The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1920-02-19
SAND IS RISING IN
CASING At FA[[ON

FALLON, February 17.-C. III. Kra-
mer Of the Kramer Oil Company has
returned from New York where he
has been for the past two months
! financing his company. He states that
while all other oil propositions are
oyershadowed by the Texas and
Louisiana fields, one may obtain a
hearing on Nevada oil stocks. He
says that any new field that has been
reported on as favorable by so many
geologists of high standing cannot
but attract attention. In order to COM
ply with the ideas of the East, his
company is increasing its par value
| to $40 per share. He says that while
fasteners may buy a mining stock of
ten cents par value they have been
educated to oil stocks with par values
ranging from $40 to 500. The East
! is loaded with money looking for in
yestment, but the easterner has to be
shown.
The Big Four Oil Company was
drilling and making fine progress to
about 400 feet when ii was noticed that
Notwithstanding that they used every
/ effort, the sand kept rising and at
last report has risen eighty feet in
three days. This shows what a great
pressure must be under the sand, but
as to whether it is gas or oil pressure
is yet to be determined. w. B. Nichols
| fiscal agents, representing the Big
Four Company, is in California on
hunt for a standard rig. This Sc
secured it will be shipped into Fallon
by fast freight No expense will be
spared to get the new rig to the field
in the least possible time. Nichols
and Sons are also doing land Office
business" in oil leases and oil lands
They have secured a large acreage
outside of tn eholdings of tn Big Four
Oil Company. These leases and land
holdings comprise both patented land
and that held by location.
Tie Churchill County Oil and Gas
Company is keeping a careful log of
the test well they are putting down
on the Williams ranch. This log will
be of great value, not only to them
selves, but to all other companies
drilling in the district. The finding of
thin strata of Ignite coal at shall
low depth has been pronounced as
most favorable indication by the ex-
perts, particularly in view of the fact
that few feet deeper an oil sand
was cut that carried a strong oil seep-
age. Work was delayed for short
time owing to breakage of the ma
chinery. New parts had to be sent
for to San Francisco and work 5
again progressing. BY time this ap-
pears in print depth of near 500 feet
should have been reached.
FIR the past three days w. III. Gier.
noted California and Texas oil man
and geologist. has been going over the
whole field. He refused TO make any
statement for iil''sication unit after
his report had been made tD par
ties by whom he is employed. put he
did make very strong statement in
private that "the Fallon formation is
ideal and should turn out to be as big
as anything in Texas" That certainly
ought to forecast his report. Mr.. Giei
represents some big oil operators whc
have been very successful in both Tie
California and Texas fel1s but .'ke
all other successful oil men are ev,r
looking for other oil sands to conquer.
The Fallon Pioneer has had 20 build
two bridges in order to get all its ma
chinery and casing on the ground.
They still have forty tons a. the iepot
waiting the completion of the bridge
building. They report strong de-
mand for their stock.
c. W. Kinney has pur hased a
standard rig which be expects to have
at Fallon by March He refuses TO
state at present as to the part OF the
field 1t will go to or for whom it was
purchased Mr.. Kinney is one of the
largest holders of oil lands in the dis
trict. Many of the companies now op-
Grating secured their land from him.
The Rainer Oil Company is begin
ing an active advertising campaign.
This company was first financed by
seno capitalists headed by ]. ]. Muir
augh, who for years represented the
Rainier Beer Company, of Tacoma. in
Nevada. When Nevada went dry he
turned to other pursuits and entered
The Fallon oil field. 1t is supposed
that in addition to Reno capitalists
interested with him that he has also
brought in a lot of Tacoma capital as
the company is we'll financed. They