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Show t : - Ll.tiii.tiiiiilG f i LIBRAK i Srt "Msna'- ' num ZllES Oot ttA ctf $ The Oil and IfliHiHgWwld tHtetStyHitfi -- C Vol. 28; No. 10 Salt Lake riday, May 3, 1957 C Shumway Will Drill U Last Chance Property The Shumway Uranium Min ing Co., will start a drilling program soon on recently-acquireproperty of the South Last Chance block in south Emery d an additional 65,000 acres of po- tential gas land in the area, Mr. Parker said. Mr. Parker said the company entered into a contract with the County. parties concerned in the South Trent J. Parker, president of Last Chance last Jan. 10. This Shumway, said his firm has a agreement provides for the drilldrilling contract with the firm of ing of seven more wells on South Cushman and Pilcher of Rangely, Last Chance to earn a 50 per Colo., to put down a total of 10 qent interest in this block, ingas holes. cluding two shut-i- n wells, and to The property, around 26,000 become operators of this field. acres, was owned by the late Paul Shumway showed a net income B. English who served at onef. before depletion? for the fiscal time as vice president of Three year ending Feb. 28 of $28,224.79 States Natural Gas and others. for its uranium ore from the He was killed in an air crash in mining claims in San Juan Counthe fall of 1054 near Durango, ty. Properties include uranium, Colo. vanadium and thorium claims. In Our prograih calls for the addition to the Payday Mine eventual drilling of 10 gas wells group and Sandy Mine, the comin the south Last Chance anti- pany owns 135 other mining cline, Mr. Parker said. He added claims. that the area Is in one of the better known geologic structures for natural gas. Mr. English, according to Mr. Parker, was developing the area at the time of his death. The anticline is about 70 miles south of Price. There have been W. H. II. Cranmer, president of a total of seven holes drilled to New Park Mining Co., Monthe date on the South and North Last stockholdChance, varying in depth from day announced annual would be firm the of ers meeting 1.000 to 8,500 feet. Six of these on at Las held 17, June Vegas, holes were drilled on the South .. Ncv. j ". Last Chance. Weve held it about everyThe first well on this particular else. We might as well give where anticline was discovered in 1934 stockholders a and flowed at the rate of 21 mil- the to attend, he said, noting lion feet a day. Due to the lack chance of pipeline facilities the well was that Las Vegas was about midway between Los Angeles and plugged and abandoned. According to testimony of some Salt Lake City. In the past, he related, shareof the areas top geologists dur have been held ing hearings on the area at the holders meetings near Midresort Pots state capital several years ago it at the Hot was pointed out that the South way in Summit County, at the Last Chance was a proven area. mine, in a Salt Lake dance hall, And testimony showed that the at company offices here and at UJ3. government declared, it a the Newhouse and Utah hotels. Entertainment, varying with loproven field and withdrew some cation of the meeting, has run all 30.000 acres from entry. Most of those who drilled in the way from string quartets to the area found heavy gas shows potato sack races. Refreshments in the Moenkopi formation, as are always served. New Park is a well as oil shows in the Coconino producer in Utahs Park City dissandstone. Shumway now is dealing for trict. New Park Calls Vegas Meeting out-of-tow- n lead-silver-zi- nc . Busiest Piers li$ The Americas ' ' 5 " , ' X . v , , ?. .nn11 r '4 n r s Uranium Mining Comheld its annual stockholders pany meeting April 12th at the New Souse hotel. A majority of the stock was represented in person and by proxy. President A. R. Morgan welcomed the group and gave a rief report of progress since the last meeting, ffa itemized financial report was given by secre-arE. R. Moody, including a statement that the company was out of debt and eighteen patented copper and iron claims northwest of Milford, Utah, are now paid for. The A. and R. Smelter and Reining Company of Ogden, Utah las erected a $130,000 mill on he Milford property which will U-Be- y in operationMay 1, 1957. Ac- cording to Mr. Stanley Stringhan representative of the refining company, they are now drilling a well for additional water. Mr. Stringham emphasized the great ' potential of this property and stated that there is $3,000,000 worth of ore to be milled. will receive 12 per cent of the gross of all returns on the property. U-Be- va ..Vice .President .Robinson, re ported to the stockholders that large deposits of low grade ore were opened on property north of Beaver, Utah. Mr. Dell ProcessWood of the Noy-Buing and Milling Company stated hat tests his company had made on this ore indicated that it could je concentrated to a yellow cake U308 from 70 percent to 88 percent. Mr. Wood proposed that ils company mine, haul and mill U-Be- m Beaver property on a basis of a split on the net also agreed to profit. supervise the erection and operation of a mill similar to theirs near St. George, Utah, built at a the U-Be- va 50-5- 0 Noy-Bu- ? m cost of $250,000. It was also reported to the stockholders that their company has acquired 14 unpatended claims adjacent to the Four Comers Uranium Companys property south of Greenriver, Utah. CORTEZ. Colo. Carter Oil Co. announced this week that seven more wildcats and a minimum of three pool development wells would be drilled in the Paradox Basin during the next eight months. R. D. Sloan, Denver, division i , r j- . - i'1, y w.' 1 1.. - - ?! S' . '' ' : V - . v ' ,? - (TS These piers of Creole Petroleum Corporation at Amuay in the northwestern part of Venezuela are among the