Show OIL FIELD HELD NOTES The Taylor brothers who re brought ht in a flow flaw of oil at their well five miles west of Cisco have been forced to shut shutdown shutdown shutdown down drilling operations while waiting for the arrival of parts Ifor for their drill machine They expect ex- ex pact to resume work some time this week So far they have drilled 30 additional feet since removing the pump and are still In n oil-bearing oil shale Depth is believed relieved to be about 1160 feet The operators have pumped two wo storage tanks full fun of oil which ch is coming earning from a sandy shale Western Natural and Byrd Frost are down below feet at their test east of Monticello and are now below where a good oil show was reported when it was necessary to plug hack back and drill around lost tools Drillers have lave released no details except that a Ia show of gas was Vas encountered ered in the Paradox a Pennsylvania Pennsylvania Pennsyl Pennsyl- vania formation The Boundary Butte test near the Utah Ariz ona line is temporarily shut shutdown shutdown shutdown down at feet A total of new oil wells were drilled during 1947 1047 despite shortage in steel products The program was undertaken be be- because cause ause of a 10 per cent increase In a demand since 1946 1046 Demand is 3 expected to Increase another six per cent in 1948 Reasons Reason given are 1 The nations nation's dl diesel el engine Installations Jumped tom from 22 22 In 1941 to in June Juneo o of ot 1947 2 Motor vehicle registrations have lave increased approximately three million since 1941 3 Purchase of ot tractors and other mechanical equipment have lave caused farmers taking advantage advantage ad ad- vantage of ol the current high level lev el of farm income me to increase their heir petroleum requirements by nearly per cent 4 4 Industrial plants and o organizations organizations or or- have increased their demands by IB 16 per tent cent I The fhe Grand County Oil on company com om- om pany drilling near Crescent are expected to resume work during the next week after having hav hay Lag ing been shut down over the holidays Th depth is reporter I Ito to be around 1200 feet |