The Canon City record with which is consolidated the Canon City cannon., 1920-12-09
CANON PETROLEUM
CO. WELL Is BEING
DRILLED RAPIDLY
PROSPECTS GOOD
Local Company spud in well
with equipment to 60 4,5ot
feet, in Oil Creek territory

ord were guests of Frank Homan, vice
president and general manager of the
Canon City Petroleum Company, on
an Inspection trip of the company's
property on Four Mile creek Wednes-
day afternoon, and were greatly in
terested in the work being done there
and in the very encouraging outlook
for the success of the undertaking.
The spudding in of the company's
well took place last week, and the
very complete equipment for the pros
ecution of the enterprise will permit
those in charge of the enterprise 10
carry forward unhampered until the
oil-bearing sands have been reached.
A standard rig, supplemented by all
necessary machinery, buildings and
materials needed for such work, are
10 be found at the well and are in use
in connection with the undertaking.
Everything is of the best and will az
ford the company ample facilities for
boring to a depth of 4 800 feet. II need
be. TO determine the old-producing
possibilities OF the property. A small
dynamo furnishes electricity for light
ing the engine and boiler rooms. and
the living apartments OF the drilIsr
and his family at night. hile steam
pump supplies the power for the con
veyance OF water from a well nearby
10 all parts OF the plant.
The boring operations are in charge
OF Ernest Stultz. who has had a val
liable experience in such work in
Texas. Wyoming and Montana OIL
nelds He is very optimistic over the
prospect OF striking OIL after the prop
er stratum has been penetrated. and
he says he knows Of no locality in the
country where the indications are bet
ter than they are on the company's
property on Four Mile creek.
Some OF the most notable oil eX-
peris OF Pennsylvania. West Virginia.
Texas and other oil-produc!ug states
have visited the property and have
expressed the opinion that the unccV-
ering of petroleum in paying quaint
ties there Is highly encouraging 20 say
the least SO ennfdent is the com
pany In the triumph Of It's undertak-
Ing that It has secured leases on ap-
proximately 5000 acres OF land IN
the neighborhood of its wei. and is in
The market for more. II IL can be had.
Mr. Homan, thoroughly practical
man with many years experience as
an engineer and oil expert in West
Virginia and other states~where the
petroleum resources OF Mother Earth
are being developed. says he has seen
no place In the country where the out
look is SO alluring TO the oil men as IN
the Four Mile district There is
nothing visionary in his statement.
which is based on well-known geologic
facts. and the indications of the en-
vironmeni Mr.. Homan has made an
exhaustive study OF the field and his
Investigations have been conducted
with a knowledge of things" that
has been ripened and broadened by
academic preparation and a varied en-.
gineering experience in field work.
His deductions are logical and con-
vincing. and he is able TO give rea-
son for "the faith that's In him"
The company's property is four
miles northeast OF town. and the well
It is putting down is on the A. ].
Green ranch. near the creek bed. half
n mile east OF the Garden Park road.
The location is an admirable one in
all respects. easily accessible by auto
mobile. II there is any oil-bearing
strata in the neighborhood II can be
more easily reached at the company's
well than elsewhere in the -Four Mile
district.
The geology on the company's prop
erty is peculiarly favorable for oil. be-
ing practically in the center of what
appears to be great dome. under
which II seems almost certain that
vast quantities OF petroleum exists.
Beginning with a stratum OF Pierre, or
shale. extending TO a depth computed
at about 500 feet. follows the Niobrara
stratum OF about like thickness.
whoch is succeeded in turn by the
Benton, $50 feet thick. the Dakota, 400
feet, the Morrison, 400. the Red Beds.
1.200 feet thick, and so on down 20
the igneous. the spinalia of Mother
Earth. The outlook is flattering that
the company will strike oil in the Ben
ton sands at depth OF something
lihe 1900 or 1900 feet below the sur
face. In the Morrisonsands at 100
feet, Il will have another chance. in
fact, the likelihood are greater at the
lower depth than in the former. A
thorough test of the latter will be
made. and the general belief of those
who have studied the subject is that
II will succeed.
The Canon City Petroleum Com
pany is no wildcat organization formed
for selling stock. but Is a corporation
launched by substantial, responsible
business men for the development Of