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ontarf'^i' Journal ESTABLISHED 1921 JTW. PUBLISHED WEEKLY ft Owned and published by the Montana Oil Journal, a Partnership. Address all communications to 018 First National Bank Building, Great Palls, Montana. O. I. DeSCHON, publisher. SUBSCRIPTION RATES: 82.00 Per Year in Advance—Canada and Foreign Subscriptions 82.50 Foreign $1.75—6 Months. 81.25—6 Months. Published Every Saturday. Entered as Second Class Matter, April 23, 1921, at the Postoffice at Great Falls, Montana.—Under Act of March 3, 1879. Per Year. The Montana Oil & Mining Journal endeavors to insure the honesty and trustworthiness of every advertisement It prints and avoid the publication of all advertisements containing misleading statements or claims. Advertising copy must reach this office by 5:00 P. M. Thurs day for insertion In succeeding Issue. ADVERTISING RATES ON APPLICATION WE BELIEVE GEOPHYSICAL SURVEYS have been definitely proven in dispensible in Montana. Every wildcat should have both Madison and Devonian "highs" determined by reflection seismograph before drilling begins. DEEPER DRILLING is essential to write the real history of the Montana oil industry. The major source of Mon tana petroleum is in formations BELOW FITE RIG LIME. Abandonment of wells at the Cat Creek horizon is stupidity. No well should be considered a completion until it is drilled into the Devonian. Dnnrnnrfl fi f f T /// Tift nA* uooryara or i in nanti swabbed. Indications were that it was about 80 percent water. The nearby Rigney producer had water In the Cut Bank sand. The Fee No. 1 has 7-inch pipe cemented at 2953; surface eleva tlon, 3953. Other operations follow: New locations: Santa Rita-Jacobson No. 3, C SEI SWI 7-33-5W, location, Cobb-Tribal 206 No. 2, SW NWJ SWI 19-32-5W, 2944. Consolidated-Frary-Tribal 172 No. 3, SW NWi NW1 18-33-5W, drilling ln. 2 910 - 4 SW SWi NWi 2-35-6W, was shot with 100 quarts of nitro glycerin. It had been making around 40 barrels. Glacier Production-Barrington No. 3, C SWi SEI 18-33-5W. 1110; Colo rado shale, 610, surface pipe cemented at 670. Offset to Big Well Due in Hanlon-Tribal 196 No. 2, SE NEi NEi 30-32-5W, has 7-inch set at 2794, ready to drill in. This is in the Tribal pool, offsetting the Jeffries 1,000-bar rel well. Indian Oil-Fee No. 2. C NWi SWi 4-34-6W, bottoms at 3078, having had Ellis at 3067. Completion data is not available but it reported "a quart of oil and a gallon of water" in the lower Cut Bank, and is preparing to aban don. Jeffries-Tribal 197 No. 2, SW SWi NWI 30-32-5W, is cementing 6i-inch pipe at 2948, ready to drill in. It is in the new Tribal pool, west of the big well. LawIer-Hocrr-CIarkson No. 2, SW SWi SWi 9-33-5W, 1875. Par Oil-Tribal 200 No. L SE SEi SEi 13-32-6W, has been shot with nitro glycerin six times, the last shot, 200 quarts; now cleaning out. Par Oil-Tribal 204 No. 2, NW comer Lot 3, Sec. 13-32-6W, 2640, fishing for lost bit. 'Santa Rita-State No. 1, SW NEi SEi 25-33-6W, dry. Completion data: Sunburst sand, 2855-2875; upper Cut Bank, 2900-2918; lower Cut Bank, 2918 2956. broken sand and shale, no show Oil Well in East (Continued from Page One) Glacier Prod action-Rigney No. ing. Santa Rita-Rasmusson No. 7, GEL NWi EW1 33-33-5W. had no distinc tive sands but had Sunburst and Cut Bank sand from 2885 to 2942 with varigated shales from 2942 * to 2950 where the lower Cut Bank should have been; no showings throughout; Ellis shale, 2950-2998. It is being abandoned after shooting with 120 quarts of nitro glycerin. Santa Rita-Tribal No. 15, SW SEi i NEi 3-35-6W, 2300. Tarrant-Lenoir No. 1, SW SWi NWi 17-31-5W, spudded and is completing 1 rigging up. Texaco-Bonnet No. 4, C SEi SWi 8- j 32-5W, is now called the "three-bit well," having three bits lost in it. After I EE = EE =~ == 55 GRIZZLY (DÜBBS - CRACKED) GASOLINE The West's S' XT' most sensational and fastest selling gasoline .i 8 9 mm Mi Quicker Starting Greater Power Cleaner Motor More Mileage - • - Wki L I ' NORTHWEST REFINING COMPANY A Cat Bank, Montana loss of a 10-inch bit the 8-lnch bit was lost at 2615. A whipstock was used i to drill past the lost bit and another 8 _ inch blt was lost at the same depth as the other, In the parallel hole. j Tcxaco-Government B No. 4, C SWi j SW t 17-32-5W, 2415. Texaco-Lindqulst No. 4, CWL NEi ; ^ 20-32-5W, averaged 50 