Show i 1 I I BIG BONUS DEMAN LESSENS BOOM I AT MOAB Oil Conditions Declared I IBe Be Be- Favorable but Owners Want Too Much I That there is some som soe Justification atOl for t toi t. t oil oi excitement In Grand county but th the boom is In danger of ot killed kiedis Its is birth bith by the excessive bonus deman dema of ot land owners owner In that district owner that is i t I declaration of D. D H H. 1 preside of th the Gustaveson Oil I te 01 company compa who ho 7 ye e tey returned retted from the th scene of the te I discovery near Moab Mob j It I i. i Is i declared by Mr Yr Gustaveson tb 81 I Ithe the principal cause of the pessimist views voiced by some of the oilmen w wl have visited the district was the nce sly siva bonus demands amounting to high as and an acre for leases a 00 17 He said I that while isi the t. t le t n n. n Q f first U t A C IU le t n n. n Q U A C IU that a barrel well wel had been brou In by the Western Allies Ales company we 1 unjustifiable there was wa reason to b lieve Hove the he well wel might reach that tat pr ducton or even en greater when the sand sand is penetrated to a a greater greter depth As a matter of fact fat the belief was WA e pressed presed by Mr Gustaveson that the dr had not even reached the sand when t toi oil oi was struck and work was stopp pending the casing off of of the water I stated that within thirty mie miles of Mo Moi i i is II an erosion which reveals all al of ot the p ge e eI I logical conditions encountered in the Mo Mowell 10 well el and that this erosion shows t 0 tl presence of ot three or four tour feet of fun flin graphite overlying o a a. few feet of oC fn sha I forming the capping of a strata stat of oil 01 sa sar thirty feet in thickness He lie le declared that it was his opinion th the drill merely penetrated the and that when operations are and the drill dri passes through this J lay and the few feet of ot shale capping capping a re reproducer reproducer reproducer producer will wi be brought In The principal object of oC Mr Gustav Gustavson's Gustavson's Gustv sons son's visit was to complete details f 6 I development operations on about 50 lO lOI I acres of land acquired b by his 1118 com compa pa i r from the Wyoming Consolidated In t tl I Salt Sal Valley Valey field about eight miles mies souI sou soui of oC the railroad at Thompson and on t tway tway U Uway I way to Moab loab and on which a well ell h been sunk sonIc to the depth of about SOO fe fee Work ork on this well ell wel was suspended aft att af I the drill had penetrated fifty feet into I deposit of rock ock salt in the belief th further drilling would be useless useless Developments at the Moab well wel sho she that oil 01 was struck after the drill dri h hf passed through more than a hundred fe Ic of salt A rig now new Js s being shipped 1 I Ithe the Gustav Gustaveson Gustavson son company to the Salt Va Valey Valey ley Icy field and Its Is first firt work will wi be t tI completion of ot the Wyoming Consolidate well wel I The Utah Consolidated also has ha a a r ron ron ron on the way to this field feld to develop hol hoi rings ings just just acquired |