Casper Daily Tribune Newspaper, June 19, 1921, Page 8

ALL GOVERNMENT LAND CREEK IN HANDS OF OPERATORS Recent Sale of Leases Marks Transfer of Balance of + Holdings in States Premier Oil Field; Big Problem Is Left to Operators The sale of leases in the Salt Creek field, just completed, marks the turning over of the balance of the government held lands to private operators. At the same time, the gov- ernment has also announced that compulsory dri!ling, as provided for in the leasing act, will not be enforced until further notice. These two steps leave the operation of the field practically in the hands of all/run, ba — oagewang = ‘gs Beg sis. ne ‘ew! part .o deter- Private individual: or corporations mine what ‘Reekttetes av dair baie having hipings there; it ls now UP ce prorating. Shall this be.on the te them to decide among themselves} ) 0.0 of acreage held, with a fiat bar Just how the field operations are to] Pine OF Ane ee vere with dif. de carried on to the best interests of ferent zones weched out according to all, That a serious situation exists | TO Teton per nore? Or weuld in the Salt Creek area is not to belit be better to take the full. flow of denied. ‘With crude from the field) | duction: of all wells eo far drilled, now cut to 65 cents from the high | ProUurn Of te allowed production 2.75 per barrel, field storage} othe ratio of this total to the max- inched in, mat-| ium which can now be ‘taken from point where/ tne field? In the latter case, the -| purchaser of a new lease, on which no wells have been drilled, and on which none are required as offsets, That there will be a meeting of all| wij] have to resign himself to seeing those interested within a very short/no return, while those already hav- time is almost a cer Probably |ing wells down will be drawing oil the govern’ it has in/from the pool, and the water line @ sense w! wn and turned mat- climbing up on his: property, ters over ¢ operators to work an edge tract. out their own salvation, will make an basis hich 'adlght ‘te. euipe effort to initiate such a meeting, as} the Investment of each being an outside impartial agency.) 5) orator might be contended that The government also bas an indirect|°n"n iy entitled’ to w fair neturn on interest in seeing the field developed! is investment, and the total invest- in the most economical manner. s0| ‘one could be pooled in-one figure, & that the utmost benefit is derived! Totti, ugreed on. and then the ran from the development of natural re-|°r on proportioned to give a& near ae onuscee. possible to a fixed return. A move will be made toward the| The many difficulties in arriving at control of the production of the field/ a fair basis of control is only here In- to keep pace with refinery capacity | dicated. It is universally agreed, how- and@ current market demand. To ac-| ever, that it is to the interest of all complish the end desired will réquire|to keep as much ofl in the ground as some measure of pro-rating produc-| possible in the present period of ruin- on among the different companies.|ous prices. Every barrel taken off Just how this can be done with/the field relieves the gas pressure equity to all is a knotty problem.|just so much, and the lowered pres- Probably the first steps will be an|snre, with its resulting effect on flow, agreement on what drilling is neces-|is felt by every operator in the field. sary to satisty government requfre-|This comr unity of interest, it 6 ments on offsets, and then 4rilling|thought, will be a powerful impulse over and above this minimum will be| toward a settlement of the control thecked. The next step would be to| question to the bereft of the great- determine how much oil each holder|est number. MARKET GOSSIP AND FIELD NEWS Bite Indian .. Buck Creek Burke .. Western Exploration 1.45 Wind River Refg. ... Wyo-Kans WyoTex .... Ground Floor Oil Exchange Bldg. Phenes 203-204 Blackstone Sait Green. 