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IPAA Asks Co-op Taxes and End
Of Price Controls for Industry TULSA—Three resolutions that highlighted the IPAA annual meeting here last week dealt with co-operatives, with the Anglo American oil treaty, and need for removal of price controls from the industry. ♦ Acting on a resolution adopted by association directors at meeting in Bradford, Pa., April 28, 1944, dim: tors at this session resolved that the association "petition congress to provide for application of income tax laws and subject to regulations of Securities and Exchange commis sion to all co-operative associations engaged in production or distribu tion of goods and commodities, as distinguished from purely market ing organizations engaged in mar keting of own agricultural prod ucts. The resolution also called on con gress to prohibit federal financing of co-operative ventures in produc tion and distribution of goods and commodities. The association went on record as saying cooperative corporations or associations engag ing in business should enjoy no privilege not accorded to other cor porations so engaged., Another resolution provided that IPAA recommend to Office Administration immediate removal of price controls affecting urn industry. It was pointed industry can continue to operate effectively in public interest if free play of economic forces is per mitted. The third association resolution urged the senate "to give its af firmative advice and consent to ratification of Anglo-American oil treaty as signed in London, Sept. .24." i of Price petrole out that ♦ TOOLE COUNTY TRANSFERS By Toole County Abstract Co. Shelby, Montana .ASSIGNMENT OF OIL AND GAS LEASE Mark Dwlre to Clarence W. Shoemaker, 4/5 interest, and H. C. Wadlelgh. 1/5 In terest w w, se sw, sw se. 20, e nw 29-36-3w, RELEASE OF OIL AND GAS LEASES Eagle Creek OU Co., to Beaufore Mcln lijre, ne, 26-32-3e. Same to Ed Mclntire, e, 25, se, 35-32-3«; ne, 2-31-3e. Same to Beaufore Mclntire, ne, 26-32-3e. OIL AND GAS LEASES Ralph A. Froemke to The Texas CO., se se, se sw, 10, ne, e nw, 15-34-3W. Sarah Holtan to same, s n. n s, 22-34-Sw. M. T. Sigler to same, s n, n s, 23-34-3w. ASSIGNMENT OF INTEREST IN OIL AND GAS LEASE Nick Panos to M. K. Gordon, 10V4% in sw sw, 24-35-2w. ASSIGNMENT OF OIL AND GAS LEASE A. Beards!ee to M. H. Bosworth, e se, 35-35-2W. RATIFICATION OP OIL AND GAS LEASE Sunburst State Bank to Pacific Western Oil Corp., e, 21, w w, e nw, se sw, 22-37-3w. During 1944 the United States pro duced as much oil as the whole world did in 1935. [,v An armored battalion requires 17,000 gallons of gasoline to move miles under ideal conditions. 100 BETTER GASOLINE FOR BETTER MOTORS! Polymer asoline j. V j High«» octane gaaoUsc ai no higher price! Mad« fa. qomoHaM I* carefully controlled from Mg Vetfi own BIG WEST OIL CO. OF MONTANA Coll Kevin 40 Kevin, Montana Princess Field (Continued From Page 1) One company that did that was Empire-Pacific, which began its op erations 6% miles south of the Standard's Devonian producers. Empire-Pacific was heading for the Devonian in an initial well and directors of the concern were pleas antly shocked when it got produc tion In the Madison lime. It now has two wells producing horizon. (Neither found burst sand.) Between the Standard of Califor nia Devonian prod Empire-Pacific Madison lime pro ducers, 4% miles south of the for mer and a mile and a half north of the latter, operations were start ed on another well, known as Na tional-Empire No. 1. by a combina tion of three Alberta companies. Recently directors of these con cerns also received a shock when National-Empire No. 1, heading for the Devonian, ran into a flowing well In the Sunburst sand at 3,278 feet. (The Sunburst had yielded large gas flow* in some wells drilled immediately adjacent to the De vonian producers.) The National-Empire going on production test, and ac cording to the Calgary Oil Bulletin will be put on production during the next few days. Incidentally, according to the Bul letin, practically every well drilled in this area has found gas in com mercial amounts in all formations fcom the Cretaceous through to the Devonian, with flows coming from the Bow Island, Sunburst, chert zone, Madison lime or De vonian dolomite. - from this any Sun ucers and the No. 1 is now LIBERTY COUNTY TRANSFERS By 1 lh»<y County Abstract Ch est e r, Montana Co RELEASE OF OIL AND GAS LEASES S. G. & S. OU ft Gas Co., to R. F. Smith, s nw sec 22; e n*. nw sec 21; sw se, e sw sec 20; se sec 28; ne nw sec 22. twp 37n rge 7e. Western Natural Gas Co., to C. E. Dull, ne and se, e nw. e sw sec 24; ne nw, w ne, ne sw, nw se sec 25, twp 37n rge 4e. G. E. HOUGH Miles City, Montana OIL AND GAS LEASES Active Montana Wildcats Arch Apex Structure NW MW* NE* 4-MM4HC Lost first hole, 420: last deported depth, 1490. Berthelote Area < OOLIDGB * COOLIDGB-BLACK GOLD 8YE MO. I— SE NW SW 30-36N-2E Drilling. 