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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 22, 1962
Page
6
Austin AP reports Texas rail oil theft concerns may spread beyond East Texas fields. Commission Chairman Willfield and Murray noted potential extension to additional oil regions as officials monitor unauthorized drilling activities.
Mobil Prospector in Lea County New Mexico shows oil and gas in lower Yeso zone at 7,854 to 7,908 feet. 55 minute DST yielded 100 feet gas, 5 feet free oil, 25 feet drilling fluid. Prior tests in Yeso and San Andres areas show gas and oil with varying results. No. 1 Borderes and No. 1 Sordeges wells report oil and water production and Devonian testing with mixed outcomes. El Paso Natural Gas tests Strawn flow in Lea County prospect No. 1 Southern.
The report details multiple oil and gas tests with outputs at Caprock and nearby fields. It notes flowing rates up to 756 000 cubic feet daily, 30 barrels per hour in some tests, and recovery of oil, gas, and mud. cities service and others plan Devonian wildcats as the commission probes crooked drilling and slant holes in East Texas and related fields. The commission aims to curb oil stealing, requiring sworn affidavits and independent surveys.
Shelf O11 Company seeks a 13 500 foot Devonian wildcat Lea County No 1 DA Store located 13 miles east of Lovington. The site lies 2 2 miles east of the South Denton Devonian pool and 9 239 feet from the east line and 3 300 feet from the south line of section 2 ½ 3e. William A Hudson and Edward R Hudson of Fort Worth plan a 9 700 foot Pennsylvanian wildcat No 1 Ohio Federal six miles southwest of Milnesand in Roosevelt County New Mexico 660 feet from the north and 1 980 feet from the east lines of section 27 85 Me.
Rep. Tom Steed urged the House Rules Committee to allow debate and a vote on his oil import quota amendment tied to Kennedy’s trade expansion bill. The plan, unanimously backed by independent oil interests, would let the president set import levels to protect domestic production without reducing current imports.
The Texas Research League will conduct a comprehensive study of the Texas Railroad Commission to assess its organization and administrative functions. J Harold Dunn of Amarillo said the executive committee approved the request to study the commission and its procedures and to make recommendations. The study marks the first wide review of the commission, which regulates oil and transportation, and may prompt a statewide industrial program recommendation if needed.
Washington IPAA reports third quarter crude oil demand will fall by about 475000 barrels daily from June levels unless imports are cut. Inventories could reach 870 million barrels by Sept 30, about 20 million above last year and 40 million above projected adequacy.
Classifieds promote a Reader's Digest feature revealing how to manage money, calculate true interest rates, four options for paying for college, and retirement planning. July issue now on sale.
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