Show OIL INDUSTRY ft BUSINESS NEWS VS Oil Exploration Shows Early Year Increase BY DON ROBINSON The loc locally lly dormant oil exploration industry shows signs of an early year upturn this week with a major test planned for the immediate Moab area irea and activity in the northern gas fields Texaco Inc it was learned Tuesday plans an foot Mississippian test of the Klondike Unit 4 4 miles northwest northwest north north- west of Field The approximate location would be the southwest quarter of Section 15 Twp 23 S Range 19 E. E There has been no drilling of that depth in the area at any time and none recently at any depth The closest drillIng drill drill- Ing recently was a test of the flank of Salt Valley in late 1964 Eight locations exclusive of Texaco are arc listed for lor the thee county The majority are gas wells Two wildcats Agate Field Bryson Dryson Westwater San Arroyo and an unnamed unnamed unnamed un un- un- un named field are involved To the south Petroleum is drilling in the Mississippian Mississippian at 6 Big Indian Unit The test is slated to go feet The Oil and Gas Journal rates Utah as a prime target for oil oU exploration in a recent article Two-thirds Two of the states state's acres have oil potential The main areas of at production now are the Paradox and Uintah Basins Mo Moab b being a point mid b between tween them Chief deterrents to drilling in the tho state have been an above average cost per hole due duo duoto to difficult terrain unusual drilling problems such as loss of circulation and formations in some producing regions r r r Denver and Rio mo Grande Railway through its Salt Lake City office will soon file a construction application for tor the Ille Mlle Mile siding near Moab 1 Grand Junction Agent Jay Wells said that the thc railroad would utilize rail raU from unused sidings in Jn Green River for far the installation this spring Freight billings and similar matter matteN will be handled through Thompson Thomp Thomp- son Agent Chet Brostrom Mr 1 r Wells said sald r 1 r Atlas Minerals Corpora j I President A A. P P. P Kibbe announced announced an an- pounced Monday in Salt his resignation from the position he has held sinco since 1965 He will continue as a member of ot the th board differences ot of opinion regarding management nt phD sophy as reason forthe for tor forthe the resignation No Immediate successor has been named The rhe executive is known here as a founder of Lisbon Uranium Company which became part of ot Hidden Splendor Mining He lie headed the latter company until it merged with Atlas in 1962 1902 Hunt Truck Lines has received transfer of authority ap from the Utah Public Service Commission in its a acquisition ac of R. R A. A Gould Trucking interests here Effective January 19 Hunt Aunt has been given authority to haul from Salt Lake City to p- p points pints ints in Grand and San Juan counties Garfield Chemicals Chemical's acid distribution unit at Thompson is being dismantled by Clever Construction Company of ot Moab The facility was once onre very active when now Atlas s Minerals was using an acid leach process almost exclusively |