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Show Oil Shale Process Funded n By Group of Oil Companies $7.;i million pria-,,-financed program to jVniont i . t o the Paraho niiu-oss l'tir extracting oil nut K-,s ll(n s,ull was S fully I'uiuled ami assured ,f "ooinpK't inn recently iih tl'l addition of At- lllUio Kichfield Co. ami fillips Petroleum Co. w JS participants. Oilier members, in the lircior in which thev joined join-ed the proup. are: So-io So-io Petroleum Co., a subsidiary sub-sidiary of The Standard Oil t'i). (.Ohiol; Southern t',lifornia Kdison Co.; Kerr - McCee Corp.; Development Co.; uuu1ard Oil Co. Un- dianal; The Carter Oil H Co a subsidiary of Kwon corp.. Mobil Research & Development Corp.; the Webb Resources, Inc. ' jioup: Sim Oil Co. and i Texaco. Inc. Phillips and Arco ' rounded out the 15 complies com-plies needed at $500,000 each to support the en-" en-" rire 311-month oil shale ; project. Two processes . invented by Paraho Development De-velopment Corp. of Denver, Den-ver, Colorado, one involving invol-ving internal and the other external heating, will be ,-. tested. On August 31, ten companies, com-panies, who were participants partici-pants at that time, elect-: elect-: ; ed to launch the program immediately by approving .. j two-step approach to be initiated on the basis of the S5 million committed by them to financing the . project. ! The second step was " contingent on getting the r total of 15 companies to ": participate. Both steps are now assured with the : participation of Arco and Phillips, according to - Harry Pforzheimer, pro- gram director and vice President of Sohio Petroleum Petro-leum Co. The project will be conducted at the Anvil Points oil shale facilities uar Rifle. Colorado which have been leased lrom the federal government govern-ment for that purpose Inspection, detailed engineering en-gineering and modification modifi-cation of the two new Paraho Par-aho retorts is underway Phillips Petroleum has been a pioneer in testing test-ing oil shale processing technology. A major oil company headquartered m Bartlesville, Oklahoma, Okla-homa, it was a member of the six company group that conducted oil shale retorting tests at Anvil Points in the mid- 10's. Other Paraho participants partici-pants in that group were Mobil, Kxxonandlndiana-Standa Kxxonandlndiana-Standa rd. Also in the mid-1960's Sohio, Cleveland-Cliffs and The Oil Shale Corporation Cor-poration also launched an oil shale experiment in Parachute Creek, Colorado Color-ado under the name of Colony Development. Atlantic At-lantic Richfield joined the Colony group in 1969 as operator. "Atlantic Richfield is pleased to become part of the Paraho project," an Arco spokesman said. He |