OCR Text |
Show SPECULATION IS RIFE ABOUT THE JAMES OIL WELL1 PEOPLE HER F. ARE HOPING AS DRILL PENETRATES EARTH i If one were to make a trip of inspection in-spection to the James oil well thi-week, thi-week, he would likely peer around, see men hard at work, ami be told little. They' are too busy out there to answer every question too busy to light up a pipe and speculate as to the outcome. But hour by hour, the drill is heard in its rhythmic thumping' thump-ing' deep in the heart of the earth : over thirty-two hundred feet. A trip to the well hist Sunday dis j closeil the fact that the bothersome flow of salt water, encountered two weeks ago, had been securely cased off. Drilling had been going on all afternoon, yet the sound of the drill rould be heard plainly, telling that only a minimum of water and mud was being met. Some interesting facts about the 'veil are that it is the dec-pest hole ever drilled in Utah, and that it is the least expensive hole ever drilled in all the scattered locations over '"tah where oil has been sought. It has been declared that the James oil veil is the least expensive well per foot ever drilled anywhere in the Vnited States. I h:s weeK. people oi jictoru are '.cping, but trying to keep from hoping too strongly, that somewhere soon in the course of that drilling., the long-sought gusher will be me far down three-fif.hs of a nn'le under ground. And from an inspection of the halings brought in to town when 'he well was last baled out before drilling was resumed with new tools. :t is easy to understand why investors invest-ors have these hones. j The James oil well has been in the making for about two years. Only a comparatively short time will tell now, how the venture fared. The site is located northeast of the Union Pacific tracks, between Read station and Black Rock. At nowhere, in all the drillings over Utah, has any oil been found in commercial com-mercial quantities, but the backers of the James concern fee! that it is unreasonable to believe that the geological geo-logical structure of the earth would be such as to leave a non-oil produc- ing section between the rich fields of Wyoming and of southern California, Califor-nia, with which L'tah is directly in line. They also point out the fact that the Utah drilling has largely been in the mountain ranges of the east and northeast, and never has the basin of ancient l ake Bonneville been thoroughly sounded out, iueanwnne, lumoru is mar King lime, but with business as usual. To be sure, some people seem to be walking on eggs. One Milford man remarked, with a grin, that if oil were struck at the James location, 'Wouldn't it be just too bad?" |