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<br /> <br />. <br /> <br />. <br /> <br />An important discovery of oil in rocks of Mississippian age was <br />made in northeastern Arizona during the report period. <br /> <br />In the past six months" 21 discoveryw ells have been drilled in the <br />Dakota formation of northwest New Mexico contributing substantial <br />reserves of oil" gas, and distillate proqucts. <br /> <br />The Southern Union Gas "Company is completing a larger gasoline <br />extraction plant at Lybrook" New Mexico,' about bO miles from Farmington. <br /> <br />The Pure Oil Company is testing and completing two important wells <br />in the Paradox Basin. Well No. 1 "Southeast Lisbon" is located in Western <br />San Miguel County, Colorado. This is the first discovery of gas in <br />rocks of Mississippian age in this area. Well No. 2 "Northwest Lisbon", <br />northern San Juan C01mty" Utah" not only encountered substantial shows <br />of gas in the Mississippian rocks but a thick ssctionof oil saturation <br />in the underlying Devonian and Cambrian rocks. The nearest Devonian <br />production is over 400 miles to the southeast in Chaves County, New <br />Mexicor These discoveries should cause a considerable increase in <br />exploration effort in the Paradox Basin. <br /> <br />Mineral Leasin~. - U. S. Steel Corporation, prospected for coal in <br />an area about 7 miles west ot Redstone, pitkin County, Colorado. The <br />steel company is primarily interested in coal containing coking qualities <br />that. canbe used in the production of steel. <br /> <br />A new electrical power source, Rural Electric Power Corporation, <br />located near Nucla" Montrose County, Colorado, produces 37,500 KW. This <br />new steam electric unit will utilize the coal produced from a blockedout <br />reserve of strip coal located on both fee and Government-owned land north <br />of Nucla, Colorado. <br /> <br />Edna Coal Company PrQspected for strip coal by drill hole methods <br />in an area near Rangely, Rio Blanco County, Colorado. The Moon Lake <br />Electric Corporation is interested in constructing as.team-electric <br />power Plant in this area if the coal reserves are available. <br /> <br />Pittsburg and Midway Coal Company, a stripping operator near Milner, <br />Routt County, Colorado, drilled several prospect holes south of Milner <br />with the hope of finding sufficient reserves to warrant the construction <br />of anew power plant or an addition to the present plant at Milner. <br /> <br />In Utah, due to relatively warm fall weather, the continued inroads <br />.of both gas and oil, and last, but not least, the long steel strike, <br />coal production for the last half of 1959 has dropped off mout 20-22 <br />percent, based upon a like period in 195$. <br /> <br />-10- <br />