columbine “32 35 | Midwest Refg. 1723 1734 | Leases on three tracts of state-own-| idered and an operating lease tinction of being assistent to Mr.| Con. Royalty 1.03 ‘ Midwest Com. - is) 2.50 |ed oil lands in three different parts tayen out, Under the terms of the| Manbeck, who is general manager) ; Gul 2.35 Migwest Pret. — oe |of Wyoming will be awarded at pub- 672+ operating lease the advance ren- of refining activities. Mr. Welton) : i aes r Merritt --- 0 28.00 lic auction Wednesday morning in tal shall not exceed $250, and the enters upon his new duties at once e Young Woman Oil & ‘70 4 Seewrek Ch = aie 32 poe ontice of A. oak, state com royalty shall not exceed one-eighth| and will be succeeded in his ‘former . 13 15 Cosden -- --_--- 110.50 10.62 | missioner of public lands. All three | ¢ the oil or gas produced. | position by A. E. Thompson, who will 13-15 | Okmulgee P.&R 2.50 2.75 are said to be situated in valuable|f.tae Sncrat etal of not less than have direct charge of the refinery eve pment ompany Ves! 25 .30 = 2 : = x f ra - z ~|leases, and their term is five years. Mr. Welton. - ces ae rs 08 07 New York Stock Exchange fos Sia) 28 anda se, bot 24-88, | 4 ctive drilling operations must be! A thoro knowledge of the refining} HA LEASED THEIR LAND IN YOUNG WOMAN TO 08 sb Oe Close |'" the Lost Soldier field in northern jcommenced within sixty or ninety business coupled with executive abil-| SITE, IN THE LANCE CREEK FIELD—DRILLING 71 .74 | Mexican Pet. ---- 75 | Sweetwater: county, and all of 36-43-| says, and the drilling prosecuted con-|ity demonstrated since his connec-| TO COMMENCE IN 90 DAYS 1.25 1.35 | Texas Oil _--- = pease tin oe field im Hot | tinuously and with diligence until the gion with the plant here won 7 Lusk Royalty --. 1.18 1.25 | Sinclair Oil --_-- | x yy |wells become productive: | promotion for Mr. Welton, who wi See Se. ‘ TREE TPAECIE 150, Jaleo | PU RN StseeS = Ne ae poe) ee : “Not Tess than one-eighth of theicontinue to make Casper his head- | RIDi: WITH THE LEASER—Buy a lot in the Young Woman Mountain & Gulf 55 | eases on two tracts of grazing oj] produced shall be the property of quarters. The position volves ¢ Pies ces . . Mosher Oil ----- 1.00 jlands will be auctioned off at the the. seats: as royalty, and must be greater responsibilities, made sos, Towasite oh — the again. ee ‘ogee Land Northwest ~~ ---- 64 \Same time. They are: 1-28-72, in marketed by the lesseé and account- importent by plans for expanding the | 3 Right Goes t Riverton Refg. —- Rity. & Pr. Corp. Sunset _.__.____ = } 94.16 |ty. No bid of less than $100 will! oy at the point of delivery, less such | largement of the refinery is a part. i 4 Tom Bell Rity-__ 1.20 | 95.40 jbe accepted for the former, and NONE! cost of canines as may be approved Young Woman Oi! and Development Co. Oit Stock. United Petroleum 10 | 94.36 | of less than $80 for the latter. |by the board. i | ——— Wind River Refg. AT 99.90 In the commissioner’s office Sat-} “The lease grants to the lessee all GEOLOGICAL WORK FAGAN & RUSSEL I WYOMING CRUDE OIL MARKET |the Lusk field, went to H. B. Har-|for, developing and removing oil, . 0. _ 2. RRA Warm Springs -.------- $1.00, Elk Basin ___ a 1.85 graves of Manville for $201, andjgas and kindred substances from the Crude Oil Testing a Specialty | P. 0. Box 48 iP _ MU Y 202 0.5. Bldg. Salt Creek 1.50| Grass Creek 1.85 | 16-35-85, in the Powder River field, |lands and all necessary rights of way|| Wyoming Map and Blue Print Co., | Lusk, Wyo. Manager Casper, Wyo. Big Muddy = 1.50] Lusk -__ - 1.80|)went to Max Winter of Casper for|for roads, trails and pipe lines, and|] Pp, O. Box 325. Rm. 10, over Lyric Pilot Butte 1.50|/Lander — ~ 1.26|the same amount. The northeast | for placing on the lands improve-| ., Wyo. LEASING MEASURE }16 and 36, Wyoming has state land|quire the lessee to install meters or | jwhich may be leased for oil and gas|measuring devices on the workings | | prospecting and development pur-j|in order that the the production may |poses. But not more than 640 acres|be definitely recorded.