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Show IBS II STRiKEGUSIIER t Despite Cold Weather, Oil Operations Continue; Several Sev-eral Wells Developed. Tho Ohio company brought in another r;0'"!0-ha.rr..d producer last week, accoruing to the Wyoming S .alo Tribune, in the ! s;imo section as No. which v,ay brought j in ad tho large sL producer in the l'ieki I and with the wme productiuit us the i Lanco creek field. Thu new well u; So. ' 1, on the north hnfi of the souihwesi ' quarter, section 4-33-6C, and is a hali mile south of the weil brought in yester-ua yester-ua y. This new well dovc-loped ia the largest in Wvominir in the lat five years wit a the exception of 01:0 Salt creek well oi' 1". 000 last year. The new well is making I barrels an hour by actual mat-ure-i meiit. making It a COO-'-barrel proaucer. j The oil was found in. the muddy sand nbout Stiuo feet, a litrle deeper than the y.o. 2 well. The :ew York company I owns a royalty interest in lvjth wells, and ! tho Royalty and Producers own a ai.x-tter.tli ai.x-tter.tli in both. -alt creek. "yomfnff, with the completion comple-tion of an sOOO-barrel gusher on section LC. justly claims rivalry viln the Texas and Louisiana fie'ds. in tnite of the claims for supremacy made for tne southern districts. The new pusher, which in midv.eek was permitted to flow in full force, registered reg-istered production in twenty-four hours of S000 barrels. - The well is still yielding 1 in excess of 4000 barrels a day. The Wvoming Associated Oil corporation, controlled by tlie Salt Lake Producers association, owns the leasehold, with the Verner Z. Heed estate the only other stockholder. A 5 per cent interest in the lease is owned by tho Consolidated Royalty Roy-alty company. As with the first well, the new gusher is producing from tho second Wall Street sand. The heaviest oil producing company com-pany operating the lease will, it Is expected, ex-pected, curtail production for the present, owing to lack of pipe line facilities. The well is on patented land and it is therefore possible to accept all production as soon as it can be moved. Well No. 1 of the Producers' Petroleum corporation at Hamilton dome, which was reported two weeks ago as having broken i louse, is pro vi npr difficult to control. About every twelve hours, with approximate ap-proximate regularity, it spouts high in the air, and the rest of the time flows in a steady stream that is estimated at 100 barrels per day. This spouting tendency ten-dency makes it somewhat difficult to control, con-trol, but the company expects to be able to stop the waste, soon. Lack of tankage prevents the saving of the oil, so the need of stopping the flow is quite pressing. At a meeting- of the board of directors of the Producers & Refiners' corporation, held at Denver onj Saturday, a regular dividend of 50 cents per share was declared de-clared upon the common stock, payable in quarterly installments of 12 s cents per share, the first of such distributions to be made on Feoruary 1, 1920, to stock of record December 31, 1919. |