Casper Daily Tribune Newspaper, March 20, 1920, Page 4

Discovery Well Des Develops Water While Two Big Gushers Are Falling Off The discovery well in the Lance Creek field brought in by the Ohio Company has encountered water after PRODUGTION OF W LANGE GREEK Furnished = td by Taylor Local Oil Stocks producing for about a year, while other wells which came in with large pro- duction have dropped into the less-| than-500 class, Efforts are being made; to cement off the water and continued oil production is expected by the Ohio officials, The big Ohio well, which came in several months ago in the Lancé Creek | field with a ish production of 4,000 which settled down soon ,000 barrels, is now mak- 0 barrels. This Ohio well is the No, 1 well on section 4-35-65. { The other big Ohio producer brought in a few days later with nearly the same large production, has settled down to barrels. This second well of the Ohio on section 4- nd is the Cash No. 1, H four strings of tools are being} operated in the Lance Creek field by | the Ohio company at the present time. ral strings have been taken to the Salt Creek field. | Oil mén familiar with the Lance Creek field state that the big drop in production is due to the fact that there | a large amount of gas pressure 1) “lent in this area. If this pres- sure W attered over a larger area the wells probably would come in with a smaller production, but would keep is the is closer to the original production. | Oil offic! will not say that the} Lance C field has fallen down, but they state that it is not nearly the field which at first had been expected It will be a “nice productng field” for some time to come, they believe, BAIN IN STUCK NRT FOR WEEK | Advances Recorded on New York| Exchange Reflect Improve- ment in Finances | The New York stock’ market closed | strong today with many industrial is- sues quoted at prices which represent | large gains over a week ago. Steady | improvement marked the week's. trad- ing despite temporary recession and? the financial condition of the market eyidenced more confidence: than has been displayed for weeks. United States Steel closed today around 103. Call money was quoted at | 7 per cent and forsign exchange held to gains recorded recently, the pound sterling closing at $3.80 1-4 today. after having reached $3.82 1-2 yesterday. Oils failed to provide any market sen- sations, although Midwest Refining gained $3 this morning to $174 bid. Salt Creek Producers, another major issue of Wyoming, closed at $49.50, register- ing a slight setback. There was little or no change in local/ issues tod through lack of any sig- nificance in corporate or field news. The time limit for stockholders’ subscrip- tions to the new issue of the Wyokans yndicate at the rate of one share for every twenty she day. The new issue represents but a small addition to the outstanding stock of the corporation. Reports from the Casper office today said that Wyokans is rigging up/to spud in its first well on section 18-40- 78 of the Salt Creek field, where there seems to be every assurance that pro- | lific production will be found in the second sand. ) } Cri es owned expired to-} Bid Ask | Western Exploration Amalgamated Royalty ---.$ .36 $ .30' Wyo-Kans — 6 = «07 Wy-O-Tex 02 03 | Keo-Hurst . 38.40] Boston Wyo 1.08 1,11) New York Curb Stock |Sand Hills . 2.00 Open | Burke Oil 38 Midwest Refining ~----=$173.00 $175.00 Big Indian —.. a3 Midwest Common 1 2.00 Buck Creek . 1.35 Midwest Preferred -. 1.50 2.60 | Black Tail — 8 Merritt. _—— 20.75 21.25 Columbine _ 45.47 _Glenroek Oil 8.25 8.37 Consolidated Royal 1.55 1.57 Cosder, _-.. 9.00 9.12 |Cow Gulch - 44 46, Okanulges P, & R. -62 87 Elkhorn — 20. © .22) Elk Basin ~.— 10.00 10.25 Erants Corp 3.50 Salt Creek Prod. Assn... 49.50 49.62 4 Western States 0, & L. 35 (1,00 02 'Prod. & Ref., Com------~ 900 9. ae New York Stock Exchauge Stocks ; vy Mexican Petroleum ~..—-$191.00 $194.00 ai eercalty or ag; Texas On 210.00 211.00 Lusk Petroleum Ne Ati ee AB BB. 540.68 Mountain & Gulf 1.02. 1,961.05 Sz Steet 104.62. 10889 Mosher Oil _- 40) ap {Call money—— ----7 per cent Frantz Corp. 3.25 440) Liberty Bonds Outwest — 04 5! Picardy 13) ae dace ntatna-$9.00 Riverton Refining 10. ag/ dst 4 —— 90.49 ‘38 40. 2nd 4's ~ 89.00 79 | 1st 4%'s ~ 90.70 2.00 229/ 2nd 4%" — 18 ©. 