Show Up and Down the Street Utah Mining Incentive Based Baseden On en n Fair Taxes Official Says A. A B. B Parsons former secretary of the American Institute of Mining Mining Min Mm- ing ing- and Metallurgical Engineers believes equitable taxation can furnish an incentive to development develop develop- ment of Utah mines A native Salt Laker and a 1909 1900 graduate of ot the University o of Utah Mr Parsons is acting as a consultant to the U. U S. S bureau of mines He met here Tuesday with a number of Utah h mine operators in discussion of their federal tax problems and arid their relation to continued continued con con- Untied and new exploration and development of the states state's mineral resources Mr Mi Parsons said the conference disclosed that mining mining- in Utah at present is confined to efforts of the major companies Those present agreed it would be highly desirable for smaller companies and syndicates to join in the search for new mines and development de of new mining districts districts dis dis- districts dis- dis All agreed Mr Parsons said that at the present time there is not sufficient incentive c for such development and exploration Modification of some aspects of the federal tax ta laws as applicable to mining as well as other incentives incentives incentives tives is needed Mr Parsons is preparing a survey survey sur sur- vey ey for use of the U. U S. S bureau of mines and the federal treasury department based on information received from mine operators and tax agencies Reports Widespread Commentary on the report that Ashley Valley Talley oil field had bad an eventual recovery quota of an estimated barrels per acre has been widespread among Utah oil men Some of the mathematics of the I problem used by geologists in determining determining determining de de- de- de the thc reservoir reser of the thc field are as follows An acre of land one foot deep contains an estimated barrels barrels barrels bar bar- of fluid If porosity of that earth carth or rock is 20 1 some 2000 barrels could be contained in that one foot acre Counting on a 50 recovery PH s tr IA L IAL Lt w tw t- t A. A B. B Parsons Mining Milling authorIty authority author author- ity probes effect of tax taz levies I that hat acre may produce under good g engineering engineering- agency about 1000 barrels of fluid or oil It is the Ule premise of the operators of the Oil and Utah Gas-Utah Oil Refining Co Salt Lake City No 1 well weH that they had feet of paying Weber sands This exclusive of any bands of nonproductive non non- productive sands that may have been found in the coring of the well veil That gives gi barrels re recovery re- re covery ery per acre But estimates the water was at bottom bot- bot torn tom om hole discovered through an additional foot 35 core and drill- drill stem test The mean estimate then hen is about barrels per acre One well to the water level doesn't prove the whole field just the immediate area around the well veil however It should be noted that production tion ion tion of various arious wells on Rangely field Colorado varies considerably considerably considerably consider consider- ably depending on location Depth Markers Markers reI released eased so far on TideWater Tide Tide- Vater Water Associated's Arch No 1 Emery county wildcat V S SW V 25 5 show the Moenkopi Moenkopi Moen- Moen kopi at 2231 feet The Carmel formation was topped at feet Navajo Chinley 1630 1940 Moenkopi 2231 Water Tide is now coring below 2231 feet Flights Resumed Challenger Air Lines has rc resumed re- re umed two flights daily to Kemmerer Kemmerer Kem- Kem Wyo yo from Salt Lake City G. G S. S Kitchen traffic and sales manager for the line announced The Kemmerer field has been closed since late fall because of severe evere winter weather Sessions Continue J. J A. A Hogle Co S. S Main st st. will continue with their regular regular regu- regu lar ar weekly sessions of educating he the public on stocks and bonds with a resume Thursday at 8 S pm p.m. on oil developments in Utah Edward N. N Bagley investment counselor will deliver the oil re- re port jort Herbert Dewitz manager of the firms firm's bond department will speak on New Underwritings New Capital Cap Cap- ital tal and Security Distribution The sessions are free to the tile public Project Completed Frank A. A Fisher president and general g manager of the Fisher Brewing Co announced comple- comple ion on of a project at the plant S. S West Vest which included installation of 15 huge storage tanks The total number of storage tanks at the plant was thus in increased increased increased in- in creased to and storage capacity capacity capacity capac capac- ity boosted to a new high of 30 The storage tank project was the second unit of an expansion program started two years ago First unit was a bottling plant |