Show IQ IV IV buvit itam v if a S 0 X E notes on the oil industry 0 9 5 0 IK 0 price advocate E L goodrich who has been drilling for oil in the san juan river below bluff has his well down feet and can pump twenty five barrels a day from it news register evanston wyo A abroise boise city oil company has erected a rig at fossil and will drill for oil during the winter the machinery was shipped all the way from the fiends fields of southern california it is stated that a local syndicate composed of senator thos kearns senator W A dark clark and hon T D reese of the state land board are about ready to contract for the drilling 2 of a well seven miles from green river and three miles from the california utah well price advocate the international in vestment company of boston will begin drilling operations within the next thirty days within three miles of mounds station on the rio grande western road in emery county the machinery has been purchased and is now now from the east price advocate M S Pey Peyser sert fc vice president of the el capitan oil company visited moab last week oh business connected with the company s oil lands which are situated about eight miles southwest of thomp sons he says they will start to boring a well in a few days as the machinery is expected to arrive any day the first well will be sunk between the reservoir and crescents near the moab thompsons road according to advices advises from emery county the second well being sunk on the property of the san rafael oil company has encountered a nice flow of oil at a depth of feet at this writing the full importance of the find has not been disclosed but manager A 1 davis is feeling elated over the news there is every reason to believe that the san rafael will find oil in larze lare quantity and of excellent quality in the sinbad basin F A virtue manager of the utah wyo ming oil fuel company left for the com banys wyoming oil lands last week with two expert drillers drillars dr illers the fine standard rig purchased by the company in california recently is now on the ground as well as the lumber for derrick and the casing the derrick and machinery will be put under cover at once and a boarding house is in course of erection the company is reported as being in excel lent financial condition on the the price of treasury stock will be advanced to 10 cents price advocate 0 F warren general agent of the santa fe railroad at salt lake city was in price a few days ago and is enthusiastic thusia over the outlook for oil in eastern utah and western and northwestern colorado he is a stockholder older in the debeque colorado oil and development company which is operating east of grand junction and is down at the present time to a depth of six hundred feet the well there he says struck gas at feet oil at feet and at feet salt water was encountered followed at a depth of feet with a five foot vein of coal the well is giving up about five barrels a day oi of oil but they believe this flow will be increased with greater depth news register wyo it was reported on our streets yesterday that the inter moun tain oil co who are drilling at round mountain had penetrated the first oil sand and that the same was freely saturated with petroleum the management of the white star oil company owning owning valuable oil lands in daisy fork which branches off from spanish fork canyon in utah county is feeling elated over the way things are con coming collino lino his way of late as it ia is stated that that big operator and promoter dr P A H franklin has secured a bond and option on the control of the com banys stock the white star has ground of decided merit but the company has been handicapped for lack of means with dr franklin at the head of the enterprise however its success is undoubtedly assured as in shallow development good oil has been encountered and the indications are that with greater depth a pay well will be found A denver dispatch of the ath says the western oil association was organized here today by about oil operators of colorado wyoming utah and new mexico telegrams were also received from other operators in dorsing dorsino the operation the following board of directors was elected dewey C 0 bailey george E ross lewin H einsley G W allen alien charles halleck W B lewis josiah winchester denver 0 H freeman pagosa t springs F J crane cripple creek thomas th 0 mas poole pool e boulder colo J J olsen and anda J A guthrie ogden utah C B richardson and bokin john 0 bottom cheyenne wyo C A johnson durango colo representing new mexico secretary W I 1 ro roberts erts of the california utah oil company j who is in san francisco Franci seb on oil business writes very to manager ager don C robbins regarding r eg 0 arding the outlook for increased activity in the eastern utah oil fields in his letter lett er to mr robbins mr roberts states that F H mitchell who is now in san francisco will leave within the next week or two for the green river country this state with a standard rig with which he will put down another well on the ground owned by the california utah company he also stated that L L bettys was preparing to leave san francisco immediately and that he will soon begin the sinking of three wells on the land of the milton oil land company in the green river country while W M spencer who is also in san francisco is is arranging to install two standard rigs rig s in the eastern utah oil fields this snows shows that another month or more will show splendid activity in oll oil drilling and exploration in the section nam named ed the intermountain oil product and stock exchange was was successfully launched in this city on the evening of the ath dinst and the association will soon begin business s in earnest in the handling and sale of oil lands and securities at the meeting held on the date named above the articles of incorporation pre pared by audr judge 0 1 e E V higgins A attorney attorney george westervelt and col M A daugh erty were adopted the association is capitalized at shares of each and each ot of the twenty six charter members will receive one share the remaining seventy four shadrea being placed in the treasury of the exchange the first board of directors was named as follows perry S heath W I 1 roberts nels E youngberg A S chapman M A daugherty S L boggs J A C freund 11 P mason and F L gardner the officers are perry S heath president W I 1 roberts first vice president S L boggs 6 second vice president H P mason third vice president nels E E youngberg secretary and A S chapman treasurer |