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Show Working Oil Field Established 1 In County Near Escalante Tenneco Oil Company has J completed its Upper Valley - -J No. 2 wildcat in Southern U- ; tah with initial production of 1 146 barrels of 27 degree grav- . ity oil in 14 hours from the Kaibab" formation of the Permian Age. Two deeper form- " ations, the Toroweap'and the Coconino,- also have indicated , oil production. j ' The well is in Garfield ? County, 10 miles southwest of Escalante, and establishes the ; Kalparowits Basin of South-! era Utah as a potentially im- i portant oil producing area. The nearest existing produc- tion of consequence is from the Aneth Field, 125 miles to , the east . .t Tests have indicated 165 feet of net oil pay in the Kai-bab formation between the depths of 6,572 and 6,825 feet. ; Production has been from per-; -; forations between 6,660-83 feet and 6,723-33 feet. The Toroweap formation has 75 feet of net pay indicated at 7,060-7,135 feet and the Coco-, nino has 53 feet indicated at -7,504-7,596 feet. Neither has f yet been put on production ) test. The well was drilled to a total depth of 9,424 feet, into the Mississippian. !' Tenneco and, Sun Oil Com-, pany jointly own 23,107, acres of leases surrounding the. wildcat! Tentative - develop-1 -ment plans call for drilling, on, "T ' 160-acre spacing. - . : |