Show r i Y JOil J J 6 r Oil Situation Situation Is s Satisfactory By Ira C. C Tichenor ic enor- enor Positive information that several of the Standard Oil Subsidiaries have bought leases on patented lands on the Huntington iMme is considered by oilmen generally as absolute proof that oil aleast to some extent was developed in the Ohio well at l least ast two or or three weeks ago 2 It is known for a certainty too that negotiations are in in gress by several big companies for additional acreage within a aramus radius ramus of several miles from the Ohio well and that prices more double those quoted a month ago are being paid f for r what are c considered choice holdings 2 In one instance it is known that one company a few days flays ago agoR R a lease on op a acre tract at more than three times the thedr amount dr the same company refused to pay for the same piece of property about six weeks ago IJ These facts now generally known are considered ample proof that the Ohio company has proven the field at least in a manner satisfactory to itself and other Standard Oil subsidiaries jj 3 It is also known as stated several days ago that geologists in inthe inthe inthe the employ of some of the same big companies are now engaged in m making king an exhaustive study of conditions in all the country lying Adjacent to Huntington Price the Franham dom dome and in the direction of Green River which is considered to mean that the developments on the Huntington dome justify the belief that much mucho o the territory mentioned is prospective oil land I The results of drilling operations at Caineville and Circle Cliffs I are are reported to be equally as satisfactory as those at Huntington I with the result that the big companies are adding to their holdings m ii those districts i In the meantime arrangements are progressing for the extension o of development operations throughout the various fields extending lr from m Uinta basin into San Juan county iI i I |