Show o Oft It f IN SOUTHEASTERN UTAH I Texas Gulf Producing company reported this week that Exploration I tion Drilling company crews were drilling at the 1518 foot oot level on the foot test new being undertaken un on the Cane Creek anticline anticline anti anti- cline dine some twenty miles down the Colorado river from Moab I I The well was in around the the middle of January aimed at atthe atthe the Lower MississippIan forma forma- tion Officials reported that at after te tea a rather slow start slow but steady progress is slow dow being made on the hole lole The well is situated on property held by Cane Cr Creek ek Oil company under lease to the M. M G G. and Jeanne Mason inte interests the batter latter latter lat bat ter having working agreements with Texas-Gulf Texas for the deep tests The Utah Utai Water and Power Board Doard approved a recommendation tion Uon that the state lift a power withdrawal on an in acre 80 site along the Colorado river near here to permit Taylor Delhi Oil company to acquire title to the site for a projected 25 million I dollar potash development The board was requested by Governor Clyde and the State Land Board to investigate the request After an Investigation the Water and Power Board concluded ed that lifting the withdrawal would not interfere with future power development on the river Federal Oil company president Norman Jacobs reported ported this week that negotiations are now going on between Federal and I several severa major oil companies to toI drill another test on the DIg Big Flat I structure west of Moab Mr Jacobs Ja Ja- cobs stated that completion at attempts at tempts on the present Federal well were halted in the middle of December A completion rig was moved In by Federal on tt September 30 after gamma gamm neutron ray log tog indicated Indicated In in- that the most favorable showing of oil was in the to zon zone one Casing was run and ud the section which appear appeared d to be Continued on Page PaO 8 I I V P i 4 1 OIL NEWS Continued from front Page 1 the pay zone tOM was perforated with six bullets per er foot on September 30 Mud acid treatments followed by swabbing operations during the month of October failed to toi i show anything but slight rainbows rainbows rain ran bows of oil However at times a little oil was recovered Officials stated that Indications showed that the cement job w was S chann channeled led and the acid treatment treatment treat treat- ment was not getting to the pay zone It was noted that oil re recovered reo re covered during swabbing did not have the same as MississippIan oil and was presumed ed to have come from a zone behind be hind the thc casing up the hole either eith eith- er from the lower Paradox or lower lower lower low low- er Hermosa formations Attempts were made at rece rece- the hole but were not too successful Swabbing on the and of December produced produced pro pro- some oil oil cut mud and then water again It appeared that the channel in the cement was still there The well was shut down temporarily temporarily tem tem- to review the operation and make further plans before proceeding with additional completion completion com com- work Mr J bs said Plans to begin toM nn more attempt attempt at at- tempt on properly testing the Bow know hole were discussed by officials of the company along with a further testing of the Black oil zone at a shallower level than the Mississippian which even though did not show up in drilling the well is thought to be a definite possibility for oil production However If Ir present negotiations negotiations with the major companies are completed another well willbe will willbe willbe be drilled on the structure Federal a Utah corporation has its main offices in Provo Utah Carter Oil Oil company has staked location and is currently selecting selecting select select- ing a contractor for a wildcat test to be drilled on its Bull Hollow prospect in the northern portion of the Paradox basin between between between be be- tween Monticello and Moab according according according ac ac- ac- ac cording to Raymond D. D Sl Sloan an di division division dl di- vision manager for or Carters Carter's Western Western West ern Division in Denver Scheduled as a foot Paradox Paradox Paradox Par Par- adox Salt test Carters Carter's No 1 State Leverton-State will be located about 13 miles northeast of Mon Acreage in the Bull Hollow area totals approximately acres Carter estimates cost for drilling the initial well to be around |