Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1939-04-29

A these lines are being written. the
Able West-Dahlquist No. flowing
well in the high gravity pool west
of Kelvin is just two weeks old In that
brief time this we'll has produced enough
oil to pay the drilling cost.
To the royalty owner this means an
earning rate of about 500 per month on
one per cent royalty. That IS not Tor
tune but with vacation time at hand 1t
is a wonderful bit of news for fortunate
owners of Dahlquist royalty. 1t is
rate of earning that would pay out the
total investment of many of our clients
in a very short time, leaving them with
all their royalties and their future earn
ings as a net profit.
The Big West-Dahlquist we'll is an ex-
ample of the potentianities of this great
Kevin-Sunburst field. Every person VINO
owns a royalty or lease in this field is
cheered by the evidence afforded that
undeveloped portions may at any time
give a flowing well as valuable as those
of the so-called gusher days
Less than half mile distant from the
Dahlouist we'll are the small producers
drilled in pioneer days by r. c. Tarrant.
Those wells were so "lean" that Tarrant
careful operator, threw up his Kevln-
Sunburst leases and went elsewhere. The
direct offset to the Dahlquist, the Fulton
Thompson No. 1, would have been aban-
doned had it been drilled in the early
DAYS of Kevn-Sunburst In fact, this
area was considered condemned" before
the DAYS of acidization. The Dahlquist
farm was not considered worth the a.
mount of the delinquent taxes, as we
well recall.
ON the other hand, think what would
have happened had the discovery well
in this field been drilled in the location
of the Dahlquist No. and had II come
in producing at the rate of 1000 bar
rels of 80 gravity crude per day. IL
would have put royalty prices at place
where none of us could have made any
money AS it is, the postponment OF the
day of discovery made it possible Tor
some of us who had faith, II not vision,
to buy lands and royalties in the district
which now appears to be the most val
liable spot in the field.
From the history of drilling we can
learn many lessons which can be turned
into profitable investments. We nave
seen the condemned" area of this flelo
developed through the science OF acldl-
cation into the most valuable And IN
the meantime we have had opportunity
for far more profitable investments than
in the heydey of the field. Those who
bark back to the "good old days" ire
quently fail to compare the cost OF roy
alties in recent years with these of the
early days of Kevin-Sunburst field.
Today we realize that where we can
buy royalty in an undeveloped area we
always have an opportunity to get an
other Dahlquist No. s. That does not
apply to intensivey drilled areas, such
as the Fulton-Rice pool, where millions
of barrels of oil have been taken from
the reservoir rocks. but it applies to
districts where there has not been
large recovery of oil.
Our members own royalties on two
sides of the Dahlquist farm. whether
there will be another big flowing well IN
the district we do not know. We know
that there are not many wells OF that
calibre However, we feel certain that
we are going to have SOME oil and on