Casper Daily Tribune Newspaper, April 6, 1921, Page 5

TUESDAY, APRIL 5, 1921 WESTERN STATES -PLANG FOR YEAR ARE REVIEWED Thirty-Five Producing Oil Wells and Five Gassers ‘Already Located on Properties; No Wildcats To Be Drilled This Year, Is Announcement With valuable producing properties in several of the more important oil fields of Wyoming, Oklahoma and Montana fields, Land company, having adopted a ‘‘no-wildcattin; 1921, holds bright prospects assured development campaign that should greatly improve the concern during the coming year. These lands, according to a sum- mary ,support 35 producing vil wells and five gassers, these, the Western States concern has five wells drilling in proven territory, including two in the Salt Creek field, two m Soap Creek (Montana) and one in Deer Creek. Properties'of the company, as shown in ® recezit report issued by H. C Bretschneider, president, include: Lands in the Lance Creek field, where htree gas wellx and one oil well! have been Geveloped. There is no mar-| ket for the gas at the present time.| The ofl well is producing in excess of} 10 bavrols & day. The Salt Creek field noids the ae interests of th apany in Wyorzing, where some lands ore held ony working agreements that should be beneficial to Western States. The W% of the NW% of Section 5-89-78, comprising 80 acres, is to be developed on # 90-10 work nigagree- ment., There is one producing well making about 300 barrels per day and two more wells drilling. A 40-acre tract in the NE\% of Sec- tion 5 and 80 acres in the NE% of Section 8 are being operated on a 50-50 working agreement with the Eureka Wyoming ePtroleum company. One of the two wells on this property was drilled in Saturday and the other will be completed this week. No tests of the wells have been made yet. A tract of 40 acres in the SE% of Section 5-39-78 is being held on a’ 50-50 working agreement with the Rainbow Petroleum company. Preparations for development of this property are now underway. ‘The company also holds a 5 per cent working interest in the NW% of Sec- tion 6 and a 26 per cent working in- terest in the NE% of Section 6-39-78. There are two producing wells on these tracts with preparations for further development now in progress. ‘Western States also has a working interest in 67 acres in the Mule Creek field of Niobrara county. All the land held is in proven territory and sup- ports 16 producing wells capable of producing over 600 barrels a day, The company pays a one-eighth royalty. Fourte@n wells, capable of produc- ing 600 barrels of ofl a day, is held on a 50-50 working agreement with the Petroleum Producers corporation on a tract-of-land- embracing 1,040 acres in the Hamilton Dome field, which is located near. Thermopolis. Approxi- mately 600 acres of the tract have been proyen oil bearing., ‘The royalty on this is 37% per cent. Western States has leases on 2,000 acres at.Deer Crek, Okla., patented land, carrying one-eighth royalty, on which there are two gas producers and one dry hole. Another well now drilling has reached a depth of ap- proxi 1,900 feet. The gas production is being marketed with the Oklahoma Natural Gas company. ‘ One of the largest tracts of land held by the company ‘is in Boley (Ok- tuskee county), Okla., where leases on a substantial block of acreage in Sec- tons 11, 12, 13 and 14, in Township 12, Range 8 east, are held. ‘This land is located on a well defined structure which was recommended by Bauer & Clark, geologists of Okmulgee, Okla, as well as by the company's geologist. There is a well on the NE% of Sec- tion 14 which has reached a depth of “pproximately 1,500 feet and is capa- ble of going to 9, depth of 3,000 feet if necessary. The land is held on a one-eighth ropalty basis. The Western States company has secured leases on 3,000 acres on the he Casper Daily Cribune HOLDINGS AND Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phones 203-204 LOCAL OIL STOCKS Wyo-Kans. + 2.80 Amalgamated Royalty $ 11) Wyo-Tex. + 02.05 ‘American -01| Western Oil Fields ....... 