Casper Daily Tribune Newspaper, July 19, 1920, Page 4

PAGE FOUR Py eae CRUDE IN SOUTH Today’s Markets by Wire Ty Furnished Daily by Taylor & Cl & Clay, Ground Floor, Oil Exchange Building, Casper, Wyoming Local Oil Stocks. New York Qi_ 27.00 Bid. Ask. , Northwest - 23.00 27.00 Ww se |Amalgamated Royalty ----$ .22 $ 24] Gy Ol! Miele “geek Atlas .. 02 04 New em: | American 0% 01 iew York Curb Steck, east tir eens “at “130 [Midwest Refg. - $146.00 Large Companies Not Loafing on|purke -_- Bis), Saal ewes i ooniee 2.08 Job With Respect to Rich | Big. Indian ~ ae Merritt __ 15.50 P. ts in M |Buck Creek i a0 |Glenrock Oi ‘4 Fospects an any | Brack Tail 2 06 |Cosden __ 750 Countries. Casper Ranger OL OO: 02 | Oneal 37 Capitol Pete 05 Elk Basin 7.62 * Columbine ~ 35 37 Salt Creek 37.50 From the Oil City Derrick Consolidated Royalty - 1.27 1.31) Western States 62 According to “Oildom,” the history|Conroy ---. 1.31 1.84] Prod. & Ref: 2 » 7.00 of the Ame n invasion of Columbia|Cow Gulch - 17 19} Allen ~ ~ 2.00 ucla is extremely inte: resting | Domino - 09 11 | Cities Service Com....22 328.00 ates that least so | Elkhorn 09 -10| Pan-American Pete. Carib company is concerned, no Pri New York Stock Exchange Stocks. opportunit been lost in placing!G Open. Close. aluable ‘field und Mexican Petroleum ~ $191. ment. The portion | Hutton Pan-American P 103.00 and Columbia, lying im-/ Jupiter Sinclair Oi — 31.00 west and south™of Lake|Kinney -. | Texas Oil ~ 45.25 within the last few years,| Lance Creek Royalty - U. S. Steel - 91.25 reveived very careful attention| Lusk Royalty — | Union Pacific 114.50 ny of the of Ameri » present tin prominent oil com: 2 and Europe. At] e areas, which seem] y to produce oil in commervial | antities, are controlled three op-] ting compan name Co-} lumbian Petroleum company, lon | Development company and the Ma acibo Oil and Exploration comy The total which has been ny a result of « comprises ap- nd one-half milion ‘Lusk Petroleum — Call money per cent Mountain & Gulf FORE Mike Henry -14 | Sterling $3.85 Out West — .08| Franes — 1190 Picard: 09) Marké _ G.w.F -08 Lire -. Riverton Refining = .09 | -|Royalty & Prod. 18 |31-28 .| Sunset — 4 last 4s Tom Bell .06 2nd 4s .. Wind River Ref. — 04 Ist 41-48 Williams — Exploration — 2nd 4 1-48 {3rd 41-45 acres, ximate twelve tb ans = =. 4th 414s sand squar are found an| Wy-O-Tex 07 | Victory 43-48 extensive rings, yielding 1 1 oll,| WYOMING CRUDE OIL MARKET. Some of th elded twen-| Grass Creek -. 10, Rock Creek -. 2.75 ty-five barrels of oil per day. These] Torchlight 3.10]Salt Creek 2.75 remarkable indications hi een the] Blk Basin 3.10 | Big Muddy — 2.75 incentive for the drilling of five wells, | bull... 3.10|Pilot Butte _... 2.75 four of which are owned by | Lance Cree -- 3.05| Hamilton Dome, 2.50 Development company Ltd b| Dandér 222 Mule Onsen 2.05 fifth being the well of the Coluenbian Petroleur Considering the remoter area, from civil rd tion, the difficulty of transpo: tion, this is a truly ble result from the mo¢ € 2 of rime! and money. It is understood that the Columbian Petre mpany is con ie templating a > development policy, and tt ions for addicio-al| w » been made. The pine ais-| tan from the initial well of the ‘o lumbian ¥ eum company, is about 180 miles from good harbors on the} Carribean coast hese harbors are within 24 hours’ sailing distance trom the Panan anal, and are a1s9 a er dists from New York than| » of the as oil ports, or those of} Th short etion of this pipe will place this le petroleum in the constru ler moving up) fining company has struck a small showing of high grade crude at 1,- toward an import in the pro. duction of petroleum. ‘The national-| 375 feet, according to field reports, and has aroused hopes that an- owned oil welts at Comodore Rivada-| other proven district will be opened up in Lincoln county. Twenty- via, in the territory of Chubut, oper