Show Up p and Down the th-e Street Utah Oil Boosts Boosi's Output S 'S By 2000 ms Daily Dy V By Robert W. W Bernick Utah Oil Refining Co Thursday Thursday Thursday Thurs Thurs- day announced it is increasing crude oil processing at its Salt L Lake plant by 2000 per da day E. E S. S Holt president of the I firm firm- said the hike is being accomplished accomplished ac ac- ac- ac b by a expansion expansion facilities facilities facilities sion of the firms firm's storage ties for crude oil and finished petroleum products The hike should bring average I daily runs later this year to approximately approximately ap proximately per da day Report Net Profits I reported net profits of equal to per share for 1951 compared w with th net profits prof I its of equal to per share for 1950 Tot Total ll income dropped from in 1950 to in 1951 These decreases were largely a 2 result of higher federal and state taxes greater operating realization realization reali reali- costs and lower product Mr Holt Holl s said Drill Wildcat Wells Tells He reported th that last year e participated with Stano- Stano lind Oil Gas Co in in- drilling of a number of wildcat wells wells wells- one of which found production production- in Utah Wyoming and Colorado As previously reported the firm plans a filling station building program th this s sear year ear in Utah and Idaho This includes renovations for five stations stations stations sta sta- and erection of at least 22 new outlets materials per per- Dividends of oC were ere paid in 1951 the 1951 the same as paid the previous year Annual stockholders meeting has been set for April 15 at firm offices in the Utah Oil I Sales of all refined relined products I I showed an increase of 44 in 1951 over 1950 1050 Mr 11 Holt added I But product prices averaged a I I slightly lower than in 1950 NAMED A E C AID Ernest T h u r 1 low o w Spokane Wash Vash will head the Atomic Energy Commissions Commission's new raw ra materials exploration branch of of- flee fice in Salt Lake City according according accord accord- ing tug to word rece received ed here The A E C said two will be he under the S Salt Lake branch one at Butte Mont 1 and the other at Richfield The lar 1 Marysvale 1 office will continue to operate but it will be under the Richfield office |