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Newspaper
Cheyenne State Leader
Location
Cheyenne, Wyoming, United States of America
Date
Oct 02, 1917
Page
6
A robust and well financed oil firm reports excellent Wyoming lands with 25 domes, 90 percent wild cat fields once explored, and 20 proven producing sites now commercial. The company has dispatched engineers and geologists to locate proven properties, aiming to secure well located lands and form an aggressive operations program.
The report states a rig is en route from Frane ton to drill a Big Hollow well with strong production potential. It notes Wyoming Apex reports 125 barrels without Velmg shot and anticipates higher output, with ongoing persistent work indicating the field is commercially profitable.
A historical note describes securing 640 acres for an oil venture led by Adem Schilling Strendler and associates. It states confidence in Muddy sands extension, possible deeper drilling, and aims to place a rig within days to reach potential oil, with geologists backing the outlook.
The Thermopolis area, including Thermoplia and Cosh Creek, shows strong geological potential with extensive drilling near the fields. A recent report mentions oil of reputed 11 thousand barrels brought in two weeks ago, and a 640 acre tract adjoining a government withdrawal will soon have rigs on site.
Denver executives including David Heaton and John Cillessce headline a prospectus praising a mining and stone quarry venture. Directors William McClelland Louis McHenry Dr J Norman and James Woodruff are cited as prominent local figures backing honest, salaried-free leadership. The filing claims intrinsic value from Kansas holdings and strong capital structure with one‑third issued and treasury funds substantial, urging investor confidence.
The listing highlights 5960 acres across multiple districts including BIG MPDDY, COAL CHEEK DOME, SALT CREEK, BIG HOLLOW, BONANZA, WIND RIVER, and UNDEVELOPED TOLTEC. It notes wells drilling in several districts, partnerships with United Petroleum, and two producing wells in Montgomery County Kansas yielding 25 barrels per day at $2.00 per barrel. Contracts to drill to full capacity are underway.
An advertisement proclaims oil stock investment as a path to wealth for all, detailing plans to become producers refiners and distributors. It cites Wind River Salt Creek and United Petroleum holdings, mentions drilling plans and a 2000 acre expansion, urging readers to buy stock now while prices are low.
Four individuals named T. J. bHornedy, J. A. Pruitt, Major Parker, and Frank Walters are listed in the document as key persons of interest for the case. The record notes their roles and associations with the matter under review without additional context or outcomes.
The notice promotes monthly payments for subscriptions to Heaton Oil and Refining Co. It suggests cash terms for smaller holdings and a three part payment plan for larger subscriptions: one third cash, one third at 50 days, and one third at 60 days.
The Montgomery County tract in Kansas is surrounded by producing wells and nearby pipe Mnes railroad and electric lines. Two wells are producing 26 barrels each at $2.00 per barrel. Drilling contracts are let to full capacity and superintendent says 50 wells can be supported. This could raise stock value to over $1.00 per share.
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