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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 29, 1948
Page
5
Midland reports a three extension for Benedum area south of the city as operators drill the D. D. Feldman No. 1 at 11,949 feet total depth. A drillstem test at 11,844 feet recovered about 900 feet of oil and gas cut mud, with an electrical survey suggesting pay sand warranting casing.
A report notes that one site, located about one and a half miles north of Sharon Ridge, registered two separate stands of more than 200 feet of oil and gas cut mud in drillstem tests reaching depths between 6,816 and 6,842 feet.
Kaufman County Texas stands on the verge of its first oil production as a prospective discovery well shows potential after past failures in the Travis Peak and Rodessa series. The report notes the county remains one of the last in the state without oil and gas activity. The news item highlights local industrial prospects and the ongoing search for fruitful drilling sites.
Demand from Midwestern farms and harvest activity keeps gasoline inventories at refineries low. A Mid-Continent refinery spokesman credited abundant tank cars as a help, with heaviest demand from Kansas and Iowa. Kerosene and distillates storage continues, tank car prices steady.
The Texas Railroad Commission reported a persistent surge in oil well completions last week totaling 140, raising 1948 new wells to 3,409, up from 2,062 the prior year. Drilling applications for 1948 reached 5,935 versus 4,346 in 1947, with nine wildcat discoveries and 146 wells in new territory. An increased calendar day allowable by 3,786 barrels was noted as of June 26. A separate proceeding set for August 3 concerns Shamrock Oil and Gas Wendland No 1 in Coke County with discovery rights.
A 76 acre tract north of Amarillo between Fritch road and Highway 66 will be platted and offered for sale. Attorney H M Hood of Borger handles the transaction for Joe L Murphy of South Fork Colorado. The land was previously platted and dedicated in 1929 but the dedication was withdrawn. The new platting will dedicate streets and alleys to public use.
The Texas Company will modernize its Electra gasol ine plant with absorption and distillation facilities to improve gas stripping and recoveries of butane and propane. Fort Worth division manager C B Williams says area gas remains ample. The plant began as a compression natural gasoline plant in 1916 and expanded in 1922 to handle more gas from nearby pools and fields.
Pan-American Refining plant workers in Texas City threaten to strike if a wage deal is not reached by July 1. Secretary treasurer Joe D. McGee says over 1,800 employees, including pipeline workers in South Texas, seek higher pay and reclassified jobs. Current wages range from 1.22 to 2.17 per hour. a 12 cent raise was granted last year after a prior strike. Zanzibar exported nearly 17 million pounds of cloves in the last year.
A Midland group of independent oil operators asks 10 major buyers to pay 13 cents more per barrel for Permian basin crude to align with Mid-Continent prices. Most come from Midland with holdings producing 15 to 20 million barrels yearly.
Ace Gutowsky Sr. filed a motion for a new trial after a federal judge ordered him to pay one quarter of profits from the West Edmond Oil Field to Indiana men William M. Jones and O. C. King of Marion. The amount will be set after an audit. Bourland was relieved from payment, leaving Gutowsky liable in full.
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