38 Capitol Pete .... Columbine Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY 09 04 03 2nd 4s . jist 445 tnd 4%s ard 44s 4th 4%s Victory 4%s WOMING CRUDE OIL MANE market. Grass Creek --__________ $1.15 Rock Creek Torchiight 115| Salt Creek Closing Elk Basin — 1.15) Big Muday CHICAGO, June Greybull — 1.15] Pilot Butte Lance Creek —_______— 1.10] Hamfiton Dome~— Lander ti Well 31-A, 1,160 feet; drilling. Well 31-A, SE\, section 22-40-79, at| 310 feet; drilling. Well 6A, NW%, section 24-40-79, at| 145 feet; drilling. Well 13-A, NBX, section 35-40-79, at 60 feet; drilling. Well 6-A, SEX, nection 7-33-16, at| commons, declared in the house thin 3.182 feet; completed; initial produe-/arternoon with regard to the renewal ion, Went 32, NEA. tection 84346, at Poce tr anlld 2,473 feet; cement setting. Pare Well 33, NW, section 8-33-76, at Well ————$—————— ‘Well 21.A, NW, section 19-40-78, at| 1, 084 feet; completed. Initial produc- 1,300 feet; drilling. Well 15-A, NW, section 19-40- at 1,952 feet; running 10-inch casing. ‘Well 23-X, NW%, section 2-39-79, at 1,227 feet; mudding, 6%-inch casing. NW, section 8-39-78, at), | $17.80. tion 128 barrels. Lari—July, $9.99 Elk Basin Field. Ribs — July, Well 12, Elk claim No. 5, at 1,475! 919 g9 feet; drilling. ie id. section 2446-64, at CHICAGO, Miscellancous. Golden Eagle, SWiK, section 12-45-87, at 3,000 feet; shut down waiting for ree igh ag CHICAGO, Auglo-Jap Alliance Discussed. LONDON, June 18.—{By The Asso- ‘Chamberlain, government leader in the house of of the AngloJapanese treaty: June Alive, lower; fowls, 25¢; broilers, 30 @40c. with July 2%e net lower at $1.28% to $1.28% and September a cent net low- er at $1.23% to $1.23%. to 1% at 64i%e to 64%e. . Oats were stronger than corn ct the opening, September being %c ‘higher Bt ORR Se ‘The general sag, how- it down tq 39%e in tho’ "hour. Provisions were dull but prices were @ shade higher because of a firm hog 18.—Close: $1.28%; September, “Corn—Suly, 63%e: September, 64%. Oate—July, 48%e; September, 39%c. Pork — July, $17.08; Septem’ ber, '; September, $10.25. September, $10.37; ‘1 Potaiaes, June -Potatoce— ‘Midway test well No. 2, at 1,550 feet. 2 2 Old, weak; receipts, 35 cars; northern extras, 2c: “Although I do not ia any wax |S? fleets. 27@ ate; seconde, | New York Oil company’s gas well, Townsend No. 6, on the northeast quarter of section 33-34-83 in the South Casper Creek field, is now in the hard shell on top of the gas sand. Preparations are being made to cement this well, and after setting, it will be drilled in. The well is now at a depth of 1,482 feet. Well 34-A, SE%%, section 15-40-79, at On the southwest quarter of sec-| 1,685 feet; drilling. lion 64-34-83, in the same field, the| Well 4-A, NE, section 22-40-79, at tig is up on the location chosen for|1,610 feet; fishing, 10 cna the drilling of a new well. This is inci aa on the 560 acres recently bid in by the New York Oil company at the sale of leases at the Poison Spider Jease sale. Drilling will start on this well within the next few days. A test of the oil sands at Iron Creek is being made, with the well, No. 4, setting a packér at 70 feet. ‘This well is on the northeast quar- ter of section 10-32-82. Good show- ings of oil have been encountered on the way down, far has been v Brass Tacks about Threaded Rubber Insulation » on the southeast | ion 31-30-81,’ New York | B is drilling at 1,260 feet. The profuction sand is expected at about 2,200 feet. In the Salt Creek field, the log of the New York well on the northwest | the battery case is your insarance. quarter of section 7-40-78 shows 2,-| Dreaded Rubber Insulation out- 832 feet, at which depth it has been | cemented. Drilling through the ce- | Masts the battery plates, It will not ment has just started, and a test for | check; warp; crack or-carbonize, It water shutout will be made, after | permits “bone<iry” shipment end which the well will be drilled into stocking of batteries so that the bat- apne ee tery reaches you in brand new condi- tion. The Willard ‘Threeded Rubber Bat- tery is the only battery with Threaded | Rubber