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Show Up and Down the Street Carter Expert Hits Rumor Ute-Tribal Loses 'Oomph' : By Eebert W. Barerick . Report that the Ute-Tribal No. 1, Utah'i biggest and beat oil well. In Uintah county, la loosing ita "oomph." were dtecounted Saturday Satur-day by the man who know. Raymond D. Sloan, dlviaion exploration ex-ploration manager for the Carter Oil Co. (Standard Oil Company of New Jereey), Denver, Colo, aaya ha iaa't alarmed. Ha acknowledges that on a teat recently, It appeared the lSOO-bar-ral-a-day producer waa dropping bout 1 pound of bottom hole prea-aure prea-aure for every 128 barrela of oil It kicked out Thus far the weU ha been choked back to S00 barrela a day, or eomawhat leaa, becaua oTtrana-portatlon oTtrana-portatlon problema la hauling the 32-degree gravity crude to Salt Lake City. But Mr. Sloan saya that Carter started the well off with approximately approxi-mately 4100 to 4200 pound bottom bot-tom hoi preeaure. That'a good. . After the old Uta mad 3S.0O0 barrel, a preaaure teat waa made, and the kick had dropped by 100 pound Thl mean that the interstice In the aandy lima of the Greea River formation (from whence the oil flow) aren't aa long, deep and aj 4lg aa they might be. And Mr. 81oan aaya thia may call for wider (pacing tn development develop-ment of the area around the Ute-Tribal Ute-Tribal Into an oil field. Inatead of knocking down hole on every 40 acre, aa la the acheme at Ashley valley. Carter, though Ur Rlnan AiA tint uv It rnav have to move In with other leaae holders in th prospective unit to SO or 120 acre wells. A for economics. It would appear ap-pear that th well, which ha mad 55.300 barrela to Nor. 1. already had accumulated a nice piece of change for th opera tore and for th Indian of th Fort Duchesne reservation. But revenues from th Uta Tribal haven't com any where near paying for cost (UO0.00O) of th well or for th four ether dry hole Carter drilled before It found production In th vutne of th Uintah basin. Transportation coat alone, reportedly re-portedly near tl a barrel, make th payoff even slower. . Carter Is operator of th unit. In which Stanollnd Oil A Oa Co. and Utah Oil Refining Co. each have a 35 Interest. |