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Show Oil FJIagazine Rates Basin NaW Area's Hottest Spef By N. G. Morgan Sr. The future of the oil industry in the west is determined large-i large-i ly by the explorations and development de-velopment of major, oil companies compan-ies ... It now is at an all-time all-time high. I A trade magazine rates the Uintah Basin "the hottest spot in the Northwest Region." If actions speak louder than words, then surely the Standard Stand-ard Oil Company of California, one of the largest oil corporations corpora-tions of America, gives absolute abso-lute assurance of its confidence in the oil future of the region. The 250 mile pipe line from Colorado's Rangely field to Salt Lake City; the mammoth refining refin-ing plant it is now building and which is nearing completion in North Salt Lake; the 690 mile pipe line from Salt Lake City to Boise, to Oregon and the entire Northwest! the drilling of the deep Gusher well and its present pres-ent development work on the Red Wash Unit in the South Gusher area, are all evidences of the great faith the Standard Oil Company of California has in the oil future of the Mountain West. The Carter Oil Company is a subsidiary of the Standard Oil Company of New Jersey, said to be the largest oil development develop-ment corporation in the world. To this company must go the credit of making the first large commercial well from the basal sedimentaiies located in the Green River formation of the t Uintah Basin. I i Its first successful well was i i its "Ute Tribal," located about nine miles northeast of Roose-1 velt. For more than a year giant tank trucks have been hauling 500 to 600 barrels daily from 'this well to a refinery at Salt Lake City. Recently an offset j ; to the "Ute Tribal No. 1" was i ! completed with about the same ; results as the initial well. Rate Basin High The confidence of the Carter Oil Company in the future of the oil industry in Utah was expressed ex-pressed in its June issue of the "Link," a monthly magazine published by that company, in . which it states: "Today the Uin- 'tah Basin is the hottest spot in the Northwest Division." Car-! ter has secured by lease, option ' or purchase ovir 1,000.000 acres of land in the Uintah Basin. Once again actions speak louder than words. j For . many months, the General Gen-eral Petroleum Corporation, one of the largest subsidiaries of the great Sacony Vacuum Corporation Corpora-tion of New York, has been ex-i ex-i pending large sums of money in geophysical and geological ' work in the northwest section of the Paradox Basin on the Green River desert, 20 miles south of Green River. Utah. 1 1 Here the General Petroleum J Corporation has acquired large I holdings and now are .iust start- ing an intensive diilling cam-' cam-' paign. Should this company be successful in its activities, it will open up another most interest-ling interest-ling area: the Paradox Basin of Southeastern Utah and Western - Colorado. In a recent address before the Salt Lake Chamber of Commerce, Com-merce, Robert L. Minckler, president pres-ident of the General Petroleum Corporation, said Utah is rapidly rapid-ly becoming one of the important impor-tant oil centers of the country. It is understood that it is the intention of these companies, compan-ies, in 1951, to vigorously test the old sedimentaries of Paleozoic Paleo-zoic Age which are to be found at comparatively shallow depths. |