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Show August 18, 1969 Oil production spirals at Upper Valley ESCALANTE, UtahOil production at Upper Valley southwest of F Plante has reportedly jumped significantly during the past two months. . A few months ago they were up to 60,000 barrels a month and we thought they were doing great, notes Jack Feight of the Utah Oil and Gas Conservation Commission. But June totals were 139,000 barrels while Mays were 164,000 for the Garfield County field, he said. I think its going to be a Feight told Salt good field, Lake Tribune Business Writer Dan Cunningham. But he added it doesnt yet begin to compare with other significant fields in Utah. The Lisbon Field, for example, has produced about 24 million barrels through May. The Greater Aneth southeastern Utah 215 million barrels, in the Red Wash produced 66 million Field in has yielded while wells field have barrels. JOHN STREETER - GEN. MGR. Tw AiR SERVICE T TRANS-WES- Division of Aerial Applicators, Inc. FAA REPAIR STATION 446R3 I ENGINE OVERHAUL ft AIRCRAFT MAINTENANCE stimulate additional exploration small pools along its route. Any uncovered near the line might be more economically feasible for Tenneco Oil Co., Houston, Texas, first drilled in the Upper Valley seven years ago. Since then it has drilled 20 wells, 16 of which are producers, a Tenneco spokesman stated. The Tenneco employe added that several million dollars have been spent to develop the field. Known reserves in the field are held confidential by production. A Tenneco executive admits there is always a possibility a pipeline might be built. It would be an expensive pipeline and much larger reserves than usual would be required, he added. For now it appears that trucks will continue to haul the crude. Upper Valley is an elongated Tenneco. One handicap of the field is from its remote location-dista- nt other field and transmission facilities. Crude has to be trucked from the field to refineries in Salt Lake City, adding perhaps $1 barrel to costs. This one is reason field running production is from the Kaibab formation, which in that area ranges from about 7,000 to 9,000 feet below the surface. Tenneco is the field operator, with Sun Oil Co. of Philadelphia a joint partner. Most of Tennecos production is in the a why Tenneco is drilling further. If they hit another field, we may get a pipeline, a Utah state employe surmises, x If a pipeline wre built, it would i Oil northwesterly-southeaster- ly. and southwestern Rocky Mountain regions. Though Upper Valley isnt one of its large fields, any oil is the company significant, spokesman added. He said Tenneco originally was a gas transmission company which has since expanded into other related fields, such as oil exploration and production. A wildcat well about 18 miles northeast of the field will be drilled by Skyline Oil Company, which has staked location in Section 12, Township 33 south and Range 2 east in Garfield County. This will be a 4,000-fotest of the Escalante anticline north of Escalante. Nearest previous drilling to this Skyline well was a 3384-fowell about three miles northeast. It was drilled in 1960 and Skyline spokesmen said there were oil shows and volumes of nonflammable gas. ot ot Modern minerals well 99 success overwhelming 50 per cent working interest in a shareholders that Modern' well-N- o. the same oil Minerals has decided to exercise field, by drilling the well in an option to purchase 100 per conjunction with the Anschutz cent working interest in a copper is and zinc mine in Yuba County, Corporation, Inc. No. an offset from No. 2. California. Modern Minerals also owns a The property, consisting of 3.125 per cent net royalty approximately 627 acres, are interest in a lease in the covered by fee mining leases Oedekoven Oil Field of measured in acres which is equal Wyoming. The lease, developed to approximately 310 standard by Anschutz Corp., has three lode mining claims, Blankenship producing wells, Blankenship said. He said preliminary noted. He said drilling is under geologic exploration, drilling and way on another well, Oedekoven assay reports by Modern No. Minerals indicate a substantial Blankenship announced to value and which Modern Minerals Corp., Salt Lake City, has termed its second oil drilling CHARTER SERVICE Air Ambulance Complete Helicopter Service Construction A DAY - 24-HOU- Business Trips Survey ft Patrol Mountain flying Our Specialty 7 DAYS A WEEK - OUR SCHEDULE FITS YOURS FAA APPROVED ALL WEATHER AIR TAXI SERVICE. 322-05- 27 Run to Airline Standards venture an overwhelming success. In a report to shareholders, Jack E. Blankenship, president, in reported the well. No. Campbell County, Wyo., was completed flowing 601 barrels of oil per day from the Muddy ly formation. Blankenship reported the corporations working interest in the well is 48.4375 per cent. The well is the firms second producing well in the Kitty Oil INTERPHASE 5-- Field. Modern Minerals earned a Trust dTmnsfer Inc. C. quantity management believes warrants further detailed investigation. He said as part of the CORPORATE EXEC exploration corporation R0P0SAL: I II III CURITIES CORPORATION Economical, accurate stock transferring 5 Day Broker-Deal- in er STOCKS - BONDS - MUTUAL transfer service offering Specialized Research in tha market Write for our current research bulletin on BULLION MONARCH "We invite you to visit our office or call for Quotes. over-the-coun- Unique computer stock transfer FUNDS S5 NORTH UNIVERSITY program to transfer your corporate securities. AVENUE-FRO- ter .Your 801-322-16- 96 M.I.C. INTERNATIONAL Surveying Equipment Sales Repairs Rentals - Trust & Transfer Inc. Salt Lake City, Utah 841 or coll for Nowatt Trading Information on Coll One-Sto- p Engineering store INTERPHASE 353 East 200 South BONNEVILLE SECURITIES, Inc. (01 KEARNS BIDS. 3224515 323-444- 4 For more information concerning the BEST stock transfer agency available contact 1 1 the has hired the services of Dr. Mendell Bell of Las Vegas, Nevada, who will coordinate the exploration. He said it is presently contemplated that the program will comprise some sixty drill holes, along with surface investigations, mapping and assay reports. UTAH 84601 VO, TELEPHONE (101) 375-257- 0 SALT LAKE CITY TELEPHONE program Cany ILLftft TapugrapUi - Hap SILVER MINING far IMA PINECO and Othor 123 lost 2nd so. Stocks and Mutual Funds Ovar-tho-coun- tar 355-171- 3 ' |