Casper Daily Tribune Newspaper, December 20, 1919, Page 4

--eethe et URTIS. MAKES by New York Oil Head in Signed Statement Ad- dressed to Public It is very distressing to me to be compelled to go into the press in a pub- he discussion, but the time has arrived when I st speak through my duty to the individuals who wish fuel gas in this city and who are buying stock in oil companies, including the New York Oil compan: In he e of the Casper Daily Tribune of yesterday the inference is held out that the New York Oil com- any is racing with the Fargo Oil com- > to bring gas to Casper. There is race. w York Oil company now has 000,000 cubic feet of gas per developed, which development that vastly more can be brought a shows in when further wells are drilled. An enormous pressure of gas is needed in tields 20 to 25 miles distant from Cas- per to pump it to the city, New York Oil has it. Part of our gas is on lands that were l.cated back in the 80's and 90's with wells drilled thereon to bring all of such Innds in under the leasing bill, but we also have very valuable develop- ed gu lands where there is no with- drawal and no contest. We will take gas from 1 of these lands, leasing law or no leasing law. The story of our titles is in black und white, voluntarily prepared by us and voluntarily placed in the hands of the department of interior and the de- lertment of justice of the United States. Will the Fargo Oil company; fur- Daily Tribune a de- nds upon which it has ‘veloped th gas that it claims, and ill it deny that its wells with the ex- ption of one well, are on lands w: drawn from public entry in the y 4911; and will it deny that the loc; tions under the Placer Mining Law under which it’s claims were made dur- ing this year of 1919, as shown by no- tives of location filed in this city in y clerk's office of Natrona nd will the Fargo Oil com- nish to the ription of it ount ut this time contend that any |They were also scattered among many | |divisions. + “im after it is withdrawn from pub-|Claiborne field starting at 15,000 bar- amen) ition made of any placer mining nine, entry is a valid claim? | "ill the Fargo Oil company at this | : explain to the public under what losingvision of law it expects to get title uny land, or how it will take gas ing 4m “any land where it has drilled theyltere it is depending upon a location “made in 1919, when the lands involved | v ® Withdrawn from public entry in agli? So far as I know th Fargo Oil com- pany has one well which is free and from which it could produce and sell sults gas. It will produce about 4,000,000 cubic feet per di I refer to lands en the south rter of section 2. township 33, range 83. If it has more free gas wells than I have men- ned I should be pleased to have the ‘gO state to the public how many it s und where they are located. The New York Oil company is go- ing to do just what it has said it is xing to do and it is able to do so. Let there be no misunderstanding in the estimate of individuals who wish tuel and gas for Casper or who are buying stock in oil companies. More can be und will be said if necessary. I um leaving the city* for the East for au few days and if any public re- » is made to the foregoing I will r it upon my return. us thut the people of this city + is the gas that will is line from the come through a ticlds west of € '. The that comes through printers ink can't be burned. 5 CONTRACTED Midwest Secures Production from New Dome Northwest of Thermopolis perating und holding companies on Hamilton dome structure, north- west of Thermopolis, have eontracted for the sule*of production to the Mid- west Refining company. The latter company will provide storage facilities while transportution facilities will ' railroad as soon us the mit, State Oil company hus nt net on the entire struc S well as the Cook Oil company w York OU company hus on 640 of whut is called the best land 1. por cent net royalty, Spindle Top Well Standing. The New York OU company will not ion ‘unt’ wurketing facilities ur available, Only