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Show Oil Found at Only 600 Feet Laramie Oil has been encountered at 600 feet in the Peterson No. 1 well being drilled by the Continental Oil company In the Wolden, Colo., field, President Fred B. Miller of the Laramie, Lara-mie, North Park & Western railroad announced. The flow is estimated at from sixty to 250 barrels. The discovery dis-covery of oil at so shallow a depth cama as a surprise to drillers, as tho discovery well in the Walden field, about a thousand yards from the Peterson Pe-terson well, went more than 5000 feet, j The new well is being bailed out and will be drilled deeper. ' l |