Casper Daily Tribune Newspaper, December 23, 1920, Page 4

ed PAD MONTH IN UECEMBER 16 FXPEBTED IW SALT GREEK FIELD December is to be a record month in the matter of oil production in the Salt Creek field, To date the wells in that field have more than half a million barrels since the first of December and it now appears as though the wells will make close to three-quarters of a million barrels before the new year. Production figures for the state are still”being compiled and until the end of December no accurate fig-{ cates in the ratio of ten shares of new ures can be arrived at, but it now looks| stock for one share of the old issue -oduced Amalgamat pr American Today’s 1 Taylor & Cla Bs Ground Flor Oil Exchange Bldg. Phoses 203-204 Markets by Wire . ‘Parnished by ie naar & 5 = 22 Az 24 Bid Ask | Western Oil Fields. _.._ gs Resu Loyal and Energetic Organization ~ Will. Brin; , Says as though Wyoming will have about 18,000,000 or 19,000,000 barrels of oil to credit for the year of 1920. This will, of course, surpass anything in the way of oil production in the past and yet the start of the new year pres- ages even greater returns for the year to come. Maderate Results Noted. Moderate results followed the opera-| tions in all the fields the past week so far as the size of the completions was In north Texas a few new of the gusher size, and Okl ffered several of about 1,000 bar- n. The production report in North Central Texas and North Louis. iana showed slight declines, but in the former this was filed before the large and xXvells were included, Extensions y pools were reported from Te: Oklahoma, North Louisiana and Ws ming. The best lis found in north central in the ity lotalitv around of these started at being the Gulf Production’, cated two miles from the town of cessity, and in a section which has been considertd of doubtful value. ‘Ln the’ Breckenridge district two other * completions were credited with 2,000 barrels dition of dq rels during the pre- Notwithstanding the 00 ba vious we made by 50 new wells in Stephens county,” the output of that distri dropped off 4,965 barrels, or practically considering the addition of new production, & loss of 20,000 bar- rels. This is not extfaordinary because the initial size of the new producers would indicate that a large decline could he.-txpected. The best feature of the report from North Louisiana was the discovery of @ producer in the Woodbine sand, Pir Island district, at a depth of 2,875 f. The well is flowing 1,000 bar importance of this event another producing sand to t a do. The depths of the sands which} } have been the producing horizons for! other operations, have been the sas sand at feet; the heavy oil at 1,059 feet in Hosston and 2,350 feet at Pine! Island, and the light oll sand at 2,200 The other completions’ in the. di- yn were light. A Second 1 well was Yeported from Ark ing found by the Home Oil It is located half a mile north of the Constantine gas producer, the discov- ery well of Union county, and the gas was found at 2,190 feet. Standard to Take In The ndard Of company of Iad-} jana has sent out orders for the takin in of all-the old certificates of stoci< turned in. The new issue has a par of $25 while the old stock has a par of $100 and the issuance of ten for one therefore in- cludes a nice dividend to the ‘Stand- ard stockholders. New Gas Plant Ready. The new gasoline plant in the Rock River field being built by the Ohfo Oit company is about ready for operation. This plant will start work about the middie of January and is a compressor station. Later on the Ohio may place an absorption system in operation also as an adjunct to the present plant. The gasoline will be sent to Rock River and thence to the refineries by tank cars for blending with the gaso- line from the petroleum oils in order 10 make a rharketable product. As it comes from the compressor station the gaso- line from the natural gas is too tively to use direct in an auto engine- ‘The Ohio’s well on section 44 on the Dixon tract is nearly ready to flow. This is the well that the Lance Creck Royalties are after through Dixon, the owner of the land on the claim that it was not finised withm the specified time allowance. The welk has been producing however for over a year. Annual Meeting of Williams. Announcement has been made of th+ annual meeting of the E. T. Williams Oil company which will be held January 10 in the Casper offices of the com- pany in the Continenta} building. The meeting has been called for the pur- pose of electing five directors and the transaction of such. business as ma) Properly come before the meeting. Wyoming Securities Decreases. The Wyoniing Securities company of Sheridan has filed certificates for the decrease. of its capital stock from $2,- 000,000 to $1,080,000 and the decrease of shares from $100 to, $54 per share. Gates Passes Dividend. Directors of the Gates Oil company decided on Wednesday to pass the divi: dend payment for the quarter ending January 31 in order to conserve the eash income of the ‘company so that there shall be no interference for finan. cial reasons in the development cam- paign of the properties which i& un« der way. During the present year the company has paid dividends at the rat» of 2% cents a quarter with a 5-cent ex tra in: April and a 10 per cent stock dividend in May last, Lease on Section Two. Secretary of the Interior Payne on Wednesday granted a lease upon the northwest quarter of section 2-39-79, in the Salt Creek field, the beneficiaries being the Midwest Oil company, which For Have good stock heating stoves, 132 W. Midwest Specia 114 South Wolcott Street Ground Floor, Oil Exch NTT TTT TT TTT TITTY GAS STOVES tank heaters, also four-way and ‘ three-way burners for any range. . Before You Buy —SEE— W.M. PALMER Lester Brokerage House NEW YORK OIL Tein nnn Taylor & Clay : Incorporated CASPER, WYO. Sale of gas ranges, gas gas burners and Phone 772W lizing in Phone 1142 j= ange Bldg., Casper, Wyo. Phones 203 and 204 Local Oils Bought, Sold and Quoted NEW YORK STOCKS AND CHICAGO GRAIN MARKETS Direct Over Hutton & Co. Private Wires mani MATH TTT ted Royalty ~_-.