Salt Lake Telegram | 1950-01-20 | Page 25 | Oil Firm Eyes Dakota Area

IL I t lr lI I J f f 0 Ic c F 4 r r i Wr 4 e 1 I Tribune Telegram Photo White Photo Whits I Negotiate Drilling of NeW Wells I 1 r Morgan Sr left E. E E. E front conF con con- F ml ul T. T Walton and Gene Geno B. B Caperton rear In Salt Salt Lake Lako o Cit City I Friday rIda talk over o pos possible plans plan I I to drill f several e oil wells ells near Rapid City S. S 1 D. D Oil Firm Eyes Dakota Area Negotiations for the oil development development develop elop ment of an m area arca near Rapid City S S. D D. during during- the thc coming coming- year were cre in process s Friday in Salt Lake City between Salt Lake and Ca Casper per Wyo oil interests N. N G. G Morgan organ Sr and Paul T. T Walton alton Walton Morgan Oil on Co and E. E E. E geologist and Gene B B. Caperton petroleum engineer engineer engi engi- neer Morton Oil on Co Casper discussed discussed discussed dis dis- dis- dis cussed contemplated plans to drillie drill five i to eight wells in the area in 1950 Mr r. r Walton alton who ho has made a geological survey suncy of the area said possibilities of oil production there appear to be very good The structure structure structure ture of the approximately acres acre he aid is similar to that of the Mush Creek Creck and Fiddler Creek fields on the west side of the Black hills in the Powder River basin Mr was a pioneer in development of the Mush Creek field Acreage in the area has been assembled by br the Morgan Morgan- Walton Morgan Valton interests and the program of development development development de de- de- de has been planned by the Morton company