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Show VoL 1 No. 31 September 29, 1969 25c per copy Comanche Oil & Gas aquires Ibex Corp. Comanche Oil and Gas Corporation, a Utah company, has completed arrangements to purchase the assets of Ibex Motor Truck Corp., a Utah corporation, Gerald B. (Jerry) to according closely-hel- d patents, buildings, orders, jigs, manufacturing molds, fixtures, tools and other machinery and all parts and supply inventories owned by Ibex. Ibex has been the manufacturer Higgs, Comanche president. Mr. Higgs said the purchase involved the transfer of an of heavy-dut- y trucks, and lias recently moved to adapt one of undisclosed amount of its huge, . Comanche stock for the land, a four-wheel-dri- off-highwa- tugs as ve salt harvesting machine. Preliminary tests of the salt harvester indicate it may solve problems involved in the mining of salt from Great Salt Lake salt beds. A large manufacturing plant located at 847 W. 17th South in Salt Lake City houses the manufacturing facilities of Ibex. Comanche will take over a $500,000 contract with Bruce (Continued on Page 8) Flying Diamond notes significant oil find Utah-- A oil discovery in the DUCHESNE, significant Bluebell Field has been announced by Flying Diamond Land & Mineral Corp., Vernal. This is a significant development in the field, said Howard Ritzma, petroleum geologist with the Utah Geological and Mineralogical Survey. I expect it will set off additional drilling in the southeast corner of the field, he added. Unexpectedly high recoveries were recorded during drill stem tests on Flying Diamond-Ut- e Tribal No. 2, said Gary F. Sprouse, company vice president. Testing intervals from 10,331 feet to 10,489 feet, geologists noted initial flow pressure was 1,253 pounds per square inch; final shut-i- n pressure, 4,465 psi. The water cushion came to the surface in 39 minutes and oil flowed in 47 minutes, Mr. Sprouse stated. The test recovered 154 barrels of oil through a three-quartr flow inch choke in a er one-hou- test. In a drill stem test the bit used for drilling is removed from the pipe and a testing tool is put on instead. A valve device opens and allows what is underground to flow to the surface. You may get mud or you may get flowing oil. And flowing oil at the surface is significant-especial- ly, as in the Flying Diamond well, from a 10,000-fo- ot depth. Mr. Ritzma added that so far there are no defined limits to the Bluebell field, which is about 20 miles northeast of Duchesne. The field has produced more than 1.1 million barrels of oil through June, according to the (Continued on Page 2) Hiko Bell, West. Fidelity to merge Stockholders A merger of Hiko Bell Mining and Oil Co., Vernal, Utah, into BEGINNINGS OF SMOKE STACK for $200 million coal-fire- d steam generating plant near Centralia, Wash, take form. Coal for plant will come from strip mines in nearby hQls. One generator of plant will begin operating in Sept. 1971; the second in 1972. Steam plant marks beginning in the Pacific Northwest of the change from hydro to thermal generating plants. First Western Fidelity of Salt Lake City through a stock exchange has been agreed upon by officers of the two firms. An exchange ratio of 3 Wl shares of Hiko Bell stock for each share of First Western Fidelity has been established. Hiko Bell stock has a par value of one cent a share. First Western Fidelity will be the surviving corporation, if the merger is approved, but the Hiko Bell name will be retained. nterior Dept, to study Utah oil shale plan WASHINGTON-Interi- or Department aides say they will consider carefully proposals by Utah to consolidate leasing of oil shale lands in the state. Utahs Gov. Calvin L. Rampton met with the Bureau of Land Management officials last week to discuss means of developing the potentially valuable deposits of the rock. More than 50,000 acres of intermingled oil-beari- ng state and federal lands in Utah are considered high in oil shale. , Rampton pointed out to Interior aides that the land would be difficult to develop economically if the different parcels could not be handled as a unified tract. Sources at the Interior Dept, said, however, that there seemed to be no quick solution to the leasing problem. Rampton told BLM technicians that the state would present detailed written proposals later this year, but no find decisions are thought likely before the first of next year. authorized in lieu under selection legislation. Interior Such trades so-call- are ed officials Interior possible solutions-t- he Department could offer its land for lease on terms comparable to state lease terms, or the UJS. could swap shale lands for state said, however, that determining the value of the lands to be swapped might prove difficult, since no yardstick has been developed for appraising shale deposits. Federal leasing of Utah lands withdrawals for parks, reservoirs, and other purposes. administration reaches a policy decision on over all shale leasing Rampton suggested two lands lost because of is unlikely until the of the two must approve the companies merger. The agreement in principle to merge lists the directors of the surviving corporation as Craig Caldwell, Robert Covington and G. Ben Beal. deposits as well. A BLM spokesman said the department has not come to grips with that controversial problem and was not likely to make a decision soon. Sen. Wallace F. Bennett, has also been pressing for federal action on shale lands in communications with the Interior Dept. He said he has no idea when the administration might move on the problem. R-Ut- ali, |