Show If I T Uta Utah's s Oil il Possibilities IThe The National Copper Banks Bank's trade trader and finance letter fo for March entitled 1 r 1 Oil on Possibilities devotes considerable space to the Uintah ba ba- 4 f sin The letter letter follows y i Rich beyond measure in agricultural agricultural tural metal and coal resources as ast t demonstrated demon by development already alread already al al- al- al read ready accomplished Utah now seeks to prove its right to recognition as r one of the great producers of petro petro- R leum That surface indications were considered favorable for the accumulation accumulation accumulation lation o of oil all I is indicated by the tact I that there was a greater area withdrawn withdrawn withdrawn with with- drawn by bythe the fed federal ral government In Utah as oil all land than in any other state stat In the union The latest report by the government on oil all land withdrawals withdrawals withdrawals with with- showed approximately 2 acres under this classification tion lIon In Utah and in California which ranked second in withdrawn acreage W approximately acres The enactment of the leasing law by congress congress congress con con- gress about a year ago made it possible possible pos pos- sible for corporations and individuals to undertake the development of all oil ell lands in the public domain other than naval oil all reserves and within recent months oil all operators from all I parts of the country have been exceedingly exceedingly ex ex- active in the Utah fields Because the greater portion of I the withdrawn acreage Is within the portion of the southeastern southeast southeast- ern rn section of the state and isolated from transportation there has been r rt some delay on the part of the operators opera opera- t tors In getting under way but their II desire to test out the fields as quickly quick quick- f ly as possible Is reflected in the fact that least seven test wells are being r put ut down all but two of which are areen on en lands leased from tram the federal or state governments The Ohio OH Oil I company is the most active just now of any of the corporations operating I In fn tho the state It Is putting down three test wells wells one one in the Circle Cliffs CUffs field held in Garfield county one ono on the tho structure ture in W oun- oun ty and one about three miles northwest northwest northwest north north- west of Huntington in Emery coun coon ty In each instance the Ohio Is op- op crating a stan standard ard drilling rig capal capa capa- I f I l ble of putting down a hole to the depth of feet or more and the crews are experienced men from other other other oth oth- er fields in which the company Is op op- op- op While data concerning the progress of the wells is meager the Information available indicates that the Circle Cliffs CUffs well probably has attained at attained attained at- at a depth of about 1000 feet the Cainville well about half halt as much and the Huntington well was in only a few da daj ago About a mile north of Moab InGrand in inGrand inGrand Grand county the Big Six Oil on company company com com- pany panr financed by business men of Grand county Is operating a Star rig and the well had reached a depth of feet when operations were suspended pending the receipt of an anoil anoil oil all prospecting permit from the Interior In- In Interior Interior In In- department It is reported that the permit probably will be Issue issued Is Issued Is- Is sue sued within a few days and preparations preparations preparations have been made to resume operations operations operations op op- immediately upon its re re- re At the north end of at the San Rafael Rafael Rafael Ra Ra- fael Swell the Old Emory Emery Oil company company company com com- pany financed by Ogden and Salt Lake business men men mep is preparing to begin drilling operations if they are not already under way The rig I was moved in from California and aud was on t the e ground about two weeks ago Tho The two wells being drilled on privately owned ground are being put down by the tho Uintah Oil on Exploration Exploration ration company near Moffat in Uintah Uintah Uin Uin- tah county and by tho the Utah Central Contral Oil company near Ephraim In Sanpete Sanpete Sanpete San- San pete county The Uintah company Is b backed ked by Denver men and h has S been operating two rigs near Moffat t for more moro than a year The first rIgin rig rigIn rigin In tho the field was a rotary which made alow Blow progress and finally was abandoned abandoned abandoned aban aban- because it was unable to make any headway in the unusually hard formations The standard rig was moved In about a year ear ago and a new hole started but latest reports indicated Indicated Indicated Indi Indi- that the drill had not rea reached reach reach- hed h- h ed the expected oil oU horizon The rhe Utah Central company Is financed principally by Los Angeles capital Continued on Pago Page Three |