Casper Daily Tribune Newspaper, October 25, 1919, Page 4

Sr mae + Teached 3,500 feet. * be 500 feet of oil in the casing. The ; Oil on Top, Some Operators Loeal Oil Stocks Wyo-Kans __._ -----. 1.10 1.90 lare oO. Close | Wy-O-Tex .-. - wes 48 Ady A ica Racal pep The largely increased cost of dril! Aeere oyalty mee - bea New York Curb Stocks ‘ing operations in the deep sand o merican a eee , Open Close fields of Wyoming, the Mid-Contine: = 0 -07| Midwest Refining ---167,00 168.00 and the North Central Texas fiel - 22 28 Midwest Common -- 1,80 2-00 is causing leading oil companies t Boston Wyoming - -4 -78 Midwest Preferred - 2.00 8.00 confine their drilling operations 5 Big Indian -- = | ae Merritt .._ 24.00 25.00 much: as poss'ble -in the deep san Fae Bc ate a lseras ° 3.75 4.00 field to wells, the drilling of whic ta 38 Okmulgee P. & 11.50 ig necessary either to hold leases o ay 40 8 Gre ska ASB 2.00 +o offset wells of other compenie: : : e . Assn... 51,00 52.00 says the Daily Mining and Financ’: 4.08 1.05 Salt Creek Prod. Assn. 51,50 52.50 Record. While the market prices o 3 a5 Ahir aes SA% L. aan: 1.75 crude oil and refined products ar tay, Bo 5 ef., Com.. 8.00 8.12 nractically the same as they were tw 1.20 1.25 New York Stock Exchange Stock. °#Fs 880, the cost of producing 0! .02 .03 Mes can Petroleum -249.00 244.00 has) ncteased By eee Be eg id poe exas Oil --------. renee eee mroganine ahi Std an outle a . “ae of anywhere from 000 to $75,00 ay oreck Royalty. gi ae 105.65 and, of course, if a well is a non-pro Laereenes S ies 8 | ducer, there is a materia) loss to th Hi athhyany yum : ‘es Stanley Greene $ .45 $ .50 {rilling company. In the Kansa er coe 80 +35 aesbar "500 600 © 8d Oklahoma deep sand fields, wher: porte & Guilt. 3 se age 200 Glub 850 _it is not necessary to go to as greet oe z ¥i3 “07 Teapot 109 |@ depth as in Texas, the cost of Piceray == 7 ae | producing well is not as large as it i: | vane : -f , » im the North Central Texas field, bu Riverton Refining __ 18 120 3%4’s ~-. -100.72 even in‘these fields the cost of a dee Royalty & Prod. SOS 3 +28 .80 2nd 4's, 93.70 sand well is 100 per cent, or more Sunset 17 19 Ist 4%’s _ ~ 95.34 above what it was two years ago. Tom Bell Royalty- 18 = .20 2nd 4%’s - - 98.70 ‘The result of all this is that th | Wind River Refining. ll 12 3rd 4%’s _ 95.40 leeding companies in the oil produc. Williams, E. T.___ 1.44 1.48 4th 4%’s — 93.72 ing industries are devoting a grea Western Exploration -. 3.92 4,00 victory Loan —~ 99.60 deal of energy to the work of devel WYOMIN- CRIIDE 0". MARKET ~— joping shallow sand fields and re Gaba! Springs’ oo $1.00 Elk Basa _ frgining as far as possible from do Salt Creek _ 1.60 Grass Creek 18 | ing unnecessary drilling in the deer Big Muddy _. 1.80 }and fields where production costs are Pilot Butte weneeee. 1.28 | OW excessive. . OTHER WELLS NEARING SAND Strike on Section 3 Draws Atten- tion to Western Area of Lance Creek Striking oil in, the Ohio-Lusk pe- troleum well on section 3-35-65, Lance Creek field, taken in connec- tion with three other wells that are nearing the sand in that region, again centers attention to the western por- tion of the district. The Ohio Lusk petroleum well, al- tho the sand was barely reached, is stated to be standing full of oil. The casing is set, tankage is up, connec- tions made with the pipe line and drilling in is expected any day. The Ohio well on section 4-35-65, , an offset to the section 3 well, is re- ported to be on top of the sand. The casing was being set yesterday and plens are to drill in on Monday. Midwest Refining company, on section 9-35-65, the deepest well in the western part of the field, has There is said to same company has a well drilling at 2,100 feet on section 32-36-65. A significant development is the announcement that the Ohio company is