- These met- Provisions for Relief of Oil Op-; erators Set Forth in Copy of | Measure Now Before Congress. Following are the provisions of S. 1269, the leasing bill introduced in the United States Senate on June 2 by Senator Reed Smoot of Utah, so far-as they relate to oil and gas leases: A Bill to promote the mining of coal, phosphate, oi¥, gas, and sodium on the public domain. Be it enacted by the senate and house of representatives of the United States of America in con- gress assembled, That deposits of| coal, phosphate, sodium, oil, oil shale, | or gas, and lands containing such de posits owned by the United tates, | including those in natural forests, | the Grand Canyon National Park | and the Mount Olympus National | Monument, but excluding those in other national parks, and in lands | withdrawn or reserved for military or naval uses or purposes, except} as hereinafter provided, shall be sub-} ject to disposition in the form and manner provided by this act to citi zens of the United States, or to an association of such persons, or to ar corporation organized under the laws of the United States, of any state or territory thereof, and in the case of coal, oil, oil shale, or gas, to mu- nicipalities. | Oil and Gas See. 13. That the --cretary of the interior is hereby authorized, under such necessary and proper rules and regulations as he may prescribe, to grant to any applicant qualified un- der this act a prospecting permit, which shall give the exclusive right, for a period not exceeding two years to prospect for oil and gas upon not to exceed one thousand two hundred and eighty acres of land wherein such deposits belong to the United States and are located within any known geological structure of a producing oil or gas field, and upon not to ex-| ceed two thousand five hundred and} sixty acres of land wherein such de- posits belong to the United States} and are not within any known geo- logical structure of a producing oil| or gas field upon condition that the} permittee shall begin drilling opera- tions within six months from the date of the permit, and shall, within one year from and after the date of per- mit, drill one or more wells for oil or gas to a depth of not le han five hundred feet each, unless valuable deposits of oil or gas shall be sooner} discovered, and shall, within two years from date of the permit, drill for oil or gas to an aggregate depth of not less than two thousand feet unless valuable deposits of oil or gas shall be sooner discovered. The see- retary of the interior may, if he shall find that the permittee has been un- | able within the exercise of diligence to test the land in the time granted by the permit, extend any such per- mit for such time and upon such con- ditions as he shall prescribe. Wheth- er the lands sought in any such ap- plication and permit are surveyed or unsurveyed the appiicant shall, prior to filing his application for permi locate such lands in a reasonabl compact form and according to the | legal subdivisions of the public lan surveys if the land be surveyed; and in an approximately square or rect- angular tract if the land be an un-| surveyed tract, the length of which shall not exceed two and one-half times its width, and if he shall ‘cause to be erected upon the land for which a permit is sought, a monument not less than four feet high, at some con- spicuous place thereon, and shall northern Albany county, and 43- ed for at the best market price ob- 49-68, near Moorcroft, Crook coun- tainable at the point of production eompany’s interests in the ee ew} fields of which the prospective en- Lots selling at $100. Each purchase includes 1,000 shares of jurday section 16-32-64, situated in | the necessary rights of prospecting Maps and Blue Prints, Surveying ‘quarter of the southeast quarter of| ments incidental to the operation of < |section 3-49-73, a grazing tract near the lease. | Gillette, was leased by Ben Doud of| All operations under the lease are | Gillette for $25. junder the supervision of the board, | | In addition to the school sections,|and the board may at any time re-| We Are in the Market For All Offerings Of NEW YORK OIL Lester Brokerage House, Inc. 156 N. Wolcott St. Phone 1142 of school or state land may be held}ers must be subject at all times to} iat talao tice incardtiarldutcr. neae under oil lease in one name. It is|test and inspection by agents of the! aki innkummenk) siktihgsthat anaes not the policy of the state land board board. ' Giation’ foriipermiee will shes mate to issue leases on non-contiguous). “A surety bond of not less than} within thirty days'\after Gate of said | @nds unless they are so located that !