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Show HeurA Wetir fynificance in The Oil and ctf Jfojt Yol. 28; No. 25 In 10 Cents Salt Lake City, Utah, Friday, August 16, 1957 Gas Hills Area P8 0 ! irms Reserved Radorock Launches Venture c Radorock RENO, NEVADA Resources, Inc., completed a profitable year and has launched a promising venture in the Gas Hills area of Wyo., Ralph W Ney-ma- n, president,' reported at the companys first annual meeting held here Friday. Directors were In addition U. B. Haffner of Spokane, Washington, was elected to the board. Other board members included Mr. Neyman, Lester S. Harrison of Kellogg, Idaho; W. H. Gibson, C. Allen Elggren and W. D. Nebeker Jr., all of Salt Lake City. Present officers were reelected by the board following the annual meeting, including Mr. Neyman as president, Mr. Harri- re-elect- ed. Gas Service .Firm Aims To Expand 4 Loran Laughlin, Utah Natural Gas aims to serve White Nev., with natural president of Service Co., Pine County, son as vice president and Mr. Elggren as secretary-treasure- r. Mr. Neyman reported to the meeting that Radorocks cash balance after payment of a five cent dividend on August 5, was -- are $266,000. The Radon mine is continuing to operate at a substantial profit to Radorock, Mr. Neyman said. The mine shipped a total of 9,483 tons of high grade uranium ore in May and June. This resulted in profit to Radorock of $436,033 after operating costs and before taxes. Mr. Neyman reported that Radorocks venture in the Gas Hills area of Wyoming, now be-n- g operated as a joint venrure with Radorocks parent company, Federal Uranium Corporation, was one of the most promising operations the firm has under- Two-Mont- gas from the two-mon- th va Mr. Laughlin predicts that gas service would be available to the communities by the end of next year and that he would return to Ely, Aug. 23 with more details for the consideration of city officials. The Salt Laker proposes creation of separate Nevada distribution firm to handle the sales from the 50 million dollar trans mission line. Clark Named Steel Official SAN FRANCISCO, CALIF, Thomas C. Clark has been appoin- ted Assistant Comptroller - Utah Operations of U. S. Steels Columbia Geneva Division, it was announced today by J. E. Butler, comptroller. He succeeds F. Ray Friendly, who recently was named Comptroller of Oliver Iron Mining Division of U. S. Steel at Duluth, Minn. In his new position, Mr. Clark will supervise the accounting functions of Geneva Works, Provo, Utah, and of Columba Geneva coal mines and quarries ,and Columbia Iron Mining Company. His head quarters effective August 16 will be at Geneva Works. Since last November, he has been assistant to the Comptroller at the divisions general offices in San ck Geneva Blast Furnace Blown-i-n h Overhaul Following 500-mi- le removed and replaced while the top two thirds was supported by temporary columns. The top por tion of the high steel furnace was actually jacked up 12 inches and relevelled to compensate for some settling over the years. 12-sto- ry Geneva Works engineers super- vised the rebuilding job. Construction crews of American Bridge and Consolidated Western Steel Division of U. S. Steel and the Geneva Works maintainance a steelmakers department handled the steel Blowing in, term for turning on blast air, work, while Goodner Constructmarks the official time of starting ion of Birmingham, Alabama, in up a blast furnace. Actually, blast stalled the refactory lining of the furnace crefs at Ironton have been furnace. filling the big furnace with its The other four blast furnaces charge of iron ore, coke and lime- ae Geneva Works remained in stone since Tuesday afternoon. operation while Ironton No. 1 Once the wind is turned on the was down for repair. blast furnace will operate continuously raw materials being charged at the top, and, every few hours, molton iron and slag tapped from the . bottom. te No. 1 was last shut down for reline in 1951. Since then the furnace has produced approximately exas5 Aneth Plans Texas on to build a six to dollar natural gasoline ineth Pool, San Juan puu. County, was greeted with reserved interest Monday by other oil companies in the area. Other major producers said they had been negotiating with the Texas Co. off and on for several months on the gasoline plant proposal but there had been no decision as yet to join in the plan claims. El Paso Natural Gas Co. reported Radorock and Federal are equal it was continuing its efforts topartners in the venture. The Fed- ward construction of a natural eral Radorock operations are on land held by three other com- gasoline plant The goal of the natural gas panies. Federal Radorock serve as exrecover first and operator transmission company, of course Federal-Radorois purchase of natural gas from penditures; thereafter, share profits with tthe the proposed Texas Co. plant. companies holding title to the It has been estimated, roughly, land taken. He reported that drilling to date Approximately 60 of the outon the Sagebrush No. 1 claim in- - standing shares was represented. PROVO, UTAH Thirty - three transmission year old No. 1 blast furnace at .line-o- f El Paso Natural Gas Co., the Ironton Geneva of plant running from Twin Falls, Idaho, Works was scheduled to be to below Las Vagas near the Cal- blown-i- n this morning after a ifornia border. lay off for relining Mr. Laughlin, whose company and overhauling. The veteran furSteels Columbia-Genepresently serves Moab, Monti-cel- lo nace at U. S.Division Steel plant here and Vernal from lines of since iron has been producing Pacific