ated in the interests of the govern-|five barrels of crude were baled out of the hole and drilling is pro- ment, by the Compani entina de/ceeding night and day to complete the Comodore Rivaday sion deltest as soon as possible. A letter from the superintendent of Petroleo, has been The fig-| The well is located on the Jim Davi-| the lease to the Denver offices of ures stand for the years from 1914 tolson ranch, section 11-21.115 and was| the company states that the well should 1918. In 1914, the 40,689!spudded in last October. Geologists be-| be good for 250 barrels a day when metric tons; in 19 » tons; lieve it to be drilling in a perfect anti-]}On the pump and that he believes it. in 1916, the yield metriclcline, the accumulation and drainage| Will flow when agitated. No. 3 Kim- tons; in 1917, 168,984 areas of which is estimated to embrace |\ball, same lease, is down 200 feet. 4n 1918, 182,468 metric a large territory. One mile south of the{ AS soon as the central pumping plans fore, is safe to say that the petroleum|/Gulf Coast well the Lincoln-Idaho com-| {8 completed on this lease several edu away down south, toward |pany is drilling. The Petrogas corpora-|ing machines will be installed and it] ie Cape Horn, is rising to a place in local|tion recently removed its rig from the (Will be drilled up rapidly. The le consumption, if not yet extending t jsame region to start work in the Osage|Comprises 160 acres and, allowing or the commercial world. field at New ; (well to each five a it has room Four oil companies are now produc aks fonimorethanitortytwellaciaalthennn ing the commodity in the Comodore Work Resumed at Colter \sand in this district is found Rivadavia. fields. But the most im-| The Curtis well at Colter, Wyo., is|Paratively shallow depth, it on portant is the government agence ain drilling after recovering tools |*hout three weeks to complete a well, They have seven petroleum refineries|which were lost for some time, the total cost being around $7,000. in Argentina, but only one of these is wee of special importance Gates Gets Osage Lease The prices of petroleum in Argen-] Gates Oil company has closed a trade Buck Creek Operations Pas tina rs in 1916 from 10.62 gold/for a lease on twenty acres in the|,Oh!0 production in the Lance Creelt pesos to 25 pesos per metric ton (1 et in Oklahoma, one-half meld Aes eBOiieo, 378 Bars Weeo_-$0.966)) In 1917 tha) range) 4M|Palle northweatitromvabdiepotarrerewelt rels a day ar uel Creal production price was 30 and 47 pesos and in 1918]recently completed by the Lake Mar-|pas Bone down to 150 barrels, accord! ng it varied between 51 and 98 pesos. At|mae Oil company. The Marmae’s wei.|'® 4, Statement issued’ in| Denver hy the of 1919 the price had|is in section the pay being found | 4- Ge arisales: inresicen te Obits ane 71 American currency, in what is known as the Bartleavite| American Livestock and Loan com- f. 0 10s Aires, per metric ton,{sand, The Gates’ twenty-acre tract is|P8ny, on his return from the field. record price for the oil,]in the east half of the southeast quarter|,,The Buck Creek test well on section yout $10.61 In 1915. Later|}of the south e: quarter of section| °5-36-65, he says, is down 4,108 feet eng January, 1919, the price was about} 31-21-6, The Gat. mpany will start} Work is going ahead. This well is bet Aiitegonss > declined! rilikig on ithis leaselatrodtes ing sunk for the purpose of determin- then onthe pr at B. 8, BROOKS 10 E HONOR GUEST Consolidated Roveley Company to Banquet President at Hen- ning Tuesday. In rognitiom of the suc s which has marked his administration of the affairs of the company, a dinner will be given for B. FB. Brooks, president of the Consolidated Royalty Oil company it the Henning hotel on Tuesday a group of the stockhol¢ vany living in Wyoming and air will be a tion dinner. F have been engaged in Deny nd numerous men| prominent in the oil industry will at tend the dinner. Governor Brooks has given his set- vices to the company without any compensation and the suce of the venture is ely due to his efforts.