The Belen News
February 6, 1919
Heavy Oil in Virgin Field
Most Promising New Oil District in Entire Southwest – Great Boom in the Making
Strong Operators Show Faith in Great Oil Fields of Valencia
Geologists of International repute have placed their stamp of approval on the oil fields of Valencia, this being conclusively evidenced by the recent acquisition of an enormous acreage, 400,000 acres, by the Carter Oil Co., a producing subsidiary of Standard Oil, and any business man must know that the geologist reports were extremely favorable before Standard Oil would go to an enormous initial expense in taking over so vast an estate, requiring the expenditure of more than $1,000,000 to develop it, yet the thorough exploitation of this field is in sight.
Belen business men examined this district very carefully three months before Standard Oil entered the field and of course they selected the richest and most promising oil lands.
These people located several thousand acres and there is a good automobile road right to the property.
This is by long odds the most promising virgin field in the entire southwest and practical oil men say there is every geological indication that the production will be heavy black oil, such as there is an unlimited demand for.
Among those now actively identified with this wonderful virgin field are Jas. F. Clarke, cashier A.T. & S.F. railroad, H. E. Wetmore, manager Belen Auto Co., F. C. H. Lingston, attorney, Paul B. Dalies, director First National Bank, M. W. Musgrove oil operator, and J. R. Gaunt, cashier Reserve State Bank, and R. H. Tompkins and J. J. Wegs contractors.
Sam Warmbath, a prominent operator and Harry Woods who helped to make Cripple Creek famous, were recently in the field from Los Angeles.
There are enormous dikes of yellow sandstone, strong coal veins, and from a well being sunk for water, at a depth of 248 feet, every bucket of Water raised to the surface showed nearly a QUART OF HEAVY BLACK OIL.