| Show Ute Oil Leases Receive Record High Bids acres of oil and gas leases on onUte onUte Ute Uie Indian lands brought a record high of recently TWELVE COMPANIES were active in bidding with four placing top bids Shell Oil dominated with high bids on 37 of the 45 tracts consisting of more than 75 per cent of the advertised acreage Other high bidders were Phillips Petroleum Petroleum Pet Pet- and Mountain Fuel Supply with witha a joint offer on en six tracts containing acres Diamond Shamrock on a one one- section tract and American Minerals Management and Friar Oil Corporation bidding jointly on one section SHELLS SHELL'S HIGH bid of the sale was per acre on Section 2 Township 2 South Range 5 West is a parcel located located lo lo- about eight miles southwest of the Shell discovery southwest of Altamont The Shell well was reported to have flowed as high as 1000 barrels per day on tests BIDS RANGED from to per acre of the total bonus was bid for six tracts of allotments on Rock Creek containing acres an average high of per acre Average high for the tribal lands some of which are located north of the Mountain Mountain Moun Moun- tain Fuel Supply discovery late last year was per acre with the average for the entire sale OTHER BIDDERS were Mobile Texaco Tex Tex- aco Champlin Flying Diamond James Tadlock and King Silver Corporation Raymond T T. T Duncan and John Chasle r 1 T I J a aL L JOBS JOB'S DAUGHTERS brought beauty to Saturdays Saturday's parade with a host of lovely girls on a float depicting Congratulations to the oil industry f r 1 n 1 I IL L BARKER WELL SERVICE COMPANY'S entry In the Petroleum Day parade Saturday was its large work over drilling rig Used in this area I r t 1 4 41 d Ki KiC C I OVER PERSONS were served a barbecue meal Saturday under an umbrella umbrella um um- brella tent as part of Petroleum Day Da activities f 4 1 r PRESENTING DEMONSTRATIONS at i nv land iland golf course Saturday were Halliburton Holliburton Da Dalbo I bo McCullough and representatives j j t lili |