setting up two rigs on section 16- * 85-65, over one mile south of pro- duction on section 3. Because .telephone communication is out of order at the present, no re- port regarding the Lusk petroleum wee! eeeenti- vonorted with oi] in the hole-is-available today. The lest Wueu drum suc ance Ureek field was that the well had not been brought in. Telephone service was, suspend- ed with the field near Lusk this morning. Heavy snowfall and a high wind is believed to be respon- sible for the iprepent ire re trouble. NEW OPERATOR 10 SPUD IN ON FOSSIL FIELD The Bear Head Oil company fi- manced by Salt Lake and Ogden busi-} ness men has completed prepara- tions for spudding in on its 1400-' acre holdings in the Fossil fiend, Lin- coln county, Wyo., and drilling will begin next v week Me NN FILO SUPERINTENDENTS WILL BANQUET TONIGH A visit to the refinery of the Mid, west company and a banquet tonight in the offiges at the refinery will bring to a close the two-day meet-) ing of field superintendents of the| Midwest Refining. company being held here. The meetings are being, held in. the offices “of the company | in the Oil. Exghange building but are of a private nature. Yesterday neen abopt 30 visiting | compuny employes and officialy were) entertuined.at.aluncheop in the Hens ning hotel | dining Foom. a Peter Clark, a resident of Monetu,) is here on business and visiting with ftiends. Mr. Clark says that since the town of Moneta has been pur- chased, plans have been made for a new bank and several new homes ure being constructed. a J. Lutehforth, Burlington telexra- pher, has returned from an extended | visit spent in’ Hannibal, Mo. Furnished by TAYLOR & CLAY Room 212, Oil Exchange Bidg. | 200-acre tract, WARKET GOSSIP AND EIELO NEWS Liberty Oil & Gas company of Liv- ingston spudded in last week on its 18 miles north of Greybull and is putting in a ten- inch hole. Many oil men are firmly of the opinion that oil in the ground is oe. much better asset for the future thar oil ebove the ground, when it has cost an excessive amount to bring this oil to the top of the ground and into storage. The feeling is grow'ne more and more among oil men that the time is not far distant when Mid- Continent oil will sell at materially! higher prices than it is now selling and that the company or companies , which have large arees of proved | but undeveloped acreage will be in a commanding position in the oil in-| dustry and in a situation to profit ; ,largely from such holdings of reserve | The Anaconda Oi] company spud-; des in on its tract, 19 miles north} of Greybull on Crystal Creek, wmen is close to the Cosden Oil company an 1 80 rods from the Unit Oil com-| pasy. This tract has been in the courts for some months, the Crystal Creek Oil company claiming owndr- ship, but the Anaconda won out. The Steffen well in the Big Hol-! lov; field, near Laramie, is now down about 800 feet, with a showing of oil, | the indications being that the oil-| beuring sand comes at least 100 feet nearer the surface at this point tnan in the Tom Harris well in the same field, which was brot in several mcnth8 ago. The Cactus well, in the Little La-| ramie valley, has ceased drilling for the present. | | A special meeting of the stock-- holders of Cosden & Co, will be held at the office of the company, Wil- mington, Del, on Nov. 12, for the purpose of voting upon a resolution to amend the certificate of incor-| novation to increase the common ca! ital. stock of the company from $2 009.000 to $35,000,000, such amend- ment. havine been declered advisable by the board of directors. Colorado-Wyoming Refining com- patiy ozs moved its main office from er, Wyo., to 412 Foster build- ing, Denver, having decided on the change so’the company office will be more centrally located as it expects to | ope rate in Texas as well as in W yo- miag. E. Mitchell