OCR Text |
Show Second Group Of Oil-Gas Bids Bring Only $1,760 Four tracts of individually owned Indian land, comprising approximately 527 acres, Friday Fri-day brought aver $1,707 in oil and gas lease bids, according to Forrest R. Stone, superintendent superinten-dent of the Uintah and Ouray agency. Since the owners of all land j tracts offered for bid are deceased, de-ceased, the money will be divided di-vided proportionately among the surviving kin. Roy M. Johnson, of Ardmore, Okla., who leased the land was the only bidder. The total sum bid June 9 on the four tracts of land was only a small fraction of the more than $40,000 bid June 1 on nine land tracts, of 40 acres each. The land up for bids Friday Fri-day is located in Sections 23-24-26-27-32-33-34, T9S, R25E, and in Sec. 5, T10S, R25E, Salt Lake Base and Meridian. The land lies some 40 or 50 miles south and southeast of Vernal, where geophysical work only is being done. June 1 bids were on land tracts located about three miles west of the Gusher well, and three miles south of the Ute Tribal No. 2, in Sees. 1-11-12, T2S, R1E. The fact that these land tracts are much nearer present oil producing areas than the tracts under Friday's bid, probably explains the difference in bid rate. Mr. Johnson Friday bid $5.50 per acre for 41.84 acres of land owned by the descendants of Ignacio Weaver, or a total sum of over $225; $5.50 pe,r acre for 219.85 acres of land owned by heirs of Pantaloon, or a total to-tal of over $1,204; $1.05 per acre for 68.93 acres owned by the heirs of Jim Colorow, or over $71; and $1.05 per acre for 196.19 acres owned by the heirs of Frank Colorow, or over $205. |