26.28 Atlas... O21 YO mefseas -ch75 + as a4 Big posit ; 3° -43\ NEW YORK CURB CLOSING Leosopenic it Gait Cron 22. “se 3g | Midwest Refs. « ......$189,00 $141.00 lente Cree Midwest Com. 212 2.50 n Buck Creek . ..+: (2228 | kiawest Pret: $4655. 3.00 and with other holdings in 5 11.50 12.00 the Western States Oil and eens 1161.87 * policy for paneee eee and is entrenched behind an “4en 45 Capitol Fete TTT fon Bao abe structure, a new fleld which vas dis.| Consolidated Royalty . . 8.50. 8.62 covered February 8, 1921. The local] Columbine ........ 26 187 concern has secured’ leases on 3 000) CA8Per OF mannnnanene OL et 442 acres on this structure from the Crowe Cities Service Com. .. 230.00 232.00 Indians and other interests which! oH S.O. Indiana. ....... 69.37 69.62 cover practically the entire ome. 4 NEW YORK STOCKS The discovery well was drilled to a 1! Mexican Peetroleum .$136.62 $129.25 depth of 1,648 fect and is now flowing Sinclair... : 22.87 23.50 400 barrels of black oil a day. West- 2.75 Texas Ol. . 40.12 40.87 ern States is erecting tankage to take 41) pan American’ Pete.. 68.00 68.75 care of the oll and the Midwest Re- OTIU. 8. Btecl »......:.. 80.50 || 80.25 ae Sennen? alee scooting ares ‘Qu| Union Pacific R. BR... 116.50 | 116.00 orage tanks for the storage of o : until a pipeline ean be completed. Two} 2% 4 reese and 90% more wells will be commenced imme- sets Bien gy: : diately, The royalty on these lands is U7) France) ; one-eighth and ‘the company has a. ak 2h as Never a Ege 874 per cent working inte: e Henry . ... oe ae mee See OR en nf mowniata a Gti 1/35 | Call Money Wildcat test wells of the company 28|) = LIBERTY BONDS at Allan Lake, James Lake, “uadle 0144 | Bike, hid sedd Springs and Greybull have been aban- 209 2-87-80 doned by the company as failures, no 07 + 87.00 oil orgas having been found. 20/4st 445... + 87.62 These properties are held against 05/2nd 4\%s . - 87.10 an outstanding stock issue of 6,952, 0T|8rd 4%s .. . 90.26 000 shares. ‘The Western States com-| Western Exploration o> 2.20 © 2.35' 4th 4us.. . 87.24 pany is incorporated for $10,000,000,| Wind River Refining .--- 01.02 Victory 4%s » 97.54 which leaves 4,048,000 shares unissued, WXOMING CRUDE O1L MARKE: SOMETHING YOU HAVE BEEN | S788" Creek —-. $1.15) Rock Creek. ~.---—- WAITING FOR 25} Salt Creek —-----------. The “Remington Portable Type- 276) Big Muddy —-———ane- mnnenemen = writer, with standard keyboard, on eel eeeee os lisplay at the Casper Stationery coi ) xs =e oad *Y ot | Lander ——-----——- 166] Mule Cree! \MRKET GOSSIP AND FIELD NEWS GAT GREEK PRODUGTION REDUCED \ .The Cat Creek field has dropped from about 36,000 bar- rels production the middle of February to a present produc- tion around 22,000 barrels per week. Because of the con- gestion of oil storage at the refineries working on the crude from this field, the producers in the Cat Creek area are cutting down the production as much as possible. A recent test completed upon one of the main wells of the field regard- ing the result of this pinching in of tha production showed that the well jwas opened WB fo two Gaga efeaay|: and therefore the shutting of the wells is not expected to have any bad effect upon the future production so far. The matter of congestion of pe- troleum in this part of the country while other parts of the nation are suffering from a lack of the same products is being laid to the railroads through the advanced freight rates and this fact is a large factor in the matter of petroleum shipments from the Cat Creek field, according to re- ports from there. Were the freight rates lower on petroleum and its products and especially