OCR Text |
Show The National Enterprise. August 24, 1977 Page twelve Mt. States Resources its reserves testing Mountain States released upon authorization by Chevron, the company said. Chevron USA entered the joint venture agreement with Mountain States Resources in 1974 to explore and develop Re- sources has announced a geothermal test well has been drilled by Chevron USA on acreage jointly owned by the company and Chevron USA Inc. According to Ray H. Albrechtsen, president of Mountain States, the well was drilled to a depth of 1,000 feet, and data concerning the well have not been received or analyzed. Such information concerning the well will be potential of the heated water that lies under energy the property presently controlled by Mountain States and Chevron. Under the terms of the arrangement, each company maintains a 50 percent interest. DISCOVER. . . SPRiflG SCHORR. oneODOUUS 7500 So. 2700 W. two & three bed. brick Ramblers 7445 So. 3700 W. View lots avail. Teakwood EASTfwooD 11200S. 1740E.' Luxury homes, lots, Quality brick const. 9600 S. 2300 E. Oak covered view lots, our plan or yours Dimple Dell Village 10200 S. 2300 E. New bldg, lots choose lot & plan 561-146- PLANS Continued from puge one mud the well needs, can make promise of high profits. The mud they produce is used in the essential difference beoil drilling operations (see tween one company and another. story, page one for an explanation of how its used). We have to concentrate And its not your common on the service we give, Hart garden variety of wet dirt. said, because other firms are Mud, in this case, is any just waiting to take over if one of a large number of chemdoesnt perform. icals or chemical mixtures, and is an integral part of oil Employing about 40 workers in the Intermountain drilling technology. It can be area, Basins revenue for the a high-profbusiness befirst six month of this year cause, as Carroll Hart, presiequaled total revenues last dent of Basin Mud Co., And, he year. Hart said. explains, markups on mud are double again predicted, it will usually as high as 35 percent. half of this the last A good part of that hike, year. however, pays for the professional advice of a mud Competing with majors engineer who ostensibly services customers at no Basin is one of about 40 Because each mud charge. independent mud comcompany has essentially the panies in the region who comsame product to sell, the pete with the four major combusiness is highly competipanies in the field: IMCO, Dresser-Magcobative, and the engineering serMilchem, oil Inc. and Baroid Petroleum vices, monitoring the rig and determining the kind of Services. it r, Utah subsidiaries visited by parent board of The directors of Gulf Resources and Chemical Corp. was expected to visit Salt Lake City this week to survey two Utah subsidiaries, IRECO Chemical and Great Salt Lake Min- 16-mem- DISCOVERY HOMESREALTORS QUALITY CONSTRUCTION Mud DESIGN SERVICE 9 erals and Chemical (GSL) Corp. The visit by the Gulf board marks the groups e first inspection of IRECO facilities since Gulf purchased IRECO in 1975. IRECO, leading manufacturer of slurry blasting agents, has chemical plants in Lehi and West Jordon. Great Salt Lake Minerals is located west of Ogden and produces chemicals utilizing solar energy to extract minerals from the Great Salt Lake. GSL is the largest U.S. producer of sulfate and potash, and locally, the largest extractor and shipper of salt at the lake. on-sit- solar-evaporat- WM $m ed The four are divisions of larger corporations, distinguished, according to Earl Pringer, district manager for IMCO, by having their own research and development departments and by training their own personnel. Pringer estimated IMCOs revenue picked up by about 20 percent this year compared to last year. IMCOs revenue in the Rockies is between $3 and $5 million a year, he said. John Hutcheson, western regional sales manager for Baroid, also reported sales jumps this year, saying the lack of severe weather this year could be partly credited. Until a few years ago, the four majors dominated the work in the mud industry because only deep wells were being drilled, and those re- quired technical expertise from mud engineers, Pringer said. Now, many small, new companies are invading the field to capitalize on the increased drilling activity, he said. He estimated a hundred more rigs are operating this year than last year. The standard operating procedure for an independent is to recruit an engineer trained by a major company, purchase mud supplies from a wholesale chemical company and go to work. Hart, who started Basin himself six years ago, explained practically no investment is necessary if a good engineer can The swing new contracts. wholesalers will put him in business, Hart said. Good mud engineers usually work for a major for between two and five years, then switch to an independent, w ho offers as much as twice the salary plus freedom in the work, Hart said."" He listed the average salary paid Z Instead of holding on to escalating equipment prices and inflexibility switch. To phone equipment from Business Communication Systems, Utahs largest private telephone equipment company. BCS offers equipment flexibility that no one else can duplicate with substantial savings over Bell systems. You get growth, dependability and savings. Join the hundreds of Utah companies, professional firms and institutions that have made the switch to lower cost BCS supplied phone systems. Wed be happy to show you the details. We got tired of being that shop in the avenues so we moved. hard-to-fi- 23rd E. He nd Same high quality, same low prices but now we are easier to find. Take 23rd E. exit off to 33rd.South and there we are! 80 Business Communications Systems 487-474- 1 Utah's largest private telephone equipment company 2343 E. 3300 So. 5 484-210- t 5 |