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Show Promising oil well MOAB A major oil discovery may be in the works just a few miles from Moab, say printed reports. Columbia Gas Development Corp. of Houston has tested its Kane Spring Federal No. 27-1, just off Utah Highway 313 (the Dead Horse Point Road) for one hour at 2,302 barrels of oil and 627,000 cubic feet of gas per day, said last week's edition of The Times-Independent. Times-Independent. The significance of the discovery, which could easily lead to an oil boom in the Big Flat area some 10 miles west of Moab, hinges on whether the Columbia Gas well continues producing at around the 2,300 barrel per day rate, or if production drops quickly but holds at a good rate, the newspaper said. |