Casper Daily Tribune Newspaper, June 3, 1923, Page 10

PAGE TEN Che Casper @unvay Morning Cridune WYOMING’S LEADING OIL, BUSINESS AND 270.000 ACRES ARE INCLUDED IN LEASE Eastern Interests Secure Lease on Swan Land and Cattle Company Holdings North of Laramie and Propose to ‘Test Four Structures ° LARAMIE, Wyo., June consummated here which is f: —aAn oil leasing deal has been raught with immense possibili- | ties for the city of Laramie and in fact for the entire county, for it will eventually mark more conspicuously this city’s al ready prominent place on the oil map of the intermountain west. Reference is made to a by the owners and operators of the great Swan Land & Cattle company's Properties, comprising about acres, lying entirely in dicate of . Baltimore and Pittsburgh cap 3, who have or: rporation with a $20,000,000 Bye ment plans more or less active consideration several years. Charles M. Watson, of Houston, ‘Texas, met C. J. Templeton, general manager of the Swan Land & Cattle company, and concluded negotiations for a lease on the vast acreage of this company, the terms and condi- lease which has been executed J ment a dome and wells ferent points of the Flat Top, the Gillespie and th four a Como Rid, McGill An order has been placed for ma terlal and machinery for the first ten wells, which will be sunk at once on s which are now being staked corps © This order was son in Pittsburgh | his way west and was made cor ional upon securing the necess: signatures to the lease. was sent authorizin ment and little del although 60 exacted on this immediate tions of which were wired at once to} the eastern capitalists, so that noth- ing remains but to complete a few minor organization details and then work will begin in earnest. The land in question lies to the north of Laram{e, which will be operations Drilling will begin on what ts de nated on the large detailed oil maps jasued by the United States govern- organized at once will maintain head quarters in Laramie and {is already fully financed and the stock paid up No stock {s for sale on any terms. The members of the syndicate are for the most part bank gone so far as to bind themselves not r own individual fl such time as a | per ave been accomplished. Marine Ready, to Drill i in New Producer, Salt Creek |: Marine Of! company has moved back the bofler from its Taylor No. 4 well on section 20-39-78, Salt Creek, prep. @ratory to drilling in. The well is on top of the snnd at 2,740 feet and should be a good producer, 17 No. 2 on the same eection being ra at 750 barrels a day at 2,772 feet. Arrangements are being made to tube the hole in Taylor No. 1 at 2,673 feet and rig ts up lor No. 3, On section 17: » Marine No. 1 is cleaning out at feet and pre- paring to drill deeper, Marine No, is down 1,280 feet Devereaux Oil Interests In Cat The Devereaux Of company, which recently struck ofl in the western ex- tension of the Cat Creek field that added hundreds of acres to proved territory, has sold its interests to the California Oi] company, according to Montana reports. ‘The Devereaux company's discovery has resulted tn the starting of many new wells in that section of the field, which is three miles from the main Market Gossip On Operations in Oil Fields |<": Gasser to Be Capped. GREAT Far Mont., June Orders have t rece the local office from the headquarters in Tulsa, O! the 30,000,000 foot Gladys Belle-Brown Creek are Sold Pool. Among new wells being started are the following: fer Oil company on section 12 Devereaux Oi] company s jon r “s&tion 6 Hogan et al, section 7: Six Petroleum company, se 29; Mussellshell Valley ‘Oil comanpy section 8 and Briefs county, V | tain fte r privileges and ui in order that line can be >| started early in 1924. gas well in the Sweet Grass hills| north of Great Falls for commercial | {s being sent on| purposes and a man here from Tulsa to handle it. The Ohio-Sherrard well south of Big Sandy and east of Great Falls which came in for registered 20,000 1 and the drill is going town d the drill ts ur of the was put on Casing is on| an the well to the it is expected the been mbar sand oil will be reached, Leases haye which gives Mr. ‘The well is down about 150 feet. New Gusher fn Montana. Completion of 1,500-barrel Ol companies ed with the Carter Tnion optnaes Pipeline, Of com ot California! f 3.22 Portland-Wyoming Operations. RAWLINS, Wyo., June Portland-Wyoming O11 which is operating very e this year in the Ferris filed, about ne mile east of the Producers & Re 8 Ferris camp, are making good headway on thelr drilling campaign this year. Number three well which was spudded tn witd a n ed