The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-26

can be recovered ........S2 S21, $50 GU. II.
Reduce this TO merchant
able unit. with SO cubic
feet OF oil TO the barrel.
= gives, per acre. ........... 1887 bbls.
Sold at 81 per barrel gives
gross. per acre ........s 366Ii 90
As a net figure | assume
the cost OF land. cost OF
machinery. depreciation
OF equipment. evapora-
ton, fuel and labor Is
equivalent 10 80 cents A
barrel, leaving q net value,
per acre. of ...,-.......... 20 33s 20
And for I60 acres...... 1864, 2T2 90
Assuming that a section OF the terri
toly s where here the greatest DEVELOPMENT has
cna od snd 01 @p ihf
twenty miles In length. or nifty square
miles. we have the, stupendous showing
is sess.S5i4oO for the oil contained In the
section mentioned
The maximum degree at which 81
given amount OF oil can be pumped dc
pends entirely upon the gas pressure be
hind IT and its freedom in releasing Itself
from the. sands. and the life OF n
vel well may may be h hanyWheTG from ten to M
by the International Consolidated on
company. the Standard Reserve on
company. Pittsburg Salt Lake on COM
10 those holdings. which are being leased
10 new companies entering the field, bear
strong testimony to the value and per.
manency OF that portion OF the field
where exploitation has been the most
active. Oil is found In wells as shallow
as 15o feet below the surface, the pro,
in the direction OF the dip OF the oil
bearing sands Now that a better under
standing exists of tho actual structural
conditions of the oil horizon. the devel
opment from now on will doubtless be
In the direction OF deeper wells which
means greater, production and longevity
(,I ti..l y,sf1 hr,ft
Another factor Is the probability Of
encounterlng reservoirs or pools where
the oil has accumulated in the sands at
points where n greater expansion In the
oil-hearing strata has taken place. This
Is not au uncommon thing as can be
testified 10 in tho fields OF any magni-
os 10 justify the possibility OF making
discoveries Of that nature.
About 250o feet stratigraphicallv be-
low the oil zonc In the Fort Benton d.
S62 and zoos feet in sand beds in a gray
shale in the Bear river formation In sec.
tion 10. township IL nortn. range lis
west This oil is much heavier In grav-
ity and SOMEWHAT darker than the oils
In the Fort Benton shales. The per cent
OF gasoline, however; Will make II valu-
additional oil bearing horizon Of CON
value and magnitude
Believer in Field.
| am. as | have been from the begin
ming, firm believer in tho future OF
THIS neld. There Is q tremendous con-
sumption of oil which is rapidly grow
ing, and the demand will keep steadily
UP with the development. and possibly
most of the time a little in advance.
There is nothing discouragins in the out
ter conditions are sure. The producer
OF oil Is coming TO study his business
and Invest II with dignity and scientific
treatment. The oil business has been
nr, I,,lt ri al hoci &c
Of tho greatest industries OF modern
times There can be no retrogression-
the watchword in oildom Is forward. A
better feeling prevails between the pro-
ducer and the msrketer.
The STANDARD Oil company is no longer
the ougaooo II used 20 be. Some one
discovered the fact that II was COM
posed OF normal men like the rest OF us
and he told II to some one else and after
awhile the truth oozed through and now
the producer goes out and makes his
own pipe lines, he builds his own stor-
age tanks--in other words, he thinks,
acts and manipulates for himself. And
while he Is getting rich and helping 10
OIL company goes on in the even. tenor
of It's way, making money also. This Is
The way IL should be The producer is
greater than the Standard OIL company.
only he has never seemed to know II, |
The producer always will be and always
should be the master OF the situation. If
he wants TO be.
1t may not be out OF place to discuss
10 the Ulnta oil field. Not great while |
ago the interior department classified
most of the .unoccupied government land
within the territory surveyed
by Mr.. Veatch as being valuable for
COAL phosphate and oil. An order was
issued withdrawn such lands as con- |
'alned these minerals from the right OF
entry or. the fling OF locations for oil
or phosphate. All. as they say. for the |
sake Of posterity,
Conservation is no chid's play and will
require careful watching 1t must be re-
nembered there Is the entire east against |
The oil interests through downright ig- |
norance OF what conservation really |
means. In explaining the measure TO |
overlooked the railroads and their early
grants, which for twenty miles on each |
side Of the line provide every other sec
ton of land for their use and profit |
an inpossibiity 10 conserve oil TO pos
terity: the railroads can drill along their |
sectional lines and drain the government
ands. thereby defeating the purpose of
nservatIon.
What Wyoming wants is an oil law
Tor oil men and most of them would be
willing to keep the placer law with such |
changes and notifications as would per-
nit the original locator or first driller 70 |
hold claim until he had thoroughly |
prospected 1t and found either oil or n |
Try hole. And for conservation as ap-
piled to oil? Why, let posterity look out |
for itself.
The development or this field must in
IRE greatly to the benefit OF the Union |
Pacific railroad, and It is to be hoped |
that a liberal policy will he pursued by |
the company in the matter of making
leases upon lands which constitute |
very large area classified as oil ter
ritory.
FART1 OITS VAJI1Ec IN