Salt Lake Herald-Republican | 1918-02-24 | Page 51 | Montana-Wyoming Looks for Big Year

WYOMING MONTANA lOOKS FOR BIG YEAR I I Production shipments and drafts upon storage c stocks of ot petroleum in 1917 were the greatest In the history of or the tIle oil Industry and that this wIlle will willbo bo be e greater greater during during the tho tho current CUIr n t year ear Is i beyond question said 5 A. A B. B the Montana Montana- treasurer secretary o of 0 Wyoming Oil compan company yesterday I I 1 have been In the oil fields he continued continued contin contin- for Cor the past five O weeks and If It you ou ever er saw people that are optimistic you OU should see those In the oil fields In the California field we have o producing producing pro pro- wells and in Wyoming we wo also have large holdings but It matters not what field you ou visit it Is tho the same sarno In all Figures which have Just been made public showing the production o ot of last year car disclose the fact that while the tho output reached the enormous aggregate of oC practically 3 barrels It was necessary to draw upon tho the surplus stocks stock to tho the extent of or barrels barrels barrels bar bar- during the year When you ou consider consider consider con con- sider tho the fact that the storage stock or surface r reserve serve of petroleum on the first day of the current year ear was but barrels you ou can readily seo see seewhy why Increased production is necessary The government is urging conservation conservation conser conser- atlon of or oil ell and anti Its by products and Intends so it Is declared to compel all oil companies who hereto heretofore Core have ha allowed the tho natural gas that comes from oil wells to go 0 to waste that is b by burning burning- it in a flaro laro to cease this waste and to put in casing head gas g-as plants by which tile the gas can be he compressed Into gasoline Our company Is now arran arranging to put iUt In iii a 1 casing head plant i r I i- i and while It Sos o os- os r nevertheless it will help In man many ways wars I in n doing 0 our U l' l LJ oil I t in iii u ti Wo We 0 are now flOW marketing oil from our wells velis In the greatest oil all field in Inthe inthe the tho world tho the Sunset Midway field and andare are arc arranging to spud In our No 3 well The state stute will shortly give out tho figures on our production ntH uniT ami when these figures arc are made public I 1 am sure suro they will bo be gratifying trin to our out stockholders Our two wella elis are arc doing better than wo we expected our expected our No 0 2 In iii particular Wo Yo have landed the C cas cas- lS- lS In ing In this well selL and have it on the pump I believe that tile the development In inthe tho the various fields throughout the country country country coun coun- try this year ear will be greater than ever er for tor the thc demand Is growing by hy leaps and hounds bounds eVer every da day Tho Tile demand for gasoline ne for the thc great ret air all fleet lect which the United States now flOSS has in France and which Is to be hc much touch greater is 11 enormous Then too too the demand for tor forthe forthe the thc fluid for motor trucks truck I Is growing so fast that no one can tell lell or forecast forecast forecast fore fore- cast what the demands deman s will beThere be beThere There have been booms In us many fields but lint tho the one ono that is to come this spring If IC boom It can be bo called will wili willIn willIn In my view exceed an thing heretofore known In the oil Industry Jt It is the tile oil age in fact fact- Petroleum and th the thA products products prod prod- from the golden will continue con COil to exceed the tho demand YORK Uc cunn CLOSE The lot following were rc- rc received rester day over I wire I I I I Bid ld-IMIo- ld I Ask lIn Coo I 16 16 1 22 roll 11 m Aetna AClO I I 18 18 owe erom V 1 I 60 0 I BI Jelle IcIe I 1061 18 Jerome V 7 75 95 JIll big JIm 30 10 Coil rIM Con CD C Cp Cop p G. G M. M Chief 25 3 Cn Cal J 1 1 Oil O. O Are AM tSI ili Ref net 1100 I OO Cr Coil 1 1 00 u f CRI Cn 1375 ZUO Cit Ser 11 OO U-o U I II lIer na Till I D 00 WW t. t Mm In 1811 25 EI Ely Con I 05 c d Tono 1 I N Con 25 32 lono hono lIn 3 S rj Elk n. n GG el Ch 15 12 I 0 RoCk 11 1 S N SUo CO howe S 1 4 45 1 C C. C G 62 75 lice or of I a 3 51 m I I Will Si I. I 25 I 75