NEVADA'S LONG, RAILROAD VALLEYS BUSY

More exploratory drilling is on tap in two areas of eastern Nevada. Pioneer Oil & Gas, Midvale, Utah, said it signed a confidential joint venture agreement with a major oil company to develop its 16,460 acre Maverick Springs prospect in Long Valley (OGJ, Dec. 31, 1991, p. 16). The joint venture partner plans to shoot seismic in the area, but no drilling is required at present. Pioneer said seismic closure, surface geology, and a pronounced soil gas anomaly indicate potential on the prospect,

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