After decades of expensive failed exploration attempts, the first Utah oil well finally was competed on September 18, 1948, in the Uinta Basin.
“The honor of bringing in the state’s first commercial oil well went not to the “Majors” but to an “Independent” – the Equity Oil Company,” notes Osmond Harline in a summer 1963 article in Utah Historical Quarterly.
The Ashley Valley No. 1, about 10 miles southeast of Vernal, Utah, produced about 300 barrels a day from 4,152 feet, Harline explains. “It is interesting to note that J.L. (Mike) Dougan, president and general manager of Equity Oil Company and a Salt Lake City resident, had been drilling for oil in Utah for over 25 years.”
Dougan beat out larger and better financed competitors, including Standard Oil of California, Pure Oil, Continental and Union Oil. The Utah discovery launched a deep-drilling boom. Unlike the earlier attempts, Dougan had drilled beyond the basin’s typical depth of 1,000 feet to 2,000 feet. Read the rest of this entry »