The Fallon standard. (Fallon, Nev.) 1920-1958, 1922-06-14
DriIIer Predicts
Big Producer
Dgiiler Tor Diamond Oil Go. SAYS
formation Indicates Close
Proximity of Oil
OTHER OPERATORS IN FIELD
CONFIDENT OF SUCCESS
Pioneer Oil Co. to Resume Opera
tions; Eastern kinanciers 10
Furnish Capital

meeting Of the directors of the
Diamond OH Company vas held In
heno Saturday afternoon at whicA
1t VAS decided co withdraw the stoek
from the market on June 26th This
decision was reached after hearing
reports by Drlllers Briggs ana BeeA-
doit. bechdolt said IN part: As
you al know, the oil business is now
beng reduced to a science and when
a veil IN other fields is drilled 10
near the point where oil is expected
the operations are turned over to
production man. A production man
attains this position only after years
OF experience in drilling and going
through many formations in varied
heids as no two fields are exactly
alike. However, l have never known
it to TAIL that when a field shows
alternating strata OF black lime
stone and blue shale, it is bound to
become a big producer at depth. |
predict that when our we'll is
brought in 1t VIII be big producer
The very hard lime cappings that
have been encountered in every part
OF the ballon field would show that
tae oil has been tightly sealed with
no chance OF escape by seepage or
evaporation. | would not predict a
GATE Tor bringing in the Diamond.
but would not be surprised ii it
came before June Goth" Mr.. Bech-
dolt seems most confident of this
fact and says further that, while
nc one can foretell in an unproven
-Aeld, at what depth nor in the exact
formation, a commercial we'll may be
brought in. However, according to
all the rules OF the game there
should be an oil sand very close to
the formation the bit is now in"
The falion Union installed
heavy mud pump last Friday and
drilling was resumed with excellent
that Driller Hart now in California
on business for the company is meet
ing With success This company mas
had many setbacks since it began
operations, but the management
keeps plugging along in spite of
these and are confident in a short
whiie to show a real commercial
we'll.
The CalaneYa is making slow
progress through hard formation
similar to that encountered in other
wells at this depth.
At a meeting of the board of di-
reetors Of the Pioneer Oil Company
recently held contract was let to
a New York financing company for
needed capital TO resume operations
on the eompany's holdings. 1t is ex-
peeted that drilling operations will
be resumed in July.
The Syndicate is looking like the
real thing and may bust in any day
with producer. This we'll went
through % inches of oil sand and
six inches of coal ON Saturday.
Rumor is current upon the street
that the Fallon Union Is controlled
by tie Syndicate. In running this
ramor down the management of
both companies deny such an ar
rangement in toto. Officials of the
Union declare they are absolutely
independent of all other companies
in the field or anywhere else in this
OF any other country. That the
company belongs to and is run for
I the benefit of its shareholders. They
are striving TO bring in the first
commercial well and to this end are
working as rapidly as possible.