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Show June 16, 1969 OIL & MINING JOURNAL Page 4 Cascade to participate in oil programs The directors of Cascade Energy and Metals Corp. have announced to shareholders participation In two oil programs In four Western states. The programs are the Devils Lake Prospect, located in the eastern counties of North Da- kota, and the Saxon Exploration Program which will Involve nine prospects in the states of Wyoming, Colorado, North Dakota, and Montana. In the Devils Lake Prospect, Cascade has acquired a one interest in a lease block some of 630,000 acres in ten No. Dakota counties Towner, Cava-s- ixteenth lier, Ramsey, Eddy, Benson, Nelson, Griggs, Foster, Stutsman and Barnes. IThe block is part of a spread of about 830,000 acres assembled by William O. Calloway, the president of Texana Oil. Pan American Petroleum obtained 200,000 acres. Jack M. Johnston Drilling Corp. of Denver owns a 516th Interest in the block and will operate the test wells. Forest Oil Corp. of Midland, Texas, owns a 14 interest for which it paid $440,000 in cash. Globe Minerals, Inc., of Salt Lake City owns a 18 interest for which it paid $220,000 in Globe Minerals common stock. Texana Oil Company of Denver owns the remaining 14 interest. Cascade, for its 116 inteerest, has agreed to pay Jack M. Johnston Drilling Corp. $110,000 In the form of 46,316 shares of its investment stock. Drilling has commenced on a program. The series is to include four tests to the granite formation and 16 wells to the Red River formation. The holes will range in depth from 1,800 to 3,500 feet. Other oil companies participating in programs in the area are Pan American, Champlin Petroleum, Bond Petroleum, Colorado Oil, Rock Island Oil & Refining, Montana Power, Union Texas Petroleum, Hurley Oil, and Northern Resources. 20-w- ell Cascade purchased acreage in May from the Saxon Exploration Co. with 18,000 shares of its investment stock, and paid $10,000 to Jack Grimm, and independent oil geologist and producer from Abilene, Texas as a management fee. The acreage includes: 6,064 acres in Laramie County, Wyo. in which Cascade holds a l8th interest and 7,000 acres in southern Laramie County in which Cascade holds a 1.25 overlde. MAP INDEX Also in the program are 14,984 acres in Huerfano County, Colo, on which Cascade holds an 87.5 lease; 4,300 acres in Oliver County, North Dakota, and 640 acres in Custer County, Montana - and 314 acrss in Powder River County, Mont., all of which carry 87.5 leases. In addition, the company has a 50 working interest in 614 acres in CusterCo-unt- y, Mont., and a 25 working interest in 1,920 acres in Montanas Big Horn County. Cascade will participate with various drilling and oil compa nyies in the nine programs. The Saxon Exploration Project involves 37,116 acres including five prospects which could be drilled this year. Most of the properties were acquired based on unofficial reports of oil shows in at least one of Northen Resources current stratigraphic series in the Muddy sand in eastern North Dakota. The report was noted in an October issue of Petroleum A t r- . ' ' h ; if r 4 ' V'1 i ; ' Wyo. Hollis M. Dole, Assistant Secretary of the Interior for Mineral Resources, will be the lead-of- f speaker for the annual convention of the Wyoming Mining Association next weekend. Several hundred members and friends of the association are to attend the expected June at the convention 19-2- 1 Ramada Inn, according to Russell beamer, secretary. DOLE IS scheduled to speak on Friday afternoon. Next speaker will be Charles S. Burns of the American Mining Congress, bringing a report from Washington. Third speaker will be John T. Sherman, Atomic Industrial Forum, speaking on "Nuclear Economics, Competition with Conventional Energy Sources." The session concludes with a panel discussion on the State of the Industry. Participating will be Harold G. Hedgpeth, Stauffer Chemical Co. of Wyoming; Harry T. Thorson, Black Hills Bentonite Co.; Roy Coulson, Kemmerer Coal Co.; R.W. MacCannon, CF&I Steel Corp.; George R. Bowland, Stauffer Chemical Co. of Wyoming; and John S. Anderson, Utah ir 500 .r DAKOTA v 3 or a NEBRASKA ' : ; t 4 . - . c i j '! i .KANSAS , .V;' : Vi S i V Information. .OKI A. Cascade directors told shareholders the companys participation in the oil programs is designed to broaden its base in the energies field. : T . Virft w t Construction and Mining Co. SATURDAY mornings program includes a presentation on Wyoming Taxation by John O. Allen, executive director of Wyoming Taxpayers Assn.; 1969 State Legislation by Edgar J. Herschler, attorney and state legislator; Coal in the Age of Energy, presented by SJ. Jewell, Peabody Coal Co.; and Health Standards in the Mining Industry, given by Henry N. Doyle, assistant to the director, U.S. Bureau of Mines. On Saturday afternoon, miners will be told How the Public Views the Mining Industry," by Jack Rosenthal, followed manager of KTWO-TV- ; I ;; MacDonald, T.M. by a discussion on the Federal Metallic and Health and Safety Act, given by A.Z. Dimitroff, Health and Safety Activity, U.S. Bureau of Mines in Denver; and Control of Particulates in Stack Gases, by Dr Thomas D. Nevens, Denver Research Institute. THE PROGRAM closes with a panel discussion on Surface Land Reclamation, presented by John Atkins, Utah Construction and Mining Co.; Claud Acord, American Colloid Co.; George Nugent, Big Horn Coal Co.; G.D. Non-Metall- ic f 3 VJ- Dole named Wyoming Mining speaker CASPER, CJ-.