Show Utah's energy mineral production summary 1 Early arty estimates of ot Utah mineral mineraI production Indicate Indicate indicate in In- a total value of ot at least 50 million This compares to 6 14 million and the million recorded in 1972 Copper production should exceed short tons gold troy ounces lead short tons zinc short tons tuns and coal cool about SMs million tons PI PETROLEUM l production will reach the 36 million barrel mark this year yeM in Utah production was slightly more than 31 million barrels The estimates were released today by hy Carlton Stowe minerals specialist Utah Geological and Mineral MineraI Survey after an initial study of mineral production from rom statistical sources available prior to the end of the year final tabulations The 1 f 50 million mineral value in Utah this year will set a anew anew anew new record high L Last st years year's record high of m million was wasa a 19 percent increase over 1972 Gains are also expected in the metals and nonmetals group as aswell aswell aswell well as the mineral fuels MINERAL l production and reserves of Utah will contribute heavily to over all economic and dramatic social changes anticipated in the next few years As a result of the current energy situation mineral activities with emphasis on development of Utah's energy resources will be of ot vital importance Reserve data indicates Utah's Ulah's wide nation-wide standing is in a secure position For example original reserve estimates of 24 billion short tons of coal was made in the early Approximately 33 35 million short tons have been produced to the end of 1974 Reserves then total more than 23 billion short tons In 1948 the American Petroleum Institute estimated Utah had some barrels of oil in reserve Production has amounted to just slightly more than million barrels There are then to million barrels in the reserve ca category NATURAL GAS however indicates very critical figures The original reserve was placed at 1389 trillion cubic feet Now possible remaining resources are placed between to trillion cubic feet Uranium was first produced in 1912 with the year of first major production Inthe in inthe inthe the early The original estimate of reserve was placed at 30 million short tons Just over 12 million short tons have been produced with an estimated reserve balance of some 17 million tons left |