barrels during the first 10 days. Texaco-Miller-Morgan No. 1, CEL i NEi NE1 32-33-5W, fishing for lost : bailer dropped from top of the hole i t0 2 882. Texaco-Government B No. 5, C Lot 2 , Sec. 20-32-5W, 1135. Colorado shale, 425 10 -inch pipe at 454. ' Texaco-SUte M 455 No. 10. C SWi SWi 16-32-5W, rigging up. Texaco-Government A No. 4, C SEi 17-32-5W rig up. 4 ' _ Oil /tldUStTlJ 18 v Holding Firm as Winter Approaches (Continued from Page One) ! oil prices has been equal to 18 points from 93 percent of the base period prices to 111 percent. Gasoline prices have recovered 28 points or from 81 percent of the 1935-36-37 level to 109 | percent. The price indexes for both j crude oil and gasoline have remained relatively unchanged for over four months. _ 55 EE 55 ■<$ Midway Well Has Gas Flow in Cut Bank (Continued from Page One) NEI 24-35-2W, is making 20 barrels natural. Rimrotk-Schmldt No. 8, SE SEi NWi 29-35-3W, 1210. Superior Petroleum-Govt. No. 4, C SWi NWi 24-35-3W, treated with four stages and got 700 gallons of acid into the formation without finding porosity. Results are uncertain. Vanderpas-Ward No. 5, NE NEi SEi 29-35-3W, had a showing of oil at 1745 and treated with 500 gallons of Dowell-XX acid; now testing. Welsh Brother-Zachor No. 5, CWL NWi NEI 29-35-1W, which had oil in the Sunburst sand, shot with 30 quarts of nitro glycerin from 1307 to 1325. Housewives of Mexico are demanding more electric housekeeping helps. OIL INSURANCE Handled By Experts PHONE 6858 GREAT FALLS, MONT. a mam m rm Sunburst » "Is your boy friend broad-minded?" "Yes, that's all he ever thinks off" _ , The man from the city went to the store at the Missouri crossroads and bought a couple of nightshirts. When he had completed his purchase and |iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiim THE HIDDEN $6,000,000,000 "Hidden around this seriously damaged, if not ruined—not by bombs but by WASTEFUL PRO DUCTION. Every oil man knows that European oil fields are being ruined by being produced at capacity, as is Turner Valley, under war urgency. American oil fields will suffer likewise before this is over. More oil fields MUST be found and oil lands now un drilled MUST be drilled. So when a man comes to buy land, as the safest place for his money, why should he not choose land located upon a known geolog ical structure, capable of containing oil and gas? At the time of the first World war the writer was entitled to apply his army service time as residence time on a homestead. A Great Falls friend tried to get him to take up a homestead out east of Kevin. The writer took one look at that Godforsaken gumbo flat and decided to forever forego his home stead rights rather than pay the filing fee. country in pri vate purses now is the astonishing total of more than $6,000,000,000." writes Paul Mallon. "Much of it is in mat tresses, socks and private safes. The evidence is clear that a hoarding era . . . has reached suspicious proportions since the first of this year." —And who can blame the hoarders? In the face of priorities, what possi bility is there to start a new business or establish,a new industry? In the face of the Morgenthau 6 per cent ceiling on corporate profits, why should anyone invest in stocks or bonds? In the face of withering taxes, who wishes to invest his money in so-called income properties such as buildings? What is a man to do with his savings except hoard them? But that is not good. There is no safety in hoarding. Paul F. Cadman, economist of the American Bankers there happens to be a crack in the lime under one of these tracts, then it may he the greatest gusher area in the field and in the state. That is the possibility of undrained lime producing Each man should buy as much land == as he can afford to buy and pay for EE in full. He should not buy more than == he can afford and find == = _ = SB = u =5 = = == = EEE zzz: — = = == — ~~ "" areas. a mortgage company moving him out, later on. If hç can afford THOUSANDS of acres, == he should buy thousands of acres. If = he can afford a section of 640 acres, = • he should have a section. But if he = can afford only a half section of 320 EE acres, he should by no means have a ~~~ full section of land. And if he cannot EE afford a half section he should have EE a quarter section or 80 acres, or pos- rS sibly end up with 40 acres. But he :Ê should have something ALL HIS ÈË OWN, with full command of his future. EE Owning the land he is privileged to EE choose the operator to drill it, when he =ü wants it drilled. He is the sole power == in determining the development pro- SE gram and the sole power in its enforce- == ment. He will have to look to no corpo- SE rate body for the conduct- of his af- EE fairs. He will receive his share of the == oil FREE OF COST OF PRODUC- EE 1 ION and none else will handle his sss == zz: — — !