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Newspaper
Billings Herald
Location
Billings, Montana, United States of America
Date
May 12, 1949
Page
2
A Montana region report notes a deep sand oil strike on a famed lease in the 56 Shde area with over 1,000,000 barrels of high gravity oil cited. It covers coring progress, open tests, and deeper testing underway as oil production details and reserves are discussed.
Musselshell county taxpayers report ownership in Amerada-Hougen No 4 at CSW SW 24-10N-2SE with pay zone tests underway. They also hold interests in surrounding 640 acres and adjacent sections as a potential major county oil income source. Phillips Petroleum reports first quarter net profit of 12.7 million dollars, 210 cents per share, up from last year. dividend of 75 cents per share declared. Petroleum industry expected to supply large fuel amounts to armed services starting July, with Air Force fuel needs estimated at 15 million dollars versus 146 million this year.
The oil industry is described as the greatest power plant on earth, given that nearly 40 million motor vehicles in the United States each carry a 50 hp engine, totaling about 2 billion horsepower, roughly 30 times the electrical horsepower produced by central power stations.
Primitive Oil Savage No 1 spudded 4 23 49 with no late reports available Triggod Oil Company reports a flowing well Trigcod Hendricks No 1 spudded 4 22 5 and testing at 315 gravity oil no water expected to flow An extension in Gay Creek Hadley et al Hunt Fradd No 1 plugging back from 8062 depth to test all showings Burt Myron Clifford Burt head of Burt Oil and Drilling Co dies in Billings hospital born Perrysville Pa moved to Wyoming in 1918 to Billings in 1936 he helped develop oil industry
Local pages showcase community briefs and editorials from Billings Herald, featuring neighborhood events, school notices, and civic updates gathered by the paper’s local staff.
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