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Show NEW MIDWAY FIELD WELL FLOW IS GOOD Montana-Wyoming Property Prospects Are Excellent, Secretary Says. "Our No. 2 well on our California holding- is now on the beam and the production produc-tion is astonishing when the fact is considered con-sidered that we are short 70-1 fet of tubing from reaching the oil sands." said -A . R. Corsten-n. secretary treasurer of t'-e Montana-Wyoming Oil company, who yesterday returned from a three weeks' ;-tay in the great Midway field in California, Cali-fornia, where the company has a tract of oil property. Continuing Mr. Carptensen paid: "When The oil sard was entered ton days ago there was a big gas showing whfrh has p readily increased. The wed wan immediately imme-diately filled with water to hold down ;:e gas and drilling carried on carefully that blowouts might be overcome. With the completion of the well on Thursday last, and the installation of the tubing, although it failed to reach within 70') fee: of the bottom, the bobbing of the b.am brought fonh a prod net Ion that was a. surprise to us ail. "Could v. e e-t tuning ih flow would be greatly increased, but a it is we have to be very careful. Perhaps never in the history of the oil industry ba,n there ben so mur-ii difficulty in procuring -ing for the weiis. We are promised delivery at stipulated dares and when that date arrives, why. w are a.kM for n-rt extension of tim a a th mills cannot met the demand. Thu retards not only development of our propertv but every o'hT oil company is in the same "boat. The result is a deplt'd production on aii f :e;dp. "While T was In the field I sold for the company 1 2'"0 barrels of oil and we h-'tve a rtonure etok both in Uke und n tank, but this we are holding, due to market 'ondifion. "Our No. 2 well, whirh now on the bea m, will have its prod j ft ion g en by the s'ate in accord with the law at an eurly date. The stream hat is now flowing flow-ing is a bir one and there U no reason that this flow will not continue. "I am confident that our property, will rmk alongside of ot her bi producers )jt as soon a we are able to pink more !!.(. Ah it Is now, w have no reason o be diNcouratred, but rarher our outlook among the best in the Midway field." |