Casper Daily Tribune Newspaper, February 1, 1921, Page 5

TUESDAY, FEB. 1, 1921 MARKET GOSSIP Che Casper Daily Cribune AND FIELD NEWS MAVERICK LINE 1S HELD CERTAN A new pipe line i: this coming season, i nect with the present pipe lin pany from the Pilot Butte field to R: south of Pilot. The new line will be a si: line from the Pilot Butte fleld, which is a fourinch line, will be torn up from the delivery point to the junc- tion of the Maverick Springs line and then relaid with six-inch pipe. ‘Well No. 6 of the Ohio Oil company on the Harrison and Cooper tract in the Rock Creek field is being rigged up to pump, as the well is not mak- ing flows’ large enough to warrant the hole being left as it is. The Dixon well was also pumped by. the same company for almost a year, until it was decided to drill it deeper in hopes of increasing the pro- duction, and probably every well in the Rock Creek ficld will be drilled deeper later on, but the danger of striking water in the lower sands makes this matter of drilling the wells deeper a rather hazardous one, as were a heavy water flow to be found in the under strata, it would mean the ruining of the well . On the same lease the Ohio has completed the No. 4 well to the muddy sand and have a very smal Well that will not make a worth-while producer, This hole will be sent on down to the lower sund before any at- tempt is madé to make it produce. Bolton Creek Quict. The Bolton Creek field is rather quiet at present, the wells there are shut down waiting for better seasons to work. Recent arguments as to the stratafles<ion of the fleld has been set At rect by th> well record of one of the holes drilled in the field and which shows just what lies between the sur- face and the Sundance sand where the shallow oil is found, It will be noted that there are sev- eral shells that would permit the set- ting of casing in order to insure the shutting off of the Dakota water, and this question need not bother the operators of that field as it does in other districts where the shale is solid wihout any shells to rest the casing on. Shale and boulders, 0 to 35. Blue shale, 35 to 85. Gray shale, 85 to 140. Brown shale, 140 to 225. Blue shale, 226 to 415. Grey shale, 415 to 515. Black shale, 515 to 570. Shell, 570 to 573. Grey shale, 573 to 615. . Pink or red, 615 to 625 Dakota sand, 625 to 680; water, 635. Grey shale 680 to 728, » Shell, 728 to 733. Grey shale, 733 to 760. Shell, 760 to 770. Grey shale, 770 to 1,000. Pink, 1,000°to' 1,050. White chalk rock, 1,050 to 1,103 is planned for the Maverick Sprin it is reported, and Beil cae this new line will con- Tilinois Pipe Line com- iverton, at some point ie of the ix-inch screw pipe and the old | ing found in their No. 2 well that it | is thought will make the main oil pro- duction of the field came in at 2,075 feet and the hole was stopped in sand At 2,081 feet, so no accurate knowledge of the thickness cf the Embar can be had from this record. However, it is known ‘that the well will make a good producer and that it is not showing any water, so the drill- | ins on through of the Mmbar will be left to some future time. Megowan Makes Progress. The Megowan Of1 company is down about 550 feet with its first well in the Maverick Springs field, Fre- jmont county, Wyoming. New Wells for Cumberian The Cumberland-Wyoming 0. gad Gas company, which has one well drilled to a depth of 1,000 feet in the Cumberland field, Lincoln county, Wyoming, is moving two rigs to the field for the drilling of three wells on sections 33-19-116, 5-18-116 and 16- 19-116. The first test is drilling on the Ziller ranch where the oil sand is sup- posed to lie at about 2,500 feet. Deep Test Comes in Gas. The test well undertaken by the Midwest Refining company for the Wyoming-Yellowstone company on it 0 basis in the Golden Eagle field, Hot Springs county, Wyoming, came 780 feet. The flow 000,000 feet a day. The Wyoming-Yellowstone company is enlarging its carbon black pant in this field to yield a iarger output. Wilgcat Strikes Oil, The Western States Oil & Land company struck oil at 1,200 feet in its test of the Brooks dome on Owl Creek, Hot Springs county, Wyomi with a showing ror good commercial production. The