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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Apr 24, 1918
Page
4
A Colorado corporation announces incorporation with 50000 capital stock and the addition of Howard Y. Lockwood as executive, resigning from the Denver Civic and Commercial Association to join the venture. The firm invites inquiries about oil stocks and offers to share information and guidance.
Article notes Mid-Continent crude priced around 2.25 dollars per barrel, with a possible rise of 25 cents amid Western development. It compares to Pennsylvania crude at 4 dollars, cites premium for Minckwell 43 gravity, and mentions wages rising for oil workers. Also advertises Morris Harness shop at 420 West 16th Street.
Wyoming's Big Maddy field remains dominant since 1916 with current output over 7,200 barrels per day and potential to reach 10,000. The field spans about 8,000 acres, expanding toward 9,000 as wells and leases extend with operators Merritt Oil, Midwest Refining, Kinney, Parker, Ohio Oil, and others drilling across Wall Creek and Shannon sands. Ninety six wells average around sixty five barrels daily, while several deeper and shallow wells continue to come in amid technical challenges and ongoing expansion toward the north and southwest frontier.
Clifford Ros wins contract to drill a well on section 33-34 north in Tin county Big Maddy field located one mile northeast of Glenrock and four miles northeast of Fenexwell Wyoming. The corporation is capitalized for 10 000 dollars with 600 shares. T J Diamond of Otis Colo serves as president with directors named.
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