20) 3rd 4%'s _ 2 2.04 4th 44% "8 — Wind River Today’s Markets by Wire : change Building, Casper, .06% Victory Loan Favor & Chay, Ground Fler, on Wyoming iams, B. T_. plain directions: ‘a fe Bite. Columbus, Ohio, Rat, Bend your maha, ab” scaren The E: T. Williams Oil Company is eurning approximately $1,100,000, in ad- ditiog to its dividend semafrenente ot $360,00C annually, according to a sum: Ported to be room for twen five wells. It is said tat were $250,000, or at the rate of $3,000, 000 a year, which is nearly three times the earnings in 1918. ‘This is equive- duction daily from this. acreage. One completed well is capped on feased land in’ the Salt Creek field, which has an estimated production of 260 barrels. There are also three strings of tools set up and in operation in this acreage. ‘The Williams company has two com- lent to $1.68 & share on the entire au- thorized issue of $17,000,000 of common stock. after making provision for preferred dividend. Net tangible a.sets, after the elimination of the values of leaseholds, as of December 31 last, ee ete ae will pleted wells in the Strawn field of Texas with a settled. production of WYOMING CRUD £ O1L MARKET Rock Creek Salt Creek Big Muddy Pilot Butte Torchlight ~ Mule Creek - 255 2% 3.10 HOCK GREEK CO. BEING FINANCED lew Concern n Holds Lease nj State School Section in | Southern Field Announcement has been made of the | ings and condition of the Rock} ik Producers Oil Company with the | placing of the stock on the market for the first time, Headed by Oscar Waech- ter of Laramie, former commissioner cf Albany County and ranch. owner und cattle raiser, the company has such officers as W. T, Wilson, former manager of the Diamond Cattle Com- pany, ‘vice president; John Hefferson, Union Pacific railtoad engineer, secre- tary and treasurer, and J. R. Sullivan, former state senator, and A, W, Mc- Collough, city attorney’ of Laramie, for counsels, | The company has been approved by the blue sky commission of the state and has been incorporated under the | laws of Wyoming. The capitalization is |. 5,000,000 shares at a par value of $500, 000. Through an error the capitaliza- | tion was listed in an advertisement in | ‘The Tribune recently at $50,000. { The company property comprises the | whole of section 36-19-78 in the Rock } Creek oil field, located in Carbon Coun- ty, Wyo: This land is’ held under | uchool lease from the state. The Rock Creek Producers Company | has succeeded in getting close to pro- duction and to the Ohio holdings, ac- cording to the detailed statement is- Sued by the company. is said to be practically on the #xis of} | the anticline along w the Olio Company has brought in its producers. The | the Western Plains Oil Company has and adjoining this Rock Creek \Pro- ducers’ holdings. All three holdings | are said to be excellent. | This property | | Ansonia Oi! Company of Louisiana to ; island acreage with \ twelve comp) |.and double loading racks’ for \ two cars and about $400,000 worth. of Outwest Petroleum Company and) $2.75 Grass Creek Greybull - Elk Basin Lance Creek .. Lander .... LC. ROYALTIES COMPANY BUYS HALF INTEREST. IN THE ANSONIA COMPANY! DENVER, Colo, Mar. 2¢—The trans- fer of ‘one-half undivided interest in the the Lance Creek Royalties Company of Wyoming extends the sevpe of this en- terprise. The deal involves the pay- ment of about $1,500,000 in cash and | stock. .C. D. Zimmerman, president of the Lance Creek Royalties Company has just given out the following official Statement through. W. A. Matlock & Co.: ‘op; are expected in about three weeks about 600 barrels per day, the off being sold at $3.50 a barrel. The company also has three weils drilling and these psc amen yk Ot ide a gta NEW COMPANY TO DRL: PINE MOUNTAIN FIELD. A. D. DeLong of the Racine-wWyo- ning Oil company, is here from Ra- une, Wis., to arrange the business -af- ‘airs of the company, _The Racine company is a new company in the field rere. It has a $100,000 drilling, fund, yas purchased a standard rig,and is making * arrangements, to” eommence drilling on Pine Mountain, pokadictiy tee “cane cesi2tleny ¥. J. Costello has returned from Mon- tana, ‘where he went to inspect holdings in the Cat Greek oil telds. —— Calvin H. Cass, who -spent several days at the Osage bil fields is here apart. This company controls a-subsidiary company known as the Williams Petro- leum Company, which owns 4,700 acres in the Bull Bayou field of Louisiena. A gas well with about a 3,000,000 cudic foot production wes brought in recently on this property at 2,900 feet. equipment and tankage, all paid for. F, Yoakum of New York has a long-term contract for the purchase of Ansonia oil up to 10,000 barrels per. day and is erecting a refinery at Gilliam on pe property and is also, building two 4-inch pipe lines. from Pine Island to Shreveport to take care of Ansonia oil. Col. J. T. Jones, formerly in charge of production for the Texas Oil Com- pany is in charge of Ansonia produc- tion, which is an assurance that the property will be aggressively handled. Present” posted price Pine Island oil $2 per Darrel, with a premium of 65 cents. We have pooled for one year at Central Trust Company of Qlinois, Chicago, about 3,000,000 . shares. of “Lance Creek Royalties Company bas just closed purchase of one-half. inter, est Ansonia Oil Company of Louisiana, owning. 