first drilling in this field was done two years ago. The strike holds great poszibilities for the Thermopolis region. Wildcat Projected, The Detroit Wyoming Oil cumpaiy is preparing to start a wildcat near Glendo, Wyo., and the rig is now be- ing moved in for a test. * The drilling ts to be under way by the first of April according to the lease agreements between the com- pany and tho ranchers who have the territory these. Glendo {& south of Orin Junction, about 15 miles and Hes on what is thought by geologists to be an ex: tension of the Lance Creek dome which crosses the Northwestera rail- road in the vicinity of Shawnee. mcs ie a Ls NOTICK. i Regular meeting of the Royal Sundafice sand, 1,103 to ‘The deep pay that the Iowa-Wyom. Furnished by Taylor & Cla: » Ground Floor Oil LOCAL OIL STOCKS Amalgamated Royalty 12 American 12. ‘ bent oe - 01 02) NEW YORK CURB CLOSING | Big Indian 37 40' vriawest Refe. — $137.50 $138.50 Bessemer __ 27. 20; .riawest oom: 1.00 1.50 | Blackstone Salt Creck 88 92 ytiawest pref. 1.09 3.00 | Boston-Wyoming ~. 92 .96/ Merritt __2 12.50 | Buck Creek 25 .28'Glenrock Ol 2.12 | Burke ___. +19 -.22'Salt Creek 28.00 | | Black Tail -. 02 03 Western Stat 60 Capitol Pete __. 01.03} Prod. Refrs. 5.12 Columbine -_.__-. - 42 44 Cosden . 6.50 ] Consolidated Royalty - 1.23 1.26) B%k Basin 8.00 Casper Ranger 02 /Allen .... : 1d Cow Gulch = -10| Okmulgee -. 37 Domino -. = .09| Cities Servi 266.00 Elkhorn ‘3 12/8. O. Indiana _.. 69.50) E.. T. Williams. i 1.06 NEW YORK STOCKS Frantz - 3.00’ Mexican Petroleum --$158.75 Gates — = 46/ Sinclair ON -. - 24.0 Great Western Petroleum 07) Texas Oil — 43.25 Hutton Luke 05! Pan American Ol 74.76 04) UL S. Steel -.. 82.62 , 82.00 -27| Union Pacific R..R.-- 119.75 119.00 aD FOREIGN EXCHANGE Lusk Royalty = (9 | sterling 33.30% Lusk Petrolew a 04 | Francs 0682 Mike Henry ~~~... , -10'Marks .. 0147 Mountain and Gulf_. = 82 Tire). 0365 Northwert -. ¥ 33 {can per cent Outwest _ af 02 Picaray “ 09/3145 Riverton Kefining S 09 list 4s Royalty and Producers__._ 26 ena 4s Sunset —_.. 5 O8/ist 4y8 ‘Tom Bell Royalty — as O7jend 4%s Weswrn Exploration -_-__ 2.15 3rd 4%4s - Wind Rive: Refining —___ 024th 4%s . Wyo. Kans, ->, 1... z 2.15 Victory 4%s WYOMING CRUDE OIL MARKET Grass Crer'e __-_. -$2.25) Rock Creek - Torchlight - 2.25] Salt-Greek Elk Basin ~ 2.25] Big Muddy - Greybull _. - 2.25] Pilot Butte — Lance Creek - Hamilton Dome - Lander -. Mule Creek Thursday afternoon, January 27, in drilling any wells office of F. B. Tough, government supervisor of oil and gas operations, 206 Customhouse, Denver, for a con- ference as to the best method of cas- ing, the wells of the Salt Creek field, ‘Wyoming, and such other topics as might be of interest. The oustanding feature of the meet ing was the attitude of entire frank- ness with which those present stated their views, based on wide personal to 1,200 feet, and tha’ venience it wa s neces: ® conductor casing at below the surface, of the, shallow dept off by this string, it hours for the ‘cement sire to develop the ofl fiplds of tite country in the mpst #ffici possible. Method for Casing Second Wall Creek Wells. The first discussion to come -before| -A-smalier string of the meeting was relative to the best|carried through the fi manner | mibstire “Bs possible. condition. Commonly Neighbors will be held Tuesday after- noon, February first at oO. 1-21 method of casing wglls being drilled sand “and approximat to produce from the Creek" sand. It was brought out that!it is cemented with Today’s Markets by Wire iy Exchange Bldg., Phones 203-204 SALT CREEK OPERATIONS DISCUSSED AT MEETING OF PRODUCERS IN FIELD 1921, thirty men, representing more!area of the field there was a chance of than 90 per cent of the producing in-'encountering production: in the shale terests of Wyoming, convened at the jcrevices at depths ranging from 200 son as well as for mechanical con- using about to twenty sacks of cement. amount of water, if any, to be shut mary to allow more than twenty-four experience, and their unanimous de-jcourse, for such a short time the cémerit #hyld be placed in as thick a to be screw pipe in good serviceable 10-inch, but not necessarily so. in the proven t for this