| Show Uintah Basin Oil Contain Gallons of Oil Hundreds of oil all shale locations have been n made In the Uintah basin during the last sixty days There ismore ismore is la lamore more excitement In Salt Lake and aud Denver over oyer the oil 01 possibilities than possibilities than there is among the local people Shale land buyers are already alread- beginning beginning beginning begin begin- ning to come In Offers of from 15 to 25 per acre acre land orland for land just located at d haye hage been made i r Num Numerous refineries are to be established established es es- es the he doming coming ming spring and sum sum- mer The following companies companes are said to be planning to operate Utah Oil company six This company company company com com- pany already three rigs at work near Watson Waters Pearce e Oil company will drill near Powder Springs southeast of Vernal Verna Dr Coke well known through the basin and and who has made his headquarters headquarters headquarters head head- quarters at Vernal for some time past will veil Ill install a steam shovel and ana refinery refiner n near ar Whiterocks for treating the he oil on sand of that section Wm Win ONeil O'Neil f formerly member of or fi c s 's school hool hl 1 bo board boar rd has organized a company to prospect Willow and Hill creeks reeks A rig li has s been een ordered from the he Salt L Lake Lake l Hardware a dware company I Sc Hill oil operators of San Francisco will drill near Ouray U. U D D. D Feld Field and associates of Salt Lake will Install a shale refinery near I Smiths Smith's Wells I A Grand Junction outfit will Install a sana refinery on Willow creek and also drill on Stewart dome Walters of oC Denver Denyer will prospect Saud Sand Ridge west of Vernal Herewith are figures showing the approximate estimates of production production tion lon and profits obtained from Crom the oil shale Industry In Scotland These are ate followed b by some theoretical figures on the possibilities of treating treat treat- ing ng the richer Utah oil oll The figures are put out by the Crane Shale OH OU corporation as indicated by tests testa i made of oC stales shale taken from their holdings holdIngs holdings hold- hold Ings near Watson This basin Is declared de des I Glared to embrace containing i not less than gallons I of oil ol besides a avast vast of by by- products The Tiie Scotland figures low D. D R. R Steuart Steuart-F. Steuart F. F I. I C. C Oil of or the 1912 1912 Memoirs Memoirs of the geological survey surcy Scotland In 1910 1910 the shale distilled was 3 3 ton tons Crude oil produced ton ton- or gallons 1 The marketable products were Gallons Motor spirit 4 Naphtha Burning Durning oil Gas or fuel oils Lubricating wax Paraffin wax Sulphate of ammonia I The market value of oC the total prod prod- nets was The average value per ton of shale at the mine was vas 1371 cost st These These figures show per cent profits profits' or 5 The total crude oil produced per ton tonof of oC shale was two twenty-two imperial imperi al l gallons total ammonium sulphate produced e per er i ton of pC shale pro rr pounds poun 3 To Tonnage nage of oil shale in sight on the Wats Watson n property 2000 acres of 30 feet average depth Is is' is 18 cubic feet per ton too or or tons toils Cost COs of or treating tons of shale I a day Labor Labor Labor- 10 men at 3 6 men at 4 r T. T 2400 3 men at 5 1500 I 1 at 8 1 at al 9 1700 Total Supplies depreciation deprecation etc Supplies 2000 Repairs and upkeep t. t 1000 Interest on on 5 at ti 8 1100 Depreciation c 10 e. e 1370 Ex Extras tras 1000 1 Total 6 Labor Labor f v- v f 1 0 1 J I. I Total Total all charged Cost per ton 60 ce ts 1 Estimated profit from working tons of or oil shale per day ta taken n fn from lands lands at Watson now held under option option option op op- tion by Crane company tons oil ol shale in sight Two hundred and fifty tons of oil shale at 30 gallons per ton will produce produce pro pro- duce g gallons of or crude crude oil Cracking this gallons Into gasoline gasoline gasoline gaso gaso- line at 60 per cent gallons gaso gaso- line lne Ammonium sulphate 15 11 pounds per ton of shale Value gasoline gal Value ammonium sulphate sulphate sulphate sul sul- phate pound Total value products Total all charges Net dally daily profit Net monthly profit Net annual profit This will yield an annual profit of over per cent on the total Investment invest Invest- ment |
