Show oil production up 6 million barrels colorado oil pr production Auction ig is 1953 increased some 6 million barrels ver over 1952 and it is estimated that he the industry spent over million milron in the state to make the increase possible development of the oil and gas resources of colorado says Sta oil gas co by the petroleum industry is possible only through investment of f tremendous amounts of capital if the industry Is assured of a fair and reasonable return on its investment development of colorados and the nations petroleum resources will continue for the competitive nature of the industry insures a strong and well balanced exploration and development program stanaland Stancl Stana ind lind was organized to in 1931 as a wholly owned subsidiary of the standard oil co of indiana and started in business with some employees and about barrels daily average production in a quarter century it has become a major company with employees and a daily average production in excess of barrels |