Show more eastern capitalists cap tal ests enter the fallon fallen field BY A MOORE fallon nevada dec 20 during times past most of the newcomers to the fallon field were there to look it over and draw their conclusions as to whether or not oil existed in that formation today the situation is very different formerly the newcomer asked to be shown the field that he might look it over and draw his own conclusions clu as to whether or not there is oil there while today one seldom hears such a question it now is where can I 1 get some land near the center of the field or who can sell me a prospecting permit such a change of sentiment is very encouraging cou raging as is proves that the outsider now accepts fallon as practically a proven field and not any longer in the prospect class As an example within one hour I 1 encountered on the street five parties from widely separated points of the country they were W H hahn of new i ork city G E batchelder of oklahoma davis and dunlap of texas and AV P F miller also of texas W H hahan of new york said 1 I have been looking over the oil situation and am convinced that nevada will be the center of oil activities for some time to come and that it will keep growing in importance until it culminates in a big boom and I 1 want to declare myself in on it all the mid continent states have settled downto a matter of production and when that happens it is a matter of investment at high figures and one no longer has an opportunity to buy land or stocks at the low price and that is where the big fortunes come from that we read about davis and dunlap the contracting oil dr illers from texas have several drilling t contracts under way they state that they only need one or two more contracts and they can move all of their drilling outfits consisting of standard columbia and rotary rigs from texas soon as released As soon as the details of several contracts that they have under way are completed they will have announcements to make that will be of considerable interest to the fallon field G E batchelder of ardmore oklahoma states that in addition to arranging for shipments of tanks and other supplies he will ill also acquire a property and help to develop it he also states that the big boom in the mid continent fields are about over and that active experienced operators of those fields are looking for something new and therefore nevada is the natural point of invest investigation and investment for those who make a business of pioneering and developing he said 1 I am more convinced every day that fallon will soon be the scene of great ac tivi ties and the center of a boom I 1 am going in to be prepared for it W F miller of texas together with I 1 W saxon of the oil exchange of nevada and others visited the fallon fallen field last week mr miller says after a trip over the fallon falion field I 1 can only express surprise at the rapid progress that has been made as a whole stockholders and others should recall that often the biggest companies with unlimited capital at their command and the advice of the best experienced men in the country and the use of the very best tools in the country are two years or more in bringing in a well and furthermore fallon fallen is handicapped in being so far from sources of supplies and repairs very often repairs cause more delay than lack of proper tools I 1 am well satisfied with the development I 1 saw among the new companies to enter the 14 field is the sunshine oil company with dr H R S consul at the head of it and the flaute chief oil company with dr W C lucas and charles L carter as the prime movers the diaute has eighty acres of patented land on the mrs airs kate dou douglass 1 lass hurst ranch while the sunshine oil company has li holdings oldin Is in the middlegate Midd legate district oklahoman predicts commercial production soon mr air batchelders Batch Datch elders prediction that will be required within sixty to ninety days is based on the fact that there are three wells that may be expected to come in within that time they are the fallon fallen oil gas big 4 and wheeler oil syndicate following along close behind is the weaver oil company the diamond oil company the consolidated oil and potash company and the strassburg syndicate mr batchelder only spent one day in the field in that short time he saw elout enough 1 to convince him of the 21 great future of the district and he returned to reno to make arrangements to enter the field with a and pipeline supply later he will arrange for the first unit of a refinery the fallon fallen oil gas well is now down over feet the formation is a very hard blue limestone and the sludge water carries a considerable showing of oil at times there is a strong gas pressure discussing the outlook E E nicol secretary of the company said 1 I was out to the companas comp anys well the other day along with mr johnson field manager of the company I 1 was glad that I 1 went out as what I 1 saw and the talk I 1 had with mr johnson dis abused my mind of all the knocks I 1 had heard in san francisco and other places I 1 was impressed with the businesslike business like manner in which they are going about the their 1 r work the question of why did they move feet away from their first well is easily answered well no 2 is drilling right on the apex of the anticline and a depth of about to feet will be saved in drilling to reach the same relative edath as well no 1 it also extends the development of the field by that distance I 1 was well satisfied with the evident gas pressure and the showing of oil that comes up with the water I 1 look for a commercial well within sixty to ninety days several companies are pushing things the wheeler oil syndicate is making a good showing which is increasing with depth the big 4 have had a lot of trouble with lost bits and broken stems the bit is in a very hard formation and drilling is slow it is thought by some that the formation the bit is now in may be the capping to an oil sand J J murtaugh left for sacramento d a few nights ago to sign up a drilling contract he said people may think that we are slow in getting ettin this contract si signed ned the situation has been just this some months ago it was almost impossible to get good drilling outfits to contract now the situation has changed today we have several offers by reliable firms who are now anxious to enter the field who would ont consider it three months ago when this new situation arose I 1 naturally held off in the interest of the stockholders of the ranier oil company I 1 wanted to get the most favorable terms and from the most reliable firm I 1 believe that I 1 have found the right party at the right terms I 1 will close with them J P branley made a quick trip to fallon fallen to look over operations at the weaver oil company he stated that he would also have a rig on the plumas oil companas Comp anys ground sixty days the plumas is directly south and adjoining the weaver ground and oil within a short distance of the fallon gas well no 2 the strassburg syndicate dr drilling illint on the vencil ranch is down feet they are of T drilling with a keystone rig in charge NJ W C dark I 1 ark a veteran driller in the calif calibo Ca lifo ornia and texas fields should they bring 1 in I a well we at this point it will prove the field several seve miles north and west of present activities davis and dunlap of texas have several se drilling contracts under consideration thy have a fine equipment ope operating in the texas field and expect to soon have two standard stan free rigs several columbian Colum bias and two rot rosaries rotaries aries alt contract con to bring to nevada one of the way I 1 fred fre under way is on the e ground of oil north of the F fan allora which is located just gas property their gr oine the fallon fallen pioneer has overe cos the difficulties a and nd are again drilling bit lost lo 10 a soll soli dated oil OH potash company are which detained them a few days awo all feet now drilling at a depth of over |