Casper Daily Tribune Newspaper, January 22, 1922, Page 18

THE CASPER DAILY TRIBUNE AND WYOMING WEEKLY REVIEW TION JUMPS TO 19,06 >AG PAGE TWO Wyoming during 1921 produced 19,06 according to authent ources, of approximately over last year of 1,864,000 barrels and a reduction, petroleum industry d D ‘ ( favorable conditions that ever prevailed in the. industry, 201,080 barrels o uring the year, of $3,469,000 in refined value. = CRUDE OIL PRODUC pONSISTENT INCREASE SHOWN BY WYOMING FIELDS | Sst eck cue: DESPITE CURTAILMENT OF PORGHASES LAST YEAR a Beginning of New Year Finds Acceptances of Crude Speeded up After Long Decedeion of Industry and New Year Prospects Hold Promise of 50 Per Cent Increase in Total Amount Purchased 5,000 barrels of crude ofl of the refined value, $132,845,000, an increase in producticn because of depression which struck the In 1920, under the most Wyoming produced exactly 17,- crude oil, of which 16,£63,838 barrels were marketed and refine”. —— Re- finery figures for 1 abse, are expect tial increase in vi the Tinless wu: during 19: duction barrels; wi 000,000 barrels in three years it the production will | 000,000 barrels annual above that it may fo resources bxgin to show pletion and the produc’ recessional movement no © ficiently imbued with the prophecy even to su Wyoming's pet 19,065,000 barrels i 000 barrels greater t tion of 1920 despite th mp in mi January August - September October - steam ahead” and 1921 a curtailment of Geveloped p i Curtailment of possible production, even Oe "| PRODUCTION OF CRUDE OIL BY HCNTHS DURING YEAR 1921 Wyoming . 1,462,000 1,497,000 1,614,000 1,913,000 1,976,000 1,857,000 1,143,000 1,472,000 1,364,000 1,482,000 1,542,000 ‘vhen combined” with rapid reo be pd na the prices of crude, to halt devel-|| De cember —— . 1,743,000 ent of the state's oi! fields and Ing“continued 8 ti.coughout Totals... ___...19,065,000 o year with the result that at the close of 1921 the producing wells in ‘Wyoming could output were there ro- fining facilities to handle ft, almost 900,000 barrels a week. In exact fig- above are not official. ures, the state’s developed petrolesm, —<$ —@ —____ ; The month of December potentiality now is reckoned at 45,- season and the great amount (26,000 barrels annually. ction which was added | Salt Creek Major Producer, to potential pipeline flows. | Of the total number of barrels pro-| Production from all fields in Wyo- Salt Creek ming reached its peak during nth of May when the actual duced in Wyoming in 192 gave up about 11,362,000 barrels, or 1,142,000 barrels an Was pro- Gueed tn the. same 4 st year. amounted to 1,976 000 barrels. Dur- ‘This despite the fac eptances ne month of January production ot crude in the s' ofl Meld od 1,462,000 barrels and a steady dropped from 10i' per ¢ st gain was shown until the peak was of the year to 35 reached. With the restriction of pipe ble at line runs and crude of] acceptances duction of which it was « the close of the r. ase. production dropped to 1,853,000 bar- 8 ine in “the face of har n June, 1,143,006 in July, 1,472,-|.tctal dally production far in excess oe cate c 1 1 Aurust and 1,864,000 in Sép-|of the averace for the later months O!l is being marketed by |#ome| the ‘year, tt ember and still tess for October and of tue year, daily pipeline runs be- smaller fields but the tabulation coy- | livert WYOMING November. creased the average of the |three months in view of production present time. tests in the Salt Creek field which the| permit of 100 per cent production of Grass Creek half the field for 20 days.and 35 per Elk Basin -. mount of crude taken from wells|cent from the other half during the Big Muddy -. eame period. On the figures obtained Pilot Butte -. through this test will be based the Lance Creek erude oi] acceptances for the first Osage --- part of the new year, Production By Fields. Latest figures’ on fields therefore Note—Figures for the last month of the year as given United ] States 87,853,000 85,848,000 40,302,000 49,039,000 42,043,000 40,465,000 40,328,000 40,946,000 86,615,000 85,638,000 85,000,000 85}000,000 460,017,000 last ing approximately as follows at the Barrels. Rock Creek | Lost Soldier —. production by) Salt Creel give Salt Creek a 1,700 | in. Total (daily) |... 