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Show OIL & MINING JOURNAL PAGE 6 JULY 6, 1970 Uintah Basin wildcat looks tremendous, Utah Survey petroleum geologist says Utah ALTAMONT, It looks tremendous, petroleum geologist Howard R. Ritzma said of Shell Number One Miles and the new Tertiary Trend in the Uintah Basin. This may be the most important discovery of oil in Utah in a dozen years, he added. Mr. Ritzma is state petroleum geologist for the Utah Geological Survey. Shell-Milea wildcat which cost more than $1 million, is a missing link between the Bluebell Field in the northeast and the Cedar Rim and Blacktail fields in the southwest. This trend now extends 45 miles in a northeast-southwedirection. s, st The stretch of discovery and development wells indicates the shorline of ancient Lake Uintah, dating to the Tertiary Period of 70 million years ago and later. In this part of the world these rocks are generally In the Uintah Basin they contain a very thick section of rocks laid down in a lake, the same lake that produced the oil shales and tar sands, Mr. non-marin- e. Shell-Mile- s Mountain Fuel Supply Co. struck black gold at Cedar Rim. Ritzma indicates, there lias been little drilling in the space between, and thus it is a virtually unexplored territory, though oil is now thought to be along the entire trend. But its far down 12,000 feet below the surface. As Mr. While the discovery well cost Shell more than $1 million, the company estimates the typical development well will cost about $680,000. Shell further testified to the Utah Oil and Gas Conservation Commission last month that on each section of land (640 acres) there were 7.75 million barrels of oil in place with 900,000 barrels recoverable or about one in nine. The commission granted the Shell request to place only one well on each 640 acres. The Altamont field is a stratigraphic trap formed when the sediments are set down and not by subsequent fautling and folding. The Continued on Page 7 Ritzma says. The lake existed for five million years and disappeared 50 million years ago, leaving behind deposits of oil, tar sands and oil shaels. Northwest of the Cottonwood Wash, Starr Flat, Bluebell and Roosevelt areas produce oil, while southwest of Shell-Mile- s, A $ i We Are Pleased to Announce That & Raymond R. Peterson $ I ?! Has Become Associated With Our Firm as a I Registered Representative $ i & CO. WILSON-DAV- IS Stocks, Bonds, Mutual Funds ond Tax Sholttrod Programs 37 List South (801)363-761- 4 SHELL OIL DISCOVERY in Uintah Basin of Utah provides missing link between Bluebell Field to the northeast 'and the Cedar Rim and Blacktail Ridge fields in the southwest, according to petroleum geologist. The trend now extends 45 miles along ancient Uinta Lake shoreline. Salt Lake City, Ut. Zip 84111 3 raC3S7 G&) & (IXGaORD ONLY $10 FOR AN ENTIRE YEAR OF MINING & OIL INFO PUBLISHER: JUST CUP THIS COUPON Rocky Kit. OIL & MINING JOURNAL P. 0. Box 19243, Salt lake City, Utah 04119 Please eater my subscription to the Bothy Mountain Oil Name AND MAIL Address : City m jVCnt CHECK ONE: One Year $10 2 years $18 t a type MINING J0II3NJU |