-i'- y a - I T N.-"-- I ; '- , DAKOTA O' , N- y 'Vi? 'nd 4 - "$' iHYV'Vi - - H V n : J CL NORTH Hill, U.S. , , Steel Corp., Federal-America- n Partners; A.E. King, State Land Commissioner; and Ed Pierson, State Director, BLM. Activities also include a mens golf tournament beginning at 1:30 p.m. Thursday, a social hour from 6 to 7 p.m. on Friday evening, and the annual dinner and dance on Saturday evening. Golf, bridge and tours are included in the program for the women the attending a buffet luncheon and entertainment convention, with scheduled on afternoon. Saturday AEC publishes guide to literature on nuclear energy Three publications which provide information about the nuclear energy literature available to the general public and to scientists and engineers on a world-wid- e basis have recently been published by' the Atomic Energy Commission. The booklets are Science Information Available from the Atomic Energy Commission (12th Revision) April 1969; Subject Scope of Nuclear TID-45Science Abstracts, (6th Revision) January 1969; An ContriAnalysis of World-Wibutions to Nuclear Science Ab52 de stracts, Vol. 22 (1968) TID 25004. Science Information Available from the Atomic Energy Commission explains how to obtain AEC reports, research summaries, educational materials, and publications and services such as Understanding the At om booklets and AEC films. A list of AEC depository libraries in the United States and other countries is included. This booklet replaces an earlier publicaWhats Available in the tion, Atomic Energy Literature. Subject Scope of Nuclear Science Abstracts identifies the 10 major fields of nuclear science and technology and describes the subdivisions in each field as ly used In AECs ab semi-month- stract service. The extent of interest in the chemical elements also is identified. An Analysis of World-WiContributions to Nuclear Science de Abstracts, Vol. 22 (1968) an- alyzes the 53,457 abstracted items from 73 countries which appeared in the 1968 issues of nuclear Science Abstracts. After the United States, which supplied about half of the items, the largest numbers were con Company. Mr. Bowman said that after amortization, and before taxes, Banners share of income from Twin Buttes could amount to a dollar a ton of ore produced. This depends upon grade of ore mined, metals recovery and the cost at the time of mining. The tonnage could range from 3o,000 to 40,000 tons dally in 1970. He said that Anaconda expects to have one of its mill grinding units in operation this year. All three units will be operative in 1970. Banner's Palo Verde Mine in the same district is also under lease to Anaconda but is a smaller deposit. It could be mined by open-p- it methods. He noted that Banner drilling on its holdings adjacent to the newly announced Phelps Dodge Corp. Metcalf Mine has disclosed mineralization. Phelps Dodge will spend $100 million at Metcalf to replace dwindling copper production from its other mines at Bisbee, Ariz. Tintic president H. E. Raddatz and other officers reported that rehabilitation of the East Tintic m Helvetia 2 deposits miles east though deeper and of lower grade than Twin Butes appears to be quite extensive and amen-iab- le to open-p- it mining. T he (Utah County) copper-molybenu- lead-zinc-sil- ver unit will be completed this year. Kennecott is operator of the unitized porperties. Operations were shut down during the nationwide copper strike from mid-19- 67 to spring of 1968. Kennecott was plagued by water, caving and other operational problems following start-u- p of oper- ations. (Tintic earlier this year reported a loss of $19,836 in 1968, compared to a $52,501 profit the year before, noting It had no income during the KCC shutdown.) All directors and officers were re-elect- ed. 50 TID-455- TID-250- 04 BLM opens oil, gas Tintic Standard confident Tintic Standard Mining Co. stockholders were briefed on prospects for developing properties in which the firm has substantial interests. Allan Bowman, general manager of Banner Mining Co., in which Tintic holds an 11.36 percent interest, told the annual Tintic meeting at Hotel Utah maTuesday that earth-movin- g chinery at giant Twin Buttes mine now has (Ariz.) open-p- it reached the oxidized ore zones. The mamoth stripping operation is being done by Anaconda tributed by the USSR, the United Kingdom and West Germany. The first two booklets, TID-452, and may be obtained without charge from the U. S. Atomic Energy Commission, Division of Technical Information P.O. Box 62, Oak Ridge, Tennessee 37830. is available for $3.00 from the Clearinghouse for Federal Scientific and Technical Information, Springfield, Virginia 22151. lease bids The U.S. Bureau of Land Management (BLM) received bids Monday to determine the issuance of oil and gas leases on nine parcels of land in San Juan and Grand counties. The BLM had offered 12 parcels for bid, but three were not bid on. The nine parcels contain 2,440 acres. The total bonus bid on the nine was $11,005.20. Lessees will pay the usual rent and royalties from any gas and oil extracted, in addition to the amount of the bids, stated Robert D. Nielson, BLM state director. |