rea- sary to cement about 80 feet ten In view small h and is not custo- to set. Of The ‘casing is this-.string is Pipe -is then rst Wal! Creek cement mixture to extend well above the first Wall Creek sand. The puan- tity of cement required for this opera- jtion varies with respect to the size of jcasing, the size of the hole in which [it 1a set, whether or not caving strata jhas been penetrated, etc. An exact {computation of the amount of cement to be used is often impossible and an estimate must suffice. This estimate jshould allow a good margin of safety in order to be sure the cement is forced well above the first Wall Creek sand. To facilitate these estimates the bureau of mines has prepared a table showing the number of linear feet filled by one sack of cement when set in the annular space outside vari- ous sizes of casing in“various sizes of holes. For cementing 8%-ineh casing 40 feet below the first Wall Creok sand, fifty sacks of cement are frequently used per job. Drilling of First Wall Creek Sand Wells. Due to the chances of encountering shale oil production it was generally conceded that a string of 80 feet of screw pipe in serviceable good condi- tion should be cemented, in the case of first sand wells as well as tliose drillod for the second sun. Consid- erable discussion ensued 2s to the best method for preventing loss of oil and gas into the shal e below the 80 fect casing point and above the first Wall Creek cap rock on which an- other string of pipe was to te seated. This discussion arose in view of the fact that in numerous cases the str: of casings set or suppose! to have Leen set on or near the cap rock of the first sand failed to prevent the Tussage of oll and gas into the over: lying shale and in some cases throagh it to the surface at points 200 or 300 feet distant from the nearest well. Since no new wells are now being drilled to produce from the first Wall Creek sand the question of properly seating the inner spring for the first sand wells was left open for further consideration and those interested were requested to communicate their views to the government supervisor of oil and gas operations. Computation of Royalties. The yovernment royalty to be col- lected is in’ most leases computed on a sliding scale varying with respect to the averuge daily production of the producing wells and the gravity of the crude produced. The exact method of computing these royalties was pur- posely left flexible in the regulations and tentative methods have been de- vised. These methods were discussed and met with no abjections on the part of those present. It was under- stood that. these methods were subject to revision if experience shuuld show them to be unfair-cither to the opera- tor or to the government _—— NOTICE TO SHEEP MEN. Register for 1921 shearing at Bish- op is now open at the Richards & Cunninghash store. Please register at your earliest convenience, so we will know amount of sacks to order. The Bishop Shearing Peni 1.2 -BOt You are cordially invited to hear the silver-tongued orator, Mr. T. M. Howell, Supervisor of the Loyal Order of Moose, representing Colorado, Wy- oming, Montana, Idaho, Utah ond New Mexico, to be held at NEW MOOSE HALL, A and Wolcott streets Sun- day, February 6, at 8 p.m. 2-1-4t ial SS Se Mrs, Fannie C.: Scott, who has been elected to succeed ‘her late 40 feet into at which point sufficient _ neat as probate judge of Greenville county, is the first woman to hold county of. husband | fice in South Carolina. BEARS ON TOP IN GRAIN MART Depressing Influence of Economic Situation Dominates Wheat Pit (By Associated Press) - CHICAGO, Feb. 1.—Unsettled eco- nomic conditions had a depressing in- fluence today on the wheat market. Downturns in foreign exchange counted also as a bearish factor. Even with May delivery at a new low price record for the season, no important buying developed except from shorts. Opening prices, which ranged from %c to 1%e lower with March $1.59 to $1.59% and May $1.46% to 147% were followed by a slight rally and then by a sag much lower than before. Corn declined with wheat and as a result of continued large receipts. After opening %c to “4c lower, cluding May at 64%6c to 64%c, prices underwent a moderate further set- back. Oats were depressed by the action of other cereals, starting Kc off to %c@% up, May 41%c to 41%c and later we ing all around. Provisions dropped with grain and hogs. Potatoes. CHICAGO, Feb, 1—Potatoes steady: Receipts, 44 cars; northern white sacked, $1@1.10 cwt.; bulk, $1@1.15 ewt. Provisions. CHICAGO, Feb. 1.