on shipments in trains of -tank cars to the. north and west, it would be easy to send all this surplus production to the Impe- rial oil refinery at Regina, Sask., or even to the Pacific coast and thence by tank steamer to the refining cen- ters in California. A producer just down in Casper on a short trip from the Cat Creek field states that the oil men are feeling rather good oyer the showing made by the test well that was opéned re- cently to see if its production was in- jured in any way and he stated further that if a market were pro- vided, the Cat Creek oil field would mark during the coming months, With the wells that are now drilling there im the sand, the field will do better than that figure. Trapshooter Making Progress. ‘The Trapshooter’s well drilling southeast of Casper is getting along well and the drillers hope to have the second of shale pay streaks this*weck. The bad weather has shut down the well for a day or two but as soon as the storm passes over the work will be resumed. This operation expects to develop a shallow oil production in this vicin- ity, the wells will not be large, in fact if they settle down to about a barrel each the operators will be sat- isfied for the crude will be a high grade oil that will find a ready sale at the local refineries and return a profit to the operators as the wells are so shallow as to permit of small expense in the drilling. Mule Creek Line Opened Up Crude oil is again being loaded out of Dakoming on the Wyoming-North Dakota line with the opening up of the pipeline to the Mule Creek field. Map Company in New Quarters. The Wyoming Map and Blue Print company has moved into its new quar- ters in the Daly building on Center street and now has double the office space that the firm formerly occu- pied. With the additional equipment joap Creek (Big Horn county), Mont.,teasily hit the 40,000-barrel per week Spring is here, and with its advent comes new joy in life. “Hope springs eternal in the human breast” — and never before did man have so much need for HOPE. The gloomy days of depression have weighed us down through the Winter months, but now comes Spring with its cherry, bright, warm ‘sunshine. Let us take heart! Let us follow in Nature’s footsteps and radiate warmth and sunshine wherever we go. OPTIMISM—that’s it! Let's forget that business ever had a recession and let's go at it twice as hard— but with R.T.Kemp Company — 212-213 Midwest Refining Co. Building “Insurance—T hat’s All’ a great big, cherry smile! COME IN AND SEE US \ At OUR NEW LOCATION \ 9eoeorersore oecoe: Beeccenccncoscnoccoccnsecccoecescceces. and employment of the best. engines: this firm is able to engage in any branch of the engineering profession. However, its main objects will be the making of maps and geological en- gineering. i Newcastle Test Projected Materials are on the ground and o drilling crew has been engaged by the Dixie Carroll interests for the first test well to be drilled on the Strawberry dome, 25 miles north and @ little east of Newcastle, Wyo. Sec- tion 2-48-62 has been selected as. the site of the first well. The location is some distance east of the Osage field. Edgement Operations Casing is being set at about 500 feet in the Rice well on the George Miller ranch south of Edgement, 8. D. Hight-inch casing has been car- ried to this depth. ‘The Smith well near Edgerhent on the Colgin lease is reported to have been shut down dn top of the sand. French & Rossiter, who drilled in the. pioneer well in the Edgemont re- ‘gion, are cleaning out the well pre- paratory to casing off water, pee. oma bes sidatiig Subscribe for Th ‘Tribune —— GRAIN PRICES ARE STRONGER 3.00 | Recaveries Follow Initial Set- backs’ Resulting from Rains in Wheat Belt . (By Associated Press.) CHICAGO, April 6.