OCR Text |
Show 4 Pare THE WESTERN MINERAL SURVEY Liquids Lessen Damage To Wells During Pet Drilling Oil-Ba- se 1957 Friday, May 24, Salt Lake Stock Exchange The Bureau of Mines reported was drilled first with water-base instead fluid and was brought into protoday that use of of water-bas- e circulating fluids In duction. The damage to the prodrilling for petroleum will lessen ductive life was forecast. The the chances of damage to wells well then was plugged back and and will increase the total recov- was redrilled at a different angle. In this phase, an e ery of petroleum. drilling was used and the well was fluid These conclusions are based on 70 feet away from studies of more than a score of recompleted well at the same depth. the first wells in the Stevens Sand For- Pressure-buildutests indicated mation of Kern County, Calif., that the producing formation was which revealed measurable dam- not reduced in permeability by age to 5 of 9 wells drilled with the e fluid. In the next water-bas- e e Listed oil-bas- Sleeks Banner Minins Bis Hill Bonanza OH ft Mng. Bristol Silver Bullion Minins Bullion Monarch Central Btd Cardiff oil-bas- Chief Cons. Chief Cons. Pfd. . . . Chief Cons. Warrants Clayton Sliver p Commonwealth Lead Comstock Uran. ft Oil Cons. Eureka Crescent Easle Oil ... Croff OU Crown Point Dragon E. Crown Point East Standard Corp. East Tlntlc Coaln ... East Utah Empire Mines Eureka Bullion Eureka Lilly Cons. ... Eureka Mines oil-bas- fluid and damage to four years, this well produced drilled with the only 176,000 barrels of oil which othertype. wise may have remained underuniground, says Frank C. Morris, Drilling fluids are used of mines petroleum engBureau versally in petroleum fields to ineer author of the report. and cool bits, remove cuttings, and provide an underground barrier A copy of the publication, Reagainst blowouts by gas pres- port of Investigation 5333, .A sure. Correlation of Pressure Build-UDamage or improvement of the in Oil Wells with Completion permeability of oil- - producing Practice for a Deep California and com- Field, can be obtained by writsands by pletion method .is determined ing the Bureau of Mines section, 4800 tests confrom pressure-builduForbes Street, Pittsburg 13, Pa. ducted at the wells. Dramatic proof supporting the It should be identified by number Ejureaub findings is contained and title. in a technical report just completed which tells of the Kern County studies and traces the life history of well K. This well Abajo in 1 14 oil-ba- se Horn Silver Indian Queen Intermtn Pet. Inc well-drillin- g Moscow Mt States Dev Mountain assistant general manager. Eugene R. Peterson, former training supervisor at the mine has been named to the new position of industrial relations supervisor at the mine. Dale Peterson, former plant training supervisor for the Divisions mills and refinery has been named to the new position of industrial relations suprvisor at the mills. LAYTON'S Rosedale Cleaners PICK UP and DELIVERY GOLD STRIKE STAMPS IVAN W. LAYTON, Prop. 1256 West 4th North PHONE EL Res. Phone EL Salt Lake City View Moscow Mt. States Dev. Mountain View Naildrlver Nev.-Ta- h Oil ft Mng.. New Park New Quincy North Lily Purchases Two men have been named to pewly created positions at Utah Copper Divisions Brigham Canyons Mine and Mills, it was announced today by F. C. Green, at .11 at .14; 500 at .14; 500 9000 at .14 at .15; 1000 at .14; Eureka Mines 1000 at .03 Or. Deposit 1000 at .02; 4000 at .02V. Gr. Western 2000 at .08 Horn Silver 1200 at .03 Ind. Queen 7000 at .01 Mtn. States 10000 at .02 New Park 200 at 1.25 Park Konld 2000 at .03 Piute 750 at .05 3000 at .19; 2000 at .19; 4000 h 2000 3000 at at .19; 2000 at .19; at .19; 500 at .18; 8000 at .19; .19; 8000 at .18; 11000 at .19 Prince 1000 at .05 Prosper 1000 at .06 Sllv. King Wst 1000 at .19 Royston 5000 at .04 Sllv. Std. 2000 at .04 Tin. Lead 2000 at .04 West Toledo 1000 at .11 West. Alloys 3000 at .02 Willis ton 500 at .19 Curb Sales BulL Mon. 500 at .30 Colb. RexaU 18000 at 19; 1500 at .19 Dragon 400 at 1.00 Horn Silver 1000 at .03 2000 at .19; 500 at .19 h New Park 100 at 1.25 North Lily 200 at .50 Tin. Std. 100 at .77 East Utah East Std. Kenebec Leonora Little May .... Majestic Oil ft Mng. Mammoth Miller Hill Mono Kearsarse p Two Employees For New Positions Comet 3000 at .08; 100 at .07 Comm. Lead 1000 at .02 Comstock 200 at .17 Cr. Eagle 5000 at .05 Croff 5000 at .08 Dragon 300 at 1.00 Gold Chain P Kennecott Names 8000 At .19 Eureka Standard Other Interests Nev.-TA- Standard Park Bingham Park City Cons Park Konold Park Nelson ... Park Premier Piute Uran. Corp Plutus Prince Cons No. The Abajo Uranium Company, with headquarters is Salt Lake City, has purchased a controlling interest in the Embee Record Co., Inc., aeording to a statement issued by G.G. Gressman, president of Abajo. Sale of Embee Records was neg-bPaul Barrett, president of the Paul Barrett Music Co., Inc-- , of San Francisco, who will serve as president of Embee under the y Embee label. Nev-Ta- Canadian Area Has Promise Of Greatest American Oil Reservoir Bond Sales Jump number of With. 65 to 70 drilling rigs curagree- rently at work and new wells Under the Abajo-Embe- e ment Barrett will produce master being drilled to completion depth recordings for release by Embee, at the rate of more than two a using recording