Salt Lake Telegram | 1931-09-21 | Page 7 | Utah Oil Land Leased by U. S.

I I I Utah Oil Land Leased by U. U S. S I A acre tract of oil on land the first to be leased by the government In Utah was turned over to the Uta- Uta cal Oil company for a bonus bid of at an auction sale held by Eli F F. Taylor register of the local ment meat land office Monday The land is located in the virgin oil all field in Washington county With the Utah Parks Petroleum company taking part the bidding started out at 10 and reached the mark within minutes Under the terms of the lease the company will pa pay the GOvernment government gov GOv- 1 an acre a year rental and anda a ro royalty alty on oil taken from its proposed proposed proposed pro pro- posed wells I