—Butter_highe creamery extras, 46c; standard, 44%c: Eggs — Higher; receipts, 11,238 firsts, 53c; ordinary firsts, 49¢ ; at mark, cases included, 50c unchanged. GULF COAST OIL IS CUT HOUSTON, Texas, Feb, 1.—The Gulf Pipe Line company today posted a price of $1.50 on coastal crude oil, a cut of 50 cent: WwW. 8S. Dixon, man of the Brenning Basin field, was the well known oil in Casver yesterdar looking after some business connected with the Penn Petroleum company. Mr. Dix- on is one of the pioneers of the Bren- ning Basix field and is at present drilling a deep test there. This well will make a test of the Embar sands and the hole is now in the Red beds under the Dakota sands, The famous settlement divers on Sehiam Bay ia catied by the Jupanaie the City of the Nymphs, because the divers are all women. Men in this community are regarde:t as in ferior in cyery re&pect. Ths birth of » boy in thé community is considered ab lus, while great refocite liens the arrival 6f a baby :girl. At the early uge of 4 girls-are faxen to the sea and teught to swim and dive, n they are 14 they besin to w A earne of peur! ‘Tribune Livestock Mart CHICAGO, Feb. 1.—(U. 8. Bureau ot Markets—Cattle—Receipts, 14,000; beef steers and butcher stock dull, tendency weak to lower; bulk beef steers, $7.25@8.40; bulk butcher cows and heifers, $5@6; canners and cut- ; beef and bologna veal calves, opening steady; bulk and choice light vealers, $11@11.50; stockers and feeders steady. Hogs—Receipts, 54,000; lights, 20- tive, steady; others fairly active, steady to 10c lower than yesterday's average; top, $10.25; bulk 200 pounds down, $10@10.50; bulk 220 pounds up, $9.20@9.55; pigs, steady to strong bulk desirable 90 to 120-pound pigs, $10@10.15. Sheep—Receipts, 12,000; generally steady on all killing classes, early} lamb top, $9.85; some held’ higher, bulk fat lambs, $8.50@9.75; choice handyweight, $8; bulk fat ewes, $4@ 4.50. E. R. Lloyd Joins Ohio Oil Company | E. R. Lioyd, geologist for the Sin- clair interests here, has sesigned from that firm and will shortly leave for Kansas, where he js to be employed | y the Ohio Oil company in looking | over territory in that region. | The announcement that the Ohio! Oil company is preparing to enter the Mid-Continent oil fields comes rather as a surprise to the ofl men here and the move 4s looked upon as a possible | forerunner of extensive branching out} of the big Standard company. At} present the Ohlo Oil company has} many tracts that are producing oil] all over the states of Ohio, Indiana} and Lllinuis besides its large holdings | in the Northwest and its entrance| into the fields of the Mid-Continent | oil region shows that the firm will| likely make similar moves in other| directions also, Uncertain Money Selling and Lower Prices (By Associated Press) NEW YORK, Feb. J.—Dealings be- came more irregular in the first hour, the uncertain money situation caus- ing further restraint. prfse of most traders, initial rate of 7 To the sur- however, per cent instead of an yesterday’s maximum of 8 per, cent Was posted. This had little beneficial effect, selling of popular issues mak- ing further progress in the absence of more than moderate support. Gen- eral Asphalt and Mexican Petroleum led the more prominent stocks and steels als! ment of eased. ices in the Further readjust commodity markets was indicated by a decline in | refined sugars to seven ‘cents. Ex- jchange continued to weaken, the re- jaction extending to French, Bélgian and German remittances. Silver, YORK, 99%4c; foreign, 57% dollars, 44%c. NEW domesti: Mexic n Feb. 1.