Casper Daily Tribune Newspaper, September 3, 1919, Page 4

row Local Stocks } >) Wy-0-Tex = 22 25 | Steady Development j Drilled Year Ago New York Curb } ee 2 In the annual report of Producers ~ Bid Ask {and Refiners corporation it is stated KEMMERER, Wyo., Sept. 3,—The Midwest Refining . 177 178 that the company’s net earnings have Fossil Oil field near here has proven | Midwest Common - 1.75 2.25 |increased until they now are running | itself hd nae re eg Peying, ot . at the rate of $200,000 monthly, and | Propositions 0! ie - + ogy obpeged z: 4 ‘= Hs when extensions now under way | 20na-Wyoming Off company’s well Rakes 2 “60 ate completed earnings will exceed No.1 has been placed on the pump Bock Greek : 3.10 $800,000 monthly. This compares an@ given a thorough test. This Black Tail "31 with exrnins of $50,000 @ month for | tes was completed and the well Columbine _. "40 jthe preceding fiscal year. | Proved to be a 75-barrel producer. Consolidated 1.07 St. Cr. Pr, Assn. 00! The balance sheet shows that as} Well No. 2 was also given a test Cow Gulch 1.40 West. S. 0. & L._. 3.75 400 (pf May 81, 1919; the company’s cur- at the same time and, while not so Elkhorn = 3g | Prod. & Ref, com. 8.75 9.00 |rent — amounted tanieeee GE 1 is good 3 gree Pe FS |097.58, against current liabilities of | that arrels. Neither of these ER cepts New York Stock Exchange =| 656,062.14; the current assets be-\wells have been cleaned out and tho Sapiter ‘“ “05. } Mexican Petroleum --192% 194 jing almost three times the current) drilled in for more than a year. Oil Kinney 25 85 Texas Oil -- -264 263 | liabilities. jmen state that when the wells have Lance Cr. Rity. “68 Sinclair Oil - -,58% 58% | F. E. Kistler, president of the com-| been placed in proper condition they tek Ba valty : “62 U.S. Steel _ -105 107% | pany, in his statement to stockholders, | will produce several more barrels of tank Pees ‘as | says that the “most important de-| oil per day. Mountain & Gulf__ 167 70 | velopment in the company’s affairs) p 1, Mullen, president of the com- Mosher Oil me fer el has been its acquisition, near the pany, steted that he has a rig en- psx S F ; * Northwest 5055 | close of the fiscal year, of the stock \route and that it is expected to ar- Outwest 06 = 08 | jof the Kistler Refining company: vive here some time during this Picardy 08) 10 | jwhich gives the company control of/ eek He expects to begin drilling Riverton Bi 18 © 20 ‘| ® modern refinery at West Tulsa,| 2. soon as the rig can be-placed in Sunset .19 21 hanes Well No. 1 of the Arizona~Wyom- Tom Bell Rit 36 © .42 |. “The company has also been @c-|i55 company was driiitd in at a United Petrol 07 10 itive,” adds the report, ‘in extending ! depth of 237 feet and well No. 2 wis Ri Lge a mi |its field operations, with the object: \oc: than 200 feet deep. ta Wiliams EAT 14s 155 | jof assuring itself an adequate supply), The oil in the. Fossil Field is of Waseutnx = 75 3858 | [Of its own crude oil to meet the ex- |. exceptionally high grade and ex- ——— — oi 1 oe |pansion of its refining and market- Senet <0 dina aee, eae Tk Wyo-Kans = 2:00 J! Victory Loan _--~ 99.46 ing requirements. Among its most 2 iy will nal me Saeiae WYOMING CRUDE OIL MARKET |important activities in this direction | >’ pave pastes <a $1.00EIk Basin 1.83 |bas bee the acquisition of acre-/“#¥ “Te ® Paying proposition. 4 a 3 185 |age in the north Texas fields, where Geod P; rhe je dy obtained considerable regress on Deep Well 10g |i des, aiesay, 2 The Gulf Coast Oil company has et production, and the deyelopment ot ae pany - 1.25 | \started drilling a water well. It har MOWEST WILL ENLARGE PLINT Ambition Is to Refine All Wyo- ming Oil in State, Says Company President CHEYENNE, Wyo., Sept. 3.—‘“It is my opinion that every barrel of bil purchased in Wyoming shall be} refined in Wyoming. I hope to see! the time when the products of Wyom- ing refineries go in tank cars from ‘Wyoming to Seattle on the one side and Bayonne, N. J., on the other| side.” * In this way H.&. Blackmer, presi- dent of the Midwest Refining com-| have purchased a new National rig.