, 1921-11-10

80 a. was cslled for an Indefinite
nnrnose prompted by recent discus-
sro1s In the PRESS and by tho condi-
,to1s which opentors were fAeJng.
Afr. sullivan then called on h b.
R1oo,cs to preside az chairman OF the
nesting
The fireunrks started when Mr.,
brooks brought out the questions
which have proven troublesome 20 the
onerators. He stated that there were
many pulling questions facing opsr-
s.ors and said that the big companies
vould have TO produce a c and fig
ures TO combat the prejudice. 2
After preliminary remarks Mr..
prooks asked L. ]. Sullivan. the man
xso called the meeting to crystalise
M. suggestions by outlining the pro-
cedur, . the meet He urged an or
ra.dzatioh TO protect the interests of
indepe..ants.
c. b. Richardson. president of the
western Exploration company criti-
cised the existing ,d~ifferential between
wyoming and Mid-continent fields.
one Of his most stringent criticisms
Aas that oil which is taken by tie
as It's share OF the royalty
under the terms of the leasing bill was
sold at the shipping board ut 90 cents
a barrel the existing price in Wyo-
ming fields. This IS gravity OF was
exchanged for IL grsvlty California
oil At the rate OF oDs and ffve-eighths
barrels Of Wyoming oil for one bar
rel OF California crude. The Califor-
MA crude was selling at s1.90 a bar
rel and this permitted the shipping
board { t.nn Wyoming crude in at
si.1s whan It was only bringing so
cents ir the state.
He also charged that at tho same
tim. the state was receiving s1.5O n
bgrrel for royalty oil and said II sub
nit gentlemen Il that is not an unfair
proposition" He approved the forma-
ton OF an organization which would
determine carefully the facts . func-
ton as a unit and get relief.
Governor Carey admitted he was
not Interested In the oil br>iness ex-
cept as n protector of the interests
of the people who held a triple inter
crude oil. These interests he outlined
as tho
37n per sent state share of royalty
Royalty direct frdm state lands.
wyoming's interest in the 47h per
gent of the government royalty which
goes to tho reclamation fund.
The interest which oil price bears
the taxation.
He then told Mt length OF the ef.
forts he has made In behalf of oil men
and how he secured the cooperation
of many federal bureaus In working
out an equitable price for Wyoming
Oh.
He held that II the state and nm
tional governments co-operated. Wyo-
ming could talk business to big re-
fiaers. Many state lease held by the
purchasing agents now expire Decem
Der 81 of this year and government
shipping board contracts expire next
fall. New contracts could be held
as a whip over the industry. he said
He believed that another refinery
and pipeline was necessary, He
pleaded against legislation that would
restrict capital and drive out business
but said he didn't want the state to
take the worst Of It.
Ex-Governor Brooks called atten-
ton to the fact that It In estimated
that the two producing sands at Salt
Creek will yield 400. 900 900 barrels of
oil He suggested that It was inadvis-
able to transport the crude oil out of
Wyoming by pipeline to overcome the
~differential but he said 1t was not
without the realm Of possibility that
.. pipeline to carry gasoline could be
built to Chicago or elsewhere and the
existing price differential overcome
He thought such an arrangement
6ould be made at a cost Of approx
mately 15 cents on the dollar 1t now
costs to ship oil and gasoline to the
marketh
E. T. williams exploded IN the
three per cent charge which the pur;
chasing agencies charge for handling
crude. This is the oil charged of to-
tai runs as b. 8. He said that It was
an unjust and unexplninable charge.
He queried what will the r~efineries
be charging when they purchase u
oil three years from now when there
actually Is a little water in the OIL"
BARREL for barrel wyoming oil will
mako up the d%ifferential in the better
qualities It retains over the mid-con-
were equal" he said.
f16 lauIlC4lcu d lrdao on bno NIL
west-Standard interests which was
picturesque with profane sincerity.
He said at the present curtailed pro-
duction that the companies could not
operate at a profit and that 1t re-
quired rs per cent of full operation to
show a profit
Mr.. Brooks said 10 per cent OF Salt
Creek nil can be taken off as gasoline
and that 1t was one OF the best oils
In the world He said that the differ
entail In gas was rel more ezagger-
ated. II briggs six cents IN Salt
Creek and ~ cents In the Mid-conti-
nent.
n. Z. West Of west and Hazlett
approved the plan of the meeting and
organization.
Charles A. Guenther. Mike Henry
on company. loaned his voice to it's
support and asked for united effort
to force a fair deal.
H II. Schwartz, New York OIL com.
pany, asked enforcement of state stat
utes making pipelines common car
riers where they cross public domain.
He said that such RELIEF was provid-
ed In the leasing bill and IL was only
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