The Fallon standard. (Fallon, Nev.) 1920-1958, 1923-02-14
Oil Situation
Takes On Life
Elko Has Good Show
inQ. Local Field
is Active

During the past week some pro-
gress has been made on the two wells
that are operating In the Iallon o.i
field. At the Syndicate TIE removal
of the wooden plug that was used Ia,
the cementing process sis Gtill a mat
te rof concern owing to the gas pres
sure below. The plug has been driy-
en- down nearly every day IN the
hopes of breaking it up only to re
forced up each morning.
During the bailing each DAY .nos.
encouraging prospects are SHOWN as
some oil accompanies each bailing
Those who visited the well this week
all agree that the outlook for a we'll
Is most encouraging as there has
been oil in considerable quantity
brought up with every baiiing while
the gas pressure has steadily IN
creased. This makes the work OF
the removal of obstruction hard Dut
at the same time lends encourage
ment to the driller and those watch
ing operations. 1t is probable that a
new tool will be used this coming
pipe line that the drilling may con-
tinue on down to the objective point
Over at the Lahontan progress is
being made. Last week a portion of
the time was put in fishing for lost
tool. This was brought out when
the underreamer was found defective
and had to be repaired. A few days
ago this was again in working con-
dition and those coming in from the
well say that good progress 10 being
made and that the formation 10 as
anticipated and that confidenoe is
g. nerally felt that this will be one of
the first wells in. With no further
set-backs the Lahontan should this
coming week make AN =, excellent
showing.
Word came in from Elko this week
that the field was looking most flat
tering. The Fallon operators are
keeping their eye on the Elko people,
as 1t is felt that oil In any district
lends encouragement to one of the
most promising ventures in the state.
Over in Carson an attempt will be
made to keep the bonus for we'll on
the statute books together with
little better terms to the men who
are risking their time, money and
afforts in the attempt to develop oil
in the state. II is believed that the
bonus will be continued and that IL
should go even further and spread
assistance to more than one field. as
the men operating are doing SO In
good faith and with the hopes of
proving that the state has all the
good things, even oil.
Several days ago word was re-
ceiyed from Elko and published In
Reno to the effect that the Elko
Development Company had reached
point in its well that indicated oil
and that considerable real excite
The following dispatch received BY
the Standard verifles the report of
earlier in the week:
Elko, Nevada, Feb 49, 1928
THE Elko Development and I'M
provement Company today aanoune-
ed that its stock was Withdrawn from
the market at IL o clock midnight
last night and that 1t has reached oil
sand and would proceed at once to
drill its test we'll in. Geologlst Geo.
H. Hook, of Los Angeles, arrived
here yesterday and states that COM
mercial production is assured beyond
all doubt. Mechanical operation In
cideht to drilling we'll in least time
of completion is indefinite, but Il Is
expected that the Elko field swill be
producing by early spring. The order
of withdrawal is positive and the
company has refused numerous or
ders for considerable blocks of stock
here today. The statement that the
drill is resting In sand saturated with
petroleum. has been verified. The
geologist states that the major pro-
duction lies in neighborhood of thirty
feet from present sand. The prelim-
mary work of drilling in to begin
today"