| pany, expressed his enthusiasm over ‘possibilities in this state. The state-| well oil men have greater tonfidence | ment was made at a meeting of Chey-| enne business men last week. Mr. | Blackmer continued: | “Our company has caused between | seventeen and one-half and twenty/ million dollars to be brought into Wyoming. And of that amount all but five million have remained. We have stuck to the game where others Furnished by TAYLOR & CLAY Room 212, Oil Exchenge Bldg. (OL BRIEES | Red Rose Is Drilling Scene An important piece of local oil | news this week is the announcement by the Crescent Oil company that they have secured a lease on 800 acres on the Red Rose dome, twelve miles northwest of Thermopolis and will be spudded in within the next few days. This is a shallow structure and the company expects to get a high grade of the black oil, similar to that encountered lately at Hamilton dome, at about a thousand feet. To Drill on Greybull Banks The American Oi] company is mov- ing equipment preparatory to spud- ding in near their present well on the ‘bank of the Greybull river. They Since the coming in of the Red Rover in this field. The Aladdin Oil com- pany is near these wells. ° To Start Work on Pipe Line P. J. O'Connor, superintendent for the Illinois Pine Line company at Greybull, will leave about September 1 for Hidden Dome, where he will superintend the arrangements for FARNINGS REACH FOSSIL FIEL $700,000 MONTH “Acimual Report of Producers and jg Paying Proposition as Shown | Refiners' Corporation Shows | Thru Test of Two Wells BS sage Py scunstae ade been having considerable trouble in lithe company also has acquired a| Securing sufficient water for drilling valuable property in the Homer field , PUrPoSes. i i jin Louisiana and has continued the They are making splendid head- development of its Wyoming proper-|W#¥ on their deep well and have ISTESTEDOUTIN FERRIS FIEL ties with promising results at this | time.” To provide an outlet for its own production and to supply its refinery requirements, the company has built reached a depth of more than 700 feet. Will Pump McCormick Well P. A, Bergen and a force of men readway. hat the oil sand will be found at a lepth of 2,200 feet. ESDAY, SEPT. 3, 1919 oration. When this new sand was Serack the oil flowed up over the top of the casing. The estimated capaci- ty of the well has not been deter- mined as yet nor has the thickness of the sand. p Making New Plat Producers & Refjners’ corporation |has a party of engineers in the field | making a new plat of the Ferris dome. to be ‘Sead Ferris dome and will in all probat ili-| err ‘ ty locate them on its lease near! The engineers expect to finish their : lwork in this field’ soon, Just as Good Headway and Big Strike Expected Svon O'Brien springs. It is said that the : a —- field will be thoroly tested and the/soon as they finish im the Ferris RAWLINS, Wyo., Sept. 3.—Offi-| work of spudding in will start soon. field they will leave for the Elk cials of the F "Brien company mountain section where they will in the Ferris fi are well satisfied|' Rig Burns When Gas Is Struck (spend some time doing similar work. i progress y ismak-| The U. S. Petroleum company,| ae ORS cue drilling on section 16, struck gas last | ing in this field. An order was re- cently placed for a new standard rig| week and burned up the rig. , Lost Soldier Oil Company to be taken to the field as early bei possible and a hole will be spudd: . 4 in within another week, it is hoped.| The Lost Soldier Oil company has/anq had moved the engine farther Interest is increasing in this com-/started drilling on sections 15-26-89,/ sway from the hole in order to pre- pany owing to the fact that its hold-|Lost Soldier field. This location is) ent the gas catching fire. Should next to the U. S. Petroleum well and 4);. report be true it means that the This} proven area of the Lost Soldier field ings adjoin the Dillon Oil company, |” r k n which is expected to bring in a well|is considered a fine location. within a few days. popes Dagan pate Ht fest! ill be extended over the present and drilling was discontinued. The| tools have been recovered and a new) hole is being drilled now. | veloping this section on a large scale eereal figs will be moved be 3 the ground and operations commen shortly. Only shallow driiling will be necessary to test the structure, ac- cording to geological data. Moving in Three Rigs 2 The New York Oil company is moving three standard rigs to the WANT OPERATOR U. S. Petroleum Get Gas A report reached Rawlins this weck |that the U. S. Petroleum, drilling on | 16-26-89 struck a large flow of gas size. SE ee aS ee COLLECTIQNS | | Asai sy Sicctice mes eharee | || THE WESTERN STATES ,COL- | LECTION AGENCY ( Bonded.) N. Center St. Teiephene SS89-W Casper, Wyom! Down 1500 Feet, Report The Dillon Oii company in the Fer- ris field is reported down better than 1500 feet and it is thot that the pay sand will be reached within a very few days. Stock in this company has had a sharp increase owing to the possibilities of a strike. Refutes Gas Report The Fremont Oil company, now drilling in the Lost Creek section, is said to be making good progress, tho} some difficulty with water has re- tarded operations. The report that the’ company had struck gas is