Casper Daily Tribune Newspaper, February 13, 1920, Page 4

; ; otuet PAGE FOUR. WORK LAGS IN UL QSTRIGTS Cold Weather, Rains and Floods General Over Country, Says Derrick All of the oll fields, reported less work on account of cold weather, rains or floods and a lessening of produc- tion, says the Ojl City Derrick’s weekly summary. The news refers generally to late completions and the condition of the lesses does not appear, but pro- ducers claim that this has been one of the hardest winters to keep the wells running that they have seen for years. With lines hurled deep under the snow in the north, and rains and mud pre- vailing in the more southern fieids, it has not been possible to get the reg lar production to the surface, Only the number of new completions in the Mid-Continent of good average and the gushers in Louisiana, have been less affected by weather conditions than other oil states, and even there work would have been accomplished if the situation had been more favorable. It is the one oil division of the United States that promises a long life in de- velopment and production. East of the Mississippi work has been practically suspended for several weeks, or at least has been far below the normal. Even Kentucky has been less active on account of floods. But the dullness is giving the operators an opportunity to prepare for the spring and sum- mer campaign, and this promises to be ~the most active the oil fields havo ever witnessed. Owing to a delay in the mails the Derrick failed to receive its North Louisiana news during the week. In the week ending January 31 the production of the north central Texas fields dropped to 199,700 barrels daily, this being the first week since June 27, 1919, that it fell below 200,000 bar- rels, The loss is attributed to weather conditions which affected not only the producing wells, but held back com- pletions. The largest losses were at Burkburnett and the Desdemona pool. Considerable interest is manifested over ‘the Foster's Hilborn well six miles northwest of Rising Star. At last re- ports the well was flowing 50 barrels and uncompleted, the pay being found at 3,045 feet. It adds greater interest to that section of Eastland county north of Sipe Springs. Many opera- tors believe that Stephens county has the best prospects for large produc- tion and that its wells will show bet- or Comanche. Developments have been retarded in the county by lack of rail- roads byt this is being remedied and the acreage is practically all under lease with prospects of rapid testing during the coming season. <A large number of completions were reported from Burkburnett, tho fewer than the previous week, but none was better than 360 barrels, and most of them wuch smaller with a number of: fail- ures. None was important as to loca- tion. In Eastland county the Root Tell- ing company's test starting at 1,000 barrels was the best obtained out of 12 completions, of which two were dr; Desdemona’s best well was 600 barre! and the other four were very ligh! and one of them dry. In Stephens cou! ty the Texas company’s Parks started at 1,200 barrels; the’ La-Tex company got one on the Burk making: 1,260 bar- rels, and the Texas Pacific's Walker make 1,000 barrels. Of the other ten completions all were light, and four were failures, the latter being the Humble Oi! & Refining company’s four Ingram tests. A number of good producers are being reported from the Kansas fields, the wells starting at from 100 to 600 barrels, or better. Most of these are fairly in well defined territory, byt show the possibility of q@ large output for the pools. Some are showing cpough oil along the oyter boundaries to indi- cate possible extensions. The Oklahoma completions for the last two Weeks ure better producers than the average during the early part of the winter, and show that the fields of that state are fur from being de veloped. The latest real sensation is in Okmulgee county, where the Prairie Oil & Gas company, the Atlantic Ve troleum corporation and others have found gusher wells in the Dutcher sand. This is practically new territory, as 4 dry hole had apparenuy condemned it until the Prairie got a good well on the Drew farm. The fajlure was aban- doned so close to the producing depth of the good wells that it leads to a sus picion it muy have stopped too quickly, altho in some of the producers the oil is found at a less depth than the dry hole was reported to have gone. The Jennings pool is also offering nice wells.. In the Garber pool 300 wells ure making 10,111 berrely