Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-17
SOUTH SIDE OIL co.


HE latest company to be started in
1 the San Juan oil field Is the South
Side Oil company. with headquarters at
Bluff, Utah. This company Is backed
by some of the biggest men In the field
and number who have had several
years of experience there. Prospective
~ this company has taken over one of
the choicest sections Of land in tho dis
trict. and as it lays between the Arcola
we'll, the first commercial we'll in the
state. and the wells of the OIL Company
of San Juan, the capacity OF which
have never been asccrtained, there Is n
certainty of getting oil.
The South Side OIL company Is In
corporatcd for sl,00O,ooo. with shares at
81 each. Unlike most companies. this
concern IS free from debt or bonds Of
any kind and has 1900 shares of stock
in the treasury. 1t Is believed that only
n small part OF this will be necessary to
completely finance the company. and
place it on n dividend basis.
The company owns GAO acres Of land
adjoining the Arcola oil company on
the south The draw In which the Ar
cola or Rricc we'll was sunk turns few
almost south for a distance. Tho pic
turc Of the Arcola camp shows whore
this gulch or draw turns on the left
hand side. n IS in this draw only n
few hundred feet from tho hrcola well
that tho South Side company will put
down It's orst we'll An Sr1-foot we'll
has hcnn contracted for and will he
started Mt once. Tho Arcola well Is
bit q short distance from the South
Side end I've.
According tn Il. G.. Rrice, who sunk
tho Arcoa VOL md who Is now general
marrr-er of tho now c"M-any. oil
should be found nj slightly greater
dcpth than NJ tho Arorla The latter
secured its present heavy flow or oil M
eco feet. As coon ns tho South Side
compnuv rc,chos tho aNnd below the
Mcrdcrhnll Sand IN which the .Arcnln
rokoe Of, tho VOL WI hn shot, pro-
vided the gnnd IS saturated, which
looks most probable.
HAS SMALL MACHINE.
The company now has small star
mnCh!ro III the field. THIS is hclm;
used by the company Tor assessment
and prospecting work.
It Is the i,itaSticN OF the compnr" to
put III raIrc,y aG e1oU - n good we'll
Is SltUtF, rNili'l R'l'VllI DC az u GtllU
of about Jan rtct, 2'hn management Is
confident 'h,t-a Won on u" South Side
ground viii be as good rs on the Ar
colt II s3 it vii! ,1:trr than j:St:ay
the installation Of refinery.
Tho company figures on putting N an
So barrel refinery, which could be done
at n comparatively low cost. This
refinery would DO sufficient to furnish
gasoline for the entire field. 1t would
mean that nearly all the companies in
the field would install electro gasoline
power, which would cheaper operations
about 50 per cent In spite of the high
freight charge in and out of the field, a
refinery would pay handsomely.
Tho San Juan oil Ia an almost ideal
refining product Tho product from
this oil will bring rs much. II not more
than any other oil in the United States
a comparison Of this oil with the Cali
fornIa oil shows that the latter Is from
IA to 90 degrees Baumc, while the San
Juan oil runs from IS to 81 degrees
Baunne. The price Of California OH
runs from so cents to 81 barrel.
while the price of San Juan oil In the
field at present is s2.75 q barrel. 1t Is