New Mexico Oil Rules Change Discussed by OCC
The Oil Conservation Commission in Santa Fe heard a major change proposal to prorating oil production. The plan, prepared by OCC staff led by A L Porter, would replace the current ratio system with depth bracket allowances and require bi monthly capacity checks against anticipated market demand to curb waste. The commission also set July and August allowables at the May level: 80 barrels daily in southeast New Mexico and 100 in the northwest.
MENTIONED IN THIS ARTICLE
Santa FE
N.M
New Mexico
OCC
A.L. Porter
Northwest
Dan Nutter
Nutter
Texas
OCC considers proration rules to adjust oil well limits
The OCC discussed proposed changes to oil well prorationing with industry spokesmen endorsing a system allowing higher allowables in certain pools after reservoir data shows no waste. Depth brackets for 40 acre spacing show reductions beyond 5,999 feet, with 8,000 to 8,999 feet set at 230 barrels daily versus 240 now, and deeper wells facing larger drops. Variances would require notice and hearing and consider transportation, gas, disposal, and rights factors.
MENTIONED IN THIS ARTICLE
OCC
Tenneco Oils Oklahoma Oiler finaled in Majors County
Tenneco Oil Co reported a major western Oklahoma operation in Majors County. No. 4 Willits flowed 333 barrels of oil and 3 barrels of lead water daily through a inch choke from Red Fork perforations at 6,830 to 6,840 feet, total depth 7,000 feet. Other Oklahoma reports note wildcats and completions in Caddo, Cimarron, Dewey, Ellis, Woods, and Barber counties, with several wells dry, abandoned, or finaled.
MENTIONED IN THIS ARTICLE
Tenneco Oil Co
Majors County
Oklahoma
Willits
Cheyenne Valley
Red Fork
Jones & Pellow Ol! Co
Firestone
Nwsese
Luther Hill Leld
Morrow C
Woods — An-Son Corp
Marcum
Swe
Léw
B . Woooware
Bufttel
Cne
Cedardale Field
Erlfeet
Total Sooty
Ted Kansas Rets
Barber — Hershberger Supeerarions
Frieden
Manvenie
Barton
Earl Henderson
Clair
Wildcat
FLLIS
Kewonee Oi! Co
Litz
N'Os
Emmeram Field
Ce PD — Oemear Oi! Co
Kurth
Csese
Amoco Production Co
Newby
Panama Area
Council Grove
Bearmore Oil Co
Amstutz
Cherokee
Patrick Priesieum Co
Dinces
Enese
Stafford — Petroleum Inc
P Schortz
Puncsack Field
Rains & Williamson Oil Co
Richland Field
Texas Ave oil production up on June 15
The Railroad Commission said Texas average calendar day oil production allowable on June 15 was 4,022,966 barrels, up 34,120 from June 1. Insurance firms paid 9.5 billion dollars in health benefits last year, rising 408 million over the prior year, a growth of more than 4 percent.
MENTIONED IN THIS ARTICLE
Austin, Tex
Texas
Railroad Commission
New York
UPI
Pennzoil Plans Twin 34-Floor Plaza in Houston
Pennzoil plans to build Pennzoil Place, a 1.7 million square foot twin tower complex of 34 floors each, on a block south of Jones Hall. Designed by Johnson and Burger, the trapezoid towers will mirror each other and house Pennzoil on 550000 square feet while remaining downtown.
MENTIONED IN THIS ARTICLE
Houston
Pennzoil Co
Gerald D. Hines
Pennzoil Place
Louisiana, Milam, Capitol
Rusk
Jesse H. Jones Hall
Pennzoil
Hines
Shell Plaza
Ters
Bradford
William C. Liedtke Jr
Johnson & Burger
New York City
Museum of Modern Art
Jones Hall
Jones
Darrouzett German Fest Set for July 1 Parade and Meals
Darrouzett hosts Ein Deutsches Fest July 1 featuring a parade at 10 30 am followed by lunch service from 11 30 am to 2 pm with German sausage beirok cabbage rolls butterballs noodles sauerkraut torte and krebble Tickets cost 1 for children 2 for those over 12 and may be ordered through Saturday or bought at the door Activities include a Miss Fraulein contest an accordion contest horse shoe domino bingo booths in traditional dress and a folk dance later at the American Legion Hall Meals are provided by T Quality Farms and Frank Packing Co of Booker.
MENTIONED IN THIS ARTICLE
Darrouztt
Spe
Darrouzett
Also Mentioned on This Page
Bill Feather
Associated Press
Amarilla
Tenneco
Oklahoma Oiler
An-Son Corp
Larson
Enesw
Cimarran
Shenandoah Oi! Corp
Oftinger
Shenandoah
Ford
Keys District
Dewey — Harrison L. Townes Inc
Gore
Ellis — Mesa Petroleum Co
Benbrook
Cnwse
Forge
Pacific Northwest
Canadian Rockies
Amarillo
Las Vegas
Disneyland
San Francisco
Giant Redwoods
Oregon Coast
Portland
Seattle
Victoria
Vancouver
Lake Louise
Columbia
National Park
Wyoming
Montana
Continental
Trailways
Goups Ne
Tyler St. Amarillo
New York Life
York Life U
Ance
Madises
K, NY
France
Bank of the Southwest Ridg
Civic Circle
Russell E. Jones
Headquar
Darrouzett States
Ein Deutsches Fest
Braniff
Braniff Place
LaGuardia
Kennedy
Newark
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