Show rl ee Ie 1 T 15 IN I IW W SOUTHEASTERN UTAH Paradox Future Looks Extremely Bright An excerpt from the business section I of the December 3rd Issue Issue is issue Is- Is sue of TIME magazine reads as follows From Front Houston and Albuquerque que El EI Paso and Denver tough- tough trading oilmen from every major i company have been converging on the Four Corners area to get in on cne of the biggest oil rushes in m U U. S. S history This I is typical of comments found In lit nearly every national oil publication in the country I Throughout the world the Importance Importance importance im Im- Im- Im of the Paradox basin is nw W being beng recognized In addition to th number number num num- ber of major oil all operators in- in tho the area a number of the smaller companies have re recently recently reo re- been sending scouts from other areas to Inspect the Green River Moab Monticello Bluff area and to investigate possibilities pos pos- for acreage l Many of the oil all companies arii ar ar- ii rUed ried ed too late on the scene Sene In other major oil provinces However How jiow- ever m most moat of the majors are at- at n to becQ become 1 well entrenched entrenched en en- trenched in this early stage of d development of ol the Paradox bas baa in Some expert perta appear convinced 4 ed lid U that tM t tta li arM area may maX be one of the few remaining r great t oil frontiers fron fran tiers Uw in the United States A As a result 0 of the publicity j given VM Moab doab in the D Da December ber Is j of McGall's magazine Mr Me R D. D Silk public relations con tact for lor the National BroadcastIng Broadcast Broadcast- Ing Company in New York Vork City phoned Moab recently regarding the possibility of bringing to 5 million TV viewers a film story on In Moab In reply the Industrial committie commit- commit Ue tte of Moab's Chamber of ComI Commerce Com Corn merce emphasized the need for I complete accuracy If the film Isto Isto is isto to be made nude Mr Sal Salk concluded the telephone cow conversation by saying I 1 feel that as a result of ot the nev developing oil and gas picture of your area in addition to uranium and potash Moab has hasan hasan hasar an ar opportunity to he ho more than just a Ii boom town it may become become become be be- come a iI small Industrial wonder I 1 will contact NB NBC C. C right away away The oil highlights of the week were the two Hermosa Hermosa- Paradox completions In the tle Aneth area erca by Texas and Gulf companies flowing respectively ely and 1000 barrels of oil cli per day Despite the winter win win- ter months 21 oil rigs are now operating within Utah louthI southeast south louth- east of Moab I In the southern Book Dook Clift Cliffs area 0 of the Uinta Ulata basin buin Grand Grind county three new locations have been announced ed by Oil Exploration Burton Durton W. W Hancock nd American Metals companies I Three other othu t tests are Ul in progress la liz the area arsa The primary object object- iv ivis e here lo are for tor gas ps as from the Dakota Morrison MorrIon and E Entrada t |