6,887 MONTANA in other oi] producing states’ is the shown by the fact that Wyoming pro- plants at Casper, Laramie and Grey- 187 duced 4.36 per cent of the entire pro-' bull following stock transactions 600 duction of the Urilted States in 1921\which paved the waz for consolida- 350, as against 8.96 per cent in 1920 and’ tion under one control, 3,000\a great volume’ of crude ts still shut, the The yalue of the field product to the late in tho fall that a contract had producer during the year 1921 reveals been closed tno supply 2,000,000 bar- the greatest difference in- totals for/rels of Wyoming gasoline for’ export, for while last year's de- delivery to be made at New Orleans. to crude oll purchasers meant The Western States Oil & Land Company Producers of CRUDE OIL ; 7 5 ‘ i it i | imum low. As an example Balt crude; which sold as high ao $3.75 a barre! in 1920, reached « low quota- tion of 50 cents in 1921 and other cE crude olls in proportion. pres- ent price is $1.40 a barrel the eT the’ ol apprextnataty ¢a5,0e0t00 or] > digas ; bait the amount reaitzed the previous) MQ iority of Huge Tankage Located in The wanes wince ct wronings| Wyoming With Over 2,000,000 at Cas- 1921 petroleum production, |.345,- ofl, Colerado and Wyoming oil storage facilities of the state anda includes ons 600,000-barrel t frisrensed Chatr Gutgut off guactine te tank in the Midwest tank farm at Casper. In addition to the Wyomtns 19%1 by clove to 65,000,000 gallons as| fisids the figure includes about 200,000 barrels of storage in the Mo: compared with the output for 1920.) tdna and Wyoming fields. . Kerosene showed a falling off while ‘The storage facilities of the state according to location follow. other products showed an increase Owner— Location Cap. Bra. except lubricants which were slight-| Elk Basin Cons. Pet. Co. ‘Wyoming end Montana ++ 300,000 ly behind the previous year’s figures.| Gen: Ferris -.. 40,000 ‘The output of gasoline for the year 35,000 using the bureau of mines figures for oped 10 months and the Iast two months es- ote timated, was 365,027,168 gallons zoe compared with 301,171,622 gallors fro| peed 1920. Kerosene output was 7! 80 ped gallons as compared with 116,962,577 _— in the previous year. Gas and fuel peed was 292,475,059 galions in 1921 and eaes,000 212,948,859 tn 1520. Lubricants in peg | 1921 amounted to 13,906,534 gallons raped as compared with 14,578,826 in the “ate, | previous year. The wax output was “pad 33.443,778 pounds in 1921 and 23,882, = |709 pounds tn 1920. ee April showed the smallest: output see of gasoline for any, one month dur- Teac jing the year when’ the production as000 amounted to 22,975,926 gallons. Sep- zooee tember was the largest with an out- ni0000 put of 37,674,380 gallons. The small- 140.000 est month for kerosene was Aprit| Sen,eo0 when the output dropped to 2,614,378 200,000 gailons from 12,170,515 gallons in Jan- 75,000 wary. It recovered to 9,758,464 gal- ; lons in September. ” 300,000 | Development during the year was not confined to field operations, but extodtied to ‘enlarginaut and Gaciore: ead nea ve the refining facilities, At the end of 1921 the state’s refineries| nistory refining industry of| there Prospecting are capable of handling 112,700 bar-| tn ee bd Graven ineuiiees: be x rels of crude a day, including re-run fee Fer; Development Large. discoveries praghh mao Feocttanee , | Oils, and impbrtant ers‘rzements are + were wy °s all major production in Wyoming. in progress. An outstanding develop-|_ Field development during ‘the year) NT Oh os what ts believed That production of crude is Wyo- ment of the year in the refining sit-| “2% sreatest in the proved areas, of). fatale Kioovery = ‘polteess aing for the last year compares fa- vation was the taking over by the| Which tif Salt Creek continued to be ‘eae ‘Wyoming abcd reat. vorably with activity in the industry Standard Ol! company of Indiana of 874 probably long will continue to ‘ arg ‘ Midwest Refining company’s ©_bY_far_the most important, but (Continued on 8) virtually all ities of the announcement Oxy-Acetylene Welding Satisfaction Work Steen & Shaull Welding Co. East Second and Yellowstone—Phone 628-J ‘ Casper, Wyo. major refining tate. Another was This is — OKLAHOMA | § OFFICERS AND DIRECTORS Capital Stock__-$10,000,000.00 H.C. Bretechneider, President (Director) EH. trick, . « « Treasurer Outstanding $ 5,952,000.00 Carrol H Wecentana - « Geologist M. T. Rathvon, Superintendent (Director) N.S. Wilson, . . . « . « Director E. E Boyd, 4 . 5 «= = Director *: Transfer Agent—The New York Trust Co., New York, N. Y. Denver Office—-First National Bank Building Casper Office---Midwest Building i a.) Dev. Prod. Oi Producing Fields Bhs. Daily _ Wells *Soap Creek, Mont_____ 5,000 47> Salt Creek, Wyo___.-_ een” | *Mule Creek, Wyo___-_ 16 *Hamilton Dome, Wyo-. 14 Lance Creek, Wyo-__._ 50 1 Deer Creek, Okla___—_ 2 Gas Wells Si wewooos Al wocooonnm * Production shut In for want of a market, Soap Creek oil will begin to move on completion of railroad from Hardin, Mont., to tiie field, the construction of which has been started.