Show Up and Down the Street Charts Test F r Red Wash f o. o 2 By Robert W W. Bernick The California Co Tuesday was preparing to test is its Uintah County Count Red fled Hedash Wash ash No 2 unit below below be be- be low Jow feet in a horizon some feet above e section in which the near near-by discovery well wel made madean an estimated cu ft ft o of natural gas per day The he first well wel was completed as s an oil oi discovery discover below v feet feet Denver Demer office of the Standard Oil Oi Company of California subsidiary subsidiary subsidiary sub sub- reported a dull drill stem test had been made last w wee week e e k between between between be be- bei i tween feet feet Open one hour hour the test lest recovered recovered reco ered feet of slightly gas cut mud A fair blow was obtained during during dur- dur ing lug the first 35 minutes of the I test but died off of toward the end endor of or the D DST S T. T Company officials said testing thus far on the important offset had not reached horizons wel where here oil oi and gas shows were obtained in the d discovery ery unit unit Ludlum Steels Steel's Net Allegheny Ludlum Steel Corp and subsidiaries Tuesday reported report report- ed earnings of for the year 1950 as against earned the previous year The firm in its it annual report technical technical technical tech tech- noted three new important and production developments developments develop elop ments ment 1 1 Melting titanium s sponge p 0 n fl g e produced by by National Lead Co as well vell wel as rolling roling forging and drawing off of the metal into prod prod- 2 2 Acquisition of continuous casting patents patent from Italian Ir- Ir zing Rossi and formation of Continuous Continuous Continuous Con Con- Corp in which Allegheny Ludlum has 35 interest interest in interest in- in terest Rossi 45 American Metal Co Ltd and Scoville Manufacturing Co both 10 This revolutionary process will l wil eliminate pouring of metal in in ingot ingot in- in I got molds soaking pit and blooming blooming blooming bloom bloom- ing mill mil operations 3 3 Acquisition of the French license in United States of the extrusion process invaluable in production of or seamless tubing and of wide application in manufacture manufacture man man- of oC steel artillery artlery shell shel casings formerly made of brass Slowly Core Ahead Operators arc are slowly coring ahead at the Mason lason No 1 wildcat wildcat wild wild- wid- wid cat in m Cane Creek Grand County Coun Coun- ty ly it was as reported Tuesday H His It I is anticipated the drill bit hit wilbe will wil willbe wil be at the bottom of the Paradox salts in another 50 feet feet Total depth is believed near feet feet Objectives now are arc the contact contact con con- tact of the Pennsylvanian and Mississippian formation or the top of the latter later horizon Standard Oils Oil's Ois Net Standard Oil Oi Company of Call Cali California Cal Cal- fornia Tuesday reported net income in income in- in come of for 1950 compared with in 1949 1049 The firm dealt deal high praise in inis ints its is ts annual report to efforts efort of its it subsidiary The California Co in n the search for oil oi in Utah Test u wel ell drilled by The California Cali- Cali Cal Cal- ornia fornia Co in the comparatively unexplored Uintah Basin of eastern eastern east cast em ern Utah encountered encouraging ing ng prospects An exploratory wel veil at Red Wash Vash Uintah County Coun- Coun ty y showed commercial quantities quant- quant ties tes ics of oil oi production at a rela- rela shallow depth Substantial lal tal showings of gas also were found in the upper levels le of C this well veil wel Small Smal initial pi production was as as found in a discovery discover well ell in m the Gusher area also in Uintah County and a second well wel is drilling driling drill drill- ing ng ahead there Large of acreage creage have been leased both at t Red Wash and Gusher The parent company also noted another subsidiary the thc Salt Sal Lake Refining Co would increase processing recessing of crude oil oi from 18 1800 18 00 barrels daily daiy in 1950 1050 to barrels daily daiy in 1951 1951 The Salt Sal Lake Pipe Line Line Co a third subsidiary has completed is its mile mie lne line from Sal Salt Lake City to Pasco Wash and md is now engaged in m a 1000 00 expansion of that line lne |