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Show Utahs oil industry has grown in recent years until it is second only to mining in economic importance to the state, according to a report by the Utah Petroleum Council. The Council notes that more than 7,000 Utahns arc employed in the production, refining and distribution of oil and gas in the slate. They earn more than $33 million a year. Total annual value of crude oil and natural gas production in the stale is over $69 million. Dollar volume of petroleum products in Utah amounts to $95 million a year, according to the petroleum council. almost 40 million barrels being pumped. Among the 50 states Utah ranks 14lh in oil production and 15th in natural gas. According to 1968 figures compiled by the Utah Petroleum Council and Rocky Mountain Oil and Gas Association, San Juan County is the biggest producer of oil and gas in the state, Uintah County is second. The latest county to enter the oil production race, Summit, now is the third largest producer in the stale. Grand County still holds third place in gas production. 411.2 Virtually all of the major oil companies have wells in Utah. In addition, a number of small independents have a piece of the action. Iasl year, Chevron (Standard of California) was the largest oil and gas producer. Texaco was second in oil and Gulf was third in oil. Union Oil was second in gas production with Sinclair third. production reached its highest point in 1959, with Natural gas was the first petroleum industry resource to be exploited in Utah. A well was drilled west of Farmington, Davis County, in 1891, and the gas was convex ed to Salt Lake City in a pipeline made of wood. Figures compiled by the Utah division of Oil and Gas Conservation show that 15.7 million Itarrcls of crude oil was produced in the first eight months of this year compared with 15.4 million liarrels in the same period a year ago. Gas production, however is billion cu. ft. compared with 51.1 billion in the same year ago period. The peak year for gas production was 1963, when about 115 billion cu. ft. were produced by Utah wells. Oil The next natural gas to be used in the state came from Wyoming wells some 40 years ago. Utah gas wells liave been developed in recent years. The state acquired an oil refinery long before it had any oil wells. The old Utah Refining Co. set up its refinery in Salt Lake City 50 years ago and its successor, American Oil, is now celebrating the event. Utah five has presently refineries, all concentrated in adjoining areas of Salt Lake and Davis counties. The states first commercial oil well was drilled by Equity Oil in 1948 in Uintah County. There are now 869 producing oil wells in Utah. Over 100 new oil and gas wells are bing drilled annually in the stale, tapping the 243.7 million barrels of crude oil and natural gas liquids known to be under Utah sod. The petroleum industry pays 16 per cent of the slates total tax revenue, according to the Utah Petroleum Council. This amounted to $27,993 in fiscal 1967. Over 90 per cent of the State Land Boards income comes from oil and gas leases, and a full h of the state's land has Iieen leased for oil exploration. one-fourt- report on the Geology and Mineral Deposits of Lyon, Douglas, and Ormsby Counties, Nevada, has been published by the Nevada Bureau of Mines, University of Nevada, it was announced this week by Arthur Baker ill, associate director of the Nevada mineral agency. The new publication is one of a series of studies on the geology and mineral resources of each of Nevadas 17 counties. produced under a cooperative agreement between the Nevada Bureau of Mines and the U. S. Geological Survey. The Lyon, Douglas, Ormsby report is the only one of the series, however, which deals with more than one county. The contiguous geologic structure and similar histories of the tricounty area prompted the USGS to combine them in a single study. Of the three, Lyon County, in Mining the Anaconda Co., the states second largest mineral producer, is located, had seen, 1965, total a production of more than $298 million. Through the same period, Douglas County produced about $17 million and Ormsby County, $777,000. In addition to its rich mineral production, Lyon County claims another important honor in Nevada mining history. It was at the foot of Gold Canyon in Lyon County that gold was first discovered in Nevada in 1850, and it was this gold which led to the discovery of the Comstock Lode. The major current Published weekly in Salt Lake City. Utah by Utah Scene Publishing Co., 4386 W. 3780 South, Granger, Utah 84120. Mailing address: P.O. Box 19243, Salt Lake City, Utah 841 19. Serving the mining and oil industries of the Rocky Mountain Region. Articles and information contained herein are true and factual to the best knowledge of the publisher. Information and opinions published are the sole responsibility of the publisher and do not reflect the attitudes or opinions of the merchants, brokers, corporations and service firms who advertise herein or otherwise sponsor this publication. 25 Cents a copy Subscriptions $1 0 per year Advertising rates: Display Advertising Classified Advertising Phone: Editor & Publisher. Assistant to Publisher Director of Advertising. $2 col. inch ..$2 for 20 words 298-240- 3 or 298-370- 3 Chuck Hayward Enid J. Hayward Hal Funk speakers a anted Four more speakers have been confirmed for the Northwest which through economic importance in Utah in recent years. 4 more Joint effort produces Meuida geologic report A UTAH MAP SHOWS LOCATION of oa fields. Petroleum production, processing and distribution has gained dramatically in Associations 75th diamond jubilee convention Dec. 5 and 6. Eskil Anderson, president of the association, said Rep. James will speak A. McClure, on gold and silver; Charles R. R-Ida- Stahl of Economic News, Princeton, N.J., will talk on silver, and Dr. G.H. DeKock, executive director, International Monetary Fund, will speak on gold. The fourth speaker is R.R. McNaughton of the American Institute of Mining Engineers who will talk at the AIMI luncheon, Saturday, Dec. 6. INVEST!!! IN PROFESSIONAL WORKMANSHIP SPECIALISTS IN SERVICE FOR FACTORY RECONDITIONEDflOftlTYPEWRITERS One Year unconditional guarantee II Starting at $300 15 Mail orders accepted from out of town. in Carriage reg. $350 in Carriage Price $425 portion of the report, including geologic and mineral resource maps, which are printed in color at a scale of 1:250,000, is the work of James G. Moore of the U.S. Geological Survey. The also report presents a section on industrial mineral deposits, prepared by N. L. Archbold, former staff geologist with the Nevada Bureau of Mines. The new publication, Bulletin 75, may be purchased for $3.00 from the Nevada Bureau of Mines, University of Nevada, SALES RENTALS REPAIRS Save mUFHASC Registrar & Transfer The Professional Stock Transfer Company at least $9 per unit on Reno 89507 Maintenance Contracts UTAH DUSINES. MACHINES Salt Lake City 322-169- 6 IBM EQUIPMENT 359-- 7 209 E. 3rd SO. SALT LAKE Cl PRECISE PROFESSIONAL PERFORJI |