Show Oil Exploration Near Moab Hot Not Spot For Paradox Basin The Shafer Canyon and Long canyon exploration units west of Moab are becoming the hot spot lipot of ot the Paradox Basin according to the Utah OH on Report in a a. summary of oil lease developments this week Independent operator Rip C. C Underwood drilling farm farm- cut out acreage of Southern Natural Na Natural a. a tural tura Gas Co recently completed com corn a discovery well in Shafer Sha fer Zen Canyon for tor barrels of ot 46 degree gravity oil per day It was the third well drilled In the general area and extended t the field fJeld almost three miles mUes southeast Underwood has made location location location loca loca- tion for another test T T-I T I IMay May fay 8 1962 and Is s Said faid ald to be extending his acreage hold old ings fags Leases held In the vicinIty vicinity vicin vicin- ity are getting some heavy bidding reportedly Southern Natural Gas Isi is i opening up a drilling program on the Long Canyon Unit another another an an- other established producer from the Paradox Parado salt to the northeast The third operator with established es production from the same zone Pure Oil has made madeno no further announcements since the cancellation of ot a proposed test in March arch Pure with their Dig Big Flat 5 discovery of at 1962 1062 is the northwest extent extent ex ex- tent of the Paradox Parado salt pro pro- Dig Big Flat 5 is ten miles from the Shafer Canyon play giving a huge field potential The area Is not new to Utah oil exploration It Is In fact tact one of ot the oldest exploration areas with a history of ot 40 years ears of drilling Production however Is a development of 01 more recent vintage |