Show petroleum notes before oil came to enrich casper the valuation of taxable property of natrona county wyoming was 3 now it is ohio oil has reduced its dividend with the declaration of a quarterly payment of 25 cents a share payable dec 31 to s tock of record nov 28 in the previous quarter the company paid 50 cents and in the first two quarters of this year 75 cents S A report from mon monticello cicello states that the midwest re 1 fining company has issued an order to stop the sale of crude oil from its wells in the hogback structure in new mexico this is the oil autom automobile obile owners have been purchasing to operate their motors finding it fully as satisfactory as refined gasoline the daily average gross crude oil production of th the united states decreased barrels for the week ending november 17 totaling barrels according to the weekly summary of the american petroleum institute the daily average production east of the rocky mountains was barrels a decrease of california production was barrels an increase of 2600 the ohio oil company drilling at the obrien springs structure a few days since struck a flow of water at a depth of feet it is believed that this water is is coming from the muddy sands this water is being cased off at the present time and as soon as this casing has been landed the hole will be carried to the dakota sands rawlins wyo republican producers refiners refinery Re finers corporation drilling in the northeast corner of nw sec 6 39 78 salt creek field is reported to have drilled through the dakota and lakota sands and found them both dry it has cemented casing with view of going on down to lower horizons present depth is estimated around ft this is important as it would seem to indicate that the lower sands in the salt creek field are not productive over a great area casper oil index the union oil co of california tests on the wellington structure larimer county colorado blew in on the afternoon of the as an enormous gas well making according to the lowest estimates from to cubic feet of gas per day the rock pressure is estimated at 2500 pounds to the square inch and is so strong that the drilling crew and management are unwilling to attempt to put a 1600 lb pressure test gauge on the well for fear it would be blown to pieces field tests now under way at salt creek to determine new basis for prorating pipe line runs shows a decline of ao 70 when compared with the production test for the same purpose held last july says the casper oil index this estimate is based upon the complete test of the first zone in the southern part of salt creek field no comparison of figures can be made with reference to zones in this test as there are 6 zones while in former tests there were only 3 last july the field showed a total potential production of i bals daily should the entire field show an everage decline of 40 it would w mean that the total daily dail y production will be about bals a day however kiis is expected other sections of the field will make a better showing |