Salt Lake Tribune | 1901-08-28 | Page 5 | Wyoming Oil Outlook

I WYOMING OIL OUTLOOK I Report of Present Conditions as Seen by Matt Dougherty I Matt Dougherty arrived last night I from Evanston and Is at tho Cullen I I lie Is moving his residence to Salt I Lake City Where he says he Is pleased to become a citizen although the residence resi-dence of many years at Sidney makes him loth to leave Nebraska Ills I family will arrive here next week Mr Dougherty said last night on the I Wyoming oil fields The interest m I the fields Is Increasing on tho outside i aqd there Is a great deal of Increase locally The second well of the Wyoming Wyo-ming Oil company now down COO feet has run through ten feet of fine oil sand the drill is In blue shale similar to the shalo struck In the Union Pacific Pa-cific tunnel and when this shale is I penetrated a second stratum of oil will be found The Piedmont company has erected a derrick and gone to work drilling and the Columbia company is also I ready operation California parties are making a deal for part of section I 33 near Hllllard Wyo and on section 23 the outcropping of oil sand has been discovered with oil dripping from It I The outcropplngs and discoveries made Indicate a large area of oil belt In Ulnta county and the discovery of the Wyoming companys second well will necessitate refineries Tho Western office of the Spring Valley Oil and Pipe Line company will be opened In Salt Lake shortly I will be the manager man-ager with headquarters Inthis city and Evanston and R G Flndley of Cleveland will also come to Salt Lake Refineries will be built at Evanston and Salt Lake In a year