about 10 feet now sey te the drilling from # 200 to 300-foot sand, Oil+has risen already to within 5 of the 2,312-fo0ot hole. There is as pressure in the well. well is being equipped to sup- iy {uel oil for drilling out the struc- ture and for gules lo veighboring drill- on f —t~ Drilling Resume at Booup Drilling has been resumed at the Heoue dome, Sult Creek, South Casper Creek, and in the Ferris field by the | New York Oil company. resent {avor- sble weather mukey curly completion loom up. SET | GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325, Rm. 10, Lyric Local Ol Stocks Bia Amalgamated Royalty .-.--$1.00 $1.12 American ------ -. 02 03 Atlas .... 02 4 Bessemer -. 24 26 Boston Wyoming 95 27 Big Indian ~ 4 AT Burke Oil - 34 36 Buck Creek 1.60 1.65 Black Tail - 16 Columbine -..... 54 Consolidated Royalty - 1.27 Cow Gulch 28 Elkhorn ---. a 18 Great Western Petroleum - .15 Jupiter — 04 Kinney ~ 53 Hutton Lake -. ;Lance Creek Roy Lusk Royalty Lusk Petroleum Mosher Oil Mountain & 91 Northwest -40 Outwest --.03% Picardy - 09 Riverton Refining -. 07 Royalty & Prod. Corp 32 Bunset -.--.- --. 26 Tom Bell Royalty -. 26 Gates ---..- — 172 195 Wind River Refining - 03% ye | Rock River ----------------------$1.75 Salt Creek -_.. woee- 1.75 Big Muddy .-. = 1.75 Pilot Butte .. --- 1.75 ~ HELD REPORTS |Producers Above Average During Week Ending December 13, Derrick! Shows The news from the oil fields during ‘the past week reported about the “usual number of large producers, and : Today’s Markets by Wire : “STATEMENT ON. | esos cat tat “BAS. PRQUEGT Validity of Fargo Titles Attacked >} Sinclair Oik — WYOMING ORUDE OIL MARKET strike to be roported. Wiliams, E. 'P..--..------- 1.44 Western Bxploration - Wyo-Kans --..— .--_--.,. 1,80 Wy-O-Tex - = -- 12 Keo-Hurst - wreeeee--1215 12.2 New York Curb Stocks Open Close Midwest Reflning ----.$161.00 $163.00 Midwest Common -..---. 1.50 Midwest Preferred --.-- 1.50 Merritt - 19.00 Glenrock OU - 3.26 3.50 Cosden ---.-. - - 8.87 Okmulgee P. & R.. - 387 Salt Creek Prod. Assn.. 43.00 Western States O.& L-. 1.12, 1.26 Prod. & Ref., Com...--- 10.25 New York Stock Exchange Stocks Mexican Petroleum Texas Oil . 44.12 104.87 Victory Loan . Grass Creek ---.-------. Elk Basin .. Lusk --.---—. Lander -.-----. -—------------—= finding the upper formations dry, and ; have a well, estimated at 75 barrels. |/ This promises to open a new pool. The o fields are reported to be muddied up, the news from the ventures was_de- layed. $ Kansas fields suffered from cold many wells were shut down, some near the top of the sand. active in the state, and Operators are expecting the opening of new fields by some of the ventures. One well starting at 10,000 barrels and dropping to 6,000 barrels with 20 per cent of water, was struck in the|” West Columbia pool of the Gulf Coast flelis. This was the’ only important In other pools the campletions were small, and the 2.00} these prices are approximately tho 2.50! same as the basis of transfer in the 19.25] merger of these three corporations. BY \éen controlled by Midwest Refining Do 10.50| #8 2 Prospect for a new field in Roane -$223.00 $221.25 229.00 Wildcat work is} = sands of ofl leases in-the midcontinent | the ra field, and an active drilling campaign | share, on this acreage will be carried out by| ber 4, 2! vy nent field it is stated tl eombination of in- terests will be hly advantageous to all three The new company, it is stated, will have a: $15,000,009 capital. It will be known as the Blk Basin Petroleum company, whose authorized stock ris be increased $5,000,000. to 3 (00,000. ‘The pre gee will start . with $6,000,000 stock outstanding and #9.000,000 in its treasury. Tho stock | i» of $5 a par value, and it is announced will carry dividends of 10 per cent yearly, Grass Creek’s recent dividend tate has been 12 per cent per annum and Elk Basin 19 per cent. Keoughan- Hurst had not reached the dividend pe- ' riod. a | Grass Creek Petroleum company, | which operates in the Grass Creek field, is reported to be earning around $23,000 a month and to have in ex- vcss of $400,000 in its treasury. It has $1,140,500 outstanding stock of a par value of $100. Elk Basin has for five years op- erated in the Elk Basin field in Wyo- ming, and recently acquired large roy- alty and working interests in the Rock Creek field. It has $3,000,000 outstand- pg capital of $5 a share par value. | Keoughan-Hursgt capital is $1,500,060, par value $5, of which $962,500 is out-; t c Merger Stocks in the new Elk Basin merger were quoted higher today, Elk Basin at $8 did, Keoughan-Hurst $12.50 bid and Grass Creek Petroleum $80 bid. . Grass Creek and Elk Basin have Virginia started at 75 barrels, county in the Berea formation, which is attracting some attention. Ken- tucky fields had one large well in the western section. Oklahoma lacked interest in the news of thé week. The Howitt district war the only one to report any large wells and these were two starting at about But the wells there de. SALE AN Suggestions for CHRISTMAS 21-2 per cent, payable January 12, _ is ‘paid to) have $200,000. » carnings: It has thot | a $7 per annum or 1 covering the period from T 9 to December 31, ——_—>___* nt per Decem. 1919, he merger company. es H _ A yer ae award decoration, Mexican Petroleum company, has de- tO} In Of Soldiers fallen iared'a regular quarterly dividend ot hae been reported favorably house military it S to the in batty committee. ‘ 7. Make Your Selections Now ‘SILVERWARE, DIAMONDS, WATCHES Jewelry of Quality—Lasting Gifts H.-B. KLINE Oil Exchange Building Jewelry Designing—Expert Watch Repairing Popular Brands of Cigars and Tabaccos Whitman's Chocolates Johnson’s Chocolates FI those rather above the average, s#ys lthe Ol City Derrick’s weekly summary. Wildcats furnished ‘nothing new. An advance of 25 cents a barrel was an- Lousiana thai’ ‘pas angie nounced for the crude production of all Is, and another at 8,006 barrels in the deep sand, with other good producers from the shallow formation; An exten- on was also made to the Bull Bayou} umbia, where it is $1. The most important news from the Wyoming fields was that the Ohio Oil company. had obtained two gushers on |siderably, and wided 4,000 barrels to th: pools, whieh brings the price up te 5 $1.25, with the exception of West’ Col-|° strict. North Central Texas had section 4-36-65 of the Lance Creek field. | = numerous completions, with many mnogo extended the western area ¢con- starting better than 1,000 barrels, but | ¥,-[b. boxes to 10-Ib boxes Manicuring Sets Smoking Stands Humidores, Ash Trays Pipes, Cigar and Cigarette Holders Purses, Flashlights, Card Sets © E = E a Spanish-American War Veterans Are requested to meet at the _. COURT HOUSE SUNDAY, DECEMBER 21 At 12:30 P. M. To attend the funeral of our comrade, Dr. [W. C. Foster - For further information Phone 110 or 401-W be | pen the test well in the Spindle Top ; none gushers. Wyoming reported two gushers in the Lance Creek field, av- eraging 2,000 barrels each. The age producers were found in the e ern fields, with one large well in west- n Kentucky. > The Standard has completed: its line to the ClaiLorne field in North Louisi- ana, and others are being constructed. | These will begin to Jessen the conges- tion of oil in that district; provide an outlet for the production, and permit the Wells which are shut in to be open- ed, altho it will be some time before all can be on a free producing base. When is done the staying capacity of the wells can be determined. The week's news reported one 15,000-barrel } producer and one doing 8,000 barrels in the deep sand, and fair sized ones in the shallow pay. The completions ut Bull Bayou were small in size, but ! vome of them indicate an extension to the } Other sections had routine | work, and nothing wus reported from | \ihe wildeat tests. | | The North Central Texas fields lost, | [8.595 barrels in the daily estlmaic of output from the previous week's re- port. This was attributed to heavy tains, cold weather and bad roads. The best of the little pools is that of the |Teasant Grove district, where 51 wells | ire making “appreximately 32,000 bar rols the day. In the remaindcr of the | anger field 375 producers are credit- ed with a total output of 22,000 harrels about 60 barrels to the well. In the hern part of Eastland county the allow tields are attracting considera-! le attention, und another shallow pool Leen opened in the Sipe Springs ritory of Comanch punty. Most of jthe completions in Eastland, Stephens and Comanche counties were of mod- erate d with the gushers {that ja in jEhe beat w: in |The ¢ [bered 63 and many of the [better than 1,060 barrels, uboye 500 barrels. Only four dry holes were reported. The average for ull the L Petions was slightly and one of t large ones wus later re- { jvurted ay making only 125 barrels. In the Comune! district of Stephens | unty, Okla, Dierks and others ked up a sénd at ave 30 feet after} Ip | ean aera memn ee emered LIST YOUR {| OIL LAND LEASES and , _ ROYALTIES with us for quick sale. BRUNSVOLD & FUNKHOUSER | Office: Taylor & Clay Oil Exchange Bldg. | Phone 203-204 MAIL YOUR | daily output. | largest year, fered Table size, $1.! Others, 5 to 8 feet, $2.50 to $3.5 ‘They are wells found in among — the Wyoming thi t of the Mississippi of tine work, and~ averas sized comp! 20.Per Cent Discount On Purchase of $1.00 or More . —ON— Books, Toys, Leather Goods, Candies, Stationery In fact our entire store, with the exception of Tobacco and Cigars Baked Goods and Fountain Orders. Monday, Tuesday Wednesday Sale Opens Each Day 1 o'Clock P. M. which is issued weekly and written by men who know the oil business contains rellable news of all the oll fields of the Stute and of the good, active, substuntial companies oper- ating- therein. Upon request we will mail this. publication to you tor three months ABSOLUTELY FRE. Write for it today and ask us for any information’ you muy desire about any oll ‘conipany ‘or oll tield of Texas or the Southwest. Address GILBERT JOHNSON & CO. For 10 ¥; Oll Operators and (Brokers i Satta a Knives, Parker and Waterman Fountain Pens Box Stationery, Books Shaving Sets Auto Strop Razors, Gillette Razors C. West SCHULTE BROS. COMPANY The Little Store with the Big Business tH oA AD i NiO hit ie LL NOTICE! : MIDWEST EMPLOYES The Lunch Room in the heart of the Midwest Plant will open Monday for the serving of Hot Lunches. ‘ 1 NEW SHOES FOR CHRISTMAS without “having to buy them. Sounds too good to be true but it is an absolute fact. Send or bring us an old pals of any kind, dancing pumps or heavy walking shoes and our moderf shoe repairing machines will male them as new us ever in short order. You can have QML OLIAA DS. { the difference between our i moderate charges and the H price of now shoes for y Christmgs presenty. j > Natrona Shoe Repair Shop 107 East First Street 5 The Shop of Quality and Skill H 1 POOOCL LLCO LLL L OL ‘ Fs TILL IPL LA La zoe For Prompt Deliveries of BUILDING MATERIAL and COAL |. A.COMPLETE STOCK ALWAYS ON HAND IILALL AAA ML hd dod €- PLLA A LALALLALELLL £ LLL. poy ape ST SOA TY 1 YOU: should stop the next clean-cut, ‘snappy, go- ahead, young man you meet; who is making a go of things, the chances are that you would find that he has a Savings Account; —that he had a Savings Ac- count before things came his way; —that it enabled him to get a toe-hold on success. 04 re Wyoming National Bank CASPER, WYOMING ta Lester Brokerage House Inc. Specializing in NEW YORK OIL 156 N, Wolcott Phone 1142 (A444 2 242423 ff TAYLOR & CLAY, Inc. 5; STOCKS AND BONDS Daily telegraphic quotations from New York, Den- ver and other markets over our private wires. _ Place the convenient facilities of our office at your disposal to buy, sell or obtain the best markets and up- eecataute supraticas, Shik : nformation and quotations furnished upon reques on Local Oils, New York Stocks, Liberty Bonds and other issues. “ ‘ Phone 203 Casper, Wyo. Ground Floor, Oil Ex. Bids: BEST BOWL OF CHITIN TOWN 8 20e at the CHILE KING LUNCH - ; - All kinds-of Sandwiches at \ weassucaverrasasasae.N “Late CaP. &