Show OIL COMPANY FOR JUAB COUNTY salt lake herald republican some time ago the herald republican published a note from delaware that a 5 corporation had filed its articles the purpose being to prospect for oil and gas in utah it now develops that the company has been organized as follows P F A wann president of the san pedro oil company and general traffic manager of the salt lake route henry coacher Do acher president of the national ventilating company P hawley smith vice president of the mendota coal company los angeles E J thayer president thayer berg company importers and exporters W U taylor M de brabant and col J boardman cann consulting engineer the officers are colonel cann president F A wann vice president and holt secor 71 wall street secretary treasurer the companas comp anys present acreage consists of acres of patented land in juab county utah miles south of salt lake city on the main line of the salt lake route titles to this land have been passed by salt lake and new york attorneys five wells will be immediately drilled a rig for one being already on the property the field operations will be under the supervision of daniel murphy of los angeles owner of two independents the los angeles cherokee oil company of tulsa oklahoma and the la brea oil company los angeles california while shale oil abounds in this district the company does not plan to manufacture oil from this source shale in abundance on the property gives one pound of oil to every ten pounds of shale it is said that this oil is more valuable than pennsylvania crude it is degrees baume and gives under ordinary processes 28 per cent gasoline dr frederick J ph D chemical expert of the standard oil company william R jewell M E formerly geologist of the united states department of the interior prof laird J stabler university of southern california F T perris general manager of the oil properties of the santa fe railroad and several others who have examined the lands the wells and the oil have made affidavits concerning its commercial value the directors and owners of the property have taken shares of stock and placed in the hands of trustees for three years with the provision that it cannot be sold until the company is successfully producing one million of the shares will be sold to complete the plan of operations it is estimated that the directors have spent in searching titles testing the property and other advance work |