| In the thr of the company’s histor it grown from a small convern into a corporation with nearly ) million in eash reserves, a constantly jcent gravity oil. MARKET GOSOIP AND FIELD NEWS QL STRUCK IN LINCOLN WILOGAT | Waterfall Test 15-Miles East of Kemmerer Shows Small Quantity of High Grade Crude at 1,375 Feet; Completion Rushed by Gulf Coast. In the first attempt to find oil in the Waterfall territory, some 15 miles east of Kemmerer, Wyo., the Gulf Coast Development and Re- Ing what lies below the present oil Gates Oil company is down 1,000 feet dnote [eet it ti cen tee foe ae OL eaea on ane ra ieana iaeriieee ice aie eee re sounty, eres been found in» Rock Creek. = vell No. 30 ,which has New Incorporations Buck Creek well No. ; . Emporia Drilling and Developing! had all sorts of misfortune, is now company, with a capital stock of $200,.| Sttaightened out.« The drills have got 000, par’ value $1 a sh has filea| bY the lost tools and are trying 10 get the casing to the bottom. articles of incorporation with the Wy-| PN ciEs Onee Te cara ER EDEL ONC Raton min ate. ibs lirectors Priston Eris Clark y. M ods The and is expected to be a producer. This well may be heard from any daj On section Buck Crefx Apex 2 well, No. 3, is down 3,595 feet. It had the usual gas sana and the balance of the log is correct. It will hava to be cemented, and, will, undoubtedly, be a producer, say its drillers. In addition to these four wells being Joint ‘Test Drillin drilled by the Buck Creek, the TWnion Producers and Refiners corporation|S2™mbany 18 drilling three, the ents and the Gates Oil company are drilling} COMPAany one, Western States one. und at 1,600 feet in their joint test in soath-| Ohlo two, making eleven wells In alt. tern Callahan county, Texas, on the}, The Buck Creek company has a J. H, Lee farm. ‘This locatioln ts sear] !tge amount of material on hand and the Vestal, which had an initial flow of| Sufficient money in the bank to coni- e a plete its program. |around 1,000 barrels a day. Mr. de Ricqles says that the Black Wyoming office is in Lusk. The Clay Spur Oil company, stock $500,000, par value $1 a also incorporated. The directors are John Lister, P. J. Nacey, K. M. Kel- logg, L. S. Hanson and H. C. Nedred. The Wyoming vftice is at Upton. capital share, ., y Tail company has finally got thru its yeti roe Well ietertea is a|many and continued difficulties und well on section 13 of the Cat Creek|@uring the last thirty days has made tie| About 550 feet. ‘This well is commens- whiel,{ing to gas and Tom Bell, who has tecn ieeee at this well constantly for the Jnst Royalty and Produc | thirty days, says that the orobabititfes “tare that it soon will be an oll well. If this well proves a success, }t will open structure, yMontana, Frantz corporation is daily producing offsetting fo. 2 well, ers owns the royalties on the land t be drilled by Stock & McCarthy. growin, ing power estimated at Standard Dividend close to a million nda large in-| Standard Oil of Ohio has declared its fluence’ is shapins pment Of regular quarterly dividend of $3 and an snnae the oil lands of Wyoming extra of $1 a share on common, pay- ar en able Oct. 1 to stock of record Aug. 27, In the rural districts of Germany,|ing g regular quarterly of $1.76 on not so many years ago, “pay weddings" | hrererred, payable Sept. 10 to stock of were auite common, ‘These peculiar en:|PoCorq duly. 30. tertainments were arranged for the pe et anr prrartcryk rete meee cuniary benefit of the bridal pair, for Gates’ Operations EO. per cont of the Electrically ts each paid an admitta: © fee. When running in the tubing in the equipped cars today. ecolpte 1 urd furnishing 4) Gates Oil company's No. 2 Kimball Generator, magneto, starter an home for tl jwell of the Virgil field in Woodson!