Semi-weekly herald., 1913-03-06
.DfV[[0P|N ING
.FARM|NGTON
OIL FIELDS
Special TO The Herald.

FARMINGToN, N. NJ, March g.
An oil meeting of the stockholders of
the Little Standard Oil company and
all those interested in the development
of the San Juan basin was held in
the opera house last night The COM
pany made full report OF its opera
tions and conditions since its organi-
cation in 1910, and also reported the
amount of stock outstanding and that
now in the treasury. The figures stat
ing the approximate cost of clean
ing, casing and completing the well
were presented by Charles Youle Of
Durango, who is one of the best known
drillers in California, together with
d. Il. Daniels, the company driller,
who has also had good many years
experience in the oil fields Plans were
discussed and formulated FOR raising
funds to finish the well and for the
general development of the field. Sew
eral propositions were considered,
among them some for outside aid, and
all were given careful consideration,
as it is desired to secure some means
that will guarantee the Immediate
completion of the well in order that
we will be assured at as early a date
as possible the extent and value Of
our oil fields.
Bishop Taylor of Fruitland is busy
devising means whereby the people Of
the lower San Juan district can as
sist in the development Of their end
of the valley. A meeting will prob
| ably be called at Frutland soon for
this purpose.
Last week c. N. Clark Of Denver,
Colo, and A. b. Ross of Cedar Hill,
| N. NJ, were down looking over the
field and examined the well. Mr.. Clark
was sent here by Denver men who
are interested in the developmnt work
being done in the oil region at Salt
River Wyo. He WAS instructed to note
the oil indications very mlnutely and
report his findings. An early investi-
cation by the Denver company de-
pends entirely upon the nature Of the
report that they receive from him.
Just prior to his departure to Dem
| yer, Mr.. Clark said that he was very
much pleased and impressed with the
| surface indications and general ap-
pearance Of the fields, being especially
impressed with the oil rock forma-
| ton, which he declared looked very
promising. He said that we might ex-
pect to hear from his people within q
comparatively short time as they
mean business.
| We also obtained an interview with
Charles Youle who is the man that
has leased quarter section from Mr..
Daniels and also holds an option on a
full section. Mr.. Youle has been work.
ing at the well for two weeks assist
ing Mr.. Daniels drill and fish for the
tools. He is well known in California
fields and has worked in many other
oil sections of the United States and
has worked in the oil fields In India
for nearly five years. He states that
the showing made in the well 30 far
has been little short of marvellous,
when it is taken into consideration
that the pressure of water has been
forty-fve pounds to the foot for al
most the entire depth of the we'll,
which is 100 feet deep. The oil has
forced out of the oil bearing sands
against this great pressure which or
dinarily would have been enough to
prevent any signs of oil showing up.
He thinks that when the well Is COM
pleted it will prove to be one Of COM
mercial value, and will make strong
enough showing to justify the further
development on large scale Of the
entire oil region.
While many people are looking over
the field and talking of Investing still
they are mostly holding back until
the well can be put in shape to show
what quantity Of oil has really been
struck and much hinges on the action
that was taken at the meeting last
night.