Show THE ARCOLA OIL COMPANY T G brice of ogden utah manager for the arcola oil company operating in the san juan utah oil field was in salt lake recently and while here made the mining review a pleasant call mr brice states that his company is in continuous operation and that from one of its wells it is producing about twenty barre s of oil daily which is being utilized by neighboring companies for fuel under boilers and as a substitute for gasoline in the operation of gasoline engines with favorable market conditions at hand the arcola company could produce from seventy five to barrels per day the producing well of the company is taking its oil from the 3rd ard or mendall sand the two upper sands being eased cased off one of the other two wells is down to the first sand at a depth of feet while the other has attained a depth of feet the company will continue operations and will soon put in a standard drilling rig A remarkable feature of the san juan oil and one showing its extreme purity is the fact that the product of the brice well is being used in operating gasoline engines at work in the field and this is a most satisfactory is manner in commenting upon the reports in circulation cu lation regarding pipelines and railroads mr brice stated that it was true that parties have expressed a willingness to put in a pipeline pipe line from the field to gallup new mexico on the santa fe a distance of miles as soon as the field can prove it can maintain a continuous production of 2000 barrels of oil daily this mr brice says could probably be shown now were the wells already sunk put in shape for production the arcola company is a victor colorado incorporation in which a number of prominent men are interested F E bodish E M of victor is president of the company and also president preside rif of the western investment company of that place operating the famous mary mckinney mine among others interested in ther the arcola are A A Roll stone vice ic president of the bank of vie vic tor and manager of the bank of cripple creek and judge charles owens owen of colorado springs mr brice says that a million dollars of san francisco money has been invested in stocks in san juan oil companies and that a great deal of interest is being taken at that place in this promising utah field d arcola stock is now selling at 60 cents a share |