—Sentiment be- came a little more bullish today in the wheat market after initial declines ‘due to rains in Kansas and Nebraska. Opening prices, which ranged from Me decline to a like advance with May $1.38 to $1.98%, and July $1.14% to $1.15% were followed by moderate setbacks all around and then by a rise to well above yesterday's finish. Subsequently an opinion became. prevalent that rainfalis had been so heavy as to remove for a long time any likelihood of a dry weather scare. As a result July fell to the lowest price yet this season. The close was heavy, Ue to 4% net lower with May $1.36% to $1.36%, and July $4.10% to $1.11. Corn hardened with wheat. After opening unchanged to %c higher, in- cluding May at 60 to 6014, the market sagged a bit, and then scored general gains. Later despite scantiness of arrivals, corn sagged again when wheat turned downgrade, The close was weak at the same as yesterday's finish to 1% cent lower. Oats were governed by the action of other grain, starting %c off to %c up, July 38% to 39c, then Feceded somewhat and later had an upward slant, Higher quotations on hogs gave firmness to provisions. CHICAGO, April 5,—Close: Wheat—May $1.36%; July $1.10%. Corn—May 59% c; July 63%c. Oats—May 37 1-80; July 38%c. Pork—May $17.7 CHICAGO, April Butter, high- er: creamery extras, 49c; standards, 46 %6c. ‘ Eggs—Unchanged; receipts 42,935 cases, Poultry—Allve, higher; fowls, 31c; springs, 32c, Potatoes CHICAGO, April 5.—Potatoes—Mar- ket lower; receipts, 63 cars; new Flor- ida Spaulding Rose No. 1, $11@12 bar- rel; No. 2, $10 barrel; Northern white, sacked, bulk, $1@1.10 ————— Dividend Passed. ‘ NEW YORK, April 5.—The Kelly; Springfield Tire company today passed its regular quarterly cash dividend to $1 a share on common stock, but de- clared the ustial stock dividend of 3 per cent. COMING The Great Sex Picture VALUES CLIMB. INSTOCK MART Qils, Motors and Rubbers Ad- vance Steadily During Morning Session j | Livestock Mart | CHICAGO, April 5—{U. S. Bureau of Markets}—Cattle, receipts, 9,000; beef steers opened slow, steady to 25c lower; early top, $9.75; bulk, $8.25@ 9.50; butcher she stock opened steady; undertone weak; bulk fat cows and heifers, $5.75@7.50; bulk bologna, al- most unsaleable, others steady; bulk beef bulls, $5.25@6.25; calves steady; bulk vealers, $7.50@8.00; stockers and feeders steady. Hogs—Receipts, 17,000; slow, lights NEW YORK, April 5—The stock! market registered numerous gross| 10c to 15c higher, others uneven,|sains of 2 to nearly 4 points today,| steady to 10c higher; mostly steady |!ower money rates being a pov ‘erful with yesterday’s average, top, $10.25;|factor. Sales approximated 600,000 bulk 200 pounds down, $10@10.25;bulk | shares. 5 | 220 pounds up, $3.80@9.60;pigsscarce,| Call money's decline to 514 per cent strong to 25c higher, bulk desirablo,| occasioned further short covering $10@10.25. among leaders, but a few stocks, es. Sheep—Receipts, 16,000; lambs|peclally Sumatra Tobacco and’ At- steady to 26c higher; sheep, steady; | antic Gulf, were heavy. The closing wooled lambs top, $9.75; bulk, $8. was casy, | 9.50; shorn top $9; bulk, $8@8.7 good 106-pound shorn yearlings, $6.40 choice 172-pound wether X scarce, woled tap, $6.51 pound shorn ewes, $ NEW YORK, April 5.—Aside from rails, in which dealings were nominal, and Atlantic Gulf, where pressure was evident, ket forged steadily ahead during the} active forenoon, Money was the pro peliing factor, call loans opening at 6/ ber cent. This is the iowest initial| rate for such accommodations in more than. two months, lls, motors and| rubbers gained 1 to 3 points, steels, equipments and coppers 1 2, and DENVER, April 5,—Cattle Re- ceipts, 700; market slow; beet es, $6.75@8.60; cows and heifers, $5.50@ 8.50; calves, $10@1i2; stockers and feeders, $5.50@5.75. Hogs-—Receipts, to 15e lower; top, 1 $8.40 3.000; market $9.30; bulk, @s. specialties of diverse types, notably Sheep — Receipts, 1,800; market| American Woolen, Central’ Leather,| steady to strong; lambs, $7.75@9;|faternational Paper, Beet Sugar and| @ Duke’s Daughter rs Roebuck, 1 to almost 3 points. | hange on London recovered part| of yesterday's reversal}, S Metals. | NEW YORK, April 5.