Show S EWING S TO COMMENT ON ONe e OIl DEAL nUl Advices Say Option Taken Tak Tak- en on Utah Holding I CLOSELY WATCHING California Said to Be Bex x M Much ch Impressed t j r 1 O. O V. W. Ewing president of West Veat OH OU company declined to com com- nent Thursday on the deal with a 11 Jot California oil company fo forthe for tor th the the- purchase of or stock control In the Ji company company any According to au au- 1 advices from San Francisco this week Meek It was rep I tl t t. t one of the lending leading California U fl companies presumably Asso Asso- ted OH had hull taken an option on oni onre i j. j t 1 re than of or the f fares ares ires of ot Westland OH Oil company d I Would send geologists Into the S Jl ids of southeastern Utah to make 41 san an examination of ot the company's l Holdings there before exercising the f j t OIL SITU SITUATION SITUATION TION Jn Sn commenting on on the oil situa- situa fOn In Utah Mr Ewing says I eI I returned last evening from tram San fn n Francisco r where I have been fn fit In the Interests of or the tho Westland Oil OilI ate e I find that the tho oil companies 4 pt rile tle Pacific coast are watching S. S Ulal al alv v ver very cry closely close The They are apparently enOY much Impressed Impressed with the Showing o ln that has bas been made at ati i toab and thoroughly thorough aware of ot the ther r ct that Mother X Nature ture has eroded n away oD the upper formation over a gf t. ah area In southeastern Utah and rid d left Itt the beds of the carbon- carbon erouS 3 formations exposed d which 1 permits th the dr drilling drilling- of the many nn structures In that locality without I goiri going to gr great depths Inasmuch as the Pennsylvania horizon of the Carboniferous rocks are p perhaps haps the most niost prolific of ot the producing ho- ho ho ho- horizons In the many different fields 11 t the tho United States and Inasmuch I a s the tha Moab oab test has proven the shale hale beds In the ORS tb be beery very ery It 1 seem that every condition In southeastern Utah is Ideal for tor ther the r J In 1 G of or great oilfields of which I I ate P Pacific coast companies are l aware SE SEEM SEAM M TO QUESTION i S It is unfortunate that a great many any people locally seem to question ques ques- lon tion the good faith of th the operators dulling drilling the Moab well veil It undoubtedly undoubtedly edly Is due to the fact that tire lire not familiar with oilfields or production of ot oil or they would know that it sometimes takes years Which has been known In other states to overcome overcame the difficulties of ot rInging bringing In a a. wildcat well Per Per- n I am lm m convinced that the in- in r ristie ts drilling the Moab well on Die Cane Creek Dome are doing their very ery ery best beat to bring the well In f A Rd a aS soon soon as possible In fact I think part Bart of ot trouble trouble Is due to hayIng having hav hay ing attempted fo to hurry the opera opera- tf ns The officers of ot all the comp comS companies com com- S p ponies Interested In that test are men of or known standing and integrity integrity integrity integ integ- rity and would not stoop to delay dela the bringing In of the well for ul ulterior ulterior ul- ul motives mothes or land grabbing or any other one of f the many reasons given Khen almost dally on the streets o of Salt Halt Lake City Instead of ot taking that attitude we should all aU be for tor the benefits to be bestowed be- be towed stowed upon this state by the att att at- at t t t on n the part of these companies compa compa- 1 nies es to open up the oil resources of V y ji-y s sUite state In which to date they ha have Mi e spent hundreds of thousands of f dollars and which will cost millions mil mil- lions t for r their other wildcat operations oper lions on w which they hav rut have e now de determined do- do G GAINS INS ATTENTION S As I stated the situation i Is at attracting attracting attracting at- at the attention of all the California oil people especially In View new of the fact that California production Is decreasing having decreased last lust week at the rate of barrels per da day under the he production of the preceding week the production now now being about bout barrels dally daily from the entire state of or California about one half or barrels coming from rom the Los Angeles basin It is only two years jears since the production in n Los Angeles basin alone was dally daily more than the entire daily dally production is now from the he whole state I do not mean to convey by this that California oil reservoirs are depleted for there are re many thousands of or acres of proven roven virgin oil lands In California held b by the bigger companies but butt It t is quite possible that new fields will not be found and It Is most probable that California has passed the he peak of or Its Us production of ot oil and nd consequently it is quite natural that mt these well financed and experienced experienced ex- ex California companies should hould turn to Utah with tIle the hope hopet of t developing great oilfields here I Iam Iam Im am m not lot in a position to affirm ordeny or or deny eny the statements that the Westland West West- land and Oil OH Inc has given an option on n control to Pacific coast inter- inter ts e-ts |