Casper Daily Tribune Newspaper, January 7, 1920, Page 4

MARKET GOSSIP. AND FIELO NEWS: Green Consolidated Projects Two Test Wells in Fremont Coun- ty Fields” The Green Consolidated Oil company Amalgamated Royalty American Atlas Big Indian Local Oil Stocks : Today’s Markets: by Wire: Furnished Daily by Taylor & Clay, Ground Floor Oil Exchange , Wyo. Wy-0-Tex Keo-Hurst of Sioux City, Ia., has purchased rigs} Bessemer New Work Curb Stocks and equipment for starting two impor-| Boston Wyomin tant tests in the Fremont county, Wyo..|Rurke OM nent Midwest Refining Open Close fields, one in the Ritterbush field, sev-|Buck Creek Midwest Comino —7_ t en miles west of Riverton, and the oth-|t31ack ‘Tail = Midwest’ Preterraa ” er in the Muskrat field. The company] Columbine C Meret: has taken over ten quarter sections of| Consolidated Royalty = Glenrock Oil prospective oil lands in the Ritterbush| Gow Gulch P Conteris dreeiok field, 20 quarters in Sand Draw, six] pyhorn __ = Okmulgee F @R oston aE quarters in Alkall Butte and 31, quar-| Gear western Petroleui c. Salt Creek Prod. Assn_-- ~49.00. 50.00 ters in the Muskrat district., Rigs willl yupiter -- Wert HE OE tag, £0: be up and drilling early in “the sason.| Hutton Lake Prod: & Ref., Com_._.. ri eae Buck’ Creek Well Due Kinney --.--- _ New York Stock Exchange Buck Creek well No. 14, Lance Creek field, an offset on the west to the dis- covery well, is reported to have started to drilling in today. Cementing of this well was completed two weeks ago, ana] Vosher Oil = the present task is to drill thru the} Sorthwest - - cement and on to the second sand. A Ontwens § similar operation on Buck Creek well] £Tantz Corp. ~ - 325 3.50 No. 4, located 500 feet farther north,| Picardy ---_-- : Sie Me 2 resulted -in a well that continues to flow] ‘!verton Refining 07 09 700 barrels a day. The second joint well] %0valty & Prod. Corp. - 45 on section 3 also is ready for drilling | Sunset Ses in. Tom Bell - 30 ———__—__—s Gates ~——--__ 1.89 Out West Gets Lease West Petroleum company announce that the company first of its new leases effi- has al- Out cials secured the w Creek field, offsetting production, and with production virtually on three sides of it.” It is further stated that the ground is at about the same contour as the Cactus well on section 5, situated on the adjoining section to the north and at a contour midway between that of Big Indian Chief and EB. T. Wil- liams. The new well on section 13 is to the south and west, just one sec- tion removed and also at about the same contour. The location of the Out West acquisition is in sections 17 and 8, town- ship 39, range 78. The lease calls for the moving of material on to the ground as early as practicable after Jan. 1 and this the management expects to do. a contragt having recently been com- pleted for the further ample financing of Out West treasury. It is stated that the deal was made on a part cash and| spectacular part stock basis. Midwest has large holdings here the location is generally considered} before noon. proved for good production. CALIFORNIA OIL “SHOWS INCREASE “Hundred Million Barrels of Oil Val- ued at $135,000,000 Is 1919 Estimate SAN FRANCISCO, (By Mail.)—Oil production in California in 1919 is es- timated at 100,000,00U barrels by R. P. McLaughlin, state oil and gas super- visor. This is a slight increase the 1918 output. The total value of the crude oil at the wells was approximately $135,000,- 000, McLaughlin reported. The field price of oil has advanced in just about the © degree as farm products, the supervisor said, adding that “the price of California oil may not be reasonably expected to decline until the general price level of all commodities falls.” “The increase or decrefse of the Oe ess ro umount of oil in storage ¢ for sev ASM eee excitement. Peak eral years beef gene! considered | tices will await tlie passage of the leas- as un index for fic smald iio: june Ml sees ue epeuwams aud) SaOy rd Laughlin’s report. “During the past pay neta en le fete muy. year and a half, howev the effect Dice rom the fo! ow oe reed of stored oil on field pri has been R 3 ay Asay ‘oday Dec. a entirely obliterated or neutra by Bp. ar i a! pie 3 .30 the general condition of advancing ae at ilams. oe 1.45 prices of all eommoditie: ‘essemer 3 124 “Current statistics Columbine 59 48 cerns disagree as to the Consulate 1 1.65 of oil now stored but do agree in in-| Mountain & 1 90 dicating that stocks were somewhat less | Burke 34 at the end of the year 1919 than at the | Poston Wyoming-. Ad 95 beginning. ‘This in conjunction with} Other stocks that have segn material | the fact that production pproxi-| 8#ins include New York Oil, which | matcly the same as