busiest in the world. Here, tankers from many parts of the world loaded more than 180 million barrels of oil last year. The United States has long recognized the value of Venezuelan oil for defense needs and to implement our irreplaceable domestic supplies. Not only is Venezuela a nearby source of supply but she has traditionally been a good ally and customer of the United States during World War II it was Venezuelas oil that helped fuel our Navy. TTT 10 OJt,. J Centi Sundown-Knap- p At Annual Meet )e tof Brings J Gains Important New Gas Well U. Co. Carter Oil To Drill Seven Wildcats In Paradox Basin Area vj. . , ' manager for Barters western operations, told the Cortez Chamber of Commerce there were now 18 pools producing 5,500 barrels daily of oil in the Paradox Basin which he said was the hot test spot in the United States y so far as exploration and oil development are concerned. There are 59 oil wells and 19 gas wells In the Basin, 25 .of the See CARTER, Page 2 . to-de- Petroleum activity in the Grand Junction area was expected to be spurred today as a wildcat well was brought in by Sundown Petroleum and Knapp Uranium & Development Co., both of Salt Lake City. The discovery is located 16 miles northwest of Grand Junction Colorado in a previously unexplored area. A report from Geological Consultants of Grand Junction, in charge of the drilling, state that the well has a natural, absolute open flow of an estimated 8 million cubic feet of gas per day of good quality gas. The well has a shut-i- n pressure of 900 lbs. per sq. in. It has not been necessary to hydrofrac to get this volume. An increase each day has been noted since the well blew in. The location of the well is between two pipelines, approximately 4 miles from Western Slope Gas Co. and 8 miles from Pacific Northwest Pipe Line Co. Oil Experts indicated the gas was of high quality with little or Krey-Schu- h, no moisture, indicating it will burn hot. Sundown and Knapp officials were extremely concerning the well and their future plans, however the firms are expected to start additional wells in the immediate future. The companies are known to hold extensive acreage in this area. close-mouthe- d Company officials of Sundown Petroleum Co. are: Robert Crail, President; Ben B. Crawford, Vice President. Knapp Uranium & Development Co. is headed by Clyde J. Knapp, President; T. C. McAdams, Vice President. The well is located in the SWVii of SW, Section 1, Twsp 2 N., Range 3W of the Ute Meridian. Seven Inch casing was set to 2385 feet. The total depth is 2395 ft. Other oil operators in the area were expected to step up their exploration as a result of the Sundown-Knap- p discovery. Both companies will share equally on the production, in this joint-ventur- e. Sept. Opening Planned for Mexican Hat Uranium Mill Utahs newest uranium mill is many of them Navajo Indians, rapidly taking shape at Mexican will be employed at the plant when it goes on stream this fall. lat, San Juan County. Texas-Zin- c Minerals Corp. (The Mr. Hayes estimates that work Texas Co. and New Jersey Zinc Stearns-Roger- s Co., the prime Co.) will have the solvent extrac-i- o by is 50 percent about contractors, nprocess concentrator, located at time. this at the end of State Highway 95, complete rolling in September, said A. L. This includes erection of 25 Hayes, Grand Junction, Colorado, or 30 homes, some of which are general manager. now being occupied by company The construction site was dic- personnel. Stearns-Roger- s has about 220 tated by its nearness to the ore now persons employed at Mexisupply, availability of water and can Hat on the construction conease of transportation service. All seems to be at a premium tract. when Texas-Zin- c Uniquely enough, Texas-Ztn- c picked the site on the Navajo Reservation near is erecting its own brimstone sulMexican Hat. phuric acid plant. Capable of Utah Power and Light Co., to producing 70 tons daily of sulsupply energy, strung a 69,000 phuric acid for use in the uranium volt transmission line from Bland-in- g extraction process, the plant will Texas-Zin- c consume raw sulphur shipped in to The Hat from the Gulf Coast. construction. paying for the The mining and milling company is now completing a 33 mile road, which takes off east of Utah 95 near the Natural Bridges Monument and swoops up to the plateau overlooking the Goose Necks and other scenery, thence into the White Canyon Mining District. This road is nearing completion The crushing and sampling plant at Mexicon Hat is now operative. When the White Canyon road is finished, the Atomic Energy Commission will close the buying station now licated just below the Happy Jack Mine, which Texas-Zinc purchase last year prelimito establishment of the mill. nary Design figure of the concentrator is 800 tons daily of uranium ore from Monument Valley, Ariz., White and Red Canyon area. The solvent extraction process is believed one of the most economical in treatment of ores of varing grade. . About 110 to 120 persons, For the time propane gases will be principal heating fuels, although there is always the hope that eventually natural gas from wells in the Paradox Basin might be used. K. C. Apland, former New Jer- sey zinc mill superintendent at Austinville, Va., is mill chief at Mexican Hat concentrator.. The crushing department head is Clyde Partin. While the mill goes forward open stripping operations on the Happy Jack are underway. This will greatly cut costs of ore removal. ' R. E. Radebaugh, former Em- pire Zinc employe at Gilmore, Colo., is manager of mines for Texas-Zin- c. The Mexican Hat mill may be on the end of Utah 95 now being paved to its Arizona border length. But the facility is a first in mining development this year in San Juan County. - V |