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Show 4 f r face 18 - UINTAH BASIN STANDARD. March 24. 1998 425 Wells In Ouray Field UBTA Membership meeting moved back a month Petroglyph & Sego join in gas &. oil development project Petroglyph Operating Company and Sego Resources have joined as partners for the purpose of developing oil and gas resources in the Ouray Field on the Ute Indian Reservation. The companies plan to drill and extract oil and natural gas from about 425 locations in the Ouray Field in western Uintah County. According to a scoping notice, the wells would be drilled at an approximate rate of 25 to 150 wells per year over the next five years. The wells would generally be spaced at one well location per 40 acres to produce oil from the Green River Formation (5,000 - 7,000 feet deep) and one well location per 80 acres to produce gas from the WasatchMcsaverde Formation (6,000 to 10,000 feet deep) Where feasible the two wells (oil and gas) would be drilled at one location. Approximately 150 proposed wells would be used for waterflood projects to enhance oil recovery. The project encompasses about 23,000 acres of private and Ute Tribe lands on the reservation. Petroglyph and Sego entered into a 1982 Indian Minerals Development Act Agreement with the Ute Tribe and Ute Distribution Corporation. In compliance with the National Environmental Policy Act and Council on Environment Quality regulations, the BIA has determined that an Environmental Assessment must be completed in order to make an informed decision on the proposed project. The public is encouraged to participate throughouttheenvironmen-ta- l analysis process scheduled to conclude June 1. Public comments on the scoping notice are being accepted through April 16. Comments can be sent to Charlie Cameron, US BIA, Uintah and Ouray Office of Minerals and Mining, Fort Duchesne, UT. 84026. How Low Can They Go? Lowest gasoline prices ever may drop even more Associated Press Americans are paying less than ever for gasoline thanks to plunging crude oil prices, and analysts believe the good news may continue for some time. The average price of gas across the country has tumbled an amazing 23 cents per gallon since September, and further declines in crude-o- il prices in the past week have extended the drop. While some Midwestern cities have seen price increases, gas n prices have remained flat in a cities in other parts of the nation . The doubts about whether countries can keep a lid on output makes Los Angeles-base- d energy researcher Trilby Lundberg think gasoline prices have farther to fall. It still sounds like shades of 1986 to me," when crude prices crashed spectacularly, Lundberg said this week. "We are going to be : very careful before we say it's over. Lundberg, publisher of the Lundberg Survey, which checks prices at 10,000 gasoline stations p nationwide, saw prices rising over the past several weeks half-doze- gas-pum- and wholesale prices rising in the past several days. On Sunday, Lundberg reported that the average pump price was down 3 cents since Feb. 20, making that the lowest price ever once adjusted for inflation. By today's standards, gasoline pumped in the 1920s cost $2.50 a gallon, Lundberg said. Regular gasoline, as of March 6, 1998, was selling at less than $1 at nearly half the nations stations, while self-ancombined prices were $1.0924. At the same time pump prices have fallen dramatically since September, crude-oi- l futures prices also have fallen. For gasoline prices to fall at approximately the pace of crude oil is extraordinary, because taxes don't fall because crude oil does, Lundberg said. How does the price of crude oil traded at the New York Mercantile Exchange translate to what drivers pay at the pump? Lundberg said that communications and other factors are causing a more direct link between the change in crude prices and pump prices that are layered by refiners, wholesalers, self-servi- d minute-by-minu- te full-servi- j ' ' f ? ' u s s ' 4. ... PRACTICE WORK-Sorodeo competition. . mc ' JVi m' . v . t ropers do roping work on a fake animal that retailers and competition. But retailers say the process is slower. Tom Osborne, a spokesman for the Virginia-base- d Society of Independent Gasoline Marketers of America, which represents 30,000 independent retailers nationally, said "the cost of crude oil is a small part of the total cost of gasoline. It cannot track crude prices exactly." wont get up and run away during recent "Certainly there are fluctuations, but prices dont go up or down in a steady line, said Osborne. Thats affected more by local competition than by anything else. Shop the The annual Uintah Basin Telecommunications Association Membership meeting, which has traditionally been held the third Thursday in March, has been moved back one month. According to UBTA spokesperson, Glenda Stewart, this year the annual meeting is slated for Thursday, April 23. The event will be held at Union High school. Registration and the disbursement of patronage refunds will begin at 6:30 p.m. The business session will begin at 7:30. Due to a change in the Cooperatives bylaws last year there were no director nomination meetings held this year. A revision in the bylaw now allows candidates for the board of directors to register at the UBTA office. Incumbent board members Jo Ann Winn, representing the Randlett exchange, and Max Fabrixio, representing the Tabiona exchange, were the only two candidates to meet the filing deadline. This year there will be $500,000 in patronage checks that will be returned to UBTA customers, said Stewart. UBTA is the parent company of subsidiaries UBTA Net, UBET Wireless, UBTV, and the newest spinoff, UBLD - a long distance Classifieds Antlerless big game hunting An opportunity to share thoughts and ideas about antlerless deer, elk, moose and doe pronghorn hunting in Utah also will be available. Welch said a desire from archers to obtain a second elk permit before the Sept 10 date set by the Utah Wildlife Board last year, and concerns about opening some of the antlerless elk hunts the same day the general bull elk season begins, would be specifically addressed by the Division. The remainder of the meeting will be an open forum, where those in attendance may share with Division staff and others, their ideas about antlerless big game hunting in Utah. Meeting date and time is as follows: Northeastern Region, March 30, 7 p.m., Vernal City Offices, 447 E. Main St Vernal. TROOPER AWARDS-Ut- ah Highway Patrol Troopers honored for their service during their annual awards luncheon last week. Awards were given to, 1 tor Jack Peterson - Service forUB Safe Fair, Don Haslem Occupant Restraint Enforcement Award; Annette Hatch - Lieutenant's Choice Award; Brian Blevins - Stolen Vehicle Award; Troy Marx - DUI Enforcement Award; Jeff Chugg - Interdiction Award. POOR |