OCR Text |
Show Page 5 THE Wednesday, January 11, 1978 Oil Money Aaordmg to Brad Simpson, office manager lor American Quasar, about 50 per cent of the Pineview employes are locals, with the other 50 per cent coming Horn out-of-state rigs. The company employs em-ploys and trains as manv locals as possible. Simpson said. Several local construction companies, ioo. are used to build actual sites. "There are a lot of job opportunities, hut it's sometimes dangerous work and it evolves a lot of shift work," he said. Several weeks ago American Quasar reported its first Pineview death in its Pat Driscoll three year history at the site. There are approximately six wells per 320 acre section. American Quasar and Amoco own about 40 sections in the Pineview field, many of which have yet to be drilled. Tax Revenue The Division of Oil, Gas and Mining repor ts three types of taxes are levied on oil production. One type is a two per cent mine mill occupational tax, or severance tax, which is taken by the state. Another is a 1''2 per cent mill per net dollar tax which is used by the division itself. A third is a county-imposed tax (80 per cent times 871 2 per cent times the value of the last year's production times the county mill levy!) The Division of Oil, Gas and Mining reports that Duchesne County receives 90 per cent of its total revenues from the oil and gas tax. Sum mit Co. Returns Summit County Clerk Reed Pace reports that a total of $638,175.94 in revenues was produced by Summit County Coun-ty oil wells in 1977. The total valuation of Philips was set at $1,594,789; American Quasar at $8,346,817 and Champlin at $836,515. The county received $123,984.39 of the tax monies; the South Summit School District, $88,682.94 and North Summit-Schools, Summit-Schools, $403,486.78. The Weber Basin Water District received $9,183.33 and the North Summit Fire District, $12,874.50. Where oil is found on federal property, the government receives royalties but reverts at least half of the revenue back to the states. Twelve Summit County wells exist on federal property halfway between Evanston and Rock Springs in the Bridger Lake area. Projected Oil Increases Total proven reserves for the U.S. now stand at 31 billion barrels of oil and 215 trillion cubic feet of natural gas. Utah's conventional reserves total one billion barrels. "If you take into consideration hydrocarbons, including oil shale reserves," reser-ves," pointed out Driscoll, "there is an additional 211 billion barrels, 131 billion of which are located in Utah alone." Environmentalists Attack Opposition from environmentalists has been described by Driscoll as "very bad." "It almost makes me want to cry tears," he lamented. "In fact, they adopt a totally closed minded attitude with no Thursday Night ; is: ; LADIES NIGHT At the Prospector's Sirloin Restaurant 12 PRICE ON ANY DINNER for LADIES Beef Lamb Seafood Bonanza Salad Bar All our steaks are USD A Prime top sirloin 6 10:30 p.m. 7 nights Top of Main Street, Park City, Utah in the Alpine Prospector's Lodge Continued From Page 1 room for compromise." According to Driscoll, the environmentalists environmen-talists feel the National. Forests, BLM lands and other public domains should be set aside for the single purpose of recreation. 'This view greatly endangers en-dangers timbering, mining, petroleum and potential oil and oil shale development," he said. "Utah's potential is fantastic if we can get the environmentalists off of their oil shale kick," he added. Driscoll contends that in eastern Utah, air quality standards have been set higher than what is seen in the natural state. "And how can you improve air quality above the natural state?" he questioned. County Reaction "Few people are even aware of what's going on up here," said Brad Simpson in regard to county reaction to oil development. develop-ment. "We're so far up here that few even come to visit. Of course, there's some negative feeling; there always is where new development occurs . " A Coalville store owner reports business was up markedly since the arrival of oil personnel in Coalville in 1975. A cashier commented that although there has been little problem with oil crews from the rigs, the seismographic crews, who were in town only briefly, became quite rowdy at times. A Coalville water trucker said larger oil servicing companies were attempting to put an end to his business. "The rigs are providing jobs," he added, "but locals get only the roustabout positions and are nothing more than common laborers." "All that's happening," lie continued, "is that the big corporations are getting richer." Most of the private land owners, according to the trucker, do not live within the county. Two housewives departing Norge Village laundry, newcomers to the community com-munity wiUf husbands employed at the Pineview field, reported that they had been treated kindly by Coalville residents. residen-ts. The manager of the laundry reported slight business increases. The biggest problem, according to her, was the lack of accommodations most Coalville Motels have been filled for the past year and a half. "The city fathers knew this was coming," she commented, "but did nothing." "In general oil people are good people," she added. Summit County Planner Max Greenhalgh is optimistic about the influx of oil personnel. "We're fortunate in as much as the sociologic Impact is spread over quite an extensive area. More than half of the oil employes do not live in the Coalville area," he said. "Many come from Heber, Salt Lake and Kamas and the impact is spread out producing only minute adverse adver-se effects on the sociological structure, or at least this is my observation." a week 6499975 , - , 1 J LIVE MUSIC 7 Nights a week . Friendly Atmosphere. I3B38S 0(0 13 0) These are the Brokerages qualified to help you in Park City. LARGE THAYNES CANYON II HOME - Need a home of distinction? Want to relax? This is youri-dream house. A 4 bedroom. 