, 1900-05-03
CASPER OIL FIELDS
INCORPORATION OF SUPERIOR OIL
COMPANY MEANS MUCH
FOR WYOMING.
The Production Of Illuminating as Well
as Lubricating Oils Will Be One of
the Benefits-Over Three Million
Dollars Will be Expended This
Year for Improvements.

The Incorporation of the Superior
Oil company, mention of which was
made in yesterdays Republican, means
a great deal for Wyoming. The fol-
lowing from yesterdays Denver Times
gives full details of the proposed opera
tons of the new company:
The visit of P. NJ. Shannon of Pitts
burg to Denver in March had to do
with much more than routine matters
in the conduct of the Pennsylvania Oil
company, Of which he is president. The
purpose of his trip west was to COM
plete some Of the details in connection
with one of the biggest commercial and
financial movements that has taken
place in the west for a long while.
The proposition is gigantic; its plans
contemplate the building of refneries.
pipe lines connecting the oil region Of
Wyoming with the %refineries at a point
on railway lines; the building of cities
and development of a section now but
sparsely populated. Under the infu-
ence OF the busy hum of industry a Sec
ton will flourish with life and activity
which was for years considered prac-
tically worthless.
The Pennsylvania Oil company, sew
eral years ago, acquired title to by far
the largest part of the Wyoming oil
territory, and has continued to acquire
title to additional land and old rights
since, until it had control of practically
the whole region. A refinery was built
at Casper, and the raw oil had to be
carried so miles by rail. Heretofore
only lubricating oil has been placed on
the market, and a number OF the larg-
est consumers in the west are using this
product exclusively at the present
time.
Two years 6 President Shannon
commenced negotiations with represen-
tatives Of English financial houses for
the organization of a company which
should absorb the Pennsylvania Oil
company and take possession of other
Territory OF which control is held by
means of options, contracts, leases or
bonds. Nearly a year ago this arrange
ment was consummated in agreement,
but just when the formal launching OF
1.-THE new company was about to take
place the British money market was
upset by the South African war and ac-
lfipr uyau nnStnnnod Aonnfc - NJ
Shannon Travelled to London again, and
again the agreement vas entered into,
with an understanding that 1t would
be definitely closed in February last,
when it was believed the South Afri-
can troubles would be over. When
February came conditions in London
were much the same as eight or ten
months before, but after a conference
Shannon that they would be willing to
go ahead with the preliminary arrange
ments as soon as remaining details
could be covered. Mr.. Shannon, ac-
%companied by his attorney, came west
at once, and spent nearly a week in
Denver. While here he was in consul
tation with his general manager from
Casper and some well known Denver
gentlemen, who are said to be interest
ed in the new company.
Tuesday the first step was taken at
Cheyenne which opens to the public
good news that has been withheld for
months by the promoters. The Super
ior Oil company was incorporated with
a capital stock Of so, 500, 900, under the
laws Of Wyoming. The names appear
ing as incorporators are Pittsburg and
Philadelphia, Pa. and Binghamton N.
Y, capitalists, who represent the Brit
ish financial house behind the deal. It
was the plan to make the capital $685.
DOC, 900 at the organization OF the com-
pany. and 1t is conjectured by those To-
cally interested that the capitalization
at $10,5 SOC, 900 has been induced by CON
ditions Of the money market, and was
done in order to go ahead with the
work which engineers have already
outlined.
The principal place Of business of the
Superior Oil company will be at Cas-
per, Wyo, where will be built before
the close Of the "a the largest REIN
cries in the west. The production of
illuminating, as we'll as lubricating,
oils will be added. Ofices will be main
tanned in Denver and distributing sta
tions established in the principal towns
and cities Of the Rocky mountain
States. The name Of a man prominent
lin Colorado railway circles is mention
ed in conenction with a managerial po-
sition in the new company.
1t is fifty miles from Casper 10 the
wells on Oil creek. Ten wells are now
flowing. q portion Of them being seal
ed. however. The first extensive work
will be the construction of a pipe line,
with pumping stations to carry the
icrude oil to Casper. This work is esti-
mated to cost q little more than $780,
900. One million 1--WE hundred thou
sand dollars will be used In drill
ling more wells, erection Of large renn-
cries, immense storage tanks and
equipment for the transportation Of