Show petroleum notes the syndicate oil company at fallon fallen nevada has sent its well down to the biggest depth in the state reaching feet into the earth a few days ago C C B maroon margon has resigned as state geologist of wyoming to enter the oil business he will be associated associate a with ex governor robert D carey who with others recently organized the venus oil co to io develop properties in louisiana and texas portland wyoming oil syndicate of portland ore is preparing to resume drilling in its no 1 tecc in the ferris field wyoming which has been shut down for some time with a strong amstrong 6 flow of 9 gas as at feet its no 2 test in the same field is drilling at about feet the diamond drilling machine owned by the longyear company compan 3 of minneapolis used to prospect part of the colo rado ventura oil shale holdings and stored in de beque for two years has been shipped to thompson utah to be used in prospecting for oil de beque oil and shale news one of the best completions reported in the salt creek field in many weeks is that of the E T williams oil co which was drilled in thursday april 12 and reported flowing 1500 bals from a total depth of 2900 feet the location is on sec 22 40 79 and is known at no 25 A inland oil index producers and refiners refinery Re finers corporation started running oil through their 6 in line from tle the lost soldier field to its new new refinery at parco on the union pacific railway near nea r raw tins ins wyo the difficulty in running this oil in the w inter is is ever overcome come largely by the company mixing it with natural gasoline from its well at wertz camp near lost soldier inland oil index roger W powers vice president and general manager of the western nr estern empire petroleum Petrol cum company sinking a test well near coalville Co alville states that the companas comp anys opera i eions are progressing in good shape and that ne figures the objective sands will be reached within the next feet he says that the ohio oil company is encountering no dif faculties to date with its test in the same field 0 vernal express the ute oil company of watson utah an arizona corporation was sold by sheriff richards son wednesday for the sum of judge elias han sen granted a juddi judgment nent for to jacob J koenigsmark of waterloo illinois at the sale mr koenigsmark koenigsmark was represented by attorney G A critchlow of the firm of pierce critchlow and manof salt lake city and the ute oil company by T J davis their manager the net profits of the standard oil company of california for 1922 were or 1031 per cent anthe combined issued capital and book surplus of as of december 31 1922 according to the annual report of the company recently issued the states crude oil produced increased from a daily average of barrels in january 1922 to a daily average of in december 1922 according to the report the earnings for the year after deducting operating and marketing expenses and inventory flosses ll losses were representatives of several large oil companies says the san juan colo review are now in aztec and they are all agreed that the san juan fields will soon make the world if sit up tip and take notice automobiles were parked two deep on aztec s main street last saturday and during the week the street was lined with autos an evidence of the large numbers of people rushing here to secure holdings in advance of the big rush hotels and rooming houses are crowded with outside oil operators and scouts and our local telephone and western union forces are kept busy handling ion long 6 distance 1 calls and telegraphic b messages the oil industry is watching with interest the latest development in diamond drills for oil in the form of FK sullivan diamond drills one has been shipped to the california shell co two to the tampico field and one abroad this machine will bore a 4 inch diameter hole to 5 1000 feet and will set 4 inch casing at feet the FK 11 drill is a development of several years production work in the tampico field where the P 2 machines have been drilling producing oil for the past two years the tu have been forced to greatly increase their shop facilities to meet the demand for diamond arins lor the oil business heber J frost state road agent for san juan county utah is at work on the road from bluff to the san juan river at mexican hat with a crew of fifty men and twenty teams the county commissioners commissioner of san juan county have placed under his direction the expenditure of for this road appropriated last session of the state legislature the most important feature of the building of the road from bluff to the oil fields is the fact that when the improvements are completed and equipment can be taken by truck from thomp sons via moal moab and monticello directly to the sites of the wells keeping the transportation line within the state of utah and doing away with the long haul from the santa fe across the arid desert the road agent states the th e improvement work will be completed within thirty days |