The Fallon standard. (Fallon, Nev.) 1920-1958, 1921-09-28
The Week in
The Oil Fields
More Optimistic Feeling is Notice
able Which Is Reflected In Re-
yival In Stock Market

The past week has been devoid OF
special features in oil circles, but
there prevails all over the district a
distinct note OF confidence and re-
yiyal OF interest that has been not
ably absent for some time.
This can probably be attributed to
the gratifying progress that has
characterized the work at the wells
or all the operating companies. To
this may be added the expectancy
that is natural now that several OF
them have passed, and more are
very near, the 1000 mark IN depth
and are now approaching a level
where the more conservative have
all along been predicting that some
thing may be found. Notwitnstand-
ing the hope that has been held out
by the more sanguine, whose pre-
dictions were PROBABLY more infiu-
eneed by their desires to keep things
going than sincere belief in their
predictions that tue talion field
would prove TO be shallow held,
there has always been feeling that
the possibilities OF oil underlying
this valley would never be satisfac-
torily proven or disproyen until the
drills mad penetrated to a depth OF
at least 2500 feet.
There has been the usual heart
breaking dlsappointments tnat nave
marAed the pioneer In all undertake
lngs OF this kind, but with the conf
dence inspired by an unfaltering be-
/ lief several companies have dogged-
iy perseyered and in the face of ad-
verse financial conditions have kept
the drills going down. That the
geological conditions are right and
that the field actually contains a
well defined oil structure has been
proven beyond a doubt In various
sections OF the prospected area. This
fact has finally been accepted by the
investing public and undoubtedly Is
contributing factor in the improv-
ed condition of the market in Fall
Ion oil stocks.
The Syndicate Oil company. q
close corporation sufficiently financ-
ed TO go to any desired depth, Is
now down over 1400 feet with q To-
inch hole and has encountered such
hard going that the rotary drill had
to give way to cone bit that Is max
ing satisfactory progress. Strong
gas flows have been encountered at
various stages in this property
All attempts to move the casing
I oefaafafad off - fact In fba D{n-
neer have proved unayailing and the
work of sinking without casing from
this point has been resumed. The
hole has now passed the 1900 mark
and is in hard blue lime with slight
oil seepages that show with each
baling.
At the Fallon Union the work of
cleaning out the hole is proceeding
and there is a very strong gas show
ing that frequently forces the water
up in the well in pulsations. Many
local people believe that ii there is
a shallow we'll in Fallon it will be
the tallon Union and the work there
is being closely watched.
Out at the Lahontan they have
gone well past the 1900 mark and
are probably the deepest we'll at
this writing in the field. They are
cased with 10-inch pipe to 1903 feet
and according to report have passed
through about 200 feet of hard blue
lime Gaping and are now in what Is
believed to be an oil sand. At any
rate there is feeling of expectancy
in the community that something is
liable TO happen at the Lahontan
any day.
The Diamond has been held up
with tool trouble, but is now going
ahead at a depth of around 1900
feet with a strong odor of sulphur
in the balings and a showing of oil
in the drillings brought up by the
baler.
Altogether it has been a very sat
isfactory week in the oil game.