Show late developments in in in the moab oil field florner ol orner riser oil compan articles one of the first companies to be organized following the rodent oil on the bie brg six dome near moab loab is the Co Colo lorier nver oil corn com pany party articles of incorporation of which were mere filed this week mth with bounty county clerk 11 II IN balsley the company has acreage on the colo ado rado nver structures in addition to ex tensie holdings in other fields of southeastern out heastern utah the in corpor tora are 11 L rath pr aident NI P smith vice president knox patterson secretary treasurer and dr I 1 W alien allen and J T learning leaming directors the company is 19 in corpor abed for five fie million shares wit with a par value of 10 cents each tb the in corp orators retain 1500 shares as promotion stock for which they will pay in addition to transferring to the company its lease holdings the holdings of the company consist of leases aggregating about 1200 acres on the marland structure south of green river a I river bed base of acres on the colorado nver river commencing at moab and extending down stream a nver river bid bd lease of acre acres on the big six dome a nver bed lease of 2 acres on the shafer structure and one permit of ZW 2560 acres on the big bend structure some eight miles above moab on the colorado river tiati ons are now being completed for acreage on the lockhart structures which will also bo be transferred to the company all of the company holding holdings on the colorado river structures below moab consie river bed lands leas ed from the state and plans are now being perfected for drilling operations erat ions it is intended to ship in a no 30 star machine within sixty days for studding spud ding in a well on the bg six dome near the midwest utah southern w will 11 according to officials of the company the well ell will 11 be nut put down under contract the river bed leae leake holdings consist of all land lying be between teen the extreme high water marks on each side of the emr and it is intended to spud in wells A ells on the bank banks of the nver river below the figh water mark building up the location site to protect it from high waters we wells 11 a will also probably be drilled by sinking piling in the river constructing platforms on the P piling and setting the rigs rigg and equipment 0 on n the the nver mer bed land w wire re acquired fram the state u d r lease fhe state ol 01 utah under thi enabling ait act claires title to all land in the tate lying iving under water the officials of the Co colonger Colo lorner nver corn cam pany pan are not prepared at this time to m ike ke public ail all of their plans for de developing eloping their holdings but state that ari art now pend ing with some of af the large corn cam panics parties for an active campaign of development work ilig big six stock climbing stock of the big six oil company compan is now sellin selling at around 40 cents per share the company co nipan is offering a block of 10 shar s of its treasure treasur stock at 40 and most of this offering ferins of has already been subscribed by present stockholders this will probably be thu the last offering of treasury stock to be made niad by the bi big six officials declare moab on the air moab loab radio fans fars had the privilege of listening in friday night tn a lp lecture on their own home town john C howard president of the utah oil refining company a talk about christmas gift the newly discovered oil well near aboab to the audience mr ll howards address completely covered the history and significance of the nab discovery and predicted great reat things for southeastern utah as a result bf the oil strike several mo ato ab radio ralio fans picken jp ip the address and were interested li listeners i stock haa Se Sent national ional advance the stock of the utah southern oil company which owns ons an inter est in the di discovery covery well on the bit big SIT six dome has had ft a ge sen national ad vance duang the past several weeks before the well came in the stock was nas trading at par aich chich 1 is 1 per share hare it it is today listed at 8 with only a limited amount of stock offered at that price thus it ha increased indrea ted over per cent in the space of three weeks and will mill doubtless ts KO go much higher with aith the jec completion of the well all records smashed applications for oil and gas pros pecking permits in the moab region broke all salt lake land off offee ce re cords monday ahen permit permits mere asked aked covering coveri nr over acne of land the total number of permits applied for was forty ox cony corn pared with ith tent two tio the previous record for f or a single day da of the forty six nix ill 11 I 1 aio 1110 s I 1 I 1 I 1 th it MX ix wire tre N dent i mi mm n nil kil I 1 ut two to asking I 1 r r rifles irk ta in n the maxi maxi allowed to mih tach peidon 2660 2560 mm fht it liuni tild is in san luan juan et c anty dire direll ti south of the john I 1 shafer no i 1 well mell on the hig big six dome dorne alt all land in every direction front rum fint utah gusher has hats now been filid fild on ac cording to land office records the mAjor majority ltv of the films filin xii hon however ever following ol lowing in a gentral direction the south fl ra I 1 urse ure of th colorado river rier applicants hae sixt aia daa da after filings of their applications in which to visit the aroun arouni establish corners and post notice notices several him bun dred applications for land in the vicinity of mo ib havi been filed since th well ell came in on I 1 camber 8 ani aril won scon after first A f the bear ear thre re will aill probably pro bibly be a rush ruth to moab or the purpose sc of campli ing mth kith the provisions of thi lea leas ing in act oil stocks artive en Fich exchange arige salt lake tribune interest in utah oil prospect prospects and indications of a pronounced boom for this type of securities are so strong that officials of the salt lake stock mining exchange are planning to call unlisted oil stocks regularly with listed mining and industrial anies i In inquiries Inqui nen from all parts of the country have been received by salt lake brokers tince the of a rusher gusher near moab by hp the mid west utah southern utan oil re f fining and a associated companies daily calling of oil stocks with a cation of daily quotations ac ae coring cord to president 11 W dixon will do much to eliminate confusion and 1 aid in eliminating much of the scalping scalp mi which pt i liable to flour ish during a boom yesterday lest erday the ashley valley oil the 11 x six the equity the cres cent fagle utah southern utah oil refining company were called al though these tocks have not been bee n listed they will ill be called dail daily for time being in response to crowing growing interest of the public BIZ B six y esterday adan cef to a gain of more than ten points in one da this compani compart owns an eighty acre effect offset to the midwest utah southern well on the cane crek or big six dome in addition to valuable oi 01 th the e latter and other structures utah oil re ienir was aas bid 11 bl TO utah southern and mountain stat stilt petroleum 25 texan flat fisted ed earl vandale of Arn amanela Aman arilla lla texas a prominent oil man of the texas fields as a in iada the lut last of the ek mr av vandale is a stock stockholder bolder in the utah southern oil compan c and nl while here he mt mit ml 1 I the ell on the big six dume he lie is i elated over oer the ct acts and looks for on it hue huge scale to trans transpire pre in moab and vicin alty ity in the immediate future mr X r vandale wal a accompanied b hie his wife fe and son and the motored aiom texas by way ay of the aado naano trail mirland marland geologist Geo loRist here glen H kub chief geologist Re of the marland I 1 oil company aas 4 as a motor mitor in moab sunday n mr ruby had just completed a hard trip in the ae desert country countr west of moab where he spent everal several da das a on vork mork lie went i down doan the green river tiber in a boat for a distance dia tance of about thirty miles and jack murphy of vas 3 met there ly ity moab with horse horses and a pack out fit the came across country to moab spending ape several das da on the va mr air ruby has ha dolp a great deal f ecological geological work mark in th coun try aing contiguous to the colo badri rad and green river rivers and last priar spring made the rier trip from green river to at aich time he aas stranded for ane days near the mouth of the green when his boat burned up ta tie e marland Blitt land company ia is engaged in drilling a well on the Sl Di arland structure ort oil the green river four niile south of elgin in thia this county the well now being about 1500 feet in depth the company is also for on the 1 Col colorado arado river |