during the pro aped to $90 a: share on announce: | yious r shows that the industry has|™ents of large royalty acquisitions in not quite held its own.” Salt Creek and ‘statements that with | Five hundred new producing wells} tle passage of the leasing bill it would were brought in during the year, the]s0 on the New York curb at not Iéss | report said, noting that daily produc ‘tion per well declined during the year from 32 to 30% barrels. In 1916 it 37 barrels PIPELINE SURVEY WILL BE COMPLETED IN WEEK Completion of the survey of ground for ¢ gas pipeline and @ pipéline sys- ba within the city is expected with ing a week by the New York Oil com: pany. The engineering expert who ar- rived here Monday. today is making a survey of @ pipeline system in the city preliminary to letting of the coy tract With the survey of the pipeline to the Poison Spider field about 19 miles from Casper this engineer will pe able to give the New York company a fair estimate and plan of the coyt and eomutryction of such a pipeline which the New York company believ will be the first gas Casper ts to receive FitPINO GOVERNMENT TO GOST $2.25, 000 MANILA. (By Mull)—The general pudget for expenses. of the Philipping government during the fiseal year of 1920 hes juste been prevented to the legislature. ‘It totals $42,256,000. is the lafgest general budget ever pre sented for legislative approval. > —_——-— The first census of the British Pm. | pire was taken! in 1871, the work bent CoRe in One Fight. Bince t census has been taken every ten years. Lance Creek Royalty Lusk Royalty -. Lusk Petroleum Mountain & Gulf. Rock River ready mentioned as being negotiated.|Salt Creek This lease is described as “inside stuf} Pig Muddy .- hin the withdrawn area of the Salt} Pilot Butte ROYALTY AND PRODUCERS’ STOCK New over], THis | im & punter | %|Texas Oil -.. Stocks $208.25 $210.7! - 221.75 222.00 46.00 47.00 106.25 106.50 Mexican Petroleum — Sinclair Of U. S. Steel. Call money. 3%'s ist 4 2nd 4's. Ist 4%'s 2nd 4%'s - 3rd 4%'s 4th 4%4's 2.2. Victory. Loan TAKES-FLIGHT WHEN SHORTS RUN Salt Creek Issues are in Bid Price Jumps to 48 Cents During Morning and All Strong Demand; Gains for Ten Days Show Large Profits we oN Royalty and Producers Blocks of thousands Bids advanced by leaps, Resumption of brisk trading on the New York market after an orgy of profit taking led-‘the way today to a stronger demand for minor issues. Mid- west Refining moved back to the $170 mark and heavy trading was witnessed in Salt Creek Producers at $49 and $50. Conservative business interests, this year, have been among the most con- sistent traders inysiocks and are now among the heavy. holders of meritor- fous issues. Thedincrease in the price of oil perhaps‘ has been the greatest actor in encouraging this class of in- vestors, but the speculator continues to accept leasing bill prospects as © the stor in future values. Anoth- nt raise -in the price of Wyo ming crude, considered certain, means # 60-percent advance in the revenues of all producing$companies since last fall and with stgcks at a low cbb the effect of this oneffactor alone should be most pronounced? when statements of earnings are available. Comparisons of’stock prices today and on December 27)furnish a good illus- tration of profits realized and the rea- than $200, y corporation was next in line today in the come back” of popular trading issues, jumping from a ana| low point of 37 cents a share this morning to a high of nearly 50 cents of shares changed hands early in the day but hold ers tightened up later with a strong demand and lit- tle offered. The rise was-attributed to Denver “shorts” running to cover under the handicap of a bull mar- ket. ing to the report here. The) well is down 1,725 feet with the gas expected in less ‘than a hundred feet. The No. 1 well of the New York com- pany inthe Ferris field is expected to come in within a week with the well down 2,700 feet. This well is on sec- tion 5 and oil is expected by 2,800 feet. ——— ees Dan Speas is in town today from his ranch. \| total of 583. The holiday @uliness is reflected in the report of oil field operations in December, says the Oj] City Derrick's during thé month numbered 2,127, a de- crease of 382 from the November re- port. New production obtained amount- ed to 379,304 barrels, a loss of 70,499 barrels in the comparison with Novem- ber. Only two divisions, North Texas and Central Ohio, reported more com: pletions than in the previous month, North Texas made a gain in completed wells of 122 and Central Ohio was cred- ited with an increase of 16. The largest losses were reported from Oklahoma of 183; Kansas, 120, and Kentucky, 113. Indiana fell off mote than one half, and the other