- 09 lL NEW YORK CURB-CLOSING — ; SCRA aay seein Kase Firestone ALAS -——--onemnn 01 82! Midwest Refining ----- 138.00 140.00 . a 32) sriawost Com. -------- 1.00 1.50| . There have never bYen greater. op: 35 - 40) riawest Pref, 1.00 3.00} portunities than the present for the 43 -18 | Merritt ____ 10.50 10.75 | business house with a Joyal and ener- 19 21) Grenrock Oil ‘2.00 2.12| etic organiaution. This was the state- 15 18 Salt Creek 23.00 25.00; ment of Mr. H. 8. Firestone, president 01 .02| Svestern State: ‘a7 "g9|0£ the “Firestone Tire’ & Rubber com- ‘Ol .08) Canter iar. pany, in addressing the annual stock- : ‘a9| Erod- & Refrs. ey0 holders’ meeting of the company here Elihorn ~ ‘ ®. T. Williams .! . “ Mexican Petroleum 08} Sinclair Oil Hutton Lake . 03 05) Texas Oil _ Jupiter 03 +04 Pan. American Pete Kinney — 22 -26| UW S,-Steel. _b--_-. it the Lance ‘Creek Royalty ----.- 04.05) Union Pacific R, R. Lusk Royalty --. OT 09) \ Lusk Petroleum 03-104] os ebb siti Mag: sition Mike Henry -.-. 10%. Sot eee Mountain & Gulf 68's 70 | erence Northwest — 28-83]. Marke —. Outwest .. 01 02 Picardy ~..-. 08 | .10 Riverton Refining 07 09 Mr. Royalty & Producers Sle Rae > Sunset -.---.---.. 05 07 Tom Bell Royalty SE} | .04} Second 48 Western Oil Fields 22.24) First 44s Western Pxploration 2.25 2.35, Second 4%s ation Wind River Refinin, 02 04; Third 4%s Wyo.-Kans . - 190 2.00! Fourth 4%s — Wyo.-Tex. 02 05 Victory 4% .. WYOMING CRUDE OIL MARKET Grass Creek -—.-----0--n--enean. $3.10 | Rock Creek os Torchught ~-.2.0---—-—saer-ews~e- $.10| Salt Creek 2... 1. Blk Basin ~~~. --wen--n0~---- 3.10 | Big Muddy Pilot Butte -.. to Mule Creek --------—. ducers association; the Wyoming Asso-| lines, but for the length of the span viated Of company, which is controlied | which is 385 feet, with a rise of 120 by the Mountain Producers corporation, | feet. and the Salt Creek Consolidated Ofi campany, the latter’s interest being equivalent to forty-seven acres, There is a considerable sum of impounded money involved in this lease which wiii now become available to the compan- ies concentied. a pee Wedding gifts for dowerless brides jare presented by the authorities. of sev- jeral towns in England, Casper Advance Oil Dissolves. The Caspey Advance Oil company has filed notice of the dissolution of the company, the notice having -been filed with the Wyoming secretary of ‘state. pore Thad Rabin aie and a MICHELIN A new concreté bridge crossing the Willamette River in Washington is not- able not only for its light and graceful “Bob” Sells Them today. The its. twentieth anniversary by announo- ing @ sales volume for the paast year of $114,980,969.26, an increase of 26 per« cent over last year’s business, Pp In the face of what is described as the most difficult and unusual year in its history the Firestone company was able to show after allowance for depreciation and bad accounts, earn: ings of $9,396,912.28. 91 for 4Zepreciation on its mventories thus placing it in a very favorable po- necessary. More than 2,000 stockholders attend- ed the meeting, most of them eniployes Who have had a share in the business for the past four years through a lib- eral employes’ stockholding plan. eneé in’ tie ‘future and sounded a firm note of optimism by calling attention to the fundamental soundness of “the rubber industry-through -its close affili- §| how its scope would widen’ with the consummation of the DPSS OOOO 9969959999 9998H0O0 MULTIGRAPH Multigraph MILLER TIRE Will Carry You Farther Firestone organization celebrated Out of this prot- comrany has set aside $8,151,7. for any business readjustments Firestone expressed his confid- to highWay transportation, and immense go BULLETINS Factory, Field, Trade orPros- pect carry today’s news if PRINTED on the ice Co. 220.S. Wolcott St. Opposite Post Office Phone TUBE 238 E. 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See us thix week and we'tt gladly aid you in scleeting your Grafonola and will tell you how quickly and ¢asily it may ‘be yours to enjoy, to od catalog showing prices, styles and finishes of a end wa nomical service, Phone 872 apecse | Gas Owing to many recent requests id have installed A Complete Gas Fitting Department This Department is fully equipped and a competent ‘organization will be maintained continually, and every effort made to render a satisfactory and eco- ‘ Tele,»hone all orders and inquiries for house piping, furnace and gas applianee installations to New York Oil Company, 114 South Wolcatt—Phone 150] GAS DEPARTMENT. a6 nd dt oe a es he <i x a 2. ~