The Canon City record with which is consolidated the Canon City cannon., 1919-12-25
MUTUAL OIL GO.
WILL START in
ACTIVE DRILLING
ABOUT JAN. 1ST
Everything is in Readiness
and Well is Expected in
Ninety Days

This morning. in company with
President and General Manager Cries
rner, T. II. Taynes, local sales agent
for the company's stock, and H. e.
Hill, a representative of The Daily
Record visited the leases and holdings
of the Mutual Oil & Development Com
pany. six miles northeast OF Canon
City, for the purpose of looking over
its property and the preliminary work
il is doing TO exploit its snb-soil re
sources. The inspection was rev.
elation in many respects and con
yinced the writer that the company
means business. and has most encour-
aging prospects for success in its I'M
dertaking.
The company, which is composed
largely OF Pueblo men. has oil leases
from the government on $500 acres OF
land in the territory alluded to. and
has thus far spent $4,000 in its I'm
provemsnt including the construction
of a modern rig for boring operations
The derrick is ~ feet in height and
is equipped with all necessary ma
ehinery for sinking a well to depth
oil N.NtN tttta AChuai oEr'sA
tions will be begun about January i,
and il is confidently expected by Mr..
Griesemer and his associates that OIL
will be struck at something Ike ZOO
feet within so days.
Mr.. Griesemer, who is an experienced
and practical oil man. as well as Se-
oIogist and engineer. Gays that no
where in the United States are the
rock formations and stratums more
eneonraCinc for oil than they are on
-Four Mile creek. where his company
has located. The conditions there. be
says. are almost identical with those
ut Ventura. Cal. the riches, oii-pro-
ducinr field on the Pacific coast. There
is nothing like Il. he asserts. in Wyo-
ming. Texas. Oklahoma or any of the
Western petroleum producing states.
He has worked in all OF them and
speaks from observation There are
practically 1000 acres OF land on Four
Mfie creek. underlaid with oil. accord
ing to Mr.. Griesemer. and they consti-
tute In his opinion. the most potential
petroleum field in Colorado. The
Mutual oil a Dcrelopmen; COMPANY
hss been engaged In making surveys.
etc. on -Four Nile creek since last
spring. but has done its work 80 very
unIatly as to attract little public at
tention. A par, Of the summer Mr.
Griescmer had associated with him in
iis study Mr.. Mueller Of Chicago. one
Of the most famous oil experts and
peoloFisis in the country. Mr.. Muel-
Ter made favorable report ON the
Ventura. Cal. oil fields. and its de
vetopment with marvellous results fol
lowed, notwithstanding the fact that
more than n score OF experts had re-
ported ~ 20 be a barren field. Mr
Mueller was equally successful in 10
eating oil heids in Wyoming and okla
homa
The derrick erected by the Mutual
on & Development Company on its
Fonr Mile holdings Is situated on the
apex OF the oil dome which MIR Griese-
fner pronounceE ;a be one Of the best
defined and most perfect in the coun-
try He iikens IL TO a gigantic water
melon with immense OIL reservoirs un-
derneath He declares that as soon
ss the rind is penetrated. which he
estimates to be less than 5000 feet in
thickness the oil. under the terrific
pressure to which 1t is subjected. Will
produce 'gusher.' such as Is not
known any where in the West. He
is morally certain that oil in abund-
ance is to be had there and predicts
that when the drill enters the oil.
bearing sands a stream of petroleum
will be elected through the well that
win go over The top OF the derrick.
taking the, drilling apparatus with IL.
lie has so much faith thai this VIII be
the case that he is already arrangine
for the construction of reservoir be-
low the derrick to catch and impound
the overflow. Mr. Gricsemer is back
ing up his confidence in the wei. by in
vesting his money in 1t. and he is
now the largest stockho' der. No
where In Texas, Oklahoma. Kansas or
Wyoming, he says. are the prospects
so alluring for oil ms they are on Four
Mile creek. and he predicts that with
in year from now n score of wells
will be producing oil there. and that n
vista OF derricks will be seen on every
direction about the original boring
The company has no promotion
Etock TO give away. but has l0o. .00o
shares to sell at 25 cents a share for