OCR Interpretation


Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, November 28, 1931, Image 8

Image and text provided by Montana Historical Society; Helena, MT

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86075103/1931-11-28/ed-1/seq-8/

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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
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plainly on a separata sheet
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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.
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