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Newspaper
Andrews County News
Location
Andrews, Texas, United States of America
Date
Jun 15, 1961
Page
2
M-Sgt. David Pace and family spent three days visiting with his sisters and friends in Andrews. Pace, an instructor at Perrin Air Force Base, teaches rockets and fire control systems. He has been married 12 years and has two children, Susan 11 and David 8.
Carl Everett Sealy Sealy co-owns and manages Andrews Abstract Co since 1909. He joined the business 31 years ago after moving from Ellis County in 1929 where he farmed. A Church of Christ deacon and treasurer, he enjoys fishing and hunting with wife Lurline at 310 N West 2nd Street. son Byford Sealy also works in the firm.
Lynn Jones of Pan American Petroleum and Jim Kent of Western Co. of Texas presented The Oil Game at Andrews Lions Club to illustrate harsh odds in wildcat drilling. The simulation showed one in nine hits oil, with 1000 to one odds for a 50 million barrel gusher and 17 percent of players earning profits while 50 percent went broke. Depletion tax incentives keep hopeful drillers in business, Kent said, otherwise exploration would shrink and prices rise.
Reed Roller Bit Company reