Show Barrels of Oil Per Day Dad DayIs DadIs Is Goal From OlTI Bituminous Sands Salt Lake Group Eyes Industry In Uintah Basin BasinA A group of Salt Lake finan- finan financiers financiers ciers has a goal or of recovering barrels of oil per day from bituminous sands in the Uintah Basin A new in situ in in place recovery program will be pro pro- proposed proposed posed for this summer THE GROUP headed by John II H Morgan Jr includes Clarence I Justheim and J II H Morgan organ Sr all famous names in the Salt Lake financial world particularly in oil and gas deve deve- development In a recent letter to State Senator Leland John JohnH H 11 Morgan Jr said Based upon the tremendous hydrocarbon resources found in the Uintah Basin we have set a goal and we honestly be- be believe believe lieve we can reach this goal of producing barrels of oil per day from these great re- re reserves reserves serves We have developed the pro pro- and have the patents on for the recovery of these viscous oils through the of heat and steam We will be proposing a new in situ thermal recovery program pro pro- program gram this summer CERTAINLY appreciate aU all of your assistance in getting those bills through the legisla legisla- legislature ture The last paragraph of the letter refers to the fact that Senator sponsored bills in the last session of the state legislature which would aid the development of the bituminous sand industry in the Uintah Basin Mr Morgan and his associates associates ates outlined some of their plans in a letter to Utah State Land Board In with the letter were in checks to cover rentals for the year 1966 for acres of bituminous sand leases The letter reports At this time practically all of these acres which are arc all located in the Uintah Basin lie idle Our goal is the recovery of barrels of oil per day from these state school lands W WE BELIEVE this can be accomplished through the in- in introduction introduction of new methods and new techniques of heat and steam injection to these highly viscous oil formations We also believe that with these same new techniques we can recover many billions of cubic feet of natural gas which would otherwise lie idle idie We read with a great deal of interest an article that in- in indicated indicated that the State Land Board will ask for a Declaratory Declara- Declara Declaratory tory Judgment from the courts to determine the respective rights of bituminous sands and oil and gas lease holders IF THE courts hold the same way that the bituminous sands and the oil and gas leases leas leas- leases es have been written and sus- sus sustain sustain tain the action of the Utah Le- Le Legislature Legislature and attorney generals general's opinions and if the courts also sustain the rulings of the State Land Board we have no fear we will be able to proceed with I the development But we assure you we desire to join with oil oll olland and gas lessees in a cooperative tive effort for achievement on Utah state owned lands Senator commented that several major oil compan compan- les ies are arc associated with the fin fin- financial ancial group including Shell Oil Co Pan American Oil Co and Husky Oil Co lIe he said that if the land titles are settled work on the cooper cooper- cooperative alive venture may start almost immediately Filings on Green Rl River er water also present an important factor the senator emphasized Senator opined that the development would give a large boost to the Uniform School Funds He said that the tho large rental payments show showed that the firm meant |