divisions had more than the usual number shut down until after ‘the holidays. New production showed an increase in only two divisions; North Texas gaining 47,695 barrels over the November report and Wyoming 4,595 barrels. The largest decrease was in the North Louisiana field of 83,195 barrels, owing to fewer gushers being obtained there than in the previous month. In December, 1918, the com- pletions were 2,029, with a credited pro- duction of 114,940 barrels, the latter fig- ure being less than one half that of the new fields of North Texas and North Louisiana in the present report. Included in the December completions are 407 dry holes and 176 gas wells, a There were 82 fewer fail- ures than in November, and 19 mare gag producers. In the Gulf Coast near- ly 70 per cent of the completions were dry, and in most of the divisions the loss ran between 20 and 30 per cent. Wyoming made a good showing in this respect with only two failures out of 23 -wells completed; and Louisiana had only three amgng 51 new wells. Sub- tracting the dry holes and gas producers from the total completions leaves 1,544 productive oil wells. This was a loss of 319 from the November figure of 1,863. The high record for the number of oil wells in.a single month of the year, was 2,067 in September. The aver- age of the productive oil wells in De- cember was nearly 246 barrels, which is an unusually high one and exceeds that for any other month of the year. In November the average per well was 241 barrels. ‘While the completion and production in December showed a considerable de- crease the new work at the close of the month and the year was larger than for any previous report. At the end of December there were 2,739 rigs and 6,960 drilling wells, a total of 9,669. While the increase is only 50 over the November figures, it is sufficient to make a new high gecord for field operations for any month. Nearly all divisions reported more work under way and where the amount did not equal that of the previous month the differ- ence was slight. The largest losses were 57 in the Pennsylvania division; 87 in Kentucky, and 35 in North Louisi- ana. North Texas made a gain of 153, ‘the Gulf Coast of 23, and Wyoming of nine. Kansas and Oklahoma opera- SOUTH CASPER CREEK WEL 1S:NEARING SAND | The New York ‘well in the south Cas per field near here is expected in as @ | Sasser at almost any time now, accord: | bi Ere " | NEBLECTED COLDS — j» ARE DAWGEROUS! De. King’s New. Discovery ‘poem breaks a cold and checks a cough —— [EERE INE RIO OOO Donce BrotHers MOTOR CAR The grows owner’s appreciation goes by. He can depend ~.on = con- as time sistent, comfortable, low-cost daily service. ‘The gasoline consumption is unusually low. The tire mileage is unusually high. COLISEUM GARAGE 127 East Linden 9 GAUSE SLUMP IN OIL TONTOTAL FOR MONTH Phone 724 ‘tions were practically the same as at the close of November. ‘Phe new production obtained was only 16,842 barrels, or 13,226 barrels less than in November. The recent adyance~in prices promises to stimulate new work as there were 23 more rigs and drilling wells at the close of the month than reported in November. Several good wells in Wyoming. werg |obtained during December, with the re- sult that the new production ‘was more| than doubled over that of November. the gain being 4,595 barrels, from 2 productive wells. The number of com-| pletions fell off five. ‘The close of the) Oklahoma had an unusually quiet)month showed a gain of nine in new| at above 1000 barrels, Cold weather retarded field work “so that only 487 wells were completed, the number be- ing 173 less than in November. New production was placed at 29,331 barrels, a loss of 11,794 barrels. There were 135 dry holes and 41 gas producers. The close of the month showed 1,707 rigs and wells drilling, which was a decrease of only three from the previous month Kansas operators were troubled evca more than those of Oklahoma by cold, so that only 155 wells were completed during December; the decrease bein 190... The new production ageregated 12.534 barrels, or 11.507 barrels less than in November. Twentv-nine dry holes were reported, just half of the number in the previous report. and there were |13 gas wells. Operations remain at normal as;there was a decrease of only four at the end of the month. North Texas remains the real active Avision ‘of the oil fields. Desnite dif- ficult roads and inclement weather there were 457 wells completed, an increase of 122 over November. These were cred- ited with 216.592 harrels new production jor a gain of 47,695 barrels over the pre- vious report. The average of the new producers after. deducting the 43 drv holes and nine gas wells, was.close to 500 barrels, while