running 4 inch casing, which wa ¥Y on account of some cav. formation Number 2 well which is being drill ed under contract by F. J. Baroch ar is now down bet 300 feet with very good showing of doth ofl and gas, Number 4 rig of the company is i hauled to the new location 6, range 86. tual drilling eld and th r , Ports made have been very favorable to permit holders tn that sec which accounts of ‘the extensly tivity that has been resumed in t part of the field and indications hat some good producers will during the next rhe Portland people who now have ‘gs in the fields are making ar ements to resume work on their number one well within a short time. This well is now down about 3100 feet and has ben 1 and gas dir! CHICAGO, June 2.—Butter, higher 9; standards, .29% @.38; firsts, .36@ @ 68 lower; rece'pts 22,250 cases: i ordinary firsts, .21% @ A telegram | least 10,000 barrels | } . this year, but will re-| ! —The | s American American American Ame Ameri American American Atchison Atl. Gulf chandler american , | American nT. Anaconda Cop; Baldwin Locomotive Baltimore ar nd Ohio || New York Stocks | Altea Chemical £ Dye Locomotive Smelting & 123% 146 | 9 | 445 Woole an 4 Motors ~~ “hesapeake and Ohio a) Northwestern —_- and St Paul pfd. Copper tonsolidated orn Products geologists already | C ™ T Marland Maxwell Anglo Sunburst Wisc $1.00 ; Idaho sacked Russets spot Cobblers $7.00 Meet me at The Smoke House.—A‘v. Continentat nberland irie Oil Mule Creek CHICAGO, June 2.—Potatoes dull; eipts 65 cars; total U. at No athe rn ptd c f States Steel Mlinois Central -. Inspiration Copper International Harv Int. Mer Marine pfa. International Paper on ee “entral ~-— H. and Hartford and Western Standard Oil Stocks 15% 39 102 199 16% {| Notwithstanding @ slight falling off ,'in Salt Creek runs, pipeline’ carriers | two weeks follows: Incréase in Pipeline Runs Shown for Week May 26 1,965 220 895 225 7.100 3.000 600 1,960 215 the Rocky mountain district bate handled 2,510 barrels. of oil dai!y more during the week of May 26 than during the week ended May 19, ac- cording to statistics just announced. Total average daily runs from all fields for the week ended May 26 amounted to 127,890 barrels as ainst 125,880 barrels a day for the peding: seven-day period. A comparison of daily average stoss runs from all fields for the 6,915 475 550 125,380 Silver May 19 95,750 3,875 NEW YORK, June 2.—Foreign bar silver, 65%c; Mexican dollars, 50%c. —— Flax Seed. DULUTH, Minn., June 2.—Closing , $2.67% bid; August, Muddy — Creek t Butte 115 Soldier ock River .. ss Creek AAA SUNDAY, JUNE 3, 1923. FINANCIAL DEPARTMENT Foreign Exchange NEW YORK, June 2.—Forelgn ex- changes irregular. Quotations in cents; Great Britain, demand, 4.63; cables, 4.63 3-16; 60-day bill son banks, 4.61%. France, demand, 6.48; cables, 250] 5, Holland, . Norway, demand, g Sweden, demand, 26.62. Den mark, demand, 18.47. Switzerland, demand, 18.04. Spain, demand, 15.20. Greece, demand, 4.20. Poland, de mand, .0018. Czecho-Slovakia, de- mand, 2.99. Argentine, demand, 35.25. Brazil, demand, 10.30. Montreal, 97 21-32. Surveying and Locations Geologists, Oil Experts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 Room 10, Daly Bldg. “Wes” Is Arrested; “Missou”® Note Is Part of Evidence D. W. “Wes” rested Friday afternoon on a bench warrant issued on the charge of manufacturing Mquor. Middleton was ar It is said that the arrest {s an! gallons. The note aftermath on the raid made on a still at the Crosswaite ranch, 18 miles southeast of the city, two weeks ago, when evidence sald to have connected Middleton with the still was un-j7/ covered. He was released on $1,000 bond. One of the pieces of evidence was a note addressed to “Missou,” 28 published in the Tribune recently, asking him to let “Jimmie” have two s signed ‘Wes". Rich as ; Butter-Sweet es a Nut? Wyoming Baking Co Casper, Wyo. Phone 1732 Potatoes 8. ahipments nsin sacked round whites, | cwt; ditto sacked $1.00@ kc weaker; Alabama sacked $4.00; few at $4 South Carolina bas leepeneeetend UNDERREAMERS 6 ANNOUNCING THE OPENING OF MOUNTAIN VIEW ADDITION FOR MONDAY, JUNE 4TH On West Yellowstone adjoining the PRODUCERS AND REFINERS on the West, and this side of the new RODEO Grounds. stone Highway. VIEW is. you out. 132 North Wolcott NAAT TT IAAT You may obtain a tract 150 feet by 260 which is equiva- lent to six lots, (one acre) for $600.00 to $750.00 on small payment down, balance monthly. Make your pleasure trip Sunday out the West Yellow- The big sign boards will tell you where MOUNTAIN for appointment. Salesmen will be ready to take BAKER-GRUDE INVEST. CO. Phone 1189