Vernal Express | 1958-11-20 | Page 6 | Major Oil Companies Bid $303,931 for Drilling Rights on Ute Lands Section

major oil companies Compau ies bid for on ute lands six oil corny comy anies last week bid a total of for or rights to drill for oil and gas on 34 acres of uto indi indian a n lands north northwest of e duchesne county standard oil company of california which requested the lands be placed up tip for bonus bidding won high bid on oil 15 of the 27 tribal tracts covering acres and was high bidder on all of the indian tract allotments total ind 1020 acres average bid on the tribal tracts was 8 76 a anacle ere standard of Cali foTa fornias S total high bid was bidding in addition to standard of california were carter oil co superior oil company of california sun oil co and pan american petroleum corp the latter firm was highest bidder per acre on tract no 14 at 10 an acre the ranged through townships 2 and 3 south ranges 3 4 5 and 6 west uintah special meridian the bids will be accepted or rejected at an early meeting of both the uintah and ouray business Du siness committee of the ute indian tribe and the board of directors of the affiliated ute citizens of the state of utah