Weekly journal-miner., 1917-12-05
O|[ BOOM IS GAINING
 STRENGTH
COM MES ARE SOON TO BEGIN DRILLING IN THE VALLEY SECTION; {; PROSPECTS ARE co N- SIDERED BRIGHT.
(From Saturdays Daily)

oil boom have taken in the past few days have an exceedingly sensitive barometer in the form of the activi- ties of the promotion element that must put every new industry on the map during these days.
 A large holding company, called the Great Chino Oil & Refining Company, is in the final stages of organization. It will be the parent or holding com- pany for at least three lesser but ac- tive corporations These are the Ari- zona Petroleum Company, the Copper State Oil & Gas Company, and the Union Pacific Oil Company.
 These companies have control of large tracts of land and will soon be actively drilling for oil in every direc- ton from the discovery wall of the Chino Valley Oil & Mining Company north, east, south and west. The total number of acres is l2,S00. and the cream of the valley.
 In addition to these there has been organized in the East among a group of financial experts that are closest to the oil interests of the country, an other called the Monitor Oil Company of New York. This one has two sec tions of we'll located land, in the same vicinity, close to the discovery well.
 The Great Chino or holding com pany is capitalized for S60O0,0O0.
 NJ. Morgan, who is the prime nov CT in these companies, arrived last evening after an absence from Jerome of several months. He has been at every important city of the East and to him is due the credit of starting the talk about Chino at New York which now is sweeping the country. He states that in talk with prominent oil authorities he was freely informed that Chino stood the best of any prospective oil field in America.
 Mr. Morgan has large oil interests at Casper, Wyo., and after thorough personal examination of them, de- clares that he can see not particle Of difference in the formations and that if anything, Chino looks the bet ter of the two. He is advised upon expert authority that the dome system of Chino is superior and the quality of the oil analysed surpasscs any in the United States except Pennsyl- vania.
 T talked with an oil expert who has examined all of the fields said he, and he told me emphatically that he never saw the equal of Chino any where in its general appearance. In Wyoming the formation IS identical and the Chino dome structure IS per feet. In Rittcr's report, which you have read, you will sec that he states that he never found break.
 "The Lakcvicw well in California, from 70 feet of sand produces 90,0OO barrels of oil q day of gravity of IS. In Oklahoma they get from 100 to 1000 barrels a day from wells with 20 10 SO feet Of sand, 50 being their deepest. In Wyoming 40 feet is con sidercd big. Here we have no feet of sand, which has produced oil of a parafinc base. This is under a water pressure of about 1,6O0 feet. have been told that with this showing we have every reason to expect well of 5000 barrels a day.
 Some of the oil has been skinned off and sent to the Michigan School Of Mines where an analysis showed ii to be g very high grade parafiinc base oil which ought to be worth s a bar rel at the well. Only in Pennsylvania has the equal of this oil been found. ' i \. D. Coovcr, who has been con ncctcd with previous operations at the discovery well, will furnish to Mir. Morgan log of the well, also a synopsis of all operations from the day work started until it was stopped and the oil was forced up through a l.6O0-foot column of water, then skinned and sent to Michigan.
 "Thc conditions there arc ideal, concluded Mir. Morgan, with the railway running right through the field and outfits can be delivered with case anywhere on the ground. Tho best drinking water is obtainablc tc 200 feet anywhere. ."-Jcromc Sun.