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Show EN OIL COMPANY" WILL BffEf! WEST Mammoth Merger of Independent Inde-pendent Organizations Announced. UTAHNS INTERESTED Holdings Embrace 20,000 Acres in Six Producing States. 'Hi.lL a iu-w irHlfpi'in-U-iit oil romp.my. with Htporiff finam-.iiil hacking, ' to en' l-r llio w;tprn fl--ld.s jiikI conduct operations oper-ations on a nuuiinioih sralw in Indicated in tlie annnun' nifMit. yrsUTday hy Rog.-r V . l'nwprH, of thft law firm of Powers & hi tor, of the orRaiil.iil.ioii of a 000,000 corporation, to ni- known ns the United W-wterii CoiiHollhiU;l Oil company. Included in tho consolidation are the Tuinlftp CHI company, thft Cheney -.SllraHon Oil company, I ho United Wet-tern Oil company, th West Slatna Wtroleum roiniiany, the West Virginia. Syndicate i:n-l the Wilkes brothers' holdings, em-hrarj-ip a total of approximately 0,0'0 Ten in tho oil fieMH of California, Wyoming, Wyo-ming, Kiinsns, Texas, Pennsylvania and yVeat VlrKinla. I Capitalists Interested. The incn-KiM' Is to he headed by Alfred O. Wilkes of Kan Kra ne ik.-o, one of the htKtfest Independent opern.torH on thts Pa- , c.ltic coast.. Associated with him, be-stdMS be-stdMS many eapiwi lists of tiie Pacific ; coftst nd of Utah, are a number of financier. of Honolulu and of the enst, junoiiK" whom are mentioned William; W'Hllaco Alien of tho International Nickel; company f nd Km m Davies, one of the pM-Hoiml nprenent a-llveN of the late Cecil Khudew. The firm of 1'owern & Hlter f fJnIt bake and J. W. Horsey of Sun Krancisco are counsel for the ni'.TKpr and aside led in the consolidation, Mr. Powers having devoted practically all his time him-e last spring to perfecting the organization. or-ganization. Thft Consolidated comppjiy is capital-lr,.d capital-lr,.d for ?;i,iKof0m, dividtitl Into tiOo.uoo, vtih ii piir value of jr each, nnd In reported re-ported to be fully financed without drawing draw-ing on the revenue already be.tngr re- j ceiveil from producing wells. At present : It owns thirty woIIk in the California fields, which are producing an avrn , of 2X.O00 ImrrHs of oil monthly, besides ; one M-eU which Ih upon I i up 1,100,000 cu- j hie foot of giis every twenty-four hours. ! Four new wcIIh n.re. beinfr driven in , California, and ono in Wyoming and the lilans for the ensuinj? year c-nn template . the drilling of thirty-nino more. ; Holdings Announced. The propertlea Included in the holding's , are HO acres in the Midway field, eighty , acres In the McKlttrh k field, laa acres ! in thoA Santa Maria field and 2uo acres t In the C'Msmalia field, all in California; I SOO acres in the Lost Soldier fluid, UuO acres in tlie Klk .Mountain field, HmO 1 lu-.res in n field adjoining Capper, 610 j crea in the Medicine How field, all in ; Wyoming, and approxlmn tely S00i) acres : ln Pennsylvania and West Virginia fields, j i and negot hit Ions are under way for a ' large tract In Big Muddy field. Wyo. I All the properl ies In California are In proven fields and the wells now producing produc-ing were driven by the company. Taking -th-- figures gained in tho drilling of the welts a a basis, with the wells contem- plated, it 1? estimated that tho Caitfor-i Caitfor-i ila properties alone are capable of pro-i pro-i flucing IO6.OO0 barrels of crude oil monthly, month-ly, giving gross receipts at present prices 1 M $IOtJ,;uO and net receipts aggregating uhnut ?SS,000 a. month. In the McKIttrick field the wells of the company had boon driven to a depth of ' about. 