1,560 acres of proven ine wells, three additional wells drilling and derricks up for three more wells with 2,600 feet of double track siding forty- Lance Creek stock, leaving ouly about 1,500,000 shares in the market. “Lance Creek Royalties ehaiea, are} active on the Denver market and the New York curb, es eg ALL AUTOMOBILE OWNERS. “shouta| see our ad this issue. . SQUEEZED TO DEATH When the body begins to stiffen | epek movement becomes painful it | usually an indication that the | MR. OIL MAN! We write permit BONDS You will have to furnish bond with application for government lease. We have forms and authority to, execute such BONDS. R. T. KEMP €0. 111 East Second Phone 370 | kidneys are out of order. Keep | these organs healthy by taking | | liver, bladder aad uric acid troubles. Famous since 1696. Take regularly and keep in good health. In three sizes, al! druggists. Guaranteed as represented. | feck for the name Gold Medal on every be” and accept no imitation JAMES A. McKNIGHT NEW YORK CITY Oil. Mining, Development and Financing 105. W. Fortieth St. TAYLOR & CLAY, Inc, STOCKS'A ND BONDS Foll information regarding Wyoming, Oils, New York Stocks, Liberty Bonds and other issues furnished upon request. with us. handle orders on up-to-the- Place your buying and selting orders Complete facilities of our office enables us to minute quotations. We are the only Brokerage Company in Wyoming with New York Stock Exchange Connections. Private Wires to Casper, Lusk, Chian, Rawlins, Denver | The world’s standard remedy for kidney, | Momeni ry Ann | wiht ho pS and summer. | The best car tires. received since 231-237 North MOSLMILES PER DOLLAR Spring Is Coming Soon Auto users will soon begin to get their cars saad for spring Dao not be too hasty in selecting your new Tire Equipment! We recomimend FIRESTONE GRAY SIDEW ALL TIRES and assure you tat: they will give you absolute satisfaction. We carry all sizes in both Fabtic and Cotds for all'cars and trucks. We have a stock of more i a thousand new tires, January 1, 1920, ° “EARL CB WORD OF HONOR.’ Sy Sl - Me ween een in the world is ultenately no better than it i ty oe Pi Center Phone 9 weerrevrrvrreoneres RUDY’S se pices PANCA They AreM ade from BUFFUM’S EMMER PANCAKE FLOUR Which contains no rice, corn, or other substitutes, but is made from the pure Emmer grain—the super-wheat created by Prof. B. C. Buffum. —Emmer is the most nu- Bidens end digestible of all the grains, Pancakes made from Buffum’s Emmer have a Ptpaaoking flavor you can detect in no other kind. SERVED DAILY AT ‘ RUDY’S RESTAURANT Carnes Brokerag e Uo. and Public Exchange \ F PHONE 7147-1345 OVER IRIS THEATER WE BUY AND SELL WYOMING: OIL sToc?: J f “List your stocks with us, we'can handle them on a yé~ a = & Fowinie Sgit low aa Our commissions are but one sieht FOR SPECULATION: We: Aeeeanmieed tie the purchase o! Royalty & Producers, Bessemer, Picardy, Domino, Outwest, Sunset and Casper Bolton Syndicate Units. These'stocks will make a some. nice pace D Wl a short time. the purchase of ‘OR INVESTMENT: E.T. Yio and eet Royalty. "WE WILL SELL SUBJECT: ‘* 2100 American at 2¢ 1000 Columbine at 48c 1000 Domino at 18c 5000 Hutton at 214 1000 Royalty & Producers at 39c 1000 Picardy at 15c j 20 Casper Bolton Syndicate Units, $50 ea. 1000 Lusk Petroleum at 19c y 2000 Bessemer at 38c % 2000 Amalgamated Petroleum at 144c -1000-Tom Bell at 19¢ 1000 Wyo-Tex at 15c 1000 Wind River at 6e 500 ‘Western Aeroplane at $10.00 ‘WILL 3000 Domino at 15¢ 5000 Mike Henry at market be: Royalty & Producers at 37¢ wurst at 54c Son Wyo-Tex at 13c 5000 Hutton at 1%c ,. 1000 Cow Gulch at 43c Sunset at 1€c. >» » Henning Brokeras age J..A. Howlett (Private ag 13. Giblin All Local ‘Oil Stocks’ Bought and Sold > New York Curb Stocks Carried on Margin _ Flat 6 Per Cent Interest Rate Plone 1040. ARNE NEW YORK OIL 156 N. Welcott Phone 1142 ’ id & \ ) ) N ) N ) N N . & Sconce : Shia hic a ine