Curtis will be in charge of the Denver office. E. S. ' Andrews will be the Wyoming repre-} sentative of the company and will be located at Casper. The company! , is to operate jointly with the Spider! | Creek Oil syndicate in the Poison Spider field, Wyoming. i ‘The manager of the Hutton Leke revorts from the Rock River field that the hole in this field is down 3,280 feet and that werk ip con- tinuing daily, five feet daily is being made by the company in soft ground. The com- | pan denies any rumor that the hele lost. none id should be reached at Mae disd o feet, the company esti- he manager reports that ithe “Suiot Oil. company required 90 days to go thru 400 feet of the same material on udjoining property. gasaiben Da S- ; ‘fT. Av Dines, vice-president of the Midwest Refining company, who was iu»Cagper yesterday to attend the meeting of field superintendents, has returned to Denver, Cole., where he j has headquarters. Leonard 8. Davey, assistant audi- tor ‘of: the Miasrext reer Cat iys Who hae eon in Casper for | the Hast week or company business, | returtied - Just night to Denver, Colo. Sane enaheee A Tribune Wantad will sell it. | GEOLOGISTS OIL EXPERTS| | | Dil Field Maps. Blue Prints oil territory, —>——-- W. Sparr of ‘the Western Ex- siaaien and Consolidated Royalt: companies, is in Washington on bus- iness pertaining te‘ land matters of interest to the companies. Mr. Sparr’s business is indirectly related to th- leasing bill in the present session of congress, A Tribun ——_————- Wantad will cell it opportunities. } came. 1h doi ed Rs text. Few Days to Sie Suc- cess or F of Wyo- The Wyo: ‘ r > bei rilled on the ie Velte oanae section 4-377, about a mies rast of bo. i da asd -£ 36460 fce! it at is believe e the cap teh over the first ceek éand, has been reached ek ig estimated to be Teentin 2 five id 16 feet in thickness and the nex: "ew days should determine the suc- eee or failure of this important al eul, she rock is so hard tye the hit mly made eight inches all day yes- erday in a six-inch hole, Those interested in the well expect o complete the test within the com- .g Week. If the first Wall Creek Wal nd is found to contain water, the | test will probably he abandoned, but/ f the hole is dry, plans are being ue 60 go to the second Wail Creek and, about 260 feet below the first and. The condition of the hole is excel- ent and all indications for a pro- ‘acer are exceedingly favorable. pontacis + sad cada « AIDWEST GOUNGIL WILL MEET NEXT THURSDAY The first meeting for transaction +f important business of joint council f the Midwest Refinin, sompany | vill be held Thursday. he meeting | chi Week was taken up with'the con- deration of minor matters, most of hem being concerned with the ap- ointment of committees, The regular meeting of this com- vittee of employes and manager rep- tesentatives will be the second Thurs-! lay of every month, it was announced oday by Burke Sinclair, director of cdustr‘al relations of the Midwest company. ARMY AND NA VY CLUB ‘SMOKER’ | THIS EVENING The initial football smoke of the Army and Navy club is being given tonight in the clubrooms in the base- ment of the West hotel building. The smoker is to start at & o’clock. A meeting of the American Legion is to proceed the smoker by a few min- utes. A complete program of inter- pak entertainment has been prom- sed. mailed on Noy. 11 to stockholders of ‘insomnia of the heart. | Dodge the Flu and Danger Pneumonia ~ DRESS WARM Foot ELK us Mi | RAISE CAPITAL Stockholders Meeting November 6/7 , to Vote on 8 for KEEP YOUR FEET DRY! ‘Use-a little judgment. Let us Outfit you accordingly A stockholders’ meeting o Basin Petroleum company . Rid Nov, 6 to vote on plans € by the boaril of directors to increase the authorized capital from $2,000,- pea to $5,000,000. If the increase is authorized stockholderg