The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-11-29
Large Sums of Money tC
Be Expended at Once
Sinking Wells.
Operators from Philadelphia En-,
Ter Into Contract With
Local People.
, UFFEY & GALLEY. millionaire oil

-. UFFEY & GALLEY, millionaire oil
( operators Of Pittsburg, the most
" successful and energetic men IN
their chosen calling in America today.
have made a fun investigation Of the
conditions prevailing in this valley and.
as a result. they have entered into a
contract with S " Shelp, as trustee
for Salt Lake parties. to prospect the
gas and oil fields near Pennington.
few miles north of this city, at great
depth. About $1,000 acres Of land have
been turned over TO them by Mr. Shelp,
who yesterday made the announcement
that drilling machinery, iron casing and
All the paraphernalia. necessary TO ear
~ on the work, together with expert
driller5 20 do the boring, are now en-
route TO this city.
Several experimental wells are to go
down on the tract at once, and. if the
opinions Of the experts are confirmed.
it viii not be long till one Of the might
est industries imaginable has been
planted within the very shadow Of this
sanity city. Millions viii be spent IN
the development of oil and gas wells,
mills and manufactures will follow,
and the population win grow at such
a pace that ten years hence the Salt
Lake Of today viii possibly "a little
more than make q respectable suburb
for the city it VIII then be.
Oil For Fuel.
Railroads VIII be using oil Tor fuelg
the iron fields viii be in fun opera
ton, and fOundries. rolling mills. ma
chine shops, structural iron works and
U;her Industries dependent upon cheap
fuel. viii be reared on every hand In
fact the successful results which are
predicted from the entry of the men
named into this field can hardly be
conceived or its far-reaching benefits
imagined at this time.
Guffey & Galley are recognized lead
ers in oil development work, and by
reason Oe their caution in going into
new fields. many Other large operators
follow in their tracks, willing TO take
their chances where these men spend
their money. Several eastern compa-
MES, including Jennings Bros. OF
I Pittsburg, well known millionaire oil
/ developers, are now here looking over
/ the field as a result Of the deal just
/ closed, and more are coming.
Ii win be remembered that a large
( flow Of gas was encountered neal
/ Pennington in 1901 through the work
/ done there by William Driver. 1t grad
uaIly gave out, however, and experts
now explain that it was because they
never went down to a solid formation,
! the deepest well sunk at that time be-
| ing about 1000 feet deep, while it ia
/ expected that it viii be necessary to
/ go 1000 feet, at least, before a perma-
nent flow viii be discovered.
| 1t is firmly believed that gas viii be
found in unlimited quantities. and this
( product promises to be nearly. If not
! quite, as valuable as oil. Gas can be
1 lit on the surface Of the ground to-
I day in hundreds Of places from Hot
( Springs to COrinne, and has been
I known to exist through this valley for
/ years Indications of both gas and oil
can be found all along the lake above
/ Hot Springs to a considerable distance
above Corinne, and locatOrs and leasers
I have been working between these
I points along the shore Of the lake for
/ weeks.
Capital Interested.
/ Like Beaumont, Tex, persons have
/ for years been trying to get local and
foreign capital interested in developing
/ oil prospects in This valley. without
success. salt Lake capitalists having
1 been induced TO spend their money in
/ oil development elsewhere, when no
better prospects could be found than
can be found right here
With natural gas salt Lake City
would become one Of the greatest man
ufacturinE centers Of the west GUAM
titles of the finest kind Of sand for
glass manufacturing is found i'm this
valley, and many other valuable manu-
featuring minerals are known to exist
/ in large quantities, i'm addition to those
mentioned above
J. A. Kuykendall with the Reeves
Brothers Of this city. have been trying
TO interest capital I'm this enterprise
since in the spring Of 1901 and had
7 associated with them Charles A. Walk
err. who succeeded i'm getting Mr.. Towel
of the Standard Oil company TO come
out here and examine the property. He
at that time made a very favorable re-
port on IT, but it is a well known fact
that the Standard oil company Is not
developing organization. Some 1000
acres of the land controlled by the
KuykendalI-Reeve party IS part OF the
acreage that goes into the syndicate
contracting with Cfufey e Galley and
which consists of the following s.
". Shelp Charles X. Rowland. Charles
A. Walker. p. S. Keogh. IT. J. Ander-
son and Robert F. c. Wilson. s. "
SheIp acting as trustee