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Show Basin Looks To $5,000,000 Outlay By Oil Companies In Development Of Petroleum In Utah During Year 1951 EDITOR'S NOTE: The following fol-lowing article appeared in Sunday's Sun-day's Salt Lake Tribune, and is being reprinted because of the encouraging information about the Basin contained therein. Carter Oil Co. plans to spend from "$5,000,000 to $6,000,000" on search for petroleum in Utah this year, it was announced Sunday. Sun-day. Most of the funds would go into the Uintah Basin. O. C. Schorp, Tulsa, Okla., president of the firm, also said there were "possibilities" that Carter would erect a refinery in Salt Lake City. The firm is "greatly interest- Carter Oil Co., and Standard Stand-ard Oil Co. (N. J.) officials made a flying trip to the Uintah Basin on Monday, where they conducted an aerial aer-ial inspection of the 5.000.000 acre Uintah Basin. The group's plane landed first at Duchesne to allow the visiting officials an opportunity opportun-ity to visit the newest producing produc-ing well ihat "blew-in" July 8. They then went on to Vernal Ver-nal and were transported to the Roosevelt pool sites where two wells are producing and several more are being drilled-They drilled-They later flew over the Red Wash and Rangely fields. ed" as well in marketing in this area, he said. And John R. Suman, vice president and member of the executive committee of the parent par-ent firm Standard Oil Co. of New Jersey said it would be "logical" to refine crude gil frpm Utah's Uintah Basin in Salt LaKe City, then ship products Via pipe line to the west coast. Both these latter projects would depend on "big" discovery of oil in Uintah Basin made up of Uintah and Duchesne counties, coun-ties, parts of Carbon, Wasatch, Utah and Grand counties the executives said. Carter already has participated participat-ed in the discovery of two oil pools in the Basin since 1949. "We are looking for an East Texas," Mr. Schorp said. He added this is why Carter is spending so much money in the area. He said the firm was interested interest-ed in other parts of Utah (particularly (par-ticularly the southern tier of counties) but that the basin re- ' mained its principal objective. By far the greater portion of the firm's exploration budget tor the Rocky Mountain area will go into this area, he aided. Mr. Schorp said his firm "welcomed competition" in exploring ex-ploring the great basin, noting that it covered some . 5,000,000 acres. He said Carter has been greatly great-ly encouraged by discoveries to date, but that much more oil would have to be found before any definite plans for pipe lines and refineries could materialize. material-ize. The $5,000,000 to $6,000,000 figure does not include a $3,600,-000 $3,600,-000 field development program Carter shares with Stanolind Oil and Gas Co., Phillips Petroleum Co. and Utah Oil Refining Co. at Roosevelt Pool. Nor would it include field developments de-velopments at the Carter-Continental Oil Co. discovery at Duchesne made last week end. As an indication of the cost of drilling wildcat oil wells in the basin,-Mr. Schorp pointed out the firm already had expended expend-ed some $500,000 on the Jack A. Burnett No. 1 wildcat near Strawberry Reservoir, Wasatch county. The multi-million dollar program pro-gram represents a 25 hike in activity in the Uintah Basin this year, as compared - with 1950, he added. Carter has been hunting for oil in Among those in the nan- 1 addition to Mr. Schon.y ' marketing districts V ! mond D. Sloan, maMEer 0! 1 I west exploration division, ' of Denver anrt with Carter C 1 |