un- founded, according to company offi- cials, who believe that prospects for getting oil within a few hundred feet, are good. Spudding In On 5-25-87 Mahoney Dome syndicate has a rig on the ground and will spud in within a few days on its holdings on section 5-25-87. Producers and Refiners In drilling t¥e hole in which oil ‘was struck a week ago Saturday 100 feet deeper, another oil sand was a s FOR GOOD WEARING THE DESIRE ippars created by our attractive display of latest designs 247 as well as conservative models. | Specially Priced at— Down 1900 Feet In Ferris Sand Hills Oil company well No. l in Ferris field is reported to be to jown 1900 feet and is making good e e 2 Company officials believe ja pipe line from the Youngstown |#re this week erecting a rig over the |Field of Oklahoma, serving the Beges | Lincoin-Idaho Oil company’s McCor- land Youngtown fields, and running ;Mick well ‘in the Dry 7 ney field. It |thru the Mounds and Bixby fields. It is the in*ention of t< company to is now constructing an additional line ‘clean this well and Place it on the from Beggs to the West Tulsa refinery Pump as soon as possible. This well ja distance of forty miles and is also | is said to produce the highest grade | building a pipe line from the Burk- | oil known in the world at the present burnett field to Lawton, Okla., a dis- | me. \ tance of fifty miles, from which point — its crude oil will be shipped by tank Expect to Reach Sand Soon cars to the West Tulsa plant and{~ The Wyoming-Pacific company has other refining companies. These pipe(reached a depth of 480 feet with its lines will supply the company with | well and is now drilling in a sand- a large supply of high grade crude|stone formation. The company ex 6a pects to reach the oil bearing sandr the latter part of the week. This well is being closely watched by par- ties having holdings joining those of the Wyoming-Pacific company. ——$<————— es near the Rock River field; Ilo Ridge | anticline near Thermopolis, and 1lo- cations have been made and materia) moved in for the development of sev-! eral other structures, | The condensed balance sheet for | the year ending May 31, 1919, shows | With the completion of the pipe lines now being built the company! will own and operate approximately 230 miles of oil and gas pipe lines. The company has a steel storage ca- pacity of more than 800,000 barrels and it owns and operates 400 steel tank cars in addition to the cars which it has under lease. Leaseholds now} cover 203,480.6 acres in Oklahoma, Texas, Louisiana, Wyoming, Kansas { and New Mexico. star rig, with which they hope to have quit. We are putting all the| the connecting up of the gas wells meney we can into this state. We) of the Ohio Oil company in that sec- hope to be able to continue to do so.| tion, to supply gas to the Midwest I don’t mind telling you that we plan| and Standard refineries in this city, to increase our business in‘ Wyoming | and to the citizens of Greybull. The from 50 to 60 per cent in the near | work of laying the pipe line which will future. Within the next twelve or|be eight inches in size, will begin eighteen months we propose to spend | shortly, in order that it may be com- several million dollars in additions to our refineries so that they will be- come probably the biggest in the country. “My friends in the east tell me that we should refine our crude near- er the larger centers. But we are strictly, solely and entirely a Wyom-! ing enterprise. This section is going to grow faster than any other sec. tion in the United States. We are with you; we want you to be with us.”” SPLIT HILL AGREAGE BRINGS $1 AN ACRE What is said to be the highest price ever paid for wild cat acreage was paid recently by the Penn Oi] com- pany of Philadelphia to the Wolfrang| Oil company for 800 acres in the Split Hill field. This field lies about 40 miles. northeast of Donglas and is about 18 miles west of the Lance Creek field. The price was $12.50 an acre, or $10,000 for the tract, which is said not to lay in the best part of the field, according to persons familiar with the structure. There is no drilling in this field at present, which makes the price paid more re- murkable. The Penn Oil company owns wells in the Brenning Basin field west of Douglas. The president of the com- pany is Lewis Dixon of Philadelphia, William Dixon being the local man- Geo. C. Swartz District THE NORTHWESTERN NATIONAL LIFE Insure Your Income OIL LANDS—LEASES 405, OIL EXCHANGE BLDG. ROOM ‘ PHON pleted before winter sets in. | Will Drill Near Frannie |__It is reported this week that the | Midwest will start drilling in the vi- | cinity of Black Ruth, which is eight | miles out of Bridger. It is al8o