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Show imrARY ssi mwaw or vtlm DECS 3 1247 BA AXKA OiXi gjAX LAKE ALT TALUS SMZLTEB rsiczs SILVIB LIAO, OOrPEB (Hr ft GOLD UNO Mb mv BlMl NVM IN... IBM M.Me iffIAS)m) iMJIM XBMs (fu Features Mining, Oil, Financial VOL 8 VOL 1 One Year $2.50 Salt Lake City, Utah, September $ 1947 SI. Drilling Activity Gains Momentum at Rangely Fads on U S. With new outlets in view, 'the drilling now under program way in Rangely field in northwest Colorado is the most intensive in the history of the field, a survey of operating firms reveals. The installation of two new pipelines will enable operators to market approximately 90,000 barrels of oil a day from the field which now has 258 wells drilled, 43 in process of drilling and 34 locations in preparation. At present, the only means of shipping and marketing oil from RANGELY, Colo. 12-in- ch Iki f.ll.wlnr bbrntln rt was la aa addreu Mm the Mining AuMlttioa af Haat.na at Bntte, MataA Maa-taa- a, L la Angnl a( this year by Robert Zitjfleld, Acting Secretary,' Lea A AsMclatiea, New Terfc City, LEAD FUTURE In speaking of the future of lead I want to talk about its long time future and not what Is just around the corner. In so doing I am taking the risk of saying many things that are old stories to mining men, but I think these things bear repeat ing often, and particularly now, lest they be forgotten. There are some who say that a nation we are running out lead and that its future is questionable. I believe that these calamity howlers do a great deal to hurt the lead mining indusare try. When consumers of lead told repeatedly that we ' have lead reserves sufficient to last only 10 or 15 years more, they naturally intensify their search for substitutes. When there is also a temporary shortage and a high price, as there has been recently, consumers naturally give more, credence to what the pessimists say than they otherwise 3 would. Need Correct Data But I cannot go along with those who say that we are sufa lack" of lead refering from" serves. - I am therefore deeply concerned that, unless we attempt to set the record straight, we will find some of our pet consumers feeding in other pastures when the time comes, as it inevitably wilL that lead production exceeds demand. ; No doubt you have, seen innumerable reports in the last few years on the lead reserves of this country. In general, these purport to show that in ten or fifteen years we will have no more lead in the United States. Sadly enough it .Is possible to take figures which are sound from an engineering and mathematical viewpoint and prove that, unless youre trying to prove it to someone who knows mining. Proper Study Such figures have to be internot lay preted by mining men,knows of men. Everyone here mines that 15 or 20 years ago were estimated to have only few more years of life left in them. Today most of these ' same mines are producing as they were. 15 or 20 years ago with still years of life ahead. For example, in December 31, 1937, three big lead producers in the Northwest reported combined ore. reserves of 4,026, 000 tons. Between that time and December 31, 1946, in a period of nine years, those same three mines extracted more than tons of ore. Yet on December 31, 1946, the same three mines reported ore reserves of 3.750,000 tons or nearly the same figure they reported nine years before. . . In other words' here is the r . . . . (Continued On' Page 2) pipeline Rangely is a owned and operated by the Utah Oil Refining Co., subsidiary of Standard Oil of Indiana. This line went into operation in September 1946 and was designed to handle 26,000 barrels a day. By construction of four booster pumping stations between RICHFIELD, Utah At a direcRangely. and Wamsuter, Wyo., the capacity was stepped up to tors meeting held in Salt Lake ENCOURAGEMENT OF NEW MINE DEVELOPMENT is one 35,000 barrels a day. of the most important factors in assuring a continuation of City, the Sanpete Oil Company, Inc., voted to move their busiClaim Pipelines adequate supplies of vitally important metals. With industrial and monetary demands continuing at a high level, it is imness The California Co., subsidiary to offices from Salt Lake City inperative that state and federal governments offer every deRichfield, for convenience of of Standard Oil of California, reducement possible that will result in the exploration and operations. cently announced that it would velopment of new mineral properties. Shown in the above a westpipeline from anThe company has under lease lay seen of is a tunnel throughout many portal typical photo oil structure in Sanpete and to Salt Lake City, a Rangely ern areas that, with proper encouragement, may well result Sevier 180 soon as distance as of counties, between the miles, in an Important source of needed metals. towns of Redmond and Gunniis available. pipe The Utah Oil Refining Co., also son. Wm. L. Warner of Richfield has announced that it will build a second line, 12 inches in diam- -j was elected secretary and treasto succeed C. V. Behunin of eter, parallelling its present line urer, Salt Lake City, who resigned (from Rangely. to Wamsutter, as when it was decided, to move soon as pipe can be procured.. Americas future status among nations will be determined by Production of the field is now offices to Richfield. The new office address will be at 157 the development of her metallic resources. running at the capacity of the North Main Street, Richfield. world-wide search for metals pipeline around 35,000 barrels Utah. . This fact is attested to by the and the fact that no major discoveries have been made since a day. Estimates of the total The stockholders of this com-a-ny productive capacity of the field are composed of a group early in the century.. range from 400 to 800 million f Utah business These factors, together with interested barrels of oil. Daily production n developing Utahmen resources for the growing demand for copthe in now nation is somewhat Utah people. The company has and steel are per, lead, zinc over five million barrels a day. a capital - to ns stock of 150,000 shares many-natioagain causing Of the 258 wells already drill- at a par value of 31.00 per share. take stock of their reserves. ed, 257 are in the Weber sand Recent geological and Mineral development should be and one in the Shinaramp sand a No. 1 must for the immediate-futuresurveys indicate oil. In which is above the Weber. his structure and we are going Utah, one of the leading to drill our first test well about mining