Show UTAH OKLAHOMA OIL ca A 1 baan was born that promises to Be become collica i giant or of strength casten olsen r P C nielson and hayden simmons Sim the latter an oil man mail well known in te texas as and oklahoma announce the formation or of an organization bation which will bo be known as aa the utah oklahoma oil company with principal offices in richfield twelve enterprising richfield citizens joined the 01 sanitation organization the baby was bom boin wednesday night at a meeting presided s over by calten olsen who explained the situation and it promises to grow rapidly in strength bringing some of the large sums gained by oil and its derivatives to 0 our ir city the men who constitute the argall organization secured a lease on oil acres of land in jefferson county oklahoma and also in an option on adai additional acres which now aie be bainn ing thrown on oil the market at a very reasonable price to raise the he money nee essaiy to con consummate the option thus more participant st in this very promising enterprise se will be gathered and the interests of all will me pooled for further action and profit the land is situated in the best oil belt of t the lie united states and it will be at the option of the partners in tho the deal to release re lease or to drill and an acre that is purchased beffie production to fo a few hundred dollars becomes wor th a hundred thousand dollars and moze moie when producing oil mr olsen is leaving here monday morning tor for oklahoma to meet mr simmons and clinch the deal with the original lessor he Is expected back by the first of next mouth month and then great activities will start the land leased by the Ri richfield clifield investors is only a very few miles away from producing wells |