Show Rangely Field I h has s Great Possibilities That Colorado possesses a proven oil field in which one well drilled to toa toa toa a depth of less than feet at a acost acost acost cost which did not exceed 1200 and which has produced more than barrels of paraffin base oil testing 46 Baume Daume and another well which averages 80 SO barrels per days is a fact not generally known The field known as the Rangely structure structure structure ture is located in the Rio Blanco county approximately 80 miles mile north of Grand Junction eight miles east of the Utah boundary and 65 miles west of Meeker Facts regarding this little known but important operation have been developed in an investigation following following follow follow- ing the abandonment of a deep test teston teston teston on the structure by the Standard Oil company of California and which I created the impression that the test had condemned the structure It is not certain however that the Standard Standard Standard Stand Stand- ard has entirely abandoned the fled as Its operation was Vas on patented ground owned in fee which makes it unnecessary for it to develop the property until it needs the oil There is also some doubt about this test being being being be be- ing a complete failure as a large flow of gas was encountered after passing through a salt water sand in which the pressure was so grea great t as asto asto asto to result in a collapsed casing This operation was on the east side of the structure while the producing wells are aie on the west and south sides The Raven Oil on and Refining company company company com com- pany a Utah corporation is ing the producing properties on the structure including a refinery which represents an investment of Seven wells are on the pump and these wells average 10 to toSO toSO SO 80 barrels per day each All encountered encountered encountered the sand under feet and drilling costs do not exceed 1000 to 1200 per well The refined products products products pro pro- ducts are sold to the Continental Oil on company which markets same in the territory between Meeker Colorado and Myton 1 Utah a distance of of f j. j 0 miles The properties and refinery have a capacity double present market market market mar mar- ket requirements which is restricted restrict restrict- ed owing owing- to its remoteness from a railroad The development is about two miles west of th the test put down by the Standard of California The Raven company has found a market for to gallons of products per month this year and the company is reported to be out of debt and operating at a profit It controls several thousand acres under under under un un- der lease from the Emerald Oil company company company com com- pany all within the escarpment but producing wells are on a tract of less than five acres The crude tests higher than production from the best of the Wyoming light oil fields and is free from water and sulphur With an extension of marketing facilities fa facilities fa- fa the field gives promise of developing developing- into a very important op operation op- op The problem of a pipe line is intensified by the fact that a surface surface surface sur sur- face rise of more than feet exists between the field and the rail rail- road Wyoming Wyoming Oil on News |