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Show The National Enterprise, August 24, 1977 by majors as between $1,000 and $1,400 a month, while an independent will pay between $1,500 and $2,400, he said. Larry Tompert, an ac- countant with said his company trains about 600 mud engineers each year, and almost half are hired away by independents. He reported his company is finding ways to stop that raiding, however he would not say what that method may be. Dresser-Mag-coba- r, Dresser-Magcob- ar is up percent in revenue this year during the first six 18.6 Page thirteen months compared to the same period last year, he said. C & M Enterprises in Vernal is one of the small- time operations that started out on a shoestring two and a half years ago, and now is and taking in between-$60,00a $80,000 year. According to Margarett Turner, half of a husband-wif- e team running the company, along with one hired truck driver and a group of high school kids (including the owners children), a third of that gross is profit, and business is up about 55 percent this year over last. 0 Turner, the mother of six children, said although the competition was tremendous "the big guys really make it rough on us there is also a place for cooperation among the companies. The bigger firms need to turn to C&M for help. Turner said, when they need the C&M specialty: hammermill ground sawdust, a low-cotype of mud. Mud wholesalers, who service both independents and major firms, can make it easy for an independent to get started. By offering financial st credit to engineers with a reputation, they supply a major factor necessary for success. Reg Whitson, executive and general manager of Eisenman Chemical Co., a major wholesale mud supplier, said an engineer usually gains expertise about the geology and characteristics of wells in a particular region, and sets up his or her own company after obtaining commitments for work. Independents have been growing very rapidly," he added. Although he wouldn't provide figures, Whitson said revenue for Eisenman is up "substantially this year. vice-preside- nt Trucking and tools In addition to mud pro- duction, other related busi- Aircraft Insurance Specialists Instruction Helicopters Commercial Charter Clubs Balloons Homebuilt Group A & H SprayingDusting FBO lir Insurance 2166 South 900 East, Salt Lake City, Utah 487-881-1 Division of A.T.P. Insurance nesses are profiting from the boom, too. Trucking is a good example. Grant Betts, an independent trucker in Myton, Utah, recently asked the state Public Service Commission for permission to oil-drilli- ng haul mud and disassembled mud houses for an additional half dozen mud companies besides those he already services. (No, disassembled mud houses are not houses made of mud. Theyre wooden houses where mud is stored at oil rig sites.) Betts explained he is a backup carrier who handles jobs the major freight companies can't. Although the mud business has picked up recently, the freight companies havent expanded to meet the need, Betts said. He explained that now, under his present authority from the PSC, Betts is handling two or three loads a week. He could handle a load every day if the additional contracts were approved by the PSC, he said. The owner of two trucks. Betts runs the family business, grossing between $10,000 and $52,000. He added he has spent about $30,000 for trucks. The trucking business is e more profitable than his farip, he skid, adding if firm is successful, he new the 160-acr- will probably turn it over to his six sons. IMCO's Pringer, who supports Betts' application, noted changing conditions at an oil rig necessitate a change in mud type quickly, and delays could cost as much as an hour. $700 Having truckers available at all times can reduce that delay, he said. Pringer complained Utah trucking regulations, calling for PSC approval of all routes, hinder his business. They limit competition, he said, adding in Wyoming almost anyone can easily get statewide authority for hauling. Oil rig tool manufacturers are also reaping profits from the boom. Isaac Ker-ridg- vice president for stockholder relations and economist for Hughes Tool Co., reported the company's oil field tools and equipment revenues moved from $86.4 million in 1972 to $200.9 million in 1976. Although about 15 percent of that reflected the acquisition of a subsidiary, the jump was still remarkable. Kerridge explained during the first seven months of this year 1,931 rigs were operating per week, compared to 1,658 during the year 1976 and 976 in 1971. The 1977 mark is the highest since 1959, he said. Most companies in the industry would show reasonable gains, Kerridge added. (tool-makin- g) Warehouse & Office For Lease sq. ft. one floor warehouse 18 vertical feet of useable space Located on trackage 14,000 square feet of office and display area Fire sprinklers throughout entire building Located in the heart of SLs industrial district 41 ,000 I Oft e, (sHIflML PQJiliF Huish Distributing Company 2525 South West 900 Salt Lake City, Utah |