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Show To Spend 14 Million ..... Carter To Drill 40 Wells Near Roosevelt O. C. Schorp, president of the. Carter Oil Co., yesterday an-' nounced in Salt Lake City, that his firm would spend approxi-l mately $19,000,000 in search for oil in Utah in the next two years, with $14,000,000 of that to be spent in the vicinity of the Roosevelt pool where 40 new wells are being planned. Mr. Schorp and other oil officials of-ficials were in Salt Lake to join in the 50th anniversary of the Salt Lake Chamber of Commerce. Com-merce. Carter's expenditures, he reported, re-ported, were only about one-half one-half what other oil firms would spend on oil exploration and development de-velopment in partnership with the Standard of New Jersey subsidiary. sub-sidiary. Total expenditures by Carter and associates in joint exploration explora-tion will come to an estimated $27,000,000, Mr. Schorp added. In all, the program envisages drilling of some 60 wells, Mr. Schorp reported. He said he still was sticking to his prediction made last year that within five years, new crude oil transmission lines would emanate for Utah's Uintah Uin-tah Basin to the Salt Lake refining re-fining center. Such a line would also call for additional refinery capacity in Salt Lake City. "We have problems of production, pro-duction, discovery and trans portation. But I am certain that if sufficient reserves are developed de-veloped and we feel confident they will be means will be found to get the production to market," Mr. Schorp said. The firm probably will drill up to 40 wells at Roosevelt Pool at a cost of $14,000,000, he said. Part of this cost will be borne by other .oil companies with interests in the 14,000 acre pool, he added. "All major firms with production produc-tion in the Uintah Basin are cooperating in research on solution solu-tion of production and transmission trans-mission problems caused by the heavy wax contest of oils found in Tertiary formations," Mr. Schorp reported. He noted that production of I oil in the Uintah Basin followed ! certain unconventional patterns. I "We are dealing with a type of reservoir with which we have had no experience before. Such experience can be gained only from production," he said. Rate of possible production would be governed by reserves, which in turn would or would , not make pipe line construction j to Salt Lake City feasible, he said. Any line probably would have to be equipped with "heaters'" in view of fact that oil produced at Roosevelt Pool, Red Wash i Field and Duchesne pours only at temperatures from 85-95 de- 1 grees Fahrenheit. |