Show petroleum notes according to advices advises from calgary alb canada alberta refineries limited expects to build a plant at edmonton to refine kevin sunburst crude oil the company is capitalized at B A bowers geologist for continental oil who spent two weeks in the district inspecting the standard shale products company holdings left saturday for denver by way of the junction he probably will return to make a longer stay in a short time says the debeque news of the the transcontinental oil company is reported to have run into a gas pocket in its deep test in the labarge field near the lincoln sublette county boundary various estimates of the open flow run all the way from to cu ft As the well is only feet deep gas will be mudded budded off and test drilled deeper location of test is in sec 9 26 casper oil index G G phillips denver colo will spud in a test about eight miles northwest of vernal in the uintah basin it is reported mr phillips has tied up about acres of land in the vernal district his test will start below the present sand from where the utah oil refining is getting its cubic feet of gas on the ashley valley structure the surface being that much lower it is is stated the los angeles times says that all stock i of the pacific petroleum corporation whose properties in y the los angeles basin average about barrels per month in production has been purchased by the united oil company for a consideration in excess of ownership of the pacific petroleum was vested in a comparatively small group of men including william wrigley jr the gum glim manufacturer and samuel sa muel blythe the bhe writer washington dispatch fifty leaders in the oil industry have been asked by the presidents oil conservation board tor for letters and views concerning possible substitutes substitute tor for domestic well oil and products now derived the board which secretary work heads has been advised by government experts that an average of gallons of gasoline are being used daily in the united states the ine experts report stated that this country was the largest producer and largest consumer of petroleum with rapidly diminishing mini shing resources on the night of the after being able to drill about five anve feet in the loose sands of the mceldo amo formation a new Uta utah hOil ellke refining refilling vernal well of the gasser was struck at the company which was three times greater than that mat feet fee already flowing estimated at about cubic per day or three times more than i is s used by the city ot of denver the rush of chegas the gas was theard heard by geo logiste ledinko work into hur hurled ing on the mountain north of vernal rocks are the air past the crown of the derrick and more thana ia wagon to load ad is now lying on the ground great crow crowds 0 daily visit at the well where shouting cannot be heard when anywhere near the rushing gas stockholders of the gustaveson oil company at a recent special meeting voted to change the name of the company to the diamond oil company to increase the capitalization from to to reduce the number of shares of stock from shares to shares making the stock capitalization of the diamond oil company dividend into equal shares having a par value of 25 cents one million shares of the new stock will be distributed to the old stockholders of whom representing shares were present at the special meeting at which dr john T white president of the company presided the million shares remaining in the treasury will be utilized for development of the companas comp anys large acreage |