Nevada State Journal from Reno, Nevada (2024)

December 6, 1973

Publication:

Nevada State Journali

Location:

Reno, Nevada

Issue Date:

Thursday, December 6, 1973

Page:

15

Extracted Article Text (OCR)

Nevada Energy Report Nevada State Journal Thursday December 6 Oilman Urges More Exploration for Great Basin i'' Pump son Wil se company's coining Thank goodness for Best oods aS ii 9f! I A on the findings of oil in iimc stones and volcanic reservoirs of relatively recent age Oil normally occurs in sedimentary i formations such as limestone i The article also mentions the Carson Desert Basin in western Nevada as another area of oil interest He is encouraged however by a new burst of activity at Nevada oil sites the past months big blocks of federal oil and gas leases have been filed in the Great Basin by such com panies as Standard of Califor nia Amoco Texaco Sun Arco and many large inde pendents Though these are in choice areas smaller operators are protected by a federal restric tion of 246080 acres per com pany in a single state Oil and gas exploration means tax benefits too Pennington says known scientific in the 1 Great Basin he says i Great sums have been spent i on shallow wells or test holes bringing out one new barrel of in the last I 25 years aside from the Eagle i Springs field he added I The Eagle Springs experience began when 1 they took over leases dropped by Shell Oil Co which had dis 1 covered the field 20 years ago Despite Shell warn i ings that the area was undrill able to any depth because of i a granite formation 1500 feet below the Penningtons went ahead and drilled al the base of the Grant Range predicted granite block was mysteriously missing and we struck the best producers in the field To date the Eagle Springs field has accounted for almost 2 million barrels of gaso line loaded he says But the deep drilling they want is expensive and no ma jors have offered drill to embarking on a deep drilling petroleum venture must have readily available from a million dollars Pen nington advsies adding that a 16000 foot well would cost up to $750000 The Penningtons normally By DAVID MOORE Nevada has enormous poten tial supplies of oil in the midst of the energy shortage but been denied her birthright in a new a veteran Nevada oil man says William Pennington of Reno in a report prepared for the Reno district office of the US Department of Commerce repeats his belief that plenty of oil ready for invest ment in the Silver State He adds that the current energy problem is a stein's largely creat ed by the reluctance of major oil companies to explore such potential fact well known in national petroleum he says that the state of Nevada has within her boundaries the larg est marine sedimentary basin in the entire United States the Great But he says oil companies have never made a to drill in the Great Basin which reaches into Ore gon California and Utah and that whatever drilling takes place reach the 14000 foot level the experts claim is the place to start looKing Pennington and his liam Pennington operate Pennington Oil Producers and have four productive wells in the Eagle Springs area 70 miles southwest of Ely The Eagle Springs oil field is dotted also by workings of major oil firms that he claims have made only half efforts to follow seepage to lower depths Pennington points to public that the major com panies have neglected Nevada oil reserves for their own long range benefits The oil shortage has forced Congress to grant right of way for the Alaskan pipeline re deeming huge company invest ments he says In addition he speculates that the current scare of extra gas taxes will prepare the public to accept higher prices due to the expensive of bring ing oil from the Arctic He also notes that gas short ages have run many indepen dent dealers out of business which he says will allow oil firms to sell petroleum products soley through major oil is beyond belief that bril liant executives woke up with a start one morning checked their tank gauges and an nounced their petroleum sup plies were dangerously he declares As Pennington sees it domes tic production and demands have been steady and actually boosted