Show I Mineral Growth Gl Rests on Lease Rules RIlles The potential development of the vast oil sands in eastern Utah depends on a more favorable favor favor- favorable able leasing formula This was the opinion of John II Morgan Jr Salt Lake City who with his father John J Morgan Sr and Justheim Pet Pet- Petroleum Co have about acres of state land under lease MR MORGAN paid tribute to the state for having a leasing program when the federal government gov has bas not yet worked out a formula for the public domain However he did urge the fol lowing proposals 1 1 Extended lease urns maxin from the present ten years to 20 years 2 A more reasonable royalty royally scheduled for the state 3 A cheaper fee fE-c to change changeover changeover over leases to a new formula Lowering it from to 10 4 Permission from the state to form cooperative lease units so that work performed on one lease will satisfy conditions for several leases in a group S 5 A LEASE formula that spells out the difference bet bet- between between bituminous sand leases and oil and gas Mr Morgan recently wrote to the State Dept of Public Instruction stating that the benefits from the production of oil shale bituminous sands and gilsonite over a 25 year period would produce royalties of million for sc schools I This however he he said would depend on whether free enter enter- enterprise prise can work with state sta te and federal government cooperative cooperative- cooperatively ly I |