Domestic Drilling Comeback Evident
In six months oil and gas explorers nearly doubled cash bids for Gulf of Mexico federal offshore leases. Texas and Louisiana sales total 3.271 billion, Louisiana pace strong, Texas bids 1.538 billion, overall 6.782 billion since 1954. Global expert Michel Halbouty criticizes cash bonus bidding and proposes an expenditure based royalty scheme to boost long term returns.
MENTIONED IN THIS ARTICLE
Houston
Gulf of Mexico
Texas-Louisiana
Louisiana
Tidelands
Texas
Michel T. Halbouty
American Association of Petroleum Geologists
Service Authorized Homesite Chain Law and Lawn Mower Dealer
A notice from a local advertiser at W 3rd and Bowie lists a dealer offering chain saws and lawn mowers. Contact number 373-314? appears in the fragment for inquiries and service.
MENTIONED IN THIS ARTICLE
Homesite
Bowie
Petrolia Refinery Crude Runs Rise in Latest Week
Total crude oil runs averaged 13.109 million barrels daily for the week ending Friday, up from 12.893 million the prior week and 11.948 million a year ago, with east of California crude at 11.071 million. Domestic stocks fell 2.192 million barrels while foreign crude rose 1.676 million. Regional changes show declines in Nebraska-N. Dakota, Mississippi Alabama Florida, and California Alaska, with increases in Texas and Gulf Coast areas.
MENTIONED IN THIS ARTICLE
Washington
American Petroleum Institute
California
Pennsylvania
Appalachian
Lima-Michigan
Hitness
Indiana
Kansas
Nebraska-N. Dakota
Oklahoma
Arkansas
Mississippi
Alabama
Florida
East Texas
West Texas
Gulf Texas
Texas
Northern
Louisiana
Gulf Coast
Louisian
New Mexico
Wyoming
Rocky
Alaska
Bid terms could boost exploration before lease abandonment
The proposal argues that partially reinvesting bid funds into further exploration would extend drilling on a block. It suggests that continued testing before abandoning a lease increases chances of finding new oil reserves that a single dry hole test would miss.
MENTIONED IN THIS ARTICLE
Mula
Wildcat gas flows test in Eddy County New Mexico
Oil field briefs report Morrow wildcat in Eddy County six miles northwest of Carlsbad flowed gas at a peak 2 million cubic feet per day for 12 hours through perforations at 11,086 to 11,244 feet acidized. after shut in for pressure it opened on a smaller choke producing about 1 million cubic feet daily. Other wells and tests are noted in nearby blocks including J. M. Huber and Exxon discoveries with various open-flow figures and completions in the Carlsbad Superior area.
MENTIONED IN THIS ARTICLE
Superior Oil Co
Eddy County
N.M
Morrow
Carlsbad, South
Carlsbad
Atlantic Richfield Co
Wildcat
Superior
J. M. Huber Corp
Midland
Yates-King
Exxon Corp
Carlsad
Great Western Drilling Co
Lea County
Buckeye
Phillips Petroleum Co
James
Cabin Lake
Meadoo Properties, Ltd
Harris-Bell
Strawn
Golden Lane
John H. Hendrix
Brunson
Ellenburger
Granite Wash
Lea
Eunice
Ata
San Andres
Artesia
Mobil-Federal
Peng
Section Oe
Dayon
Aztec State
Onewell
Triple X
Delaware
Honda Drilling Co
Newman Federal
Jal
Chaves — Pennzoil Co
McCrea Federal
Roswell
Eddy— Samedan Oil Corp
Crow Flat
Aztec Oil & Gas Co
SS State
Humble City
Amoco Pipeline Fined for Late Spill Report Near Cleburne
Amoco Pipeline Co of Chicago was fined 2000 dollars after failing to notify the Texas Railroad Commission promptly about an oil spill near Cleburne at 8 20 a m on February 4. Attorney General John Hill filed suit and a judgment was reached. Immediate notification is required by commission rules.
MENTIONED IN THIS ARTICLE
Austin
Julie Nixon Eisenhower to Attend Denison Statue Dedication
The White House confirms Julie Nixon Eisenhower will attend dedication ceremonies on July 9 for a bronze statue of President Dwight D. Eisenhower. The unveiling will occur at the Eisenhower birthplace park in Denison, Texas.
MENTIONED IN THIS ARTICLE
Denison
Tex
UPI
White House
Julie Nixon Eisenhower
Dwight D. Eisenhower
Eisenhower Birthplace Park
Also Mentioned on This Page
Halbouty
Roy
Clayton & Clayton
Association of
Wes Clayton
General Practice of Law
W. 45Th
WL Benson, OD
Robert Morrison
D.D
Anthony
Amarillo
WL. Parker M. D
Garnett
Bryan, MD
Barton £. Freeman
M.D
Amarillo Cardiology Associates
Thomas C. Neese
Medi-Park
Friendship Baptist Church
S. Arthur
Tommy Phelps
Friendship
Associated General Contractors
Petrolina
Acquie Refinery
Wildcat Gasser
Eddy
Texas International Petroleum Corp
Akron
Ohio
Julie
Wexford
Anchor Hocking
Jor
Hunt
KRAFT
Miracle
K-Mart Foods
Dunivan
Colgate
Meadowdale
Peg
FONDA
Coca Cola
van Camp
Vienna
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