Import Formulas More, Differing In Oil Import Debate
The dispute over oil imports centers on whether to include petroleum products in estimates. The API notes crude imports affect product imports, with ratios shifting as curtailment efforts change. Data from 1956–57 show crude and product trends, including heating oils making up most products. Captain Carson, head of curtailment, cited 86 percent of product imports as residual heating oils.
MENTIONED IN THIS ARTICLE
Houston
United States
American Petroleum Institute
API
Matthew Carson
Texas Independent Oil Operators
Hearings on Anti-Trust Indictments Set for 29 Oil Firms
In Alexandria a federal court fixed August 1 as the deadline for motions to attack an indictment of 29 major oil companies accused of conspiring to fix crude oil and gasoline prices. Judge Albert Bryan also set September 10 for agreement on the motions and July 10 for a hearing on a government motion to impound records.
MENTIONED IN THIS ARTICLE
Alexandria
Dist
Albert Bryan
Bryan
Justice Department
Oil Marketing Spending Outpaced By Station Upgrades
Twenty major oil companies plan to spend 210 million dollars on marketing capital expenditures this year, 15 percent less than 1957 and equal to 1955. Most goes to service stations, 42 percent for new, 15 percent for rehabilitating, with bulk plants and terminals at 16 percent and land and buildings at 11.9 percent.
MENTIONED IN THIS ARTICLE
New York
National Petroleum News
McGraw- Hill
Texaco Seaboard Merger Creates Texaco Seaboard Inc
Texaco and Seaboard Oil Co completed their merger forming Texaco Seaboard Inc with 660 159 new shares issued and distributed June 2 on a one for one basis. The merger was approved by Seaboard stockholders May 23.
MENTIONED IN THIS ARTICLE
NEW York
Texaco-Seaboard Inc
Seaboard Oil Co
Texas Co
Seaboard
Unfinished Gasoline and Oil Question In Eisenhower Drive
Washington AP reports knotty issues arise in applying the voluntary oil import reduction to unfinished gasoline and oils. Officials cite definitional, scope, quota, and participation questions with tentative import range of 20 000 to 30 000 barrels daily and no firm details.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Bureau of Customs
Secretary of Interior
Seaton
Navy
M. V. Carson Jr
Oil Activity in Texas and Beaver Counties Rises In Southwest Kansas
Southwest Kansas drilling shows slow activity with several tests and discoveries. In Texas County Oklahoma Panhandle firms report gas shows and oil tests on multiple wells including Republic Natural Gas, Cities Service, and Pan American Petroleum. Beaver County leads the field with Morrow gas tests and Oswego oil swabbing in progress, while Carter Oil records production in Elmwood and Texas Company wildcats await results.
MENTIONED IN THIS ARTICLE
Liberal
Kan
Kansas
Oklahoma Panhandle
Texas County
Okla
Panhandle Eastern
Morrow
Hopkins
Guymon-Hugoton
Republic Natural Gas
Keyes
Julian
Republic
Ralstin
Cities Service Oil Geological Wildcat
Schoonover
Panhandle
Petroleum, Inc
Hebner
Texas Company
Griggs
Cimarron County
Oklo
Nield
Elmwood
Carter Oil
Beaver
Oil Wildcat Drilling Progress Across Oklahoma and Texas Counties
Oil operators report mixed results across the region. In Beaver County Pan American advances a 6750 foot Mississippi test at the No 1 Lewis well. In Cimarron County a wildcat northeast of the Southeast Griggs field Deepens the No 1 Cook E to 6181 feet.
MENTIONED IN THIS ARTICLE
Petroleum, Inc
Wildcat
McFarland
Beaver County
Pan American
Mississippi
Lewis
Warren Bradshaw
United Carbon Co
Texas County
Griggs
Cimarron
Former Oklahoman Joins IPAA Staff
Washington appointment of Frank L. Dennis a Washington newspaperman and lawyer to the executive staff of the American Petroleum Institute announced by Pres. Frank M. Porter. Dennis will be a special assistant to Porter in the Washington office and join July 1 after resigning as director of the press and publication service of the U. S. Information Service on June 30.
MENTIONED IN THIS ARTICLE
New York
Washington
American Petroleum Institute
Frank M. Porter
Frank L. Dennis
Porter
Institute
U. S. Information Service
Also Mentioned on This Page
By Max R. Skelton
Texaco-Seaboard
Texas and
Beaver Counties
Seward County
Forgan South
Pan American Petroleum
Moreau
United Producing
Mocane
Oswego
R FE
Adams
Woodson
Morrow Gas
Bert A. Masters
Westhaven Village
34Th
Georgia
Channel 4
Opera
G. R. Green
H. F. Cypher
L. Imke
Mr. G. Roberts
Mrs. B. Searcy
D. Sears
Borger
Follett
Dumas
Amarillo
Starric
John Bromfield
Blackburn Bros
Era
SEARS
Protex
Tisuk
Aes Bitten
Gunamide
Plains Bivd
RCO and
IPAA
Harrison
Amarillo Auto
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