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Show I BLM oil and gas leases bring $2,235,00 in bidding j !. The Bureau of Land Management ; ; received a total of nearly $2,235,000 in a 1 1 ; competitive Oil and Gas lease bid open-! open-! ing August 18 at the BLM Utah State Of-i Of-i fice in Salt Lake City. Involved were 24 i Parcels of land totaling nearly 8,000 j ares within the known geologic struc-! struc-! toes of the Big Flat No. 1, Bitter Creek 0";; Red Wash, Book Cliffs, Greater Cisco i Area, Greater East Gusher, Greater ; San Arroyo-Bar X, Hatch, Horseshoe and Twelve Mile Wash areas in ; Duchesne, Grand, San Juan and Uintah 0;:; Counties. a i.i jf According to Darrell Barnes, Chief of I nl Brand of "ds and Minerals i Operations, the apparent high bidders i ; ere as follows: Parcel No. 1... Wichita $ ustries Inc. bid $16,800 for 111 acres; P'l f1 No-2 went t0 Natural Gas Corp. ;.: California who offered $10,695 for 40 sj! j""?'' Parcel No. 3 for 640 acres was Oj;, M at $324,589 by Belco Petroleum Cor- :i lco Petroleum was also high bid- tParcel No-4 containing 640 acres 800,173; Parcel No. 5 an area of 640 "res i was high bid by Natural Gas Cor-P:MCaliforniaat$l68,109; Cor-P:MCaliforniaat$l68,109; Parcel N0.6 m bidder was Mosbacker Production w. with $,830 for 472 acres; Conoco m rT' offered $130,112 as high bid for V ,u 7 containing 640; Parcel No. pJ!1 320 acres went to BeIco Ul Jkm for $100,086. Note: the first jo, W parcels were aU located in the Bit-j Bit-j w Creek-Red Wash designation. tifm 6lS N-9 and No-10 located in the 8 flat No. 1 region went to Energy J J I. . Resources at $72,720 tor 360 acres and Sinclair Oil for $333,000 for 640 acres. Parcel No. 11 located in the Twelve Mile Wash area went to Gulf Oil at $33,878 for 320 acres; Parcel No. 12 in the Greater East Gusher area was bid at $69,856 for 320 acres by Belco Petroleum; Parcel No. 13 with 160 acres went to Fuel Exploration Inc. for $28,443; it is located as well in the Greater East Gusher area ; Parcel No. 14 was acquired by Snyder Oil Co. at $50,500 for 200 acres in the Horseshoe Bend known geologic structure; Parcel No. 15 with 280 acres was bid at $56,517 by Fuel Exploration Inc. ...it is located in the Greater East Gusher area; Parcel No. 16 with 122 acres went to Belco Petroleum for $49,662. There were no bids for Parcel No. 17 and Parcel No. 18.. .they are located in the Book Cliffs. Ambra Oil and Gas Co. offered a bid of $28,621 for Parcel No. 19 containing . 560 acres in the Greater Cisco, Area. ..the same company had the ap-' parent successful bid on Parcel No. 20 at $16,355 for another 320 acres in Greater Cisco Area ; Parcel No. 21 went to Odegard Resources at $61,335 for 120 acres in the Horseshoe Bend area; Texas Oil and Gas bid high for 160 acres in that same area at $167,007 for Parcel No. 22; Davis Oil Co. was high at $85,089 on Parcel No. 23 containing 360 acres in the Hatch Area ; with Parcel No. 24 for 120 acres going at a bid of $133,867. |