1000 fefit when crude oil was 1 struck. The Standard Oil company, op-rnxting op-rnxting on adjacent lajui.s, drove one of its wells 1 200 feet to 3200 during the ' summer and struck all of 40 per cent gravity. Fields Productive. The Consolidated owns one well In the j Santa Maria district which is producing c.rtOO barrels of oil a month. The Santa ; Maria field is comparatively new. On j property controlled by the Stendell Oil company and adjoining the holdings of j the Consolidated a well was brought In j lust week and the oil shot eighty feet ; above the top of tho derrick. It is esti- j mated that the well will produce 1000 barrels of oil daily. In the Casnmlia district the Consoli- i o'-Ued has ofie woll which officials of the enmpanv believe glvew promlsa of big ! production, When It was down S00 feet j gas was encountered. The original flow J was TOi'O cubic feot a day, but gradually 1 u -creased until it reached a maximum of i 1.1'ta.(io' every twenty-four hours. On j count of the density of the gas it was ! Impossible to carry on further drilling i . operations. Two gas helmets, similar to those used by the troops in Europe were obtained from San Francisco, but the two men who attempted to use them were sent to the hospital. This was about two weelss ago, and yesterday Mr. .Powers received a telegram from Mr. Wilkes announcing that the gas was under un-der control a nd that drilling operations had been resumed. The Casmalia property has been inspected in-spected by C-eorgo A. Stadler. considered one of the ablest ge-ologists in the coun- i tr', and h ha.- exprsi-d th optMn that th plH.;ti.-ti f;f the t o. mw.' flow I of n.tfl Is an niniot. 'jri 1 r i i'.t ' ion t t a v :hi oil hupi-lv will hh t : - r ; ' r 1 wir'nin : 3. f-v-' hundred l- ft. Tn hz te!.-?:-r,.m ;----t..-rd.'f v Mr. Wiik'-i fluid rhar rn'irk'd sh'Aii'L' of oil 1 id l-n mi. nnr.ir-rcd m f.hf wf-lt sit:- f drillii'g oic'rar lo-us had b.-'-n r.-suni-d. Jn this property, it ta a:--rt'd, ttM-r- ii ample ro'jm for at lcarft I'M; nifjrn w-)!h. In the I.osi Soldier field tho officials of th.i eofnp:i.ny a.-.s.-rt thrt.f. they i'f ve holditiif-R which cov-r the choicer, lota-t lota-t ioii.s of the ''it I re come. ''trie w:!l Ji.ls len started but work brt b.-.-n hu.-pend-efl temporarily, awaltlnx tit- arrival of supplb-:, and robably will not be re-suni'-d until spring. The Funk weli, re- -1 1 1 1 v broustht iti in the Lost Soldier ti--li, Is r b". It v.as brougtit in from unidentified sun-N and sold toe dny oil vhm struck for $:500,0'. It is reported re-ported thftt the M!dw-t ;.rA Honte of thrj other big oil roncernrt fdan ttio con-t con-t ru-'t Ion of a pipe li no. from the Lost Soldier field to the refinery a r. Casper or lo Home railroad point as nui'-kly as material ma-terial and labor can obiaimju. Season's Plans. The C'onfOlbhi t'-d considers the Klk Mo ii fi tain ono of t.'ne most. promiMng fiebl.v in ', nming and pi' ns i-xtensi v drilling operations tlu-re dining Uie coming com-ing tv a.son. For Hie tune being, nt.Wi.it., lit t le w ork is con t.-m pla r .. d In 1 he Penn-avlvauia, Penn-avlvauia, Kansas, West Virginia and Texas fields. Practically all holdings are In proven tr'rritoT, but until t lie western west-ern truct.s a re developed bit le work Is planned for eastern territories. Some of the properties ha ve been exa mined by three or four geologists of note, and a!l reports are said to have, been of an ex- . tremely favorablo chaiTLcter. i |