$1,000 is required to guarantee the nitite the vane of the applicants] 22° well will thoroughly prospect] performance of the covenants of the| thalkdiatevafithelinctics Ganduecchte them and prove their oil value. lease. A default in the conditions | general’ description’) of (the land aan Oil and gas leases on state and | renders the lease subject to cancella-| belcovered ‘by such permit by rater |school lands are made subject to the |tion at the option of the board. | aaeente Meonraniand Wiistence from | Conditions existing in each field. The; “Where land hes heretofore been | GGG; dnnansent aid baaen Gothen nat-| Procedure followed does not seem to leased for prospecting, the board may! ural objects and permazent mona. |b generally understood in some'at its discretion increase the rental) ments as will reasonably identify the | quarters, and for the information of /on new prospectors’ Jeases or renew-/| land, stating the amount theréof in | those in doubt about some phases Mr. | als. _if the rental is increased the | acres, he shall during the period ae makes the following explana- | applicant will be called upon for ee thirty days following such marking Gpns jadditional_amount. and posting, be entitled to a prefer-| 2” r 7a ence right over others to a permit for the land so identified. The ap-} plicant shall, within ninety days af- | ter receiving a permit, mark each of the corners of the tract described in the permit upon the ground with substantial monuments, so that the boundaries can be readily traced on| the ground, and shall post in a con-| spicuous place upon the lands a no-| tice that such permit has been grant- | ed and a description of the lands cov- ered thereby: Provided, That in the | territory of Alaska prospecting per- mits may be granted to any quali- fied applicant for periods not exceed- ing four years, actual drilling opera- tions shall begin within two years from date of permit, and oil and gas wells shall be drilled to a depth of ‘not less than five hundred feet, un- less valuable deposits of oil or gas shall be sooner discovered, within three years from date of the permit and to an aggregate depth of not less than two thousand feet unless valu- able deposits of oil or gas shall, be |sooner discovered, within four years from date of permit: And provided further, That in said territory the ap- plicant shall have a preference right over others to a permit for land iden- ; tified by temperary monuments and { notice posted on or near the same for six months following such marking and posting, and upon receiving a | permit he shall mark the corners of | the tract described in the permit up-| on the ground with substantial monu- IF YOU COULD SEE AS FAR IN THE FUTURE As you can in the past, you would probably have all the money you would ever need. But time after time, the chances are, you passed up opportunities that looked good—AND WERE LATER PROVED GOOD—Just because the little i imp of fear whispered DON’T TAKE A CHANCE—YOU CAN MAKE NO MISTAKE NOW IN BUYING aaadMOod |the right of renewal as prescribed in| ments within one year after receiv-| ing such permit. Sec. 14. - That upon establishing to the satisfaction of the secretary of the interior that valuable deposits of oil or gas have been discovered within the limits of the land embrac- ed in any permit, the permittee shal) be entitled to a lease for one-half of | the land embraced in the prospect-| ing permit, suen area to be selected | by the permittee in compact form| and, if surveyed, to be deseribed by) the legal subdivisions of the publie land surveys; if unsurveyed, to _be surveyed by the government at the expense of the applicant for lease in aeeordance with rules and regula- tions to be prescribed by the secre- tary of the interior, and the lands leased shall be conformed to and tak- en m accordance with the legal sub- | divisions of such surveys; deposits | made to cover expense of surveys shall be deemed appropriate for that purpose, and any deposits may be repaid to the son or persons | making such deposits or their legal) representatives. Such leases shall} be for a term of twenty years with ection 17 hereof upon a royalty of 2) per centum in amount or value f production and the annual pay- ment in advance of a rental of $1) per acre, the rental paid for any one year to be credited against the roy- alties as they acerue for that year.| The permittee shall also be entitled to a preference right to a lease for the remainder of the land jin the prospecting permit at such royalty, not less than 5 per centum nor more (Continued on Page Six} Phone 703 520 East 3rd Street | e e ‘ e Powder River Syndicate Units. FOR THE SIMPLE REASON BOTH ARE ON THE VERGE OF MAKING GOOD Seeing Is Believing—Landscape Photos of the Powder River Field, Showing Operations of Winona--Ohio and Midwest ON EXHIBITION AT THE CASPER PHARMACY—NEXT TO CASPER NATIONAL BANK. THESE PHOTOS SHOW CON- CLUSIVELY THAT WE HAVE OIL IN THE REAL POWDER RIVER FIELD For Further Intormation Which W ill Be Cheertully Furnished, Address C. KIRCHNER P.O. Box 1117 CASPER, WYOMING ALVOIGNAS WaAARI