Show carter plans multimillion multi million dollar oil exploration explorat ton in uintah basin uintah basin will win bo be the main target for a 5 6 to 6 million dollar exploration program it wa w4 was announced last weekend byo 0 schorp of tulsa oklahoma president of carter oil CQ company at a press conferee conferen con slnl feren 10 I 1 cdan cdln I 1 0 ik n salt lalceoityrw the co company mp e hew a also 0 said there were vim possibilities 111ties that carter would woul erect a refinery finery in salt lttecityr it would beloglcl belogltil to refine crude oil from the uintah basin in salt take lake city then wp products via pipeline to the west coast noted john R suman vice president and meaner of the executive e committee of the par ent firm standard oil of new zer herwy jerwy s T the ecostructlono constructionof construction ft of these lat ist ter projects would depend on big aes 3es discoveries of oil 611 in inthe the basin the executives mid uld mw now tut TXM the reason that carter Is spending so much ii6ney money in the area Is because wire looking tor for an east east1tex&s texts ap 1p mr schorp eaid eald V A f he said that tha the company Co miani was i interested in n other parts of 41 Uta utah beIly especially the southern uer aer of counties couau cobau I 1 buthe but the basin V remained ltiprindpal jr 91 ncipil oba obj object objec jec live uve he not noted that the basin but covered W 11 some e five ve million acres the new exploration figure does not ine include lude field developments atlooseveltipool atroonvaltkpool or at duchesne duchesncva 0 0 I 1 4 01 macort wacort costs As an uiduauon on of the tfaecort bost eost of arming drming wildcat oil on wells in continued on an vali 8 I 1 CARTER canten PLANS MULTI MILLION DOLLAR DOLL OIL exploration IN BASIN continued from page 1 the basin mr schorp pointed i out that the firm already had spent 300000 500000 on the well in ini strawberry valley the new multimillion multi million dollar program represent represents a 25 percent aerogram erogram hike ike in uintah basin activity a ai s compared with 1050 carter has h been hunting for oil in utah ance dnce log nee 1043 1945 accompain Ac accompanying compain ying mr schorp and mr suman were david D avid frame houston texas vice president of the humble oil co 1 I a jersey affiliate and J W connally new york coordinator of market standard oil co new jersey vernal oilman included in the party were E R smith manager of marketing districts and raymond D sloan manager of northwest exploration division both of carters denver office L T hart district geologist and verne E & farmer former production geologist both of vernal and W E clay district land man salt lake city cit zi at a meeting saturday of the northwest division of exploration and marketing mr sloan gave a report of the activities of the northwest division mr hart told of the geology of the area with special kpecial bpecial emphasis on the uintah basin mr smith reported on an the operations of the marketing branch in the rocky mountain area social at a social gathering sunday night held in a summer house in one of the salt lake canyons oil officials and salt lake businessmen iness men were feted and also J A cheney fran feltch and 13 H stringham of vernal on monday morning the oil executives and members of the party flew from salt lake lair e city to duchesne to vigil visit the carter wildcat there theywere they were met by C L cooksey division superintendent of production at denver and P A williams of vernal office who joined the tour then the party flew to ft duchesne to present portraits of three elderly indians to the tribal council the portraits were painted pointed by betina stein key prnlailon pxsonfaflon mr schorp and mr suman addressed the council and made the presentation on behalf of the company after a visit to asphalt ridge members of the party lunched lunche2 lunched at the hotel vernal inviting a number of friends inc including ludin R roy M johnson vernal oil elpio expio explorer ajo rjo while at luncheon mr schorp ventured the opinion that uintah basin was one of the greatest t undeveloped sources of oil on in theunited the h united sut spatea statea St atea 0 he said that the country may look to the basin to make up for recent losses in the near hear east the carter company was one of the first companies engaged in geological exploration of the basin years ago aft after lunch the executives left for west yellowstone prior to flying back to new york in the two company planes the party will examine the companys companas Comp anys operations in billings |