Show FUTURE OIL A ACTIVITY IN UTAH looks MUCH BRIGHTER the dow down of a drilling in utah 44 ft both wildcat and development wells string diuri rag the second quarter 0 of 1953 was only main say the utah tall bu report tho caused causes of the so paced recession recess ibn 11 a drilling are an varied first of oil all and uy ily da do the fact that a ful ly of af tax money was in doubt since the has extended thie the excess profits tax law tor tw sm an additional sit conets a greater increase in exploratory gl az will be gen eral and utah will have ha ve its share sham and aid of near nearly equal conein to larger COM compa nice wes and WA was the end md and beginning of od the UW fiscal year thirdly and of also pearly A equal anc e tl is the e fact t that jockeying tor for adv amuge ws ous hand und end and tease item in oread wem of great oil 0 I 1 and gas possibility was taking place P during the first eix six montha oil of 1953 more lease trades on langu boocks at of land took place bian 0 in any am prior year bonus prices and blaas were higher er thian than ever and bieve keener thion v at any other time moat most at d these time latter utter considers na ore we continuing in effect tor mor new raw arom of f lease lean acquisition rem mlis Z and 4 study was newer rover ending floam outa ts and offers of tonn tarm outs were during the first half of od the year probably anore awan face cartiea now jn n the in area ww than tim at any previous hundreds of at ana ot of acres of oe oil and gas keeses ere am I 1 now WV on the beoka lang lely in n dew MW and previously urae aged and unexplored areas arm ot the th state brokers have abar ed Y ill th this luale at of business new have how been made and undoubtedly vall be nude in 61 other mr ote and VMAY DeP decorated orated I 1 of the tempo of tand land end and exploration to in the area border nhe av w monel nial are aboss va aae mm few 1 old use we the usual arguments 1 L e no Pipe ones waxy crude water on the howort or in the dl rm loss tut t sn ft producing ada 1 well auh 4 0 n flowing ft w 1 his company 0 or r that i a t operator op er a to r dosing c d bo up the or pulling out af the ten territory dd drilling I 1 costs are sav wo high bw every one am in ja the oil blaness has heard these reports and BMW we also ex bilty gabr of repeating them choso tho of qualified know keffe it dge know that every aim single le da day sence the oil exploration boom boon I 1 hit utah more owe and more mome money mooney has been invested vested to here hem more wre offices 1 have I 1 been bm opened opened by more and mt more brokers hav have appeared more office and field personnel pere onnel ne has box been added of bees have expanded or taken larger Qu quartee artem iv 1 I more inre wells haw hm been omm plan mcd cd proposed or r mo more federal U units aits nits M ej or fortner out bonuses overriding working hebere commiss commissions lons and sal arks have been increased arld ai ening areas wen of eberest hitte irest haat required reo more aggress aggressiveness ivene 0 o on n the tim part of ali and to tn general competition oc 01 greater veater as a dt cil result f 1 the increase I 1 ln steret is it has been great in the past vast and the future Is even bigger its ita rank nonsense non sence to expect the oll 1 industry to wat taft and heave I 1 the investment it haj has made in utah or anywhere else el where oil oraw Is found |