artists now under day the southeastern comer of contract to Barrett. The indie Saskatchewan has become the Pabels first release this week will most active single development be Conestoga Wagons backed and wildcating region in the with False Heart, sung by Nick whole of western Canada. Alexander and The Coquettes, $154,000,000 were invested in who regularly appear on the this area in 1956, and this years Pacific Power and Light Co. expansion plans by major oil comprogram of Portlond, Ore., heard panies indicate that this could be (network the 34 station a tjver greatest reservoir of oil in Northwest. the throughout North America. Some of the comGressmans statement the pur- panies already active in southern chase of Embee Records reveals Saskatchewan are Imperial, that the Abajo Uranium Cofpany, Standard Oil of California, Mobil which has heavy investment in Oil, Shell, Superior, Sun, Tideuranium, oil, manganese and feld- water, Seaboard, Standard of Inspar properties in Utah, Wyom- diana, Husky, Amerada, and ing, South Dakota and California, British American. is interested in a diversified inThe record of the past 19 vestment program, of which the months has been 26 oil discoveracquisition of Embee Records is ies in the drilling of 69 wildcats, only a part. the 1955 success ratio was 19 discoveries for 53 wildcats, while 5 months of 1956 RETORTS ON CARDIFF - PROSPER the first in the discoveries seven ANTICLINE - SILVER STANDARD brought course of drilling 16 wildcats. the from comparison finished which drilling in of wells 1955 and of months the first five was 122 1956 of 1956. The total 158 for out of development wells, in while 1955, the whole province, 43 out of 214, marking there were a reversal of the concentration in the southwestern fields in the early part of 1955. . URANIUM QUOTES Approx. Bid .33 .20 .07 .03 Vi .05 .12 .04 .01 .02 Vi .02 Abajo Alpine American Anticline Atlaa Baggi Bapco Bear. Mesa Beehive Ur. Bis Horn Bis Indian Bis Plnejr .. Slack Hawk Slue Lizard Calamity C. Carbon Caribou Cataract Ur. Zhlefton Ur. Circle Aeked Sllv. Buck. Spencer Standard Bterllns Strategic Mt. Sunburst Sundown Pet. Sun Uran." We invite you ... Write for Information About Promising Oil Situations in the hot "oil play of Southeastern Saskatchewan BwasUka Thnderblt U 3.62 Vi Temple Mt.' 2.87 Vi Trane West .03 Vi Uintah Wyo .00 O&M .03 Ula .01 U. N. Beryl U-K- an .01 .09 .01 .01 .00 .00 .04 1.15 .02 .04 .13 .04 .01 Cliff ex lomanche fengress Ur. dynamic El Rico English Oil 7onaol. federal 3em U-N- Upeteo Utah-Id- a ' Exp Uran Kins Ur Mines Inc U. S. Pet U. Uran Utah West Walters PRINCIPAL MINING UNDERWRITERS LTD. 1722 S earth Street, REGINA, CANADA a Without obligation please send me further information about Oil Developing Companies in Saskatchewans hot oil play. Whltelock Wyomlny Yellow Cat Yellow Clr York Ur. Name CROMER BROKERAGE CO. Sell Lake Stock Exckange Building. 39 Exchange Place Salt Lake City, Utah TWX SIM 80 Telephone EL Suite 3-- City ... Mr. BiCJ. Wheatlake, Salt Lake county savings bonds chairman, announced that April sales of series E and H savings bonds in this county amounted to $593,827. State wide purchase of series the last two months, as more people become aware of the new interest return of preent, 3-- now in compound effect, said Mr. -- Frederick P. State Saving Bonds Champ, Chairman. Early reports indicate that May purchases are also on the increase, he added. I concur with the statement made by Governor George D. Clyde in proclaiming May as Minute Man Month: I know no better way to fortify our economy against the challenges of the future than by joining in this savings bond prdgram to utilize this simple and completely safe way to save and to encourage others to do likewise. There is no better investment in th world for th average saver than United States Savings Bonds. Minute Man Month is an ideal time to consider savings bonds as gifts for graduation and for June brides and grooms - a gift that grows and keeps on giving, Mr. semi-annuall- State. y, Champ stated. Saings bond purchase for the four months of 1957 in Salt Lake county totaled $2,479,797., or 29.5 of the countys quota, according to Chairman Wheat-lak- e. Uintah County leads hte state with 58.6, he reported, with other counties exceeding the state average as follows: Kan, 58.3; Wasatch,. 56.9; Sevier, . Address 4 14 . In New Campaign southeastern E bonds show an increase over A feature of the Saskatchewan area which could be encouraging to producers is that the major refiners seem to be willing to accept the light gravity oil in preference to their existing sources of supply in Alberta, while the medium gravity oil 'has already been assured of a rather substantial market in Minnesota, where Great Northern Oil Company and Northwestern Refining Company are still deficient in supply of this type of crude. There is no proration in Saskatchewan and the market is open for companies to negotiate their own purchase contracts. The past record and continuing activity as well as expansion plans of major oil companies inAn idea of the increase in drill- dicates that this is an area to be ing operations can be gained watched in the future. -- 200 4000 39.4; 35.9; 32.1; Elder, 44.7; Emery, 44.6;-Waishingto- 43.4; Morgan, Davis botn Dushene, 35.4: Summit, Tooele, 31.7; and Box Juab 30.4. and . . |