The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-09
MORE HOT NEWS
FROM OIL FIELDS
Ely Men Preparing to Sink Two
Wells Within a Mile of
Virgin City.
SALT LAKE HEADQUARTERS
MANY RIGS WORKING AND MANY
MORE GOING IN.

After fifteen days in the Virgin City
oil fields sizing up conditions and look
ing over the ground which was previ-
ously acquired and upon which two OPP
Grating companies have been formed. b
e. Allyn and George Tingley of Ely
New, have returned from the southern
country Mr.. Tingley, who Is a pros
porous business man of Ely and proml-
nently identified with the Hub Clothing
company and other enterprises III the
camp of copper has gone over 10 close
out his interests there. That done ne vii
return to Salt Lake and with Mr.. Allyn
make Salt Lake his future headquarters
Discussing the new oil fields and the OPP
portunities which they afford, Mr.. Allyn
said yesterday:
''IVhy. it beats anything ! have ever
seen or heard Of For our Big Four Vir-
gin and Virgin Central Oil companies,
both of which have been completely
financed in Nevada, we have secured a
great deal of oil land in the new field
Two Rigs Ordered.
1--WE have ordered two standard drilling
rigs from Los Angeles and we are bend
ing every nerve to get them delivered,
set up and placed In commission rms
we expect to accomplish within thirty
days. We own forty acres In the SOUTH
west corner of section %, which is only
a mile from Virgin City, and both rigs
will go onto this ground. We VIII get
the first oil-bearing strata here in about
800 feet, but both wells will be sunk TO
a depth of 600 feet and one of them Will
likely be driven down 1900 feet before
stopping in order to prospect the deeper
strata. This ground has been selected
for the initial wells because II IS less
than q mile east of the old original seep
well that was put down in the ordinary
way of sinking a shaft on mining prop
erty, and because 1t is right in the heart
of the known Oil-bearing zone and only
two miles or so from the last wei
brought in by the Mckenzie crowd OF
Goldfield.
so taken with the oil business has Mr.
Tingley become that he has decided TO
leave Nevada and come to Salt Lake.
Here we shall establish offices during the
next few days and from this point we
shall conduct the business of our COM
panies."
The Virgin City country. Mr.. Allyn
says, is getting to be pretty lively and
men of means are going in by the score.
On the way out to Lund on Wednesday
not less than twenty men were passed
going in. There are no idlers headed for
the field, he says. because there is no
place for them. Some of the biggest OPP
where are either there in person or are
represented by first-class men, and bust
ness is being done every minute.
1.-The men in there and those going in. :"
SdlQ MI. Allyn, ali Oul " DuSA-
ness Twelve rigs have been set up and
most of them are now drilling; six more
are being hauled in and at Lund the rail-
road agent was expecting four more at
any moment. We shall have two rigs
there in a few days and 1 know of sew
eral more that have been ordered. All
this means busness-there is no hot air
about it-and it all goes to show the
faith in the field that is possessed by
the men who are spending the money.
You have probably noticed that in all the
companies that have been organized there
has been little if any attempt TO sell
stocks to the public. That means that
the men and companies who are operating
down there are going down in their in
dividual pockets, in the case of unincor-
porated propositions, and that the orig
inaI organizers of most of the companies
are doing the same thing rather than see
the stocks in their companies sold for a
fraction of their estimated worth.
Costs Little to Bore.
sGI,I,o form fiof1 dou-Y1 fbarp &c en- raor1r-