§ !shting equipments repairpd. ae 5 jcounty, Kansas, it started flowing and Calin Tie ie Pe Or prayes-| TLlmhes Hotes “put -160 jbabramuce suit ASG EE Sos fianiaigedaatuning fin-|into the receiving tanks. The well is . eh ee ete hos eth) ishing. All work veing rigged up to put on the power} (Old 111 E, First St.) Cramer, phone 1468. {and now is flowing by heads.. iciseneneieebendateaetmestemeemmeamemteee eee @ new field about twenty tniles north. east of the Lance Creek distri Merritt Dividend Merritt Oil corporation has dectore1 jits regular quarterly dividend of 14 | Per cent, payable / 14 to stock of record July 31, Bessemer-Domino Well Shot More activity has heen seen in the Sait Creek oil field within the last »Week than for nearly a year, with 1} completion of two big wells—one by the Ohio‘New York companies and the other by the Midwest—coupled with the ‘shooting at the Bessemer-Domino well on the northeast of section 10-39-79 yes- terday evening. The Bessemer-Domino/ the leasing law. Oil shot over the derrick and the ‘hole cleaned itself in fine shape after the discharge of 60 quarts of nitr glycerine. The company officials esti- mate the well at 1,000 barrels with a barrels. The well probably ‘tested today. The oil from this well has been re- leased by the government and being! handied by the pipe line to thé Salt kK field. It is being marketed. O-harrel storage tanks have ed on the ground by the EI semer-Domino companies, and oil from] ‘these is running to the Midwest pipe line. Those who witnes will be sed the sh the Bessemer-Domino well are Mr, and Mrs. C. E, Littlefield, Glenn Littlefield, Royce Wagner, and . N. Chapin, Mr, and Mrs. Henr: and Mrs. Otis Thompson, M nd ‘Creek sand and oil morning there claims, it is A, at Wyokans pects Oil in Ferris | Wyokans well on Section 3 in Ferris} Dome is reported to be down to a depth of 3,100 feet and it is expected that the} ‘oil said will be found in the neighbor- hood of 3,400 feet.. The Texas com- pany has 300 feet of oil in the hole in its well on Section 1, a mile and a half east of Wyokans, and is now fishing | Is Increased to 50,000 Barrels } Well is the first to be released under| Settled production of not less than 700] “| total of nearly 77,000 barrels of oil per oting of | 1Y | lieved by most oil men that this amount :|leases expected by the larger operating MONDAY, “my 19, 1920. BOOST Ol RUN Midwest Refinery Capacity Here a Day. - With the placing in operation of six more new stills at the Midwest refin- ery here on August 1, the marimum capacity of the refinery here will be in- |creased to 50,000 barrels per day altho | the actual capacity will be about 49,000. | This capacity is expected to care for |all new production from the Salt Creek "| oil field after ail leases under the lcas- jing law have been granted and no tensions will be required for nearl; | another year, it is believed. | With the increase in capacity |to 50,000 barrels, the Greybu'l ery making a maximum of 15,000 ba jrels; and the Laramie refinery + | within the next three weeks to hé \a maximum of 12,000, the Midw |tining company’ will have an indic hére refin- making it one of the es of its kind in the wo sent production in the is about 30,000 barrels, jargest com 1d. alt Creek it is_be I field | will be practi jor 1 the end government makes the NEWSTUISTO = ‘omy Carl P. lathe,| The sent capacity of the Casper A. Sutterfield, Preeman| plant, has prevented the Midwest Re of Santa Bar ati | fining company, it is stated, from en- The well owned jointly by HH, jabling it to s any great volume ot| nberg, C. 1. Littlefield and son jcrude, but it has now made provisions! th and J. E. Dy fof an immense storage both in the} 18-29-78 was drilled to the second Wall field and at the refine lof the new pipe line from S and strong flows of gas were