Salt Lake Telegram | 1902-02-06 | Page 6 | Colorado Oil Fever

COLORADO OIL FEVER Capitalists Will Wil Next Develop Develop De De- the Fountain Valley Val Val Valley ley Territory COLORADO SPRINGS Colo Cob Feb 5 Colorado Springs capitalists after starting th oil on boom at Boulder De Dc DeBeque DeD D B Beque que and thc other Colorado points point will wi develop the Mountain valley valey territory which includes oil oi lands southwest of Colorado Springs The valley valey proper extends from this city to Pueblo and contains a large laige area W. W S. S Stratton Straton has been sinking a well wel ten mies miles south I of Colorado Sm s. s near the Denver n Rio flIt Grande station known mown as Foun Foun- Foun tal taut tain His prospects a few months ago led to leases and entries which took up the entire entre valley valey Indifferent success has been attained since still sti development development development develop develop- ment work has not been pushed Drills Dris are now to be sent down in numerous parts arts of or the area Drilling continues at Bijou Bijon Blou basing twenty wenty miles mies southwest of the city with encouraging Indications A second drilling outfit has been planted not far from the Portland well wel a mile southwest of town Work Vork will wi begin legin at once and wells wels will wi be sunk throughout that region The Grand Valley Valey Oil Oi the Elaine Blame Baine OH on and Gas and the Grand Valley Valey Petroleum Petroleum Petro- Petro leum eum and Gas companies have just been been organized in Colorado Springs to operate operate ope- ope rate ate at De Dc Beque Colorado Springs capitalists cap- cap control the situation at De Dc DeBeque DeBeque Beque as at Boulder The question queston of ot listing oil 01 stocks on the he Colorado Springs mining exchange exchanges is s being agitated Members of the exchange exchange ex- ex change hange are divided The oil oi excitement excitements is s so high here at present that gold stocks locks are selling much below their value as based on production and divi divi- The Grand Valley Valey Petroleum and Gas company headed by Lewis Gaylord of Colorado Springs has acquired acres of oil 01 land near De Do Beque This is s the largest acreage secured so far by any company in that field feld An analysis shows that De Dc Beque petroleum pe pe- yields 56 per cent illuminating oil oi 41 4 lubricating oil oi and 2 per cent coke and residuum This is the highest high ligh- est grade rade oil oi yet in Colo Cob rado