Show can develop oil in uintah basin at average cost in our work in new districts where the inhabitants havo have not had experience per peri lence ence with oil its drilling arrangements range ments distribution and value wo we are asked all manner of 0 questions for the information of many who are interested the following data may be useful high prices for acreage acre use it does not take a vast acreage to make money out of oil in smack over arkansas year before last acreage without royalty sold lor for as high as fifteen thousand dollars per acre in california especially in tho the sig signal nal hill district the prices soared higher than any some gome lots sold as high as a hundred thousand dollars only a sorted spot needed it has been found that it does not take vast acreage but rather a sorted spot when it Is realized that a well usually takes up just enough surface space to take a hole at most eighteen by twenty inches in diameter A floor of a derrick takes up 24 square feet at most the operator would rather have one acre or of real proven prove oil land t than h an one million acres of non pro ductile oil land original florence well still producing one well at salt creek wyoming has produced over two million doi dollars worth of oil the original producing well of 0 the florence colorado field has produced over a million dollars worth of oil in the last thirty years and I 1 believe that this well is still producing many abany wells in the tampico field Af mexico exico have pr produced over one hundred thousand barrels of oil daily and I 1 know of one that actually produced over two hundred thousand barrels of oil daily tor for the first few months amsher greatest in U S in 1 01 during the famous spindle top beaumont texas oil boom when the famous lucas gusher pi deuced ninetysix ninety six thousand barrels daily which by the way was the 1 greatest gusher ever found in the lunsted united states A certain promoter acquired a piece of land nine feet by twelve feet amsher on smallest piece of land after much scheming and diplomacy he received permission from his neighbors to be allowed to put a portion of his derrick floor on their land the result was that when hen his derrick was finished it was on land owned by five different owners this diplomatic promoter then had his well drilled and got a gusher which produced over twenty thousand barrels of oil daily this land made a vast fortune for him this is supposed to be the smallest piece of land ever drilled tor for oil producers for many years wells in some fields last and produce tor for a long period of years some of the original wells drilled by col drake and associates are still producing as is the well above mentioned in the florence field average production very low the majority of money efrom ol 01 oli has been made from small wells one of the largest oil companies in iii the east the tidewater oil co has an average production per well of one halt half barrel daily from many thousands of wells these are very old wells it Is believed that the average of oil wells in the entire country does not exceed three and one halt half barrels per well utah colorado wells con can bo be brought in at lod crato cot recently an article was written and widely read throughout the united states which stated that the high cost of drilling wells in colorado and utah would keep those states back as future oil producing states today prices of material for drilling are about the same as in 1914 labor prices are about tile the same transportation costs are lower due to improved methods rods of tation and better roads wells can lie be drilled in utah and Colora colorado dp to the same depths as those in texas wyoming and montana Alon tana for less tha they cost during the boom periods of those states asks only favorable structure today it is not a question to the oil man of 0 how far the well site is from the railroad but rather one of 0 where there Is a favorable structure to drill vernal well farthest Drill drilling hig pron fron railroad in V U 9 oil operators go great distances to drill wells the wells of 0 the peace river country alberta canada were miles from a railroad the wells ot of venezuela which are now shipping gare are miles the seacoast salt creek wyoming was fifty miles from the railroad today the well that is showing traces of oil at less than nine hundred feet in depth near vernal is the farther est drilling well from the railroad in n the united states oil 19 is piped great distance the transportation ot oil through pipe lines is that of a common car rier business tor for which a charge is made at so much a barrel in call ornia fornia tour four lines pipe oil over div five e miles or more to the terminals oil is now being from wyoming to the sippi dippl river oil is being piped rom texas and oklahoma to new Di severy of oil brings undreamed advancement the discovery of oil in an esolat d district brings roads railroads cities undreamed of before nd puts the district years rears ahead of ts neighbors when an oil boom churs it seems that everyone makes ioney on e y A all 1 1 t that ha t ti the aae ope operators ra tors u usual s ua 1 y a asks s 9 1 is s a c chance ha n to 0 b be al allowed lo 10 w e d spend his own money in the de elopement elop ment of 0 new lands |