OCR Text |
Show DEVELI1 SHALE IN ORt DISTRICT Company Formed at Kem-merer, Kem-merer, VVyo., to Extend Oil Production. Sreci.il to The Tribune. OFAL. Wyo.. Feb. The develop ment of the oil shale industry in the i Vontenelle district and surrounding country promises to be one of the most important industries "that has. thus far, been known in the history of this district. dis-trict. A company ha- just been formed, with offices at Kcininerer, Wyo., for the development of this valuable oil shale, and will be kuc.wn as the Fon-tecello Fon-tecello Oil Shal- & Kenning company. According to F. A. Ilebbard. a well-known well-known mining engineer of Nevada, the ccmnanv has vast bodies of high-grade i shale, running from thirty to sixty gallons gal-lons of oil to the ton, which can be worked at a handsome profit. The extraction of od from shale is not new, aud has been carried on in Scotland for the past sixty years. The "Scottish shale iudustrv was started about ISoO. and is flourishing today as never before. The dividends from the Scottish oil shale industry range from S. to 50 per cent, with an average of about 25 per cent. i'mike the deposits of Scotland, which are m irregular beds, ami which have a tendency to fault and to be thrown into the folds, which greatly increases the cost of mining, the Fon-tenelle Fon-tenelle shales are easily mined, and are regular in deposition and are neither faulted nor folded. Scottish shales, as worked, average about twenty-five gallons' of oil per ten. while the Foutenelle shale will average fiftv gallons of oil per ton. From tests 'made at the University of Nevada and by Mr. Hebbard, the Foutenelle oil shale can be cracked, with modern methods, into about ol per cent gasoline, .15 per cent lubricating lubricat-ing oil. and tbe remaining 35 per oent paraf'tin and tar, with from thirty to fifty pouuds of ammonium sulphate to the ton. |