Salt Lake Telegram | 1919-11-25 | Page 16 | Price of Oil in Wyoming is up 25 Cents

PRICE OF OL OIL I WYOMING IS UP 25 CENTS Increase Is I Announced by hy Midwest Largest Buyer i of Crude in State 1 The Midwest Refining company t th tl largest buyer buer of or crude crudo oil nil ni m in I Wyoming has ha announced that effective at ond one once the price of or light crude produced in ai al althe the fields In the tte state would b be advanced 25 cents a barrel The increase does nd not no apply to the heavy oils ois of the Landet and other fields 1 WAh this tills increase the new posted prices are Grass Glass Creek and Elk Basin per barrel Lance Creek 2 20 05 Salt Sail Creek Rock Creek Crek lug Big Bg Muddy and Pilot Butte This IH it II the highest point Piot that Wyoming crude crudo has haa ever attained Under the now prices the producers producer 01 of Wyoming will wi receive an Increase based upon present yield of 1075 a day and owners of or royalties will wi likewise benefit benefi proportionately To the state of ot Wyoming Wyoming Wyo Wyo- ming which has been receiving about a month month from one lease on nn th tM Salt Creek field feld the now new lew ra rates tes will wi bring brint an added revenue of or about a month Tho Big Muddy Held field feld which in is II more moro month than tha 75 per cent owned by the state university sit sity siy will wi earn several hundred dollars doltan rOllf more a 0 day for the purposes of l high gh edu edu cation i The Tho larger part of or the tile inere Increase p will wi g go to the producing com companies pan I aid alli u i leas lease owners who are operating on 01 i percent percenti age basis Many of theO romp om s. s and especially those which haw have a i limited amount of productive will wi b bt placed upon their foot feet by the Iw The advance whIch was I ed b Henry M. M l. l Blackmer president of th the j Midwest Refining company vu WUI Imme concurred in itt by the Ohio t oil ti II com corn company pany the second largest pr an anc buyer of ot Wyoming crude crud crud It II follows t thi advance made In the tile MId nt r re ro glon gion by the Sinclair and corona which set the crude from front those comp drs at a a. new high mark marlc of 42 20 ro 10 po POlte tc price All these thee advances ar are arc ba sd the shortage of ot crude production in th Ut country count In spite of or the tite y heu increases increase from new fe fields J I