, 1921-06-09
OIL INDUSTRY OF
STATE IS HARD HIT
OIL Journal Advises Operators 10
Lay Their Cards on the Table and
Look for q Hidden Ace-Tide
Will Turn.

OIL industry or wyoming II DelnB
hard hit is indicated by the follow
ing taken from the last issue OF the
Wyoming Oil World, and the editor
of that journal makes some very
wise remarks in referring to exist
ing conditions:
With the latest cut in the posted
price OF Salt Creek crude bringing 1t
down t o$1.0O per barrel. and fur-
ther reductions threatened, local
operators have reached a point where
q survey Of the situation Is impera-
tive. Level heads are required to
meet the situation as 1t is now being
discussed land in many cases cussed)
on the streets and in the gathering
places of the city.
Lay Your Cards ON the Table.
Operators, 1t Is time to lay your
cards OF the table face up and look
'em over closely as you may have
an ace buried that has been over
looked. Other industries Of h
country have taken their losses con-
sequent on the drop In prices fol-
lowing the war and 1t Is now up to
the oil industry to follow suit. Metal
| mines all over the country have been
| closed down, farmers and stockmen
have gone bankrupt and that the oil
Industry has not been worse hit than
It is speaks volumes for the stability
Of the business. These are plain
words and disagreeable facts but the
sooner we quit kidding ourselves thai
the worst Is over, the better it will
he for all concerned. Knowing the
truth will the better prepare US to
remedy the ills.
Standard Oil Saved the Day.
While it has been truly said that
comparisons are odious, 1t Is none
the less true that operators in the
Rocky Mountain region and in Salt
Creek district are better off than
producers in most OF h other d.
visions because OF the larger pro-
duction pei well. Yet the local sit,
uation as concerns Salt Creek and
Casper is not without it's danger
points. The fact that Salt Creek
production has not gone the way OF
other great pools like Gushing and
Burkhurnett is that 1t has been
largely controlled by the same inter-
ests. 1t is quite a popular pastime
to cuss the Standard Oil Co, but the
fact that the Standard bought into
Salt Creek Is what has both made
and proved the field up to the pres
ent time. Being practically under
the control OF one interest, it has
been able to bring in the produc-
ton as needed to supply the mar
kets within a prescribed area.
Fifty Years supply.
It may be true that competition is
the life of trade or there may have
peer a time when it was, but in the
case Of an oil field o much oppo-
sition for that particular field. With
the prone handling Of the produce
| &iop AZ Colt rronk tho field will nrD-
duce oil for the next SO years and
continue all this time to the %upbuild-
ing and prosperity of Casper and the
entire state OF Wyoming. With in
discriminate drilling. the field will
not last 10 years. There are enough
interests now in Salt Creek for the
good of the field and 1t would be
better for the public and all con-
cerned IL the remaining acreage
owned by the government was never
leased. -
Night Got Worlds Greatest OFT |
Pools
What has been said in regard to-
drilling operations at Salt Creek also
applies to refineries although in a
less degree. One or two more re-
fineries and another pipe line or two
by the way Of opposition would no
uoupt prove Denellclal Dut the
Platte might be lined with refineries
and a net work of pipe lines laid be-
tween Casper and Salt Creek until
an output of 10000 barrels a day
is Obtained-but to what advantage?
The chief result would be the i'm
mediate cutting OF the worlds great
est high grade oil pool and leaving
only the empty shell while on the
other hand II operations are carried
on in a conservative manner pro-
ducing only such quantities as can
be marketed as produced. Salt
Creek will still be producing for de-
cades and with the present temper
airy depression overcome, this terri
tory will be swimming on the tide
Of prosperity.
II you 1ran< IT, A~. L.-