encoun- | Casper, will enable the company to! tered. Oll. connections probably will) handle nearly 50,000 barrels per day be made today. This well will not e¢|compared with approximately 30,000 completed until the lease is secured|}arrels at present. ‘The new line is ex- under the leasing law from the gov-j pected to enable the Midwest.to mov ernment. The well _ yeste: was! crude to the plant faster than it is re drilled in only twoefeet. quired in the stills and to store large Advertising on this well has been! stocks, completed, and are no adverse} That all the storage the company owns will be in demand before another | year is ended™is indicated by the rapid- ity with which the few fortunate re pients of leases are preparing to drill their land. On one of these leases, the east half of section 11-39-79, which was SEE BEN for tools. Cc. H. Townsend, L. A. J. Philipp.t, W. R. Johnson and Jack He spected the Wyokans holdings in Fer field the latter part of the week also made a general tour of the field. | They -w well pleased with progress} the Wyokans is making. | | o ——— —ao | | Road Bulletin | — o | State Highway Department, Office of) District Engineer. it Creek Road—Generally within three miles of Salt Creek, rough to Salt Creek. then then excellent then good to near Moneta; ne rough to Shoshoni; trail fair ‘oss mountain to Thermopolis; Shos- -Riverton, good; Riverton-Lander, Yellowstone Highway, east—Gener- ally good to Douglas, Manville, Lusk} and Cheyenne. goa an AR good tol # west—New ! @ Why? Do some people take chances on losing all they have-worked so hard to save, by not properly _ protecting their Home: against loss by fire? We Write Firé Insurance | doe Ben Really Ce; 109 W 13" ST. PHONE 74 W You can’t tell a romantic young gir) sn't everything, and you can’t th Made in the $7.2 Casper Stor i ‘YRIESEDIECK BEVERAGE WYOMING GROCERY co., Distributor, Casper, Wyo. Special Lander Valley Strawberries Received Daily The Richelieu Store Old Way b \ Per Crate age Grocery | Phone 97 leased by President Wilson 0 Mike) Aghestos Chimney Blocks Burke, the Salt Creek Consolidated Oj! solute guaranty against de- company and the Kasoming Oil com- festive fines esi. 50 per foot put u; any twelve rigs have been erected in| fec Phone 693-3 PeeRED. 'PATEE the last two weeks and materials and —— GEOLOGISTS (IL EXPERTS equipment to start six wells are being moved into the field, It is aaa of the amore commen. sich st | Ee Rss Priaks Explorations Reports «|| Wyoming Map & Blue Print Co. “is ||P. O. Box 325. Rm. 1g, Lyric tools steadily at work until the 1 is completely drilled. All over the rigs are going up dail, and Wyoming premier field shows greater acti than it ever has exhibited in its tor Many a Pretty Face Spoiled by Pimples salves and other local remedies, as they can not possibly reach the source of the trouble, which is in the blood. Begin taking S. S. S. today, and write a complete hi tory of ver case to our chief medical adviser who will give you . Unsightly Disfigurations Tell of Impure Blood. Don’t close your eyes to the warning which nature gives, when unsightly pimp! appear on your face and other parts of the body. |Special instructions, —w i the We If you are licted with any|charge. Wo 2t_ once to Swift t Laboratory, At- Specific Co. S form of skin disease do not expect ( lanta, Ga, to be cured by lotions, ointments, AMERICA’S FIRST AND FOREMOST . CIRCUS CASPER, SATURDAY, JULY 24th ONLY BIG SHOW COMING HERDS of BLEPHANTS. ofCAMEL' BENS 4 WILD BEASTS. DEATH DE FEATS. ‘WONDER? OF THE. WORLD BROUGHT TO YOUR VOOR \DOORS OPEN |-7 PM.PERFORMANE STARTS 2:6:P ML ADMISSION AND RESERVED SEATS ON SALE DAY OF CIRCUS AT KIMBALL DRUG CO. NO EXTRA CHARGE Taylor & Clay (Incorporated ) Local Oils New York Stocks and Bonds Fone 203 and 204 CASPER, WYO. DENVER, COLO. Lester Brokerage House Specializing in NEW YORK OIL New Number, 114 S. Wolcott Phone 1142