350. Broadview Dome BILLINGS O. a G .-MURRAY NO. 1— 13-3N-22E Spudded 12-4-44; el, 4270: 8%-tnch pipe froze, 2810. Standing, 3666 Hingham HlNGHAM-HOBaOM-rUltK MO. I— NE SE >4 SE* 25-S8N10« led 5-Inch at 4018; 5*-Inch oc 4105. May abandon at 4320. half way through Madison lime Will drop from report Huntley Structure FARMERS UNION CENT, EXCHANGE M. about WELLS NO. 1— SE SE NW 3I-2N-28E Spudded 10-7-46: ran 347 fL 13%. Drill ing. 1465. Lewis town Area R. C. TARRANT-DUNN NO. I— NW SW 2-16N-20E landed 8-lnch, 395. No depth report R. C. TAHHANT-KOV1CH NO. I— C NE NW 29-15N-19E 10-lnch cemented, 400. for water shutoff. No depth report Midway Area u. a. URN C SE SE Spuddad 570; water. 1226; top Kootenai, 1275 EL. 3358. Standing. 1468. Will drop from re Milk River Wildcat CARTE R-PH1LL1PS-LUCT WBASELHBAD NO. 1— C SW NE 2S-S4N-12W Spudded 7-26-45; drilling. 5332. North Cut Bank CARTER-B. N. BRINDLEY NO. 1— NE NE 12-36N-8W Spudded 8-16-45. Kootenai, 2325; u Sunburst, 2830-42; lower Sunburn, : 65; upper Cut Bank, 2914; lower Cut Bank. 2935-42; Ellis, 2942; 7-inch pipe set. 2967. EM 3084. T.D., 3087. 1st 21 hrs. swabbed 122 BO. On 2nd test swabbed 6 bbls. 37-gravlty oil per hr. COMPLETION. Waiting for pump. DRICKSOS-BRATBREBO NO. I NE 28-28N- i E 10-27-44: shows. 486 and ir Pondera Field A. B. COBB-OOPLKÏ NO. Z— SE SE SE 10-27N-4W DrilUng. 1300. THIWAY-GJULLIN NO. C W* W* SW* 10-27N-4W Spudded 16-0-45; drilling, 1260. TRTON STND1CATE-HIRSHBRRG NO. 1 C NW NE NE 22-27N-4W Spudded 6-26-45; last reported depth. 1400. MONTANA ACID COMPANY Established 1933 , KEVIN SHELBY Licensee Dow Chemical Co. Natural Qas Service EFFICIENT! ECONOMICAL! DEPENDABLE! Our company Is furnishing this splendid fuel to 50 communities in four northwestern states through more than 1,000 miles of high-pres sure pipeline. Montana-Dakota Utilities Co. Great Fall*, Montana Poller Creek Structure H. C TARRANT-8TANLKY NE SW NE 8-13N 2lE Spudded 8-23-45; drUUn*. Wm Rattlesnake Butte SCHBOCK-OCBWABTroOV'T NO. I— SW SE 22-13N-28E TXL, 2200. W1U complete with rotary Reagan Nose Structure UMOVTR1BAL 194 MO. 4 NW SE SB 27 37N-7 W 6-23-45: TJ).. 4078. Twl no « Spudded through 20 perf., 3806-1 6 1a. Got 800 It. aulphur 45-4». Water and some dr cm. Morin* . W1U drop from out rotary. May abandon report Teton Structure GENERAL rn. NO. W Ï-G SW SE SW 3-25N-8W spudded 9-3-45; 16-lnch set, 202; drilling. 2810. Utopia Block TKXACO-WTAÏ* M 1694 MO, I— 18-gravity oU. |g NW SE* SB* ! Averaged 19 bhla, nur mt 19 day r KXA CO- LA AS NO. I— NW SW SW 14-88-4R Spudded 5-21-44. COMPLETION » JO-44 TO.. M10. CM. 2338. 250.000 cu. fL gaa. 920-930. Mora than 20.000.000 fL awaat gas. R. P. 906 in but! QUi «bare Madlaon OU rôreà M too o too tight to flow. Performed. Plck«3 up additional gaa flow of 5.000. 000 feet In Madlaon. Hündin». Shut-In pressura, 1025 Iba. per square TKXACO-G. CNW8E SW 15-33N-4E T.D., 2544. Shot SO qta, 2522-42, acidlaed with 2500 i_ 100 bbU. water. 2 bbla. oil. 8 gals. Swabbed 12 hrs., got jbl*. water. 2 bbls. oil. Spudded 8 14-45. COMPLETION 8-28-45. Top basal Ellis, 2408 EM. 2503. P.B., 262«. acidised with 3,000 gals Waiting for pump. He Alberta Plains Test Will Go Into Cambrian Of considerable interest to Mon tana operators is reported plan of the Imperial Oil Company to drill through the Devonian to the Cam brian in its Grassy Lake No. 3, wild cat In southern Alberta, 60 miles due north of West Butte of the Sweetgrass Hills, on the Montana side of the According to the Calgary Oil Bulletin, this will be the first well in this portion of the Alberta plains to test horizons below the Devonian. Last reported depth of this well was past 5,200, in Devonian dolo mite. line. The average lease taken out on land considered prospective for oil production in the United States is either tested or the lease surrend ered in less than four years.