Show THE OIL LAND OF BOX 1 ELDER ER at the present time the eyes at 0 people from every part of the state are being turned toward box elder county and its vast resources they are watching more closely tha than n all els else 0 I 1 the development of the oil oa fields on the i shores of the lake in the rozel bozel district district among the leading oil well development companies ope operating in the rozel district la is the lakeside oil company ot of brigham city tho the lakeside oil company was organized in this city march 15 1922 and incorporated incorporated for or shores at the par value of each the officers of the company are A D cooley president will R holmes secretary H R doremus treasurer A L stout wynn L eddy P W knudson H L erdmann W W knudson and leroy B young directors an interesting feature connected with the organization la Is this it seems to be the only oil cord company pany in the country where not one cent of promotion stock has been set aside and to date not a cent has been paid in the way of salaries to a single officer of the company and not one cent has been paid as a commission tor for selling stock and no public announcement has been made that there is any stock for sale it is a case where local people have pooled their interests in sinking a deep well to prove the field the company secured permission from the state commission to sell shares of stock and at present about shares have been sold bold distributed I 1 among subscribers leasel the experimental well Is on lease no 13 about ten miles south of thel the rozel station this well is down i feet and is ca cased sed from top to bottom the casing Is 14 inches at the top I 1 then 10 inches lower down and finally I 1 ends up at the feet depth with an I 1 eight casing operations ceased a short time ago on account of the dri adril lers coming in contact with water but now that the casings have been installed operations will shortly be resumed in sinking this well a hard pan was encountered at a depth of feet i after going through this an oil sand was encountered A bottle of this oil sand was taken by chemist hart of the cement plant and analyzed the oil extracted was of a 38 grade content again at feet another pan was encountered and here the drilling stopped tor for the purpose of installing the casing as stated above after boring through this hard substance ot of gumbo the company expects to encounter oil the driller mr air 0 L smithers bers it Is stated is so enthusiastic over the proposition that he has been working on halt half pay from the commencement march of last year outside of a cash payment of 25 per month he has been taking the balance of his bia wages in stock the companas comp anys holdings consist ot of a lease on something over acres where the well Is being sunk known as lease no 13 this Is a water lease and the well is about 20 feet from the shore out in the lake incorporated in this lease from the state is some something think over acres three miles north known as aa lease no 20 the lakeside oil company secured this land on a sublease sub lease from the zion asphalt company joining on the east they have one half section of land leased from the curlew valley livestock and land co this land runs down to the water edge joining lease no 13 joining on the north of this they have acres leased from J M farnsworth of ogden also acres on the north of the lake leased from the government in the kelton district in this same vicinity last week the company leased acres from the columbia trust company at salt lake lake city they also have 1400 1406 acres in the relton kelton district leased from dr J S keith at salt lake city the company it is stated also have one halt interest in 2560 acres of oil land in fossil oil fields in wyoming the company owns an armstrong drilling machine under reamer and complete drilling equipment all paid tor for |