Insulation between the plates, Tae Thread-Rubber Trade-Mark on Consolidated to Pay Dividend. The Consolidated Royalty Oil com-| Ask about Willard Threaded Rubber any will pay its regular quarterly | yasulation, dividend amounting to 3 per cent July | 20 to stockholders of record of July 15. The officers of the company state | there will be no change in their | regular dividend rate this year. The usual semi. t of condi- tions and fi t will be sent to all s h the July ividend. AUTO ELECTRIC CO. 136 East Midwest Avenue Phone 968-J | Midwest Drilling Report | Following is the latest drilling and/ other field qperation report of the Midwest Refining company. Salt Creek Field. ‘Well 7-A, SE section 25-40-79, at 2,575 feet, running 6%-inch casing. Well 36- YW% section 7,39-73, at | 2,010 feet. jetting. NW, section 1-39-78, at » cement setting. } SEX, section 30-40-79, at pulling 10-inch casing. LESPERANCE BROKERAGE Will buy, sell or loan money on active stocks and lib- erty bonds. County and city warrants bought. Phone 1147. Iris Theater Bldg. Phone 1147 RP 0-0-4, Natrona Transfer, Storage & Fuel Co, Furniture moving, packing and storage Covered vans, fireproof storage, baggage. Quick transfer to any part of the city. AIPON@ TRANSFER we son | STORAGE GEBO Coal PHONES4S FUEL ‘a pic aati _ o 880 fo Well 51, 850 feet: drilling, Well 20, NW%, section 3-23-76, at against America.” 350 feet; Sei, gee - “ Grass Creek Field. Well 20-A, SWiK, saigeaey 18-46-98, at 1,894 feet; cement setting. Well 15, NEY, ‘section 19-46-98, NW%, section 9-33-76, ates alliance directed against. Amer- pt once that we shall be no party to ea, or under which we can be called SERIE companies Jewelry and watch repairing by ex-|that they old $46, All excess of legal @ decrease of mn? oo 1% Pere, o. . 2 opedee 8 eS 4 "4 L ° So4s <axe> Men Pr Soe oP Rn > co 4, cs + Sac Poet eee. oe RD . 0% oe ? o-4 2 ee re ? Sogo ore o-efet 2, Roig boot oars oe 2, 9 nite Sa a a , ? .> poy 2 o> ? Ms oe, o, ? a> Oe oh cs D OPO ros Me oF 806,790 reserve in its. This is requiremen: $1,479,630 from last THE UNIVERSAL CAR Prices Reduced We Have Received a Telegram From the Ford Motor Company Announcing Price Reductions on Ford hk EFFECTIVE JUNE 7, New Prices TOURING—Standard TOURING— With Starter and Demountable Rims RUNABOUT—Standard 1921 These Prices EF oO. B. Detroit EARL C. BOYLE 125 to 137 North Center Phone 9 bo ore ree o-oo thoate ch ee tr efaehecSe-efe <P efretecioe! SeeGi-shosteetoege-cgoje-ate-efeate-efe-tSoate-etoateeteateeteetoateatedteteatrtedts and equipments were heavy, however, New Haven falling to a new low for the year on extensive offerings. Ches- apeake & Ohia New York Aicbraxe,|4 combination for real joy American Locomotive, Harvester and) and comtort you cannot beat. Come in and get one’ of our automobile road maps~ and look the Essex over NEW YORK. June 18.—Prime mer- cantile paper, 6445 @6\%c. Exel 33.20; cables, Railroad Avenue, West of Ball Park ae OF ng “THE MIDWAY” IS BRIGHTER THAN 40 CARS—22 Shows—6 Rides—400 A Factory Demonstrator will givea Dractical dem- onstration of the many uses to which: i-Namel can: 9 applied in the home with profit and pleasure "ad ie owner. pris You will be taught to goats in 5 minutes. To grain means to make old floors look like new hardwood. « You are cordially invited to visit our store during the dates given below and satisfy yourself how easily and successfully any one can re-finish and beautify Floors, Furniture, Woodwork, Walls, Screens, Radiators, “ Fixtures, Autos, Etc. WITH CHENAMEL PR PRODUCTS There is a Chi-Namel duct sis Hon el product for everything in fd i" i in "a ie Ps | > i iis “te ay — Gul mame: sia A FREE COUPON This coupon will entitle the holder to a 35c Can of Chi-Namel Free If presented upon any of the dates new 25c brush purchased to ftsede ip re 7 af the varnish. This coupon will also be accepted as 85c upon the purchase of a larger.can. : Date of demonstration June 18, 20, 21, 1921. Holmes Hardware Co. ‘A Baby Bond Store. Phone 601.