| Show Power ver Company I I Gas Sale Pacific Lighting Cos Co's ex exploration af affiliate Is negotiating ing the sale of gas gns from its well in western Colorado to to- ton n a transmission firm Identity of the gas purchaser was not dis- dis disclosed disclosed closed THE ANNUAL report of the Los Angeles based natural gas distribution company company- company the nations nation's largest also stat stat- states states es that the exploration affiliate affiliate ate founded in 1960 now has drilled 14 wells The affiliate Pacific Natural al Gas Exploration Co found found- founded founded ed for the purpose of develop develop- developing ing natural gas reserves for Pacific Lightings Lighting's needs in fu- fu future fu ture years developed four gas producers and one small oil discovery in drilling EIGHT WELLS were dry and testing will be resumed on another In the spring the annual report of Pacific Light Light- Lighting Lighting ing states Four additional wells were being drilled in the Inter Inter- Intermountain Intermountain mountain West as 1962 closed it was revealed The exploration firm att at the end of last year held interests in acres in Utah and 23 acres in Colorado THE MOST significant dis- dis discovery discovery covery to date is the comp comp- company's company's anys any's Moon Ridge No 31 15 in eastern Utah which has an open flow potential of 48 mil mil mil- million lion Hon cubic feet of gas daily The report states that the Co ha has acquired three completed producible wells by purchase of a larg large acre acre- acreage acreage age block in in the King English on Corp of Texas deal in eastern Ut Utah h and five completed ed gas wells on a large block in western Colorado It is gas from from these wells which will willbe be sold to the projected d in- in interstate interstate presumably pipeline a program m being developed by Denver interests |