Northwest Pipeline Corp., 1924 erected was when it by the adds that he also proposes service Steel Columbia former Corporto Wendover and Elko in addition to Ely, McGill and Kimberly in ation. It was the first modern blast furnace in Utah. White Pine County. proposed dicated, by radio metric testing, an ore body of approximately 208,500 tons averaging 0.28 U308. He estimated the value of the ore in place at about $5,000,000. Ore on six other groups of claims has been indicated either by drilling or adjacent boundry discoveries by neighboring companies in the area. Mr. Neyman said. He added that seven drill rigs are in the area for Radorock and Federal and will drill out these promising x .lent of the a 60,000 barrel a day line from the area to Los Angeles. Mexico Texacos Texas-Ne- w Pipeline Co. has proposed a line :rom the region to Jal, N. M., with the oil eventually landing by other systems in Houston, Texas Texas-NeMexico, so far as can be determined, has not started any construction The existence of two pipelines n the same field, one leading to a restricted market in Texas and New Maxico and the other backed by major refiners n the Los Angeles Basin, which las a deficiency of domestic crude is certain to lead to complicatons of production rate at that pool. Varying withdrawals for pipe-in- e purposes might in turn make that between 50 and 100 million equitable operation of a gasoline cubic feet of gas daily might be plant difficult. And this may exmade available from such a fa plain why, there has been much discussion about such a plant, no cility at Aneth. one has yet put a spade into the But this depends strictly on the ground. size of the plant, whether there is to be a secondary recovery proELECTRIC EYE gram based on gas injection at the pool, whether the plant also will serve other fields in the area including Aneth and the smaller pool, and other factors. . In its announcement, Texaco said it is contemplated that other producers in the field will participate in ownership of the plant. Cataract Readies New Test Well w oil-surp- lus Is-m- ay . It also mentioned possible use of natural gas in a secondary re- covery plant . In the past, there had been discussion of using a water-floosecondary recovery program at Aneth and adjacent area pools, with the water coming from the d, San Juan River. The construction of such a plant which strips gas-o- il liquids from gas produced with oil from a pool, might very well play a role in the transportation of crude oil from the area. , Four Corners Pipeline Co. is currently completing const, of Paradox Basin Oil Pools to Have New Names to Avoid Confusion The oil industry in the state The new East Desert Creek Poo! has decided theres more to a is now the White Mesa Field. The moniker than Shakespeare North Desert Creek Pool is the The current rebuilding job is thought when he talked of his Ratherford Field. unique in that the bottom third rose by any other name. What was once known in 195( of the 120-fo- ot high structure was To avoid the many pitfalls as the East Aneth Pool has which operators were digging for been named the Ismay Field. This themselves in selecting pool is the one near theColorado-Uta- h names in the booming Paradox border. Basin on basis of direction from What in 1957 became the Easi the last field discovered, the inAneth Field '(between Ismay dustry, with the assistance of the Field and Aneth is now Cataract Mining Corporation is Utah Oil and Gas Conservation known as Cahone Field) Mesa Field. test Commission and the United States preparing to drill a 5500-fo- ot well on a 160 acre lease in the Geological Survey, has redesigWhat Pan American Petroleum southwest corner of Archer Coun- nated a number of producing Corp. for a time called its Southwest Recapture Creek Pool, is ty, Texas, it was announced by areas. James F. Kiel, vice president in now the Turner Bench Field. The oil and gas agency and of Oil Division the charge probably the USGS will promAnd West Deseret Creek Poo! . The well will be spudded in ulgate rules in reference to these in the Gothic Mesa Field. The by August 15th and is to be lo- names. So it is hoped they will committee of oilmen (scouts anc cated 1,250 feet from the south stick by the new use. landmen) confermed the. names Here are the important chon-ge- s: of the Desert Creek, Aneth, Bounline, 660 feet from the east line of the H. T. lease, Section 2419, dary Buttes, Chinle Wash, To Abstract 596, Archer County, North Boundry Buttes Field be- honadle, Recapture Creek, Bluff Texas. comes the Akah Field. and McElmo Creek fields. 7000,000 tons of iron. refineries Not the girls the cameras! The light is always right when you sight and shoot home movies with the worlds first 8mm movie camera with an electric eye that assures proper exposure of film at all times. The photo cell on this new Bell & Ilowell camera reads the amount of light and harnesses solar energy to adjust the lens automatically. Its Instantly ready to shoot when a good scene occurs. Texas American Announces Profit Texas American Oil Corpor- ation of Midland, Texaa, announced that the net profit for the year ended June 30, 1957 was $139,543.-2- 9, or approximately $.09 per share outstanding. This compares with a loss of $57,583.68 for the previous year. The Companys crude oil production and net lease acerage holdings were greatly increased over last year. Based on recent acquisitions and developments, it is anticipated the current fiscal years gross income and net earnings will cantinue to grow. The year ended marked Texas Americans first full year of operations. |