daily of bigh grade petroleum, the average per well being a little better than 33 barrels. Tillman county in the southern part of the state along the Texas line, fs @t- tracting co! derable &ttention altho no oil has yet been found. The opera tors, howeve believes it exists there and are paying big prices for acreage. The wildcats in the eastern part of the state furnish q number of failures, but the Kingwood’s 22) burrel well in Okfuskeé county is calling out @ large amount of work. Opage completions during the week in review, included only average progucerts und dry holes. The Gulf Cogst was able to report one of the great gushers not infre- quently expected from that division, and the best for over a year. It was ob tained ut West Columbla when the Texas company drilled in Ne. 30 Hoge uround 3,270 feet, and it ‘started flow. ing at 4 rate estimdted 25,000 to 30,000 barrels. This was tained for three hours, end-was: them, pinched down to 5,000 barrels and. lyt was reported making 9,600 barrels.” The to- vation of the producer is ulso Lmportant us it is a little cyst of the ‘supposed defined lune of the pool. Aside from 'u number Of tests) in ‘thé various fick and among the mwildcuts being near t sund, the gusher was the principal in- terest in the week's news. Work in the Wyoming fields coy: Sists lurgely of wildcat tests the var- for ctions and un extension ef these operations yyer the central part of the state. Several new indications have. been discovered by late completions, which hold out good promise for the future.” South of Poison Spider on Bol: toy creek. 4 new strike is flowing biael oll and promises to be uw paying pro Local OU Stocks Amalgamated Royalty At Boston Wyoming Btg Indian —.. Burke Oil .. Buck . Creek Black Tait Columbine Consolidated Royalty Cow Gulch -. Elkhorn ~.-. Great Western Petroleum -. Hutton Lake — Kinney - 48 sas Lusk Petroleum - < 26 Mountain & Guilt 1,09 Mosher Oil 36 Ao 05 3.69 16 12 33 19 . 2.50 26 23 34's - Ist 4’s Tomi Bell Royalty - Gates=..---- 0. Wind River Refining, ports, for while ‘heavy selling early, in the'day from an -decummulation of holl- day. orders caused the majority of is- sues to break’ from three to ten points, labor’ news on the finaricial.and strike sityation was/reassuring and ‘caused a sharp upturn. Oits suffered in sympathy with . all other stocks in early trading and were the “first ‘to revive, when the improve: ment began. - Midwest Relining, which opened this morning at $149 and fell aff to $146, moved: back to $150; a net gain of $1 over Wednesday's close. | Salt Creek Producers -lkewiso “recorded a food gain when it closed at $50.50 bid, Both are considered barometers of the focal market insofar as Salt Creck is- sues are affected and local stocks con- sequently came into stronger demand on the’ theory that the low point has Leen reached and the effects of the Ieas- ing bill will now come into play. No marked changes were made in local quotations, practically ‘all stocks Ming at or near figures quoted on Wednesday, the last day of actlve trad- ing both here-and in the larger markets. USE OF CLAY IN MAKING «| SOAP WILL REDUCE COST LONDON, (By Mail.)—Extensive exx- veriments have been made in this coun- try’ to ascertain whether clay can be used.in the manufacture of soap. Re- sults soon will be announced, : The idea is to substitute colloidal’ clay for the} fatty ‘acids now derived from animal and vegetable sources. If this proves omimercially successful, it is claimed it would effect a great reduction in the cost. of manufacture. Just Yellow Mustard for Backache, Lumbago Grandmother's old mussy mustard vlayter or poulice generally brought re- T Nef allright even a in the severest cases, but it Duy iey ed und bilistered Uke blazes. ‘ “Heat eakes the pain” reducey the inflammation and seatters conges: tion but you'll find that while Begy’s 4 Mustarine, made of trye yellow. mustard and’ other pain, destroyers ig just as hot ag the old faph- fonéd* plaster, It-is much quicker, ‘ciean- erund more effectiv and ot - plister. , It'S a Breut external remedy, just rub it Un wherever aches, pulns, inflammatt congestion or‘swelling exists and in a very. few minutes ‘the jrefief: you have Jonged-for surcly arrives becayse “Heat Payee pain.” 30 and 60 cents, : - cari’ G. F, BELL i Midwest Refining —_ -39| Midwest Common - n. Western States O. & L. .30 |Mexican Petroleum Texas Oi} -.