by discov in Utah and new wells TOPSOIL Sage Brush Sandy Loam Grading Excavations Equipment Renta! penny spent in wildcat or offset drilling is deductible on the income tax returns regardless of a hit or miss the driller makes a strike he may also write off the costs of casting the well and putting production on the he points out Pennington thinks the tax ad vantages of oil drilling would be attractive to foreign inves tors such as the Japanese who rely heavily on oil from the Middle East and American auto manufacturers since their live lihood depends on gas supply Pennington supports the no tion that best place to prospect for oil is near an oil is obvious the majors must believe in the possible oil productivity of this area to have spent untold millions of dollars in government oil and gas ren tals seismic surveys and every ill Dirt Decomposed Granite Landscaping Seaberry Depaoli Landscaping 358 6154 have their oil trucked to a UtaH! refinery In one instance thtf refinery refused to process their? shipment he says but finally accepted it after calls to thfij Dept of Interior from Congressional delegation and Senators Adlai Stevenson andj Henry Jackson at request 'j He hopes however that that Congress and Administration never cut the present 2214 per? cent oil depletion allowance oT" the relief from the drilling and equipment costs that he sees as essential to encourage oil exploration such measures are ever adopted there will be a real oil he fears will be the time to lubricate your Schwinns and start pedal family priced iriaiii dishes that taste A This mammoth oil pump is one of those used by tlie Penningtons at their Eagle Springs oil Held source of Nevada crude oil that is trucked to Utah for refining Great amounts of oil mav lie in the relatively unexplored Great Basin William Pen nington believes aw JU It I i i A' a vs SSgCT' f' kKd 1 Rx fiKSSX ft ft 7 a 111 i cJaM i i i i gmsgSBsg in Texas and Oklahoma The cut off of Mideast oil to the US effect domes tic supply Pennington says since Arab oil comprises only 6 per cent of our petroleum consumption He secs American oil exports as foolish in view of shortages at home and says we should all oil exports at once until a Congressional committee ascertains the amount of sales to foreign nations which can be accomplished have the Elk Hills re serve south of Bakersifled California untouched since Standard discovered it in he says besides other naval reserves that could be opened for exploration Several articles in the Oiland Gas Journal support Penning enthusiasm for oil prospects Ten years ago the exploration edi tor wrote an article titled Springs Be a and noted that drillings there were progressively more successful This year Pennington says the Oil and Gas Journal has run a three part series Basin Tertiary Has OAK ROLL TOP DESKS $239 $310 $510 URNITURE Thoma 323 1905 Closed Sun Mon OPEN TUESDAY 8 PM Af Work The Penningtons stand before one of their oil projects in the Eagle Springs area 70 miles southwest of Ely William Pennington (left) is associated with his fath er William Penning ton in their Nevada oil producing company Parties Outlawed MONTEVIDEO (PI) The military dominated government in Uruguay Saturday outlawed the Communist and Socialist parties along with several smaller leftist groups and closed down two newspapers Child Care 4 Hour hard to believe in these inflationary times that possible to get first class 21 hour child care for 11 per hour Yet children en rolled on the weekly rate at A Small World' 4701 Neil Road Reno get this low rate plus free hot meals and snacks Tie rate for drop ins at BO' per hour on the Babysitting card rate is lower than many sitters charge plus it elimi nates the game of 'ITie Inspection of this new child care center and dis cussion with the teachers about the Pre School Pro grams is invited America and the uture of Man A course by newspaper is presented by the Nevada State Journal and the University of Nevada Reno A series of twenty lectures by the most eminent thinkers of today appear each Sunday in the Journal or information about enrollment for academic credit contact Grace Donehower Asst Dean University Extension