Salt Lake Telegram | 1926-09-07 | Page 10 | Shafer Family Oil Royalties

1 Shafer Family Oil The Shafer family of Moab where the th discovery well weli on the Cane Creek ture came caine in December 0 8 1925 1025 has divided the royalties reserved for the the- family on the three principal structures and placed all In a company to better handle them The Shafer family holds the original permits on these three structures Drilling contracts have been let and the actual drilling Is under the tha- Midwest Refining company The permits permit are located on the Cane Creek Shafer and Lockhart structures and were contracted to Jones Sc AItken oil operators of Denver Cob Colo who In in- in turn assigned them to the Midwest god and Utah Southern companies All of the permits the Hie royalty Interests Inter inter- eMs ests of which have been assigned to the corporation known as as- the Shafer Oil and Royalty company are in good standing and under contract to be drilled by major oil companies The discovery f well is 04 now being cased before being drilled Int a second oil sand and the tha test on the Shafer dome Is approaching the first oil horizon encountered on tile the Cane Creek dome soil and a third test tet la is being on the Ibe Lockhart dome 2000 feet from the John L. L Shafer well veli I. I