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Newspaper Page Text
Of 7,250 barrel«
registered in the daily »' rer ' crade oil production ab increase was W «iMpppppp ■■WfP ^ in the United States for the week radius Nor. 14 .according to the weekly survey of tfee American Institute The daily ■^■of Cal Petroleum average production east > fonda decreased 4.56® barrels to 1.HI.150 barrels The Bast Central Texas are small Increase of nly 560 barrels while the Bast Taxa* flush area showed a drop of 8Î200 barrets, attributable to the latest cut In dally allowable well by Texas The total production per prorat ion authorities Oklahoma production showed an of 5.000 barrels while increase Kansas statistics indicated a drop of 5,550 barrels. The A. P. I. figures also show ed that refineries representing 95.5 per cent of estimated total rapacity, operated at «5.0 per cent of their capacity, reported of crade oil 2.343,000 barrels. daily average runs to stiHs Daily average the previous week for refineries representing 95-t cent of total, operated at tK*P 62.« per cent of capacity, was 2,204,000. Gasoline hese refineries were reported as 31.501,000 barrels, compared to 32,0171,000 for the previous week. Production of cracked gasoline refineries representing 96.« »tacks at by cent of total charging ca ' pacify was 8474.000 barrels. Pro duction for the week preceding toy refineries representing 96.8 cent of total capacity was 3, per per 445,000 barrels. Imports of crude and refined oils at principal United States ports totaled 715.000 barrels, against 1,840,000 barrels for the previous week. CANADIANS Costtaveà from Psge Owl Oils, Ltd,, of Calgary, oper ating in the Turner Valley ftel«C announced payment of $25,000 dividend. The company has so far this year paid $75,000 to stock holders, principally residents of Alberta. il Possible With $1 oil prices now in ef fect and with a general reviv al of drilling activity noted as a result, observers expftct that additional . dividend* may shortly be expected from com panies operating in the north Rooky Mountain regions. This district, free from ov prodnetion problem» and separated from the "distress" areas by high freight rate«, will as a result see activity reach a new high peak during the next 12 months, with a market for more o3 than can be produced these same obser vers think. '■ OOCH><KrOHS<H3KKH3HÛH5H>CHyeHOOOOOOOt>OOOOOOOOI> FREE! Fortunes will be made by those who keep in touco with Montana oil and mining development daring the coming months. Important happenings are coming! If you have a friend whom you would like to keep in touch with this interesting and profitable situation, fill oat the coupon below, good for one month's FRt Zi TRIAL SUBSCRIPTION TO Montana Oil & Mining Journal No obligation—fill out today! or Box wish the Journal sent to mors than on*. plainly on a separata sheet add I MINING JOURNAL MOW*. ' . — - - — h •* Courte« y MorrtKHi News News that a well with an initial of ap- eqi proximately 30,000 barrel« daily has been «1* completed in the Kettleman Hills field in (California has served to recall the fact that the famous Lake View gusher in the than Maricopa field, coraipleted in 1910, estab- well t lished a record which has never since been the pi California. The * had wrecked the a geyser of oil, lay initially J * p) barrels »during at. ires taken. was 1 NORTH FORK i Continued from Page One) not shutting pany. "We are down," he says. Another report said that pro duction was expected at 700 feet on the No. 2 well, where a rig is in operation. It was sent to the location on the advice of a pro minent geologist. the report states. * It was originally Intended to drill through an obstruction at 2,990 feet In the No. 1 well with a rotary rig but operations were shifted to the new location when the lease, derrick equipment and of another was acreage secured for a stock considera tion. The rotary equipment is ex pected to arrive in another wee*. W. C, Berne was down from Columbia FaB* district yesterday and said that a diamond drill ha* been set up on the Crow's Nest OB Co. acreage. The location Is Just a short distance from the original well upon which so much wort: has been done. The diamond drill was brought in up and drilling started Friday. This is more of a tost and ike location was made by an oil finding instrument, more com monly known as a doodlebug. The Instrument indicates that oil wHl be found within 900 feet, according to Information said t® bs given out by the op orator of the finder. THE «TATS AN» : CADI, TU« GERAT FALUH BANK, a Nat louai Ban; tion. with It» priaclj liuaiuesa at Greet Fail*, Kliuor William Roberta, tore with tb« W1U Am Rotate of Jolla Roberta, va. MARGARET 8. UCh LBN. ; 11 : non ms P. M. of mii tki to-i witi wis it Bant W' t more e Oov ig i. thl 3W mt. roomy, «bei km Kov. 2». 1! SB») e volume a il not pernti « to the lad the by an old ce icing draine^ i have be**Ti I, «J urn » «AI ICC it 54 feet. i to the pro (] c in — -m—w *r r?* m * » .. ~-- y — 0 arc believe 1 evitable, supply a to work : side intes Post ini law allowed out out fore s priai Additional state and vdopmeat area« as y cd, it is I I - — N TO 81 i||Pg % ■ 'v. r ^tjlAâ cm. pV I Wpl 'rspcyaes ■mm ■ - = Mg K -' ■: m. ■" IW; : m $ . - •V ;» .V MMà - H V t sSF — SBæSS ' : 'S*k y .rai »V- ' s Bpi V, ® s m. m» ■ .y . ; I® * X-'JlSS. ■ *. ■ '£■ - ml rn â ' * l ■. -h |l- 0' y id u<~ct ?.'SL * ! ■ mm - ■ mm -y. . J. m - Ü . ' m&S ' \ ? r, - .1 ; H - w m*. . hr. y 1 r - ' 5 S ■gSdmk Ik 4 .. . Mi ^ 'Vi . llsl ; y ' «Bpnpj C. ' ■■V ; ; - P. ( ■ • * X : « K Ik.