University of Nevada Reno 90506 phone 972 0781 IVHMS OI MM TANGY CREAMED TURKEY resh delicate Best oods make the luscious sauce deliciously smooth and creamy 2 tablespoons margarine 14 pound mushrooms sliced (about 2 cups) 12 cup chopped onion 1 4 cup chopped green pepper 1 cup BEST OODS Real Mayonnaise 1 cup plain yogurt 12 teaspoon salt Dash pepper 1 1 2 cups chopped cooked lurkey or chicken 1 cup cooked green peas 1 tablespoon chopped pimienlo Cooked rice Melt margarine in skillet over medium heat Add mushrooms onion and green pepper saute stirring frequently about 5 minutes or until tender Mix together Real Mayonnaise yogurt salt and pepper add to sauteed vege tables Stir in turkey peas and pimienlo Heat over low heat stirring occasionally 10 to 15 minutes or until thoroughly heated Serve with rice Makes 4 servings TUNA ROCKEELLER Best oods makes it easy to make thrifty tuna taste like something special 1 can (7 oz) tuna drained and flaked or 1 cup diced cooked chicken or turkey 1 package (10 oz) frozen chopped spinach cooked and drained 1 3 cup fine dry bread crumbs 2 fablespoons grated Parmesan cheese 1 tablespoon lemon juice 14 teaspoon salt Dash pepper 1 2 cup DEST OODS Real Mayonnaise Grated Parmesan cheese Combine tuna spinach bread crumbs 2 tablespoons cheese lemon juice salt and pepper old in Real Mayonnaise Spoon into individual baking shells or into 1 (9 inch) pie plale Sprinkle with additional grated cheese Bake in oven about 20 minutes or until thoroughly heated Makes 6 servings RM on4i 8 Otv'Wn ol CPC ifc HAM AND CHEESE PIE Creamy smooth Best oods Real Mayonnaise dresses up leftover ham for company 1 2 cup BEST OODS Real Mayonnaise 12 cup milk 2 eggs 1 tablespoon corn starch 1 12 cups cooked ham 112 cups (about 1 2 pound) chopped Swiss cheese 13 cup sliced green onion Dash pepper 1 unbaked 9 inch pastry shell Mix together Real Mayonnaise milk eggs and corn starch until smooth Stir in ham cheese onion and pepper urn into pastry shell Bake in oven 35 to 40 minutes or until golden brown on top and knife inserted in center comes out clean Makes 6 io 8 main dish servings or 10 to 12 appetizer servings Til BEE STROGANO Start fresh with Best oods arid no one will guess this elegant dish started with yesterday's roast beef 2 fablespoons flour 12 teaspoon salt Dash pepper 2 cups cooked roast beef pieces 14 cup margarine 1 4 pound mushrooms sliced (aboul 2 cups) 12 cup chopped onion 1 clove garlic minced 1 cup plain yogurt 12 cup BEST OODS Real Mayonnaise 2 tablespoons dry white wine Cooked noodles Mix together flour salt and pepper Dredge meat in flour mixlure Melt margarine in skil let over medium heat Brown meal on both sides turning as needed Add mushrooms onion and garlic saute stirring frequently aboul 5 minutes or until tender Mix together yogurt Real Mayonnaise and wine stir into bcel and vegetables Heat over low heat stir ring occasionally 10 to 15 minutes or until thoroughly healed Serve over noodles Makes 4 servings CHEESE ONDUE Versatile Best oods makes this parly favorite one step easy 1 2 cup milk 14 cup white wine 1 2 teaspoon Worcestershire sauce 14 teaspoon dry mustard Dash white pepper 1 cup BEST OODS Real Mayonnaise 2 cups shredded Cheddar cheese rench bread cut into bite size pieces Mix together milk wine Worcestershire sauce mustard pepper Real Mayonnaise and cheese in 2 quar! saucepan Cook over low heat stir ring occasionally about 20 minutes 'or until cheese is melted and mixture in hot Pour into fondue pct or chafing dish To serve: Place Chunks of rench bread on fondue forks or on wooden picks and dip in Cheese ondue MrWes 2 cups Cheese ondue vi7'r milk Prepare Cheese ondue as directed using 34 cup milk and omitting wine Howto jBlBx i bring 1 the best in iiK i budget i foods i 1 SPECIAL RECIPE OER! This 36 page illustrated booklet gives you 50 ways lo make budiict foods into delicious nourishing meals for your family and quests To order just send 20c to BUDGET BOOKLET BOX 90 New York NY 10046 me A City Stale Sesi oods is a fftgisleted kadematk of tPC International Ine ft I I i I I 1 I I.

About Nevada State Journal Archive

Pages Available:

737,587

Years Available:

1870-1983