Show STEPS TAKEN TO TEST MOAB VALLEY FOR OIL initial steps that may lead to the drilling of a deep oil test in moab valley were initiated monday night when a meeting of local landowners land owners was held at the county court house to consider whether or not they cared to give leases covering a sufficient acreage to interest a large operating company the meeting was called by county clerk H W balsley who had received overtures from an oil company indicating di that it would drill a deep test well here providing a sufficient acreage of patented land be leased about twenty landowners land owners were present at the meeting and all were favorably inclined toward the proposition approximately acres of land aers lined up with considerably more in sight the landowners land owners also decided to pool their royalty interests so that all would share pro rata on an acreage basis in all oil produced on lands included in the pool according to the terms of the leases which will be executed the operator must commence drilling operations within six months A deep test well must be drilled to penetrate the salt beds livai the big six oil company several years ago drilled a well west of moab but the character of the log showed according to geologists that it was located in a fault line and did not givs a correct test of the formations underlying moab valley several large operating companies are known to look with favor on the moab structure as the result of a new theory of geology which has been worked out following oil drilling in this region during recent years |