re- ported a closed corporation recently struck a good well of oil in this lo- ‘ality, and that information is hard | to get but it is surely known that re- | sults have been favorable. President Kistler further says: “During the year we have developed | substantial increase in our production | of crude oil and have proven up aj large additional acreage. At this time we have a production of apprexi- mately 3,500 barrels of oil and up_| ward of 100,000,000 cubic feet of} ‘natural gas per day. In addition te this we have approximately 2,500 barrels daily oil production shut in, which will be marketed as soon as the wells. Our production should be further increased by approximately 3,000 barrels per day by completing wells which are now on top of the sand, and drilling operations now in progress shduld result in a further substantial increase in our crude oil i Find Oil Out of Structure | An authentic rumor states that the| has been continued on the company’s | | Ohio Oil company has encountered @| Wyoming properties. output.” An active development campaign . Its principal pipe line connections can be made to} | big oil well on section 3-39-79 in thé| holdings in this state are centered | first Wall Creek sand near Worland.|in the Sand Draw field near River- The well, it is reported, was encount-|ton; the Ferris and Lost Soldier fields, ; ered at a depth of 2350 feet, the oil|near Rawlins; the Rock Creek field | rising in eight-inch casing 2257 feet|near Rock River Station, on the after the sand had just been pune-|{nion Pacific railroad and southwest total capital assets of $19,850,678, | of which $16,975,097 is leaseholds, | 2,250,754 plant account and $595,- 435 in tank car leases, crude oil con- | tracts, ete. ' Investments include $4,475,475 in | stocks and bonds of other companies | rand $32.882 in government bonds | and war stamps. | Current assets include $1,011,970 cash im bank, on hand and in transit, | and other assets bring the total up to| $26,771,633. | ed | Canned pears will be high this | winter. Do your canning now. Bart-| lett pears are in. Special prices per ;box at all grocers. $-2-3t | en It is said that a full grown el phant can carry three tons on its back. tured. from Laramie; the Lance Creek field ———_—_ LEG BROKEN BY FALL | _ A foot race Monday proved rather disastrous for Ethel Miller. A se- | vere fall while running caused a bro- | ken leg and she was taken to the | State hospital here. She was report- | ed as doing nicely this afternoon. et Delicious Bartiett pears for can- ning. Buy them now for canning. |= | “At all grocers. 9-2-3t! | WANTED |] Let us figure your peint bill. We do ail kinds of painting by day or job. || Furniture Mefinixhing 2 Specialty. |] We handle Sherwin-Williams Paints I and Varmehes Call 406-W. cor R. R. & Durbin. Manager INSURANCE CO. Ee 1184 Whitehead Dome Test RALSTON SHOES. Union Made. Producers & Refiners’ company spudded in this week on hoidings re- ently in Whitehead dome near Elk nountain. The company is using a each the desired depth. Two weeks’ lrilling is believed will give this field a desired test. i Cabaet ¢ WYOMING Lease Near Saratoga Eastern capitalists last week leased 5 sections of land near Saratoga, ccording to authentic reports. It is said that these interests plan on de- “Home of the Society Brand Clothes” 164 South Center Street CASPER, WYO. “Holmes to Homes” WINCHESTER HEADQUARTERS | Slit SHOT GUNS i Here’s a Chance to Get Into RIFLES =|) AMMUNITION FISHING TACKLE where the big Associated Oil Co. of California has leased everything they could get. Ihave a short-time option on a lease on 320 acres, all within the escarpment, located one mile from the first well that will be drilled. Lease does not require any drilling until May 1, 1920, and want to meet a few people who will put in ANNOUNCING THE GRAND OPENING —of the— PALISADE’ GRILL Basement American Cate Thursday at 8 p. m. Meals a la Carte—Soft Drinks at thé Fountain Select 3-piece Orchestra Composed of Mr.and Mrs. O. H. Krausse, Frankie Franse Dancing Features Mr. and Mrs. Burt Doremus, Proprietors $100 to $500 in proposition. You have seen many times what Big Profits 7 be made in nisking a little money to own a lease, or interest in one, against a new structure “making good” where the big operators stand the expense of testing it. This is one of those chances, for the Horse Track Dome has been highly recommended by some highly qualified geologists and this California Company is con- sidered one that only drills a new, unproven field when it considers the chances of getting pro- duction about the Very Best. For Full Particulars, see Tom S. Foster First and Wolcott Sts. (Second Floor) Phone 701-J. RR Wit