COLORADO EXPLORATION SLATED

Union Pacific Resources Co. (UPRC), Fort Worth, and Sinclair Oil Corp., Salt Lake City, have agreed to a joint venture to explore for oil and gas in the Las Animas arch province of Southeast Colorado. The first $16 million phase of the 3 year program calls for 50 exploratory wells to be drilled in Kit Carson, Kiowa, and Cheyenne counties. Each $325,000 well will be drilled vertically to Pennsylvanian Morrow or deeper during the next 15 months. The remaining 21 months covered by the agreement

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