- Sinclair Oil — 2nd 4's .. Ist 4144's 2nd 4's ard 4%'s 183 lath 4%’ .06 Victory Loan Sins will permit. on different le: nearly 13,000 feet. two complete camps. according to the report of the retiring president, while the cost of the company equipment is The company holds in its treasury 100,000 shares of the West- ern Plains Oil company and 25 units of the Teapot Syndicate stock. about $60,000. : [oduy s Markets by Wire : Furnished Daily by Taylor & Clay, Ground Floor, Oil Wyoming 1.71 1.50 1.60 18.25 3.00 7.50 15 35.50 - 96.25 -$96.62 CEUD E OIL MABEET 5 | Grass Creek SHARP RISE IN STOGKS COMES AT CLOSE OF THE NEW YORK MARKET Decline This Moming Suddenly Reversed in Last Half Hour of Trading with Oils Leading'Good Recovery “in Majority of New York Issues ——__—__——_ The strongest rally on the New York stock market since it started to crumble’a week ago, and:after another sharp decline ter prospects than those of Eastland|this morning, marked the close of trading today on both curb and the exchange with the result that decided gains were ré- corded in many. industrials and>rails. looked. better than for several days, according: to brokers’ re- QUEST DERALGK TO BE | TEPLACED ON TEAPOT The Outwest Petroleum company ex- pects to rebuild the burned derrick on the Teapot holdings as soon as weathor This hole on the Teapot}, holdings is said to be within 800 to 900 feet of the second Wall Creek sand. Ma- terial is-on the ground for rebuilding this derrick and operations are soon to be under way. Since the organization of the Out- west company, the company has drilled es, well holes totaling pany his Conditions in. general The com; Make all your cook- ing more appetizing by using Gem Nut Margarine for shortening, and Seasoning. It is pure, delicious, nutritious and economical. Made from choice cocoanut oil, peanut oil, pasteurized milk and finest dairy. salt. Order @ carton from your grocer today. Swift & Company U.S. A, GENERAL INSURANCE Open - $149.00 $150.00 = |500 or 700 feet. The syndicate has the ~$165.00 $171.50 171.00 178.00 7 per cent nan =1 35% tis Syndicate Formed to Sink Wildcat on Chemical Dome ‘in . Fremont Coun| The Shoshoni Petroleui syndicate, organized recently with W. G. Wey, Ralph M. Steffen and A. M. Clark as trustees, has announced plans for a test well on the Chemical dome, 14 miles northeast of Shoshoni, Wyo., where shallow production is expected aroynd SPUOS. IN TEST: WELL | ON MUSKANT STRUCTURE t 4 The Wyoming-Big Horn Oil company with headquarters at Lincoln, Nebr., is one of the latest to. start operations in the Muskrat field, 19, miles south of Moneta in Fremont county, Wyo., var- jously known as the Puddle Springs; and Castle Garden district. The opm- pany holds leases on 5,400 acres of land well up on the structure and the first well has been spudded in en sec- tion 13-34-91. o, The Carter is making preparations to drill.on this structure as is also the Ohio, which has a rig up to the south- west, and the Western States Oil & Land company, which ig spudding in to the south. The Fremont-Consolidated Oil company will also drill on the west. The strtucture is.exceptionally large and evidence that it is considered good oil land is shown by, the fayorable re- ports of several geologists, backed up by arrangements for the drilling of many test wells. On the many pros- pective domes in this section of Fre- mont county no less than 16 wells are under way and more are projected for the coming season. W. D. Cook of the Wyoming-Big Horn company. passed thru Casper today en- holdings under lease from. the Wyo- ming Chemical Products company. Wildcat Is Showing Oi The Indiana Oil & Gas company, drill- ing near Shoshoni, Wyo., has suspend- ed operations at 1,200 feet after en- countering oil and gas over what is be- lieved to be the caprock to the oll sand. Drilling will be resumed as soon as casing has been set. OSAGE LEASE CALLS FOR DRILLING OF TEN WELLS C. W. Patrick, John F. Vaile and as- route to Torrington and eastern Ne sociates of Pueblo, Colo., representing | praska points. capital to the amount of about $3,000,- sae have taken a lease on 80 acres of Spe aE ee ugo Williams’ land in the oil field and have agreed to arin ton'wers| | | Ln the Day’s News | this year on a 50-50 basis, °°? The Hugo Williams Company is. re- ported to have one well on the 80 acres, which is in the center of the field, and is one of the largest wells in the field. Mr. Patrick, who was here to..close the deal, Tuesday und Wednesday, has paid back to the Hugo Williams Com- | pany all money spent by them in’ the Osage field. He is now installing tanks and pumps and the production of wells:should be known in a few days. NC. L, Holden of Charles City. Ia., newly-elected treasurer of the Wyoming | Exploration Company, is in Casper for} a few. ‘3 On company business. He expects to move here from Charles City , in about three weeks. PIONEER RANCHER LAID AT REST HERE TODAY neral services for Sylvester, Rema- aged 72, a pioneer rancher of the Dect Creek )Patkfgotmtry, whd died at Thermopolis, were held this afternoon at 3 o'clock from the Shaffer-Gay chapel. Rev. Wultér L.'French of the Methodist church officiated! © 5 iMr. Remaley is survived iby his wife and one son. t TEOLOGISTS .