== = = association, points out that a hoarder is "out of luck." "Hoarded currency is a practically useless method of protect ing the holders of property against the arbitrary acts of government," says Dr. Cadman.. "Early attempts to hoard money in continental Europe to avoid governmental levies during and after = the first World war were met by block E£ ing bank accounts and suspending transactions on the exchanges. Out standing currency ceased to be legal tender or to have any validty unless it was presented to a government agen cy and stamped to indicate that a tax had been paid or imposed conditions EE had been met. The holders of currency found themselves in exactly the same position as the owners of bank de posits." Every man is called upon to face this problem. The logical solution is to put savings IN THE GROUND. By that we mean the purchase of real estate— purchased at non-inflation prices on a price based on what the land will yield. We know what grazing land will yield; we know what dry land farms will av erage over the years; we know what irrigated land will yield. We have a good index to land values on the basis of YIELD. If a man can. put his money into lands that have not been depleted, he lias an investment that will last through the period of inflation and the post inflation depression that economists say must come. The man who owns a piece of farm land, with no mortgage or other en cumbrances, has (in gambling terms) ACE IN THE HOLE. Come what will, he will have that land to drop hack on. If it will raise hay; if it will raise wheat ; if it will raise sugar beets, that is the SOMETHING of which he can he sure. On the other hand, if that land contains minerals, then his heri tage may he much richer. If that land contains a million dollars worth of oil, that oil is HIS and will remain there, tax free, in spite of inflation, depression or otherwise —until the tract is drilled and the oil brought to the surface of the ground. —And do not think for one moment that there is any tract of oil land that will not he drilled in the years to come, as the supply of crude lessens. Before the world is through with this war of machines we will find every oil field That Godforsaken gumbo flat was the MOORE PERMIT which has pro duced $844,000 worth of oil from above the lime—with the lower formations yet to he explored and produced "Buzz" Catlett filed on a homestead in Fergus county on land where only a mountain goat could stand up. He, M. W. Wild schultz and other boys joining the army were smart enough to get lands that KNOWN GEOLOGICAL money. That the one great remaining opportunity for American INDE PENDENCE as we see it. The owner of a piece of oil land pays taxes only on the surface. If it is grazing land, his taxes may aver age around 7 cents an acre. If it is good farm land, his taxes will be higher but there is no tax on the mineral content of the land. His 80 acres may contain a million dol lars worth of oil, but until it is brought to the surface he pays no tax on it and the tax laws of Mon tana provide that he shall pay taxes (at the regular county tax rate) on just the oil that comes from the ground. The landowner is free from worry about payment of social se curity taxes, unemployment taxes, old age taxes, industrial insurance taxes, corporation license taxes and the scores of other taxes that beset business. were on a STRUCTURE. The Catlett homestead has yielded $2,000,000 worth of oil and the over Wildschultz has produced $2,069,123.83 worth of oil—because it happened that their filings were on what is now the Cat Creek oil field. When they returned from the serv ice they foupd a wildcatter prospecting for oil across the Musselshell river from their lands. He found oil over there but the main field was on their side of the river. The writer has no apology for hav ing passed up the