Show Utah Gas Gas' Service sold to Colo firm Utah Gas Service Company which pipes natural gas to customers in Daggett Uintah Grand and San Juan counties has been sold for a reported million cash Sam Gary a Denver independent independent in in- dependent oil operator sold the firm to a Denver real estate development firm Colorado and Western Property Com Corn pany The name of the firm now has been changed to Cordillera Corporation according to Jack M. M Lucey vice president of Utah Gas UTAH GAS headquarters are being moved from Englewood Colorado to Denver proper There has been no change of personnel The company employs employs employs em em- ploys approximately 20 persons in its operation plus another seven in its Wyoming operation known as Wyoming Industrial Gas Company Wyoming Industrial serves customers in Lincoln County UTAH GAS formerly had an office in Salt Lake City but it was moved to Englewood about a year ago Lucey said Gary was forced to sell the gas companies because o of a a change in the depletion allowance rules The new rul rules s permitted him to take the oil depletion allowance on production of his wells only if he was not engaged in selling oil or orgas orgas orgas gas to customers Principals in Cordillera Corporation are James Neal Blue and Gary L L. Jackson both bothof of Denver |