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BUFJ::AU OF EIm;;S Coal The Dwcota formation exposea, at the surface may contain subbituminous coals in the reservoir site, althouc:h none was observed. "'here outcrops were seen elsewhere,the coals are too thin and too local to be mined. Oil and Gas Three wells have been drilled in the vicinity of this reservoir site, and one well--the Do. 1 Hedley Scott--is virtually adjacent to it (fig. 5). The Petroleum Information well cards on this test do not record an:\' gas or oil shows; the ;rell is considered "dr:r and abandoned." The area currently is under lease to Continental Oil Co. One lease, ;rhich expires in 1963, requires $1.00 per acre per year rentals. Current requirements for new leases are $5.00 benus per acre and $1.00 per acre per year rental. A tabulation fol1mrs of wells in the vicinity of the !-1onument Creek Reservoir site: Location !~I SW DE sec. 14, T. 39 rl., R.19 ,I. Hell No.1 Spargo Unit Gov't. No.1 \1ebb TD.ft. 6,243 CeJ:1ll1ents Dry and abandoned, Operator Carter Oil Co. 6,262 C SH SW sec. 29, T.40 N., R. 19 w. Dry end abandoned. Paradox salt at 6,247 ft. Dry and abandoned. Paradox salt at 6,090 ft. Continental Oil Co. C SE SE sec. 34, T. 41 N., R.19 ~{. Continental Oil Co. 6,1l9 no. 1 Medley Scott Although the lredley Scott No. 1 dry hole does not entirely disprove the oil or gas potential under the reservoir site, the presence of a dry hole this close should haye bearing in arriving at a valuation for this potential. CONCLUSIONS The sodium chloride, uranium, and subbituminous coal potential of this area is so poor that no value should be attached to it in arriving at an acquisition price for these lands. The possibility of finding uranium ore in the Shinarump, Chinle, or Harrison formations is remote, but should not be >rritten off entirely. The presence of a reservoir probably would not prevent extracting ore 114 ,I !