—Copper— As Screen Star Quiet: electrolytic. ‘spot and nearby, | 12% 13°. LONDON (By Mail to United Pri —"England will never take her p! as the foremost film producing coun try until she has 2,000 more first-class cinema houses, but England has ce tainly an immense future in the film world.” Thus spoke J, Stuart Blackton, the pioneer of the photoplay, who has just arrived here from America. Blackton’s aim is to develop on a large scale England's “featuring” pos- sibilities. For his first play to be pro- duced in England, he has signed the famous beauty, Lady Diana Cooper, daughter of the Duke of Rutland, as heroine. “Several other society people, Lac Diana's friends, will also take part, Blackton explained, “I am quite sure that wonderful things can be done in the ‘movie’ lino with the old, historical backgrounds with which this count: is studded.” CHARLES J. STONE Petroleum Geologist Reports and Surveys WENNETT, MON'T. CASPER AUTO TOP SHOP Rear 633 S. Center St. Phone 749-J NEW TOPS, SEAT COVERS, CUSHIONS FOR ALL MAKES OF AUTOS at Moderate Prices Also Reupholstering and Recovering of Enclosed Cars EXPERIENCED WORKMANSHIP GUARANTEED nes This Swinging Wringer, Eden Electric Washer will be given away absolutely FREE. Do not overlook this opportunity to secure this wonderful time and labor-saver without cost to you. For detailed information call at il our show-room or Phone 69. Natrona Power Co. Phone 69 Ce ee IAAT en RC STRRC BEY tet , | ail OUT uMUY UL WE ARE SOLD OUT OF Martha Washington Candies WILL HAVE A FRESH SHIPMENT Saturday [o] Wyoming Cigar Stores Co. Lobby Midwest Refining Co. Bldg. TRY A “GUERRA DIAZ” CIGAR FMI mn mn PAGE FIVE Iron—Nominaily unchanged. ; spot and nearby, $28.50 $28.76 @29.25. Antimony—Spot, $5.12@5.25. Lead—Steady; spot, $4.25. Zinc—Quiet; East St.) Louis spot, $4.65 @4.70. Silver. NEW YORK, April 6.—Bar silver, domestic, 99%¢; foreign, 56%c. Mexican dollars, 43%c. Money and Exchange. NEW YORK, April 5,—Prime mer- cantile paper, 74@7% per cent. Exchange, firm; sterling, demand $3.91%: cables, $3.92%4. Francs, demand 7,03; cables 7.05. Belgian francs, demand 7.34, cables 7.36. Guilders, demand 34.45, cables 34.65. Lire, demune 4.17; cables 4.19, Marks, demana 1.62; cables 1.63, Greece, demand 7.30. Argentine, demand 33,50. Brazilian, demand 14.50. Montreal, 10% per cent discount. Time loans, steady; 60 days, 90 days and six months, 6%@7 per cent, Call money, easier; high, 6; low, 4; ruling rate, 6; closing bid, 5%; offered at 6; last loan, 5%. Japanese Engineer Here, Kiyosumi Koike, petroleum engi- neer in the producing department of the Hoden Oil company of Tokio, Japan, is a visitor to the northwest and the fields of Wyoming. He is in- specting the country in the interests of the ofl companies back in Japan and may later on bring Japanese money here to invest in the business and development of the fields, pach soit PASADENA, Cal., April 5.—Ed-, mund Cogswell Converse, financier of New York City and Greenwich, Conn., died suddenly at a hotel here today. His fami with him. A nc nT - | : is 2 City of Casper, includin, Ranchers and Manufact TTT COU the 15th day of April, 1 _ to City Clerk, City Hall. Dai In compliance with City Ordinance No. 173-A, all wholesalers and retailers of milk in the g Hotel Dining Rooms, Restaurants, Cafes, Grocers, Confectioners, Dairy uring Plants, are hereby notified to pay their inspection license on or before 921, or be subject to the provisions of the ordinance. Payments to be made CYRIL R. BODENBACH, ry and Food Inspector.