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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Apr 18, 1935
Page
2
The report from the Pontotoc county Fitts field details a fieldwide leveling of bottom hole pressures over two and a half months, indicating the Bromide sand acts as a unit. It notes 800k barrels produced January 16 to February 11 with an average 160 psi pressure drop per 1000 barrels and forecasts use of the ratio for future calculations.
The document outlines three computation methods A B and C for calculating pressure declines in oil fields. It explains how bottom hole pressure decline per 1000 barrels is derived from key wells and pool production, and notes that methods B and C yield similar results with C providing per-well pressure estimates. It discusses averaging pressures during pressure taking periods and reasons to prefer C for future comparisons.
President Roosevelt backs a federal oil production cap plan after a White House conference on petroleum problems. Key figures include Secretary Ickes Senators Thomas of Oklahoma and Utah and Representatives Dis ney and Cole. The Thomas bill creates a federal petroleum board to set state quotas and require excess output be stored if needed.
Oklahoma City April 13 The bill consolidating the probation department and conservation agency would cut jobs and shift duties amid a broader plan to streamline state departments.
The U S Commissioner W C Edwards presided as internal revenue law violators appeared before him in Muskogee. Skeet Curry posted 3000 bond after indictment and release pending the next federal term. Charley Curry was arraigned on a similar charge alleging a home violation on West Ninth.
The farm debt adjustment committee has heard 101 cases with 98 settled and 3 pending. Foreclosure fears prompt creditors to agree to debt reductions, aided by federal refinancing that sets new terms and 20 years to repay. This process restores farmers’ hopes and encourages future productivity.
The 160th Field Artillery band of the Oklahoma National Guard earned high compliments from Captain Brummage after a thorough federal inspection. Major Fred J. Schreiber said the unit passed the full test, with a strong showing during a city march as part of the review. The band has long won honors at the annual National Guard encampment at Fort Sill, set for early August this year.
A warrant for 33 335 has arrived at the office of Fred McCoy county treasurer. It releases Pon totoc county's share of the special common school fund voted by the state legislature. The funds ensure at least seven and a half months of school across the county and allow teachers to obtain warrants for work done after district resources were exhausted.
Classified ad notes strong value for investors and buyers with strategies promoting high returns on modest outlays. Highlights include quick-turn opportunities and emphasis on prudent risk assessment and diversified portfolios.
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