—Bar silver, Cc. CHARLES J. Petroleum Geologist Reports and Surveys WINNETT, MONT. Taylor & Clay (Incorporated) CASPER, WYO. Ground Floor, Oil Exchange Bldg., Casper, Wyo. Phones 203 and 204 New York Exchange Stocks Chicago Grain Markets Local Oils Bought and Sold WOMEN WATCH THE LEADER STONE records. tionally Real Estate values have held stead way—UPWARDS. This is the last month of winter. Five-room strictly modern bungalow, all the latest built- in features, oak floors, white enamel bathroom and kitchen, full basement, furnace heat, sidewalks and curbs; built on large east front lot located on South Jackson street, one- half block off paved strcets. Only $6,800. Loan of $2,500 which can be assumed, balance cash. THIS IS A HOME YOU WILL BE PROUD TO CALL YOUR OWN. Large double corner on South Durbin and Fourteenth streets, has four-room house with bath, full basement, garage and another two-room house. 8 good money. This property is indeed very close in, excep- well located. Price, $8,000. assumed. Ask to see this. Two-room house located on large corner lot on South McKinley street, near school. Will give terms if desired. Price, $1,800. This is We have many good lots, well located in all which we shall be glad to show at any time. 4 Poston totes Ma oo ceoced Oe testes 49 «8 thoage efo-afeege-efe-es Rea a te i So eSo-ofo-afe-efe- efoto Both houses rent for 2 Se a et a SEE BEN “A LOOK MEANS A LOT” OUR ASSETS---SATISFIED CUSTOMERS The future of Casper has never looked more promising than it does at the present time. , ly during a time when all other securities have fluctuated. From now on Real Estate values can go only one RD NOW IS THE TIME TO BUY---SEE BEN OUR LISTINGS HAVE INCREASED DAILY AND DECREASE ALMOST AS FAST A FEW REAL ESTATE SUGGESTIONS FROM OUR FILES Loan which can be a start for a home. interesting question. $4,500; small loan which can be assumed. This eight-room home, which is located on large east front corner lot, could not be built today for the money we are offering it at. Every room large and spacious, nine-foot ceilings, colonade, bathroom and laundry room; double garage, walks, curbs, artistic retaining wall and steps, one block off paved streets, on South Walnut street. $7,000; some terms. Price, A HOME OR AN INVESTMENT Three large rooms and bath, full basement, RANGE connected, city water and sewer. on a 60x140 foot lot, very close in, between Second avenue and Midwest avenue, on Spruce street. is going to do with their property across the street is an We are offering this property for This property is located What the Midwest Two-room cottage, lathed and plastered, walls tinted, electric lights and fixtures, city water, walks, and property is fenced. Locatedjon east front corner lot on North Wash- ington and “C” streets. Price, $1,800; very liberal terms. Four-room, neat little home, ALL FURNISHED, built on nice level lot, having city water, lights, telephone, coal shed and other outbuildings; yard all neatly fenced; trees, A real little home for real home people. lawn, walks, Price, $2,800. tion. monthly. We read: “So acute is the housing shortage in America that the National Council of ed.measures of relief.” Buy a Lot---Build a Home---Help Relieve the Housing Shortage in Casper DON’T BE AFRAID TO WORK US OVER TIME. ONE THING WE LOVE IS WORK. SEE BEN REALTY COMPANY Real Estate and Insurance Lock Sac e ; Phone 74W So eeeSe aio aie dep eh si op aie aoe aie aio aie eho diode Shea aie tio do ai ao 6 Members Casper Real Estate Board Soto tate ste te te en hn eter hn Bais Oe aden ate sr aie eho ahe eho aie Se tho dhe tho tio aio soo aio sao ais ao eho eto seek aM % iM Me ste te nM a eoeteee ete ateese ele eteaseatestees WILL PAY FOR ITSELF Six rooms and bath, so arranged as to make two apart- ments of three rooms each. Well built and in best condi- Lawn trees, walks and curb; garage. North Jefferson street. Price, $4,500; $2,000 cash, Located on Already the usual Spring Real Estate movement is commencing, and from all indications will surpass all past balance ’ | the Chamber of Commerce of the United States has discuss- parts of the city, and at reasonable prices, many of which can be bought on liberal terms, and WYOMING Potro toate ste Mo- tote Mo Mo Mo stn ste she sen chen ste oA Sooo fo ete a Presenter esotte-eteetete-ete-efe ete eoatesteateats. enter tetedteceeteete So ¢ ? 0 ao ao aho- iM + iM ? RY o-ehe-efe-ss ‘? Me > RS oe % ? %, 1M ‘ae 2 Sots Sretodostodgoe KR + tog 1M oe ? % s% aXe fo ete i e soafoet