« OIL EXPERTS! Explorations, Reports , ‘yoming Map'& Blue Print Co. P. 0, Box 325. Rex, 10, Lyric | { How love for mechanics Jed to for- tune -is illustrated» by the romantic career of F'. H. Royce, the English en- gineer» and automobile “manufacturer, who designed the aero engines which made possible the epoch-marking flights from- America, to. England and from England to Australia. Beginning life as an apprentice in a railway shop, Mr. Royce ultimately, obtained employment selemrtgeaatncoor in ‘Oily Scalp Process EEL pons THE MARINELLO sir0P a 48 E. Secent,.. Phone $v3. Oil cy Fh FOR THURSDAY AND FRIDAY Richelieu Lima Beans, No. 2 can............ Richelieu 3-X ‘Wax Beans, No. 2 can... Bede Richelieu French Style Beans, No. 2 can... “ Inniting Opportunity In ready funds is the magnet that will draw oppor- = Sanity not once .but many times to ‘the thrifty man’s oor, The funds‘ne¢d not be large. There are opportunities of all sizes, But the possession of capital, no matter how limited, implies the presence of ‘other desirable qualities—such as business sense; stability, ambition. By starting “a favings Account’ with us now you will soon have sufficient savings accumalelad toienable you to welcome Opportunity when she next knocks. With- out money you may not even recognize her. | Make “This Bank Your Best’ Servant Open an Account with Us Today—NOWL © | in, a. measure contribute: to and are _ginnings of nervous prostration. - SCOTT'S EMULSION is a deci In ‘to those who are nervous, in that it i feta on pools ssimilated food that quickly builds up The genecal health by nourishing the whole body. Give less attention to worry; enjoy regular rest and sleep ( and take Scott’s Emulsioh regularly after meals, Scott’s never fails to nourish and strengthen. Te extuaive grade of cot iver oll sell ia Seaeg Tr out own fa tee of purity and palatability Laboratories. It is a guaran! 1d, No Se Carnes Brokerage Co. and Public Exchange PHONE 1147 OVER IRIS THEATER WE BUY AND SELL WYOMING OIL STOCKS List’ your stocks with us, we can handle them on a re- - markably low margin. Our commissions are but one percent f of amount involved. i FOR SPECULATION: We recommend the purchase of Royalty '& Producers, Casper Ranger, Domino, Outwest and Sunset. . These stocks will make you some nice money in a short time. . .. FOR INVESTMENT: -We recommend the purchase cf E, 7. Williams and Consolidated Royalty.’ : WE WILL SELL SUBJECT: 2100 American at 2c 1000. Columbine at 57¢ _ 1000 Domina at 1514c 5000 Hutton at 2i4¢ _4 Lance Creek Units for $27.00 each ‘\ 2000 Lusk Petroleum at 32c a) 1000 Mike Henry at 7c ’ el ad} S 1000 Picardy at 1314¢ : 1500 Royalty & Producers at 38c 1000 Sunset at 19c : 1000 E.T. Williams at $1.7: 1000 Tom Bell at 31c 1000 .Wyo-Tex at. 15c 1000 Wind River at 614¢ 500 Western Aeroplane at $10.00 : An Unprecedented Opportunity To Buy Western Aeroplane & Motor Co. Stock ‘at par value, $10.00 per share. 25 per cent . down, balance 30 days. Phone us, 1147, or call at our office and let us explain the possibilities of this com- ——— TAYLOR & CLAY, Inc. STOCKS AND BONDS Fall information regarding Wyoming Oils, New York Stocks, Liberty Bonds and other issues furnished upon request. Place your buying and selfing orders with us. Cornplete facilities of qur office enables ts to handle orders on up-to-the-minute quotations. We are the only Brokerage Company in Wyoming with New York Stock Exchange Connections. Private Wires to Casper, Lusk, Chian, Rawlins, Denver . . . . N N N . Q . : \ ; N ; N : 5 a hy, Lester Brokerage House NEW YORK OIL 156.N. Wolcott Phone 1142 Sa OLD c. TIAA SALA LL A ing Broker - Henning Brokerage y J. A. Howlett (Private Wire). J. J. Giblin ~All Local Oil Stocks Bought and Sold New York Curb Stocks Carried on Margin Flat 6 Per Cent Interest Rate Information on All Stocks Cheerfully Given - Office: Henning Hotel Lobby Phone 1040-W COO G OOM a os {° “BEST BOWL OF CHILTIN TOWN N 20c at the CHILI KING LUNCH 8 Crating andraas — S oe ed