Show IT SALT VALLEY MAY RESUME NEXT WEEK lew of utah southern mountain states drilling rig in silt valley which at a depth of feet struck good oil showing SALT LAKE CITY june 24 special to the times inde eident no further developments can be reported for the tah southern mountain states fest of the salt valley structure 2 miles north of moab grand county the conference of officials relative to deepening the hole in aich small production was proved at around 20 feet was to ave been held last monday but had to le postponed because midwest officials did not reach salt lake as planned however george T hansen president and general manager F the utah southern had information wednesday that the mid est officials would arrive at salt lake next sunday for a con irence monday how much oil has risen in the hole during the time opera ons have been suspended is not known according to mr hansen as nothing has been done at the well drilling operations on the utah southern mountain states test well in salt valley where a flow of oil producing a minimum of from 15 to 25 barrels dally was developed will be resumed by the middle of next week it Is reported from salt lake city plans as to the future policy of salt valley operations have not definitely been determined as yet and will not be decided until the arrival in salt lake next monday of officials of the midwest refining company the midwest is interested in the test well and it is expected that on the arrival in salt lake of the midwest officials a new agreement calling for deepening the hole will be made the test is now bottomed at feet the limit of depth called for by the original drilling contract potentiality of the salt valley structure remains somewhat of an enigma and more drilling will be required to determine the productivity of the oil horizon which the drill apparently patently ly has barely what lies below the bottom of the hole at feet is of course problematical no one knows nor will venture a guess only the drill can tell the story A few more stringers of salt probably will be encountered but it the hole enters of either the lower pennsylvanian Pennsyl or or age and the solid formation continues for any considerable thickness this will be accepted as a favorable omen and the chances for success immeasurably enhanced conservative oilmen are inclined to feel gratified over the encouraging showing at the present shallow depth the oil struck proves that the drill Is penetrating a area and that the structure has adequate closure such a combination in any oil region of proved production would be accepted as almost sure sign of the existence of an oil reservoir at depth although officials of the drilling companies will not venture a prediction as to whether the well will be deepened oilmen feel confident that in the face of such an excellent showing this is the only reasonable step that could be taken |