4 bath with full size basement. Sewing room with bum m shelves, large kitchen pantry, etched glass cupboards, year-round sun deck, antique European fireplace, four car garage, hot tub with a stream out back door, beautiful moun tain view, along golf course. See by appom tmentonly. 1 Vi LOTS WITH HR 1 ZONING Upper pari of town, great view, secluded location with southern exposure. $11,000. FINE OLD HOME with breathtaking view of Park City Sits on 2 lots with 3 bedrooms, large porch. $47,500. terms. Upper west side Triplex, located on Treasure Mountain in the Park City Historical District. Constructed in 1975. including 5 covered parking spaces, one' master unit and two secondary units. The master unit (1680 sq. ft.): 2 baths, 2 bedrooms, skylights, stained glass. l00 ffi ft ri dumb waiter, 20 ft. view window, AM FM PA system, a west-facing outside deck off the master bedroom and an east-facing deck off the kitchen. The two secondary units each include 500 sq. ft. with a rental income of $35.00 per night, double occupancy. The master unit rental income in-come is $175.00 per night (4 people). Asking price $189,000.00, 25 per cent down payment. Approximate monthly payment: $1,263.00 at 9 V per cent interest, assumable. $100REWARD FOR INFORMATION LEADING TO THE RECOVERY OF A BLACK DEPOSIT BAG belonging to ADOLPH'S Lost in the Payday Drive area Monday January 9th The credit card deposit slips are of no value to anyone except Adolph's Restaurant. The bag may be left at the bank with no questions asked. ARK CDTY Capson Morris McComb CAPSON MORRIS McCOMB 1800 Park Avenue Phone: 649-8601 HOLIDAY RANCH LOTS AND HOMES - zoned for horses, fully improved, all 1 acre and above. TWO THAYNES CANYON LOTS ,ri fully improved, im-proved, ready for building. aw ROOM FOR HORSES -10 acres inSilver Creek. $20,000. 2 BEDROOM HOMESTAKE freshly repainted, furniture included, balcony faces the mountain and afternoon sun. $39,950. Want to be outside of Park City? A two bedroom PARK WEST VILLAGE with a lock-out bedroom. Nice view of Park West. Reasonable terms, $38,500. Ask about the new condos to be built next to 3 Kings Chairlift. GUMP AND AYERS Mt. Air Mall and Park Meadows Phone 649-8550, 649-8370 This Tudor had a poor master bedroom arrangement, so the builder is remodeling. See it and you will recognize a great buy. Fantastic view. Compare it with homes at $120,000-$89,500. $120,000-$89,500. Kay Wade, 649-8374. See this three bedroom ranch style in prestige area of Park Meadows III, Lot 7, $73,550. Ann Clark, 649-8519. Property: 50 ft. X 75 ft. with a current unobstructed unob-structed view of Treasure Mountain and the "Quit'n Time" ski run. 489 Woodside Avenue. A $25,000.00 (value) interior inventory list is available upon application. COLEMAN LAND COMPANY Suite 2009 Mt. Air Mall Telephone: 649-7171 MOUNTAIN REALTY 1030 Park Avenue Phone: 649-9891 No. 90 HOLIDAY RANCHETTES New 4 bdrm, 3Vi baths, 3 fireplaces, open beamed ceiling with complementary stained glass windows. $155,000. SUMMIT PK. LOT Vi acre, beautifully wooded. "HIGHLAND ESTATES good view lot priced for immed. sale COMMERCIAL 1.5 acre parcel, exc. terms avail, will build to suit any size bldg. 3 PROSPECTOR VILLAGE building lots available immediately, lowest price on residential residen-tial lots. SILVERTOWN CONDOS - 2 and 3 bdrm. within walking distance of resort, restaurants and shopping. Priced right. PAYDAY CONDO on 5th fairway of golf course. cour-se. Hardwood floors - one of a kind, many extras. ex-tras. New 4 bedroom, 3 bath home in Park Meadows II on one of the best view lots in Park City, 1800 sq. ft. $75,950. Mike Doilney, 649-8066. Three bedroom Payday Condo remodeled unit, never been rented; view of ponds and golf course. Custom deck, totally furnished. $77,000. Mike Ivers, 649-9279. Park Ave. Condo - 2 bedroom, 2 Vi baths on golf course. Pool, sauna and tennis courts. Priced to sell at $63,950. Patti Wells, 649-8485. Valuable leasehold at resort center suitable for real estate office, fast food operation, gift shop, etc. Long term lease; 450 sq. ft. Silver Mill House, parking lot level next to Guest House. Low monthly payment. Jim Doilney, 649-7244. 3 Treasure Mountain 10 LOT BLDG. SITE Rossie Hill, Best view lots in P.C. 200 BLOCK WOODSIDE duplex lot. terms available. 131 SAMPSON AVE. great view with privacy 2 bdrm, 1 bath on 7Vi lots, 3'i Jots vacant ready for developement. 557 PARK AVE. 3 irfjvPart'ally restored new 250 sq. ft. sundec Excellent terms. 38 & 40 CHAMBERS AVE. Duplex, 2 bd-bath, bd-bath, sauna and utility room per side, wil Vi interest. ' 2 sell HOMESTAKt CONDO immediate occupancy 3 bdrm., 2 t Mt. EAST PARK Vi acre, $6,400. 2 . &is |