will be of- fered 200,000 shares at $7.50 in pro-| =.» portion to their holdings, which. will |” increase the outstanding steck to js-tn 300,000 shares at $5 par. From ise : ceeds of the new issue i con ‘will purchase purest Rock Creek field. Transfer fis were closed Oct. og wane will be opened Nov. 7. Wartants will be the El} called :e4 SOUTH CENTER Che Hame of Society Brand Clothes RS Tc A aL 9) 2 SPF 7b SS 3: SE wb HE Gates Oil Ca. / We offer a limited amount of this stock ; . at $1.25 a share. _ i The company has considerable produc- i tion and has valuable leases in Oklahoma, Louisiana and that date, President. Martin Paskus of the ElK] + Basin company states that up to the||i present, time. six producing. wel 3 the Rock Creek field alpead been developed in a north and south line for a distance of three miles. An active development program is now |} in progress by various companies jn-|f terested with 21 wells being drilled. a Social and industrial unrest is just |£ It cah be understanding and ctired by love, helpfulness. GOLDEN OPPORTUNITY CASPER 50,000 IN 1925 Casper’s future is assured. Knowing that Casper is rap- idly becoming a large city and will soon be, the metropolis of Wyoming, it is time for us to get busy if we want to be number- ed among the ones that are taking advantage of these golden Wecan all look back and see where we have made serious mistakes by not taking advantage of opportunities when they Wyoming ; TAYLOR @ CLAY | —————Incorporated E Oil Exchange Bldg. Office Open Evenings | i DENVER ° CHEYENNE LUSK :: Wik Bos i 9 66 5s FY Gs Suna wt a ok Se “ABSOLUTE PROTECTION” BELL-KEMP CO. “The Insurance Men” 111 East Second fon: 4 fs fe PORE ae Bo > 1 Ee Phone 370 (SPOOMIPLIIITILIOSI OHA Lester Brokerage House i | An average of about < Are vou ening to be one of the manv that will, five vears from now. he brooding aver the fact that vou have made annther serians mistake by nat in: vestiny a few dollars in husiness nronerty in Casner? You certainly will be if you do not take advantage of this opportunity now. Casner is at present. chort of livin acrammodations for at least a thousand farcilies wha are already here, and several thousand more who would be here if they could get housing accommodations. Our nlan is to sive thore that can save a few dollars per month, an equal opportunity with the large investor. Just think what » few dollars per month invested in modern apeion houses in the City of Casper will grow to in a few years. , You owe it to yourself and to those depending yvon you to invest at least a part of what, you make in something that you can depend upon being absor lately safe. Here is something that should interest those who would prefer a nice mad- ern apartment in preference to a home oftheir own, as the income a Thousand Dollar Investment in a large apartment house of from seventysfive to one hundred apartments should pay the rent.on such an apartment. ite can be obtained by paying testers cent cash and five per cent per mon FOR FURTHER INFORMATION REGARDING THIS PROPOSITION The Wyoming Building and Apartment House Co. Phone 261-J | Explorations Reports iw 'yoring Map & Blue Print Co. i 0. Box 325. Rm. 10, Lyric] aR NEW YORK OIL 156 N. Wolcott Phone 1142 les capac eats WITTE IID MG SS werwerrrrrrrrrrrrarss Dutton, Staley & Compa “Casper’s Pioneer iin Be Rally sepa glee from New York, Denver All Wocal 0} socks bog, sold an and quoted, get you: het: ét posable ple le price, eee a1 ‘Out Tishntee Bldg. TAY! R & CLAY, inc. srnee Uae crepble. guste Place the convenig poesl to buy, ge] lor ule quotations. mes from New York, Denver, née fae of our office wt your dis: best markets and up to the min latoblatlon and quotations ssstignae request Loral Oils, New York Stocks, Liberty Bonds and othe teeuss, ‘Phone 203. Ceapev, Wyo. Ground Floor, Oil Exchange Bldg-