Show GRAND COUNTY OIL times moab utah S E barrett a mining and oil expert from bradford pennsylvania Pen sylvania and L peavy a denver attorney are here this week to examine the oil prospects along grand river ever they came down the river with comma branson tuesday and are well satisfied with the indications on the claims that could be examined but were unable to inspect most of them on account of the high water they also believe that the farm lands of this valley contain oil and have been cecur securing ng twenty year leases on some of the farms with a view of drilling for oil within a year the leases provide that mr barretts company shall drill for the oil and give to the land owners ten per cent of the oil discovered the company further agrees that any artesian water discovered shall belong to the owners of the land the farmers figure that th this s is a big feature of the lease as it has always been believed that there is artesian water in the valley and in this way they can find out without the expense of prospecting A meeting ot of the commercial club was called wednesday for the purpose of acquainting qua inting the farmers and business men with the provisions of the proposed lease among those who have leased their land to mr barretts company are dr J W williams J A huff neal ray and myron lance |