Oil Developments In Alaska During 1923

THE only oil produced in Alaska in 1923 was obtained from a dozen small wells, one of which was drilled during the year on the single patented tract of petroleum land in Alaska, in the Katalla field. These wells are owned by the Chilkat Oil Co., which finds a ready local market for its product in the form of gasoline produced in its own refinery. The search for oil has been continued, but except in the Cold Bay field there has been no drilling in new fields during the year. Drilling was in progress during 1923 at Pearl Dome, 18 miles from the coast. Here the Associated Oil Co. sank two wells, about 500 and 950 ft. deep, but suspended drilling in June. The Standard Oil Co., drilling on the same structure, reached a depth of 300 ft. by August and is reported to have reached about 700 ft. by November. The company began the, installation of a second drill in August. George C. Martin, who hastily examined the Chignik region, south of the Cold Bay field, reports that what is known of the geology near Chignik is not favorable to the presence of petroleum. Kirtley Mather, who made a geologic survey of the northern part of the Alaska Peninsula, reports that some of the structures and the formations are favorable to the presence of oil. A small seepage has long been known in the region near the mouth of Douglas River, which flows into Cook Inlet. Sidney Paige last summer made an examination .of the oil seepages which have long been known near Cape Simpson, 50 miles southeast of Point Barrow, the northernmost point of Alaska. He reports that there are two very large seepages emanating from small ridges about a mile apart and several miles from the coast. These are marked by flowing petroleum, and cover many acres. There is a very large accumulation of petroleum residue at these seepages. The surface exposures consist of clay shales with hard thin partings of calcareous shale which lie nearly horizontal, and are probably, of Jurassic age. Mr. Paige and his two sub-parties explored a large area inland from the Arctic coast between Cape Beaufort on the south and Point Barrow and Cape Simpson on the north. He himself ascended the Meade River for 150 miles. These surveys indicate a wide distribution of what is believed to be the formation from which the Cape Simpson seepages emerge, which is probably of Jurassic age. These rocks near the north Arctic coast are little disturbed, but are increasingly folded to the south, toward the mountains. No other seepages have been found, but what is known of the geology is not unfavorable to an oil field. This entire region lies in Naval Petroleum Reserve No. 4, and it was examined by the Geological Survey at the request and expense of the Department of the Navy.