, 1923-05-17

tIlio SllNs WV otAlSi 6OOu G'1>S
and the other at Blackwell, Okla
Wyoming's isolation from the
great refining centers has in TIE pa I
been a great handicapp to oil COM
panies operating in this state hut the
Producers and Refners like the Tex
as and Standard corporations, has
solved the problem by the building OF
a modern refinery.
Indications point to the probability
of the demand for light oil exceed
ing the supply and this applies par
ticularly to the present year with the
automobile industry booming. Re-
fners are turning to Wyoming.
whose nelds have barely been touch
cd, as a source from which additional
supplies OF light oil. may be obtain
ed in large quantities. The new pipe
limo extending from the Mid-Contin-
ent field will make this crude avail
able to the eastern markets and from
all expectations Wyoming will be
drawn on heavily to meet the anti
cipated scarcity in light oil supply.
Producers and Refners Corporation
is the largest independent factor in
the Wyoming oil fields. second In i'm
p0rtance to the Standard interests.
Iu6 6oIt \Icch utiu 10 bobatuSu
A. one OF the most prolific light oil
fields In the United States. Accord
inS to biologists II has nine layers OF
sands capable of producing oil and
the present large production OF the
feld Ii being obtained from only
two Of these sands. Producers and
Rehners' holdings In the Salt Creek
held In Wyoming comprise about s.
900 acres or about one-eighth of the
entire field.
the gagged daily capacity OF the
enmpany's wells In this field at pres
enA amounts to about 10000 bar
rolls and It's holdings there are drill
ID only about 10. Independent
biologists estimate. based upon an
examination of tho sands which are
OF similar formation to tho Bartlcs-
vile sands In Oklahoma. that the
oompany's wells in this feid should
yield oil for = period Of twenty-five
years. The prospective amount OF
crude oil. therefore. which the COM
pAny can draw from this one field
alone runs into large totals.
Producers and Rcnners Corpora
ton has n total productive capacity
NJ around $4,000 barrels daily In
Wyoming. which with It's production
IN the Mid-Contincnt district gives II
. total daily cmpscity Of over 10000
barrels. As the reHncries will need
only 10000 barrels daily. the COM
pany will have an exccss crude oil
drilled which should increase the
available supply OF crude. so that
tho company In In the very favorable
poAitson of having ample crude oil
productive capacity TO run its renn-
cries and a surplus supply to soil
In tho open market. Mid-Contincnt
crude oil Of approximately the same
grade a. Salt Greek crude In At pres
ent selling around $3.50 per barrel
and when rho pip. line In completed
Il h expected that tho pricc OF Wy
ominE crude ought to approximate
that 0f Mid-Continent oil OF like era
witty.
In addition TO It's Salt Creek hold
snu tho company has substantial nc
rcage In other parts OF Wyoming. to-
falling In all about 1907 900 acres. In
che Ferris. Mahoncy Dome. shcrard
and Lost Soldicr-W crtx fclds tWyo-
minE) tho company owns or controls
apVrormatcly $1,000 acres OF leases.
su kuGtb bgtNr ~ WI
o4dered BY competent oil men and
~ea9insees 70 bc ono Of tho best large
Hooks Of proven and productive oil
and gas properties In southern Wyo-
ming.
Holdings IN tho Lost Soidicr-W crtx
hsads comprise $500 acres. n sub
seAntlal portion Of which II consider
81 provon oil territory and tho bal
eaee appears 70 be gas territory. TO
% THE land the corporation has
shree producinG oil wells having Z
eomblAs1 9uaeed production Of g..
zee barrels per day. two huge gas
eaelty Of iso.soe.e>e suSte test Of
~ ~ 1Ay. ard . natafa1 Gasetlne
Qeeleeeboa q 1890 gsiieas ~ 1ay.
4 5.oo0 6orTol weo1 Wao be1agha d
~ o0eeAoe oo0pany Il thaoo eoo1s
~ ee0ee oo0oaaies have developed