in November it was 580. barrels. Several shallow pools were opened during the month, and wildcat showings indicate possibilities of ex- tension of the old fields or the discovery of new ones. At the close of Decem- ber there were 3,710, rigs and drilling wells in the division, which was a gain of 153 over November. North Louisiana’s two great fields, | Claiborne and Bull Bayou, were inter: esting thruout the month on account of the regularity with which gusher wells were reported from them. But the results were not equal to those of November as the 51 completions fell four short of the previous report, and there was a loss of 83,195 barrels in the new production obtained, the figur> for December being 86.270 barrels as axainst 169,465 for November. In spite of the large number of wildcat opera- tions only three dry holes were found, and elght gas wells. In the present re- port a number of rigs have been drop- ped as it is doubtful if they will ever become active, and this partly accounts for the loss of 48 in rigs. The drilling records shows an increase of 13. ‘The Gulf Coast division was dull dur- ing the month, and no wells of large size reported. Completions in Decem- ber were 77, of which 49 were failures. GEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325. Rm. 10, Lyric monthly report. The wells completed}month, and very few; wells that started work, Is YOUR FOR IRON? Modern Methods of Cooking and Living Have Made~An Alarming Increase in Iron Deficiency in Blood of American Men and Women NUXATED IRON Helps Make Red Blood ‘The Kind That Puts Roses Into the § Cheeks of Women and Force Strength and Courage Into Veins of Men. “Is not do a more seriov's harm to yourself than yhen you let your blood literally go hungr; + want of iron—iron that gives it strengtl and power to change food into living tissue,” ys Dr. James Francis Sullivan, formerly 2 “of Bellevue Hospital’ (Outdoor New York, and the Westchester inty Hospital. dern methods of cooking and the rapid pace at which people of this country live has made such an alarming increase in 1 deficiency in the blood of American and wonien that I have often marveled at the large number of people who lack iron in the blood» d who never suspect the cause of their weak, nervous, run-down state, But in my opinion, “you can't make strong, sturdy men and women by feeding them on metallic iron, The old forms of metallic” iron must go through a digestive process to transform them into organic iron — Nuxated Iron—before they are to be taken up and assimilated by the human sya tem. Notwithstanding all that has been said and written on this subject by wellknown physicians, thot sands of people still insist. in dosing themselves with metalll iron simply, I suppose, because it costs afew cents’ Ie Mrongly €8 to scription ' this t Nuxated Tron in it ckages and see that this particular c © pack= Nux and Tre othine Sica rs G products and failed to get results, Temember BLOOD HUNGRY two five-grain tablets’ of ordinary Iron three times per fates weeks, see how much Rervous, run. all the ‘while: have. increased their an taking icon ia the prover form, Read The Tribune Want Ads Who-Should Take that euch prodticts are an Fentirely different thing 9a ted Iron.” You are not strate or well you owe it to ree tomake the followingtest; how long you can wark or how far you canwalle without becoming. tired. fext talc bo day after meals fortwo Then test your strengt ‘ou have gained. Wi of own people who were ailinz it endurance in two weeks’ time ec a good bank, ble, Mn ee Hh UAE CREATE A GOOD IM- PRESSION, YOUNG MAN & ‘When a young man pays his obligations with a check on tablishes faith in his credit, but also creates that intangi- - but very pronounced impression that he is a man of affairs thoroughly alive to modern business practices, ‘Too much importance cannot be placed upon the value of the impression thus created. Wyoming National Bank CASPER, WYOMING he not only. es- Le J. A. Howlett (Priva New York Curb Stoc Information on All St Henning Brokerage Company All Local Oil Stocks Bought and Sold Flat 6 Per Cent Interest’ Rate Office: Henning Hotel Lobby te Wire) J.J. Giblin ks Carried on Margin ocks Cheerfully Given Phone 1040-W Lester Brokerage House NEW YORK OIL 156 N, Wolcatt N : N | we dividend payers next year. TAYLOR & Private Wires to Casyor, nheuhedhehediubhchededededede ddd kd Permanent Monthly Income $66.65 Can be had for inyestment of approximately $8,000. x jnvested in 5,000 Mieke of ue : E. T. WILLIAMS OJL STOCK Many of the lower priced stocks of today. will information on any stock you are interested ‘in. WE BUY LIBERTY BONDS. ek, Ch: "Phone: 1142 e We will gladly furnish'you CLAY, Inc, tga, f e,