Show r OIl DRILLING IN SI GEORGE FIELD SPURRED R b by Canadian and east elst eastern ern capital tho the Mid American Ol company of ot Ogden hit has resumed drilling He Us test on the Bloomington don dome dome t petroleum r reserve o er No 7 In InThe The St. St George oil field It fl was announced announced an an- Saturday b by Fred r d A. A Reber manager of oJ the tho Washington County Count Oil on Do company tho the hold- hold holding ing company for tho the U l Mid American and other othe comp companies operating In inthe tho the district The Tho Mid American company compan had spent p nt In erecting a n. l foot foot 1 derrick and drilling the hole hold to a n. depth of or 1075 1975 feet when work was temporarily halted while negotiations negotiations were carried on with tho Canadian Canadian Ca Ca- nadian and eastern Interests to sup sup- n ply monc money needed to complete the development de Under the terms of or the tho refinancing refinancing ing inS plan the Mid-American Mid will be reorganized and called Escalante Exploration Inc of St St. George Utah Fifty thousand dollars ollars has been deposited In St. St Georgo GeorgI to as- as sure flure completion n of ot the tho test New equipment and casing Is on the ground and actual drilling was commenced late lato la last t week wc-ek under tho the direction of ot Ed McAdams of or I Los os Angeles well-known well contractor and oil operator The objectives of or the well elI are aro the and Mississippian formations tho the former containing two taro t o oil bearing horizons and the thel i latter l three three- productive o strata ac accordIng according according ac- ac cording cordIng- to Mr Reber The rhe bit now Is Js penetrating tho upper Pennsylvanian Pennsyl- Pennsyl formation and production may be expected an any da day Mr n Weber ber said Negotiations for the refinancing was as c carried on through V. W. A. A Ross tho the Canadian Interests p presenting I tr Ross now Js is at the field in St. St G George e Associated with Mr Ross Is the theM M Jf of S. S McDonald l Brokerage company of ot Spokane Wash ash This company has organized tho the corporation corporation corpora corpora- tion which has acquired vatu valuable ble holdings In tho the field feld with the view of or starting operations In tho near future The St St. George field will be the scene of or considerable activity this summer In addition to the work at nt the Mid American which in Jn tho the future wilt will be known as the Esca Esca- lante Iante No 1 tho the old Virgin dome well ctt which was aM started in 1918 noon will willbe be bo under way again following fol- fol lowing refinancing and the Arrowhead Arrow- Arrow head hend Petroleum company compan is expected expect- expect 1 rd ed to resume operations about April I 1 on en tho the Punch Bowl dome |