Moore permit land as a homestead because the existence of a structure at Kevin was not record ed until after the war was over and meanwhile the government had with drawn mineral rights from entry. Now a homesteader gets only the surface rights. The government retains all of the mineral rights. So homesteading "oil farm" is not possible today. While there is no apology for his failure to file on Kevin land, he should have his head examined if he fails to come out of the present situation with well located lands, owned in fee simple, with command of surface rights and mineral rights. If there was a more promising state than Montana in which to buy lands would certainly buy lands elsewhere. But we do not know of any comparable opportunities. We can today buy lands in Kevin field ON THE BASIS OF GRAZING LAND, getting the mineral rights with the surface. If no oil or ever found under them, they If the oil is there, the "other man, meaning the driller, worries about get ting it out. Of course, the owner of 80 acres of oil land is free to drill it out himself, if he wants to. Some of the most suc cessful operators in Kevin field today are landowners who never saw a drill ing rig until one was moved into Kevin field. We do not expect a new crop of "oil farmers," but we do expect to see the few people we can contact to he pro vided with opportunities to buy tracts of low-cost lands on whatever size each one can afford, each tract so located that it is likely to contain OIL. Anyone who wishes to capitalize our knowledge of Montana oil fields and of land values—based on nearly 20 years of experience in this particular SE work—may do so by contacting us. == Whether they buy through us or =5 through other agencies, investors of == Montana can do no better than to BUY 5= LANDS ON KNOWN OIL AND GAS 5= STRUCTRUES. = ■ an« an we gas were would still be a good "ace in the hole," compared with any other available investment. Yet we would be willing to gamble everything we possess that there is oil or gas beneath these lands: how much, we do not know. It may not be in commercial quantities. But if as iiiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiinuiiiiiiiiiiiiiraiiiiiiiiiiiM LANDOWNERS ROYALTIES COMPANY, GREAT FALLS, MONTANA. Landowners Royalties Co. Without obligation please said me listings of farm lands on known oil and gas structures. Name In Fall) (T. BOX 1225 HEAD OFFICE; GREAT FALLS, MONTANA left the store a long, lanky back woodsman asked the merchant: ■What was them things that feller got?" • Nightshirts," replied the merchant. How about selling you some?" j "Not me. I dont get around much j at night." ■Boy, Is my girl mad at me!" "What's the matter?" j "I told her that her bustle was sllp | ping " "Why, tliat shouldn't have made her mad." j "Yeah, but she didn't have one on." A pretty girl is like a melody; and I after you marry her you have to face the music. Men make up their minds to go out; women their faces. The father glared at his son. "An other bite like that, young man," he said, "and you'll leave the table." Another bite like that," agreed the son, "and I'll be finished." Caller to receptionist : "is the boss In?" "No, he is oat." "Will he be in after a little?" "That's what he said he was going out for." "Who was that lady I seen you out wit last night?" • • • "Who was that lady I seen you out with last night?" "I wasn't out. I was Just dozing." • « • I wish I was a little fish I think I'd be a bass , So I could climb up poles and trees And slide down on my hands and knees "Well, I certainly made a good Im pression on her," said the cane bot tomed chair as the artist's model stood up. A silk hosiery manufacturer and an aluminum household utensil manufac turer sat next to each other at the. dub. Both remained quiet for many | minutes, gazing with worried and 1 beaten expressions Into space. Finally one of them gave vent to a long drawn-out sigh. The other locked around sympathetically and said; "You're telling me." • • • A girl attending Bym Mawr Committed a dreadful faux pas. She loosened a stay In her decollete Exposing her je-ne-sais-quola. RAY A. FRETZ ceanran public accountant UENEBAL PUBLIC ACCOUNTING OIL — MINING — TAX MATTEIt* PHONE 8859 «I« Pint National Bank Balldtes GBEAT FALLS. MONTANA Toole County Abstract Company LICENSED BONDED ABSTRACTORS SHELBY, MONTANA