The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-09-19


ing the wells The refinery at Spring
Valley could be enlarged to meet the
demands OF production In that vicin-
ity. and the one now contemplated
and for which machinery is arriving
at Leroy, would take care of the out
nut in the territory contiguous to
Leroy.
one of the subjects frequently dis
cussed by operators and capitalists
looking over the field Is the quanti-
" of oil and probable life OF the
field. This is difficult problem to
work out In tho face or such large
territory. where the exploitation has
been confined to only small area,
All of the sands in the section so far
developed are saturated with oil, and
from actual porosity tests show that
they Will absorb to the extent OF 20
to 80 per cent Of their volume. This
gives an ideal storage for oil In vast
quantities.
To be conservative, have estimat-
cd the aggregate of all the sands to
be 30 feet thick with saturation OF
Is per cent. This gives 1,74O,OOO GU
bic feet to the acre. OF which 20 per
cent carries oil (cubic feeD .436.600
| assume rs per cent of this
can be recovered (cubic
fceD .4S6, 500
| Reduce this to a merchantable
unit with 25.6 cubic feet of
oil TO the barrel, gives. per
acre (cubic feet) ,...s.... 1887
Sold at So per barrel gives
gross per acre ...... .S36, 6,67400
AS net figure / assume the
cost OF land cost OF ma
chinery. depreciation OF
equipment. evaporation,
fuel and labor is equiva-
lent to 30 cents a barrel
leaving a net value per
acre OF . ,... 's29, ,339. 30
And for 100 acres 1881 ,272. 90
Assuming that a section of the ter
ritory where }he greatest develop
mont has taken place to be 1-2
miles In width between the meridian
OF the antlclinal fold and the Abso-
roka upllft. by 20 milos IN length, or
90 square miles. We have the stupen-
dous showing of $50, ,7S4 600 barrels,
whose net value is $936.S53.4 400 for
the oil contained in the section men
toned.
The maximum degree at which
given amount of oil can be pumped de-
pends entirely upon tho gas pressure
behind 1t and its freedom in releas-
Ing itself from the sands. and the
life of a well may be anywhere from
10 to 25 years.
The splendid results obtained by
the international Consolidated on
company, the Standard Reserve OIL
company. Plttsburg Salt Lake OIL com
pany. and upon proven ground ada
cent to those holdings which are be-
Ing leased to new companies entering
the field. bear strong testimony TO
teh value and permanency of that
portion OF the field whore exploita-
tion has been the most active. OIL
Is found in wells as shallow as 100
feet below the surface, the produc-
ton increasing as wells are drilled
in the direction OF the dip of the oil
bearing sands Now that a better
understanding exists of the actual
structural conditions of the oil hori-
zon. the development from now on
Will doubtless be In the direction Of
deeper wells, which means greater
production and longevity of such wells
drilled
Another factor is the probability
OF encountering reservoirs or pools
where the oil has accumulated IN the
sands at points where a greater eX-
panBion In the OH bearing etrata
has taken place. This IS not an un-
common thing, as can be testified to
In the fields OF any magnitude, and
the conditions here are such as 10
justify the possibility of making dis
coverles OF that nature.
About 2.50O feet stratigraphically
below the oil zone in the FIT. Benton
| division oil has been found at a depth
of S62 and l,005 feet In sand beds
| In q gray shale in the Bear river for
| nation in section 10 township il
north, range 11S west, This oil is
much heavier In gravity and some
what darker than the oils in the Ft-
| Benton shales. The per cent of gas
| oline. however. will make II valuable
| and deeper wells might disclose an
| additional oil bearing horizon of con-
| siderable value and magnitude,
I am, as I have been from the be-
| ginning, firm believer in the future
J OF this field There IS tremendous
| consumption. of oil which is rapidly
growing. and the demand will keep
steadying up with the development,
and possibly most OF the time a lit
tie In advance. There is nothing
discouraging in the outlook. Better
prices are coming Better conditions
are sure. The producer of oil is COM
Ing to study his business and invest
1t with dignity and scientific treat
ment. The oil business has been put
on a great industrial basis; it Is one
OF the greatest industries of modern
times, There can be nc retrogres-
sion; the watchword in oildom Is
forward. A better feeling prevails
between the producer and the market
| cr
The Standard Oil company is no
longer the bugaboo it used to be
Some one discovered the fact that it
| was composed of men who were nor
NAL like the rest OF us, and he told