Show OIL AND DRILLING NEWS Information Scarce After Belco Activity of f Last Week A lid Jill has clamped down over drilling operations in the LIsbon Lisbon Lis Us- bon Valley oil search after two reported blowouts at Belco Delco Petroleum Petroleum Pe Pe- company's No 1 wild wild- cat The operator r reports ports nothing nothing noth noth- ing conclusive concerning the two zones and is drilling ahead in fri the below 8 feet Other than Other than that much Is ls rumored and nothing is con con- conI I firmed Information leaks apparently prompted the lid that was placed placed ed on on Information about ten days ago A spokesman in Grand Junction Junction Junc June tion w was s quoted as saying that stockbrokers were getting in information information information in- in formation faster than the company company com pany president Arthur Belfer heifer of New v York The Belco Deleo well is a step-out step from Pure's successful discovery and is the deepest of the Anticline tests Pure Oil on company's No 2 N NW V Lisbon USA U.S.A. is s listed asa as asa asa a tight hole to further curtail the information from the area The last report on drilling depth shows no change or no reported change This is definitely definite definite- ly a change from the liberal distribution of Information from the early wildcat Elliott Production company ny another I Devonian test at Lisbon Valley is drilling below I feet It is not a n tight hole but probably will be so when drilling reaches depth of conse conse- quence Grand County Assured Activity Sunday Mid-Continent Mid Oil company Is underway with a well multi-well exploration program in the Diamond Ridge gas field fieldIn fieldin in tn the Book Cliffs of northern Grand county One rig will be maintained In the area during 1960 to drill five or six wells on some acres controlled by bythe bythe bythe the company The wells will be drilled about two miles mUes apart to delineate the fields reserves The company has located Its Us third wildcat on the unit al al aI- ready The No 3 Diamond Ridge Unit NW mV SW S SS S Sec 5 T TWP ITS Range flange Is a location location lo- lo cation for a foot toot Dakota Dakota- 4 ris n-Entrada n test It Is lo loless lo JO c cad l lets less s th than n tw two miles mites from the nearest producer there The producing No 2 Diamond Ridge has gauged up to five million cubic feet teet daily dally and was completed completed com corn with an initial production of cubic feet daily dally and twenty wenty barrels of at distillate te The I rating of ot the gas discovered discover ed Is well over the standard for admission to existing transmission sion slon lines JInes The Grand Valley Transmission ion sion company It If the Fro approve ap- ap prove fOvea Plant plans to construct gathering gathering gath gath- ering ring line from the Westwater field of et Oil Incorporated about 1 Ix c miles mUes east at of the Diamond nid Ridge unit The tie up WOl would t be ye with the El Pi Paso Pao 50 Pacific Northwest line tine near rear the Colorado Colo- Colo rack radu border border- Extension of the tM gathering lines could give a mar mr market I ket Icat to the Sunray development For Grand GraM county the tho announced an p. p plans plana of Sunray i give ve assurance ance of continued continual activity In northern Grand county for tor 1960 I In the same area the Utah Oil Report lists a new location fo for Raphael No 1 Fee In the East Cisco Springs area The two additions bring the total Grand county announced locations locations loca loca- to nine Eight of them are located In n northern Grand county coun comm ty and Pure Oil one company's company No 3 3 Big Fl Flat Fiat t. t west of at M Moab ab S General Area News Grand Junction reports that tha seismograph activity pi prompted by the Lisbon V Valley excitement has spread to that city PhIllips Phillips Phillips Phil PhIl- lips Oil company has moved a 0 moderate sized crew into that tha Colorado city with apparent intent Intent intent In in- tent to operate between Nucla Colorado and La Sal Junction San Juan County Utah Seventeen Seventeen Seventeen Seven Seven- teen crews are now operating out of Mob Moab fourteen are reported reported reported re re- re- re ported in Monticello and fouin four fou in Naturita Colorado Kane county is the hottest hottes area wise lease this week in Utah but Grand county and Emery Emery Em Em- ery cry county are still holding interest interest in in- terest for applicants There has been a decrease in activity perhaps perhaps perhaps per per- haps due to Inclement weather during the past two weeks Glen M. M Ruby formerly active here on the Big Die Flat and now nowa a resident of Salt Lake City Gity and Springdale has been invited to return to Formosa by the Chinese Chinese Chi Chi Chi- nese Nationalist government The geologist and independent oil operator will start In the direction direction dir dir- of an exploration program for gas and oil oU there The E. E B. B Larue Lame Jr foot McCracken test six miles southeast of Moab Is still only a location The location has been prepared for tor or a rig and the operator operator oper oper- ator reportedly has been seeking seek ing Jag Information on potential water wa ter sources near the location It was announced that a rig would be moved on location around April Ap Ap- Ap ru ril rU 1 i but delay seems probable 5 Potash Information Nil The Tho pota potash tash drilling operations at Cane Cano Cr Creek k nr are Completely tl tight ht t for r Information Latest news Involving the operation Is that the State Road Commission Commis sion slon has discussed putting a road Into the area from this the east side of ot the river and bridging the river at Cane Creek |