Show Up and Down the Street j j jOil Oil History Shows Doodlebugs Found Some of Largest Fields By Robert W. W Bernick This is not riot an indorsement of doodlebugs or operations of bug- bug men But it is proof of the old saw that tat oil oi or gold is where you find it And it recalls to mind the prophets who a rel relatively short time ago were asserting all al the oil en in Utah Uth went vent down the Colorado Colorado Colo Cob rado river Less than six years ago Assaph Gutowsky a Russian immigrant discovered the te wealthy Vest West Edmond Ed- Ed mond Okla Okia field feld employing ying only a n hunch and the te predictions of It I was wa an area which the I major oil oi companies had reportedly reportedly reportedly report report- edly and declared non non- productive Another nother Field According to The Link publication Carter Oil Co A man tion ton of the thc Oi ma who used a doodlebug generally i a forked stick with wih an a indicator and ad a bottle botte of crude oil oi assured aured Ace there tere was another oil oi field about four miles mies west vest of the old Edmond field feld which had pinched out on the western wester side Ace had ha a healthy skepticism about but he was Interested and ad finally finaly hired 17 bugen to test the area Fourteen Fourteen Fourteen Four Four- teen of them tem reported positive results three tree saying there was no no oil oi Some of them tem even eve predicted formation the productive te He apparently f fig figured I g u r e c d that many couldn't be wrong Through sale of part of the leases he had obtained and with backing of a capitalist who also believed in the philosophy of the Ace Acc got together enough money to drilL Hits His Producer He hit a day barrel producer producer producer pro pro- ducer in March 1943 much to the chagrin chagin of those who frankly stated stated stat stat- ed there couldn't be any oil oi in the West Edmond area area The field feld became the best Hunton Hunton Hun Hun- Ht- Ht ton limestone producer in Oklahoma Oklahoma Okla Okla- homa with only a few dry holes one strangely enough on top of the structure Since that tat day Ace Gutowsky has become a wealthy wealty man with wih a suite of offices in downtown Oklahoma Oklahoma Okla Okla- homa llama City He says you gotta spend money to make money in inthe inthe inthe the oil oi business For a man ma who has ha lost his fortune several times he beleve believes this country is the te only one ene in the world in which anyone can start all al over again agan Doodlebug Staff Staf But for years after his discovery ery ry Act Gutowsky maintained a astaff astaff staff staf of three on onte the te pay roll rol of his exploration organization organization or or- just as a regular oil oi company keeps a group of geologists geologists and ad geophysicists He says he still sti has a to see the te pendulum of the doodlebug swing and even then he is skeptical if the bugman is not willing to put venture some of his hs own money in the te Some of the bugen are all al wet Ace says Even my own staff isn't right all al the time But in the te case of the te West Vest EdI Edmond Ed- Ed I mond field Ace Gutowsky and his staff staf certainly proved the te adage Oil Oi is where you find it Seek Oil Oi Land Oil Oi and Gas Co Friday reportedly was acquiring a block of land on the Moab structure Moab-structure structure extending into the town tow of Moab Grand county Pure Oil Oi Co and Sinclair have leases in the same area aea Report Net Profit Western Wester Air Lines Friday reported reported reported re re- re- re ported a net profit of f for 1948 compared with witha a a loss of for 1947 Included in the years year's years revenues was a retroactive adjustment in mail mai compensation for the period prior to January Januar 1949 The line lne contends an additional still sti is at issue isue in mail mai compensation discussions with the te civil civi aeronautics board Terrell C. C Drinkwater Terel president of W WAL A L reported improvement In the lines lines' earnings was a result of a year two-year regional tion ton during which employment rolls rols were cut 50 and total operating operating oper oper- expenses reduced 21 He said the line lne expected to receive in mail mai compensation com corn during 1949 1919 under new rates which have been approved by CAB W WAL A L has ha repaid approximately of its it in loans from the Reconstruction Finance Corp See Top Producer Equity Oil Oi Co may have hare the biggest producer thus far brought i in on the Ashley Valley Valey field feld according according according ac ac- ac- ac cording to Denver Demer petroleum re re- re ports port They state that tat the Ashley Valley Valley Valley Val Val- ley No 2 SW V NE SE 23 may make as high as barrels a day or 40 barrels of gravity per hour The well vell wel is about feet into the Weber sands deeper than any other oter test in that productive formation for for- ma mation ton J. J L. L Dougan president of Equity Oil Oi Co said the te extension test has ha never been rated over a hour 24 period and that he cannot canot confirm these tese field feld reports report He said however that Ashley Valley Valey No 2 would be a good producer It I was wa announced originally nally as making from to barels a day |