Salt Lake Tribune | 1918-03-10 | Page 43 | Sees Big Boom in Kemmerer District

I SEES BIG 1001 IN 'EflWISlCT Claude Hamilton Tells of Activities There Upon His Return Home. "Kommeror is duo for one of the hi.'jest oil booms Unit Wyoming hits ever soon," iloohuod Oliuulo Hamilton, j.rosiilent of t ho Keinmerer Pry Piney Oil & Refining company, and heavily interested with Dr. Frauds J. 3nss in the Polnria Petroleum company, upon )i3 rot urn to Salt. Lake after an extended extend-ed visit to the holdings of the companies com-panies with which ho is'ideutified. "The Fossil field, which is located . about ten miles west of Kemmcrer, is row producing a high-grado oil and rigs are being erected almost daily by ! companies which have lately entered the district. There, are now in the Pos- sil field six producing wells and twelve, v yoro rigs are drilling. The latest well brought in is on the property of the Wood Oil & Development company, j where the second sands were penetrated i nt a depth of 5(30 fect and I am in-i in-i formed on good authority that the pro-1 pro-1 ' duet ion amounts to approximately twen- fv barrels a day. ' "In the Big Piney district the Polaris Po-laris Petroleum company has let seven contracts for drilling wells with standard stand-ard rigs, which will be erected as soon as weather conditions permit. The Polaris Po-laris controls 32,000 acres of the oil land in Lincoln county and is the largest larg-est holding company in the state. Weather conditions will very soon permit per-mit of the transportation of machinery, lumber, casing and other materials arid big preparations are now being made in Kennnerer for the spring rush. Every geologist with whom I have talked is t enthusiastic over the future of the Big j Piney district and certainly when there ! is such a unanimous opinion among oil j experts as to the future of anv section 9 it is only reasonable to expect that it !j j will have a good production. i ! "I was authoritatively informed be-i be-i J fore leaving Kemmerer that the well of j ; the Cretaceous company, of which jj Charles Lackey is general manager and J which has recently been in litigation, I , will be shot during the month. This 1 event is awaited with great interest by eery oil man on I he ground as well as concerns throughout the country that Have become interested in the f.ineoln comity Holds. Should the Cretaceous we I prove to be a good producer, it will further stimulate, interest." .1. Parker Thompson, who was one of the pioneers iu the district, returned I mm Kcninioror with Mr. Hamilton. Mr Ihouipson has recently visited New lork, Washington and other eastern cities in the interest of the Lincoln county iields. lie says there is a keen interest exhibited in oil throughout the east. "The largo amount of money made by the sugar planters on the Cuba and other West India islands has given them much money to invest and many of them are turning to the oils of Wyoming as an outlet for their surplus funds," Mr. Thompson said. He also declared that small investors generally in the eastern cities were more and more turning to the oils for investment on account of the great rise in the price ol petroleum as well as the hugo profits prof-its made from investments in the stock of good companies.