Show new oil 0 1 shale plant demonstration is success bucce SS BY CAPT JAS R SlI SMITH ITH the denver contingent returned on yesterdays ter days rio grande express from de beque garfield county with very favorable reports of the demonstration made tuesday last by the ginet retort process at the property of the monarch shale oil company on conn creek some thirteen miles north of de deque beque which is the hub or center of an extensive petroleum territory about prominent citizens from grand junction grand valley and other points in mesa and montrose counties and also a delegation representing denver and rio grande railroad interests attended the demonstration which was conducted by J H ginet inventor of the process with the assistance of A M kivari engineer of the monarch company turning out product in quantity after an expenditure of in developing ve the possibilities of the acres owned by the monarch shale oil company and a further cost of for a single unit of the ginet process a production of from sixty to seventy barrels of shale oil each twenty four hours was measured up in spite of the fact that the plant is not yet complete in its various details such as an improved conveyor for yie crushed shale and a method for pre heating the prepared material when the latter is installed it is predicted that the daily output from this single unit will reach barrels of oil per day three additional ginet retorts have been contracted for and when these are in commission the company expects to ship an average of barrels daily and possibly in excess of that figure to the apex refinery in boulder city where the chief product will be an oil especially adapted to the flotation process for the treatment of precious metal ores crude oil ideall for flotation from tests already made at kokomo kokomos and at points in the san juan region and in salt lake it is concluded that oil from colorado is far superior to all other oils in conne connection action with the flotation method this assures a ready market for the monarch oil at from 18 to 25 per barrel the cost of producing a barrel of crude oil at the plant near debeque is estimated at of which 65 cents is charged against mining the shale 40 cents to crushing and retort 40 cents to transportation and 40 cents to taxes and small overhead charges of an incidental nature the grinding of the shale is done at in blocky mountain news of april 22 the face of the eight foot seam about 2100 feet from the roadway the material being dropped to the retort through a four inch pipe As the capacity of the plant is increased and as various details are improved it is expected to lessen the net cost per barrel of the oil A commodity rate over the denver rio grande from debeque to boulder city already has been arranged tank cars promised within forty days at the utmost tank car shipments of shale oil will be a regular fixture for denver rio grande freight trains thus giving an economical and commercial standing to a new and important colorado resource the reserve held in view by the united states navy department against the time when oil from wells becomes more expensive than at present because of natural depletion the present naval reserve of oil shale territory between grand valley and de beque measures acres recent sales of such lands in this neighbor neighborhood hod to new york and other outside capitalists have been closed at 45 per acre four years ago the average price was to 5 per acre As a result of tuesdays demonstration some fifty acty of the ginet retorts manufactured in this city have been ordered for installation stal lation in the de beque grand valley and neighboring shale oil districts 0 |