| Show oil notes the total capitalization of new oil companies organized during 1919 amounted to W T mcgee of salt lake vice dent of the croesus oil company is at present in new york city in the interests of his company among the concerns now drilling in montana and washington are the midwest refining company and the standard oil company of california thomas clinton president of the lin coln idaho company compan operating in the piney section of lincoln county wyoming is at present in california A well of barrels daily capacity was recently brought in at a depth of 1300 feet in alsace france it is hoped that a prolific field will be the result A L vice president and general counsel of the california petroleum corporation of san francisco is at present in the east on important business the big gasser at amarillo texas known as masterson no 4 has been successfully harnessed recent tests showed a capacity of cubic feet of gas daily after advancing the price on pennsylvania crude to on december 22 the leading purchasing agencies again advanced the price to 5 on december 30 montana is enjoying an oil boom of no mean magnitude since the van duzen oil company brought in the successful well near roundup leases are selling as high as per acre improvements in the casper wyoming plant of the standard oil company of indiana have been commenced when completed the cost of the new additions will teach reach the mexican congress adjourned in december without taking definite action on the legislation affecting the nationalization of oil lands the legislators will not meet again until september D A whittaker of reno nevada organizer of the standard petroleum company operating in lincoln county wyoming and a prominent mining man of the sage brush state was a recent denver visit visitor or production of petroleum in the united states for 1919 was approximately barrels according to figures announced by the U S geological survey this is an increase of barrels over 1918 on december 30 the price of wyoming crude was advanced 25 cents per barrel making the new prices as follows rock river salt creek and big muddy grass creek and elk basin lance creek rocky mountain gasoline prices average 34 cents higher than middle west prices this price is maintained regardless of the fact that the refineries are operating on crude that brings a far lower price to the producer freight rates on oil from texas to utah have been reduced materially to enable the utah oil refining company to operate its salt lake plant the usual supply from wyoming has been cut off on account of closed pipelines pipe lines the famous juan casiano no 7 well of the mexican petroleum company in mexico which has produced barrels of oil since it was drilled in 1910 has struck salt water and it is feared that its life as an oil producer will soon be ended the cat creek anticline in musselshell Mussel shell county montana is being given a test by the frantz oil corporation A well has been studded in on see sec 21 15 30 about thirty miles from the successful well of the van duzen oil company near roundup the sterling oil refining company has been incorporated at salt lake city 1 with a capitalization of 10 A H gokeler is president maurice keating vice president E C miller secretary these with john marsh comprise the directorate A new montana oil company is the midwest w est oil refining company recently incorporated corp orated at mondak with a capital of joseph walsh of ritchie john C dwyer of dainville bainville and J F redmond and M B milligan of mondak are the tors the union oil company of california has secured leases on acres of land in san diego county of that state and will drill a deep test oil indications are very favorable and the test will be watched with interest by oil dil men in all parts of the country the big piney oil refining company in which a number of salt lake men are interested te is securing crude from the lincoln idaho well in the big piney section of lincoln county wyoming to use as fuel in the drilling operations which will be started by the company shortly machinery has been ordered for the first shale plant to be erected at de beque colorado to use the wallace process invention of G W wallace of denver an ultimate capacity of 2000 tons per day will be utilized but a ton unit will be first erected at a cost of an internal combustion oil burning engine the invention of sir vincent L raven chief mechanical engineer of the northeastern railway of london england is expected to revolutionize railroad transportation recent tests made with a heavy freight train showed a speed of thirty miles per hour and with passenger trains a speed of sixty miles per hour is possible the cost of operation is about one half of what it would be with coal work has been commenced on the plant of the american shale and petroleum company at green river wyoming which when completed will be one of the largest shale plants in america the plant will use the jenson process the invention of J B jenson of salt lake city the colorado river oil gas company operating in the chloride kerwin field on the colorado river near kingman arizona studded in the first well in that section on new years day using an okell rig the event was in the nature of a ceremony people coming for miles around A tentative offer has been made by the sheridan wyoming oil company of sheridan wyoming to the ohio oil company and carter oil company of for the properties of those companies located in the maverick springs field in fremont county north of pilot butte wyoming articles of incorporation have been filed at ogden utah for the lake shore oil company capitalized at the officers and directors are theodore F president secretary and treasurer fred S miller vice president thomas E morgan benjamin critchlow and charles M croft directors work on the western allies well near moab utah has again been delayed owing to lack of casing A stray sand was encountered recently at a depth of 1000 feet which contained salt water and some oil As soon as additional casing is received the water will be eased cased off and drilling resumed to the lower sands A report has reached salt lake to the effect that a gusher was encountered by the colorado utah oil company in its drilling operations near the lower end of diamond fork canyon about sixty five miles south of salt lake oil flowed over the top of the derrick when the cap rock was drilled through according to newspaper accounts english capital is rapidly securing the available oil supply of the world according to john H vice president and general manager of the pacific mail steamship company in a recent interview mr further stated that within ten years the united states would be purchasing annually from great britain barrels of oil at a cost of unless something was done in this country towards seeking new fields in other parts of the world A meeting of the stockholders of the croesus consolidated oil development company in which a number of salt lake men are interested was called for the of january to consider an increase an in the stock value of shares from 1 cent to 1 and to change the name of the corporation to C croesus croesus oil company dr L M brumbaugh is president W T mcgee vice pres ident and george E skelton secretary of the company which has large holdings in the big piney and lost soldier fields of wyoming A merger of three of the prominent wyoming operating companies has been effected elk basin petroleum grass creek petroleum and the keoughan hurst drilling company being the companies interested A new company with a capitalization of will be formed to take care of the holdings of the three old companies whose holdings comprise acres of leases in oklahoma texas wyoming louisiana colorado and new mexico the present estimated earnings of the company are at the rate of annually |