states in the nation Drilling Gains one mile north of the town of should do every thing possible A ledmond. Drilling operations which includes of. the to encourage and stimulate the group Payrolls for the first half will commence between Septem-- er California resources. Utah Southern its of this at of Co., Utahs August year development 8 and 10 of this year, anfamous Bingham copper mine Oil Co. and the Equity Oil Co., War Depletion were the largest in. the com- the latter both Utah corpora- - nounced Mark Comaby, presiMines badly depleted during panys history, it was announced tions, has drilled the largest dent of the company, who has een in Richfield on company the war when the demand for by H. L. Garrity, superintendent number of wells in the field, a business the last few days. Bul62. of of total the mines, the made says Bingham necessary production curtailment of development with letin. In this joint venture, the two Last Monday, payroll checks Utah companies each have an 11 limited labor, are now struggling to rehabilitate themselves. With were distributed to the mine em- per cent interest in 6253 acres man-pow- er still short, the pro- ployees totaling 3381,909.14. Pay covering producing horizons beZinc scrap consumption dethe Arthur low 2500 feet which, the Caliof rehabilitation in Utah day last Friday atwas gram 8 percent to 19,896 short ' clined also the and nulls Magna fornia Co. is operating. In ad- tons in June is progressing slowly. from the high May in the dition, Utah Southern and Restrictive measures to permit largest mills payroll Equity record of 21,537 and checks a free flow of venture capital companys history, were distrib- each owns a 50 per cent interest to the Bureau oftons, according United $320,732.58 in all shallow rights above 2500 States Department Mines, into mining ventures should be totaling of the Inter- to a total uted workers, making comen-surate removed and taxes made feet in an area of 11,000 acres. ior. The decrease in secondary Production from the. shallow zinc with the gamble taken to- of 3702,641.72. was also 8 percent, recovery wells of these two firms is not the reclaimed day in trying to bring prospect Payroll Grows tons. 13,159 being and the wells are not in The June into the production stage. was Indicative of higher wage large scrap consumption eluded scales and a larger number of field. in the above totals for the slightly higher than the average New Mines Needed monthly consumption for the first employes com pa ny officials Like the one pictured above, pointed out that the Utah Copper Joint Venture months of the year and about all of the great mines were once payroll for the first half of Aug- above the average for 3,000 In the joint venture the three 1946. tons mere prospects, and with proper ust, 1927, for 2565 workers, was Consumers receipts of zinc encouragement these small oper- 3163,244.32, and ten years later, companies now are drilling 10 scrap were greater than conations will restore Utah rapidly for the first half of August, 1937, wells and are preparing two loas in June, sumption they had to a healthy mining status. the payroll was 3294,515.86 for cations. been in every preceding month The California Co., in its own of the 4004 employes. of 1947 has 41 weils, is drill except elapsed portion announced was operation It by recently In 1946, scrap January. Sodium Leases D. D. Moffat, vice president and ing nine and preparing six lo- receipts averaged less than concations. The first opportunity to de general manager of the Utah sumption. The Stanolind Oil & Gas Co velop so d i u m deposits in the Copper division, that if the prespublic lands in North Dakota ent rate of operation continues Tulsa, has 59 wells, is drilling will be offered early, this fall, the companys payroll during the eight more and is preparing 14 it was announced today by Sec- next 12 months will run some- new locations. retary of the Interior J. A Krug. thing like 313,000,000. Stanolind, in association with Records of the Bureau of Land Increase Included Newton Oil Co. of Denver, has Management show that at the three wells, is drilling one anc Included in the payroll for the present time there are only three preparing one location. leases for the development of so first half of August this year Stanolind and Phillips Petroindium deposits on the public is back pay covering wage leum Co. in another joint venlands in effect, throughout the creases recently negotiated, ture have drilled six wells. which was retroactive to July 1, whole United States. Phillips Petroleum has II 1947. Even if .this amount were is three more and wells, deducted, Mr. Garrity stated, the preparing drilling locations. three the largest payroll would still be The Texas Co. has 45 wells, is ar in the companys history. drilling nine and is readying two locations. many more will be found in the Silver King The Wasatch Oil Refining Co, future. Salt Lake City and associates of June ended For 30, the quarter It takes hard work, though . i 25 wells, are drilling two have Mines 1947 Coalition Silver King and initiative intelligent direc- Co. made a net profit of 3102,-560.- and preparing three locations. tion, money, and a belief thats Hie Superior OilOo. of Los after all taxes and depreinherent in every real mining is drilling one well am before Angeles ciation but depletion, man. . another location. E 1,220,-4on 8.4c to preparing share per equal The public could be, for their M. value 39 shares of Stringer of Denvfcr and A. B par own welfare, more cognizant of Cobb of Cut Bank, Mont., are common outstanding. the effort behind the finding of associated with Stanolind ia this minerals that result in the man- outstanding. venture. ended Net loss for the year METAL MINING INDUSTRY ufacture of articles making The Continental QU Go. has or everyones world a happier one June 30, 1947, wgs 360,211.54, Of UTAH two' weuj ih the field. iJa per outstanding share. in which to live. 10-in- ch . 12-in- ch Mining Industry Worthy of State, Federal Cooperation . . pay-grou- nd. Comes From Utah Mines geo-ihysi- cal - . A Fine World! -- Without Metals By L. M. Hill Few people realize the vast amount of exploration work that is necessary before a commercial orebody is developed. Throughout the western mining areas, miles of underground workings honeycomb the terrain as silent witnesses of mans endeavor to find Rich orebodies have been found, are being found now and Sanpete Oil Plans Start Of Operations Zinc Scrap -- . . 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