Show I TUEOILDEPOSITS Any general review of tho industries present and prospective of Utah would be Incomplete without some reference ref-erence to oU which at the present rate of development seems almost certain to become one of the Important factors In the commerce of the State The year just closed has witnessed unusual Interest activity and even excitement ex-citement on the oil question and the people of the State as well as those of the whole Intermountain section arc enthusiastic over the possibilities of opening up the largest oil fields In the world Local capitalists have Invested their money liberally In development work and the prospects for obtaining a high grade of Illuminating oil and lubrlcat Inr oil founded on the best possible In dications and In many cnues the ac ual oil In limited quantities has brought to the add of local capital some of lhe best experts and strong financial support from nearly every oil field in tho United Stales The oil companies at worlc In the several districts In Utah and the ad Joining States are making rapid progress pro-gress and wells are being bored almost regardless of expense The outside cap ital enlisted In this new work will hasten the development of the fields and have a beneficial Influence on many othcr lines of trade The Casppr Wyoming district has been producing and refining oil for Several years At Lander Wyo many gushers have been plugged and oil from other wells Is going to waste for lack of the necessary transportation facilities Western Wyoming presents a promis ing field for permanct highgrade oIL Several wells In that district have already al-ready struck oil In varyfnij quantities among them being the Fossil Consoli dated and the Wyoming Paraffine companies com-panies In Utah oil hn3 been struck by the San Rafael company the Ulntah company com-pany and the White Star company all operating In different districts In all the above Instances the first all strata have been reached at comparatively com-paratively shallow depths and the first oil has been cased off and the wells are being pushed to lower depths with tho hopo of striking stronger flows In nearly all the districts tho development devel-opment work Is showing good results and promoters are sanguine both as to quantity < and permanence The quality of the oil has already been fully demonstrated by chemical tests As an evidence of the confidence In the future of this new Industry In tho West the Intermountain Oil company alone has acquired tho ownership of 110000 acres of land In western Wyoming Wyo-ming and Is prepared for development work on an almost unlimited scale Ono well Is now underway and several others will be started within a short time Other strong companies are pushing work In the same district Tie woik and results of tho San Ra fael company operating In Emory county Utah have been satisfactory that a contract has just been closed for the boring of a second well The San Juan 011 company operating In San Juan county reports a recent strike of a light pamfilno oil at a depth of 300 feet The oil requires pumping and Is estimated at twenty five barrels per day The UtahColorado Oil company operating ope-rating in the eastern part of the State in tho vicinity of the Dewey Springs reports a strike of oil at a depth of 1C5 feet but no details have been received The Green River district and other districts In the southern part of the State will probably show the most progress pro-gress during the winter months as the climate Is mild and there will be no delay In the work on account of severe weather such as may be experienced In some of the fields further north There is no lack of funds to push the development work that has already been started and the number of rigs already on the fields will bo more than doubled early In the spring Some new companies have been recently organ izedLargo Largo orders are still going East for all kinds of oil well supplies but the amount of such outlays Is small In comparison with the capital tlmtis coming Into Utah nnd western Wyo ming for Investment In oil lands and oil clocks Where Investors have failed to secure exceptionally choice oil lands they have bought stock In some of the most promising companies and are sat isfied to await the results of further development work Initial steps have already been taken toward the organization of an oil exchange ex-change and a meeting will be held early in the month to perfect the or ganization and to take the necessary action for securing a hall for the busi ness of the exchange The promoters of the exchange have the hearty support of some of the managers of large oil companies and are confident that a good business will be transacted in oil certificates as soon as the exchange is opened It Is not the intention of this article to go into details on oil development as The Tribune a J short time ago col lected and published In its Issue of De cember 1st all the available informa tion on this subject The Information was obtained at a considerable finan cia outlay and has been published In pamphlet form and can be furnished upon application to The Tribune office The pamphlet contains the Opinions of several wellknown oil experts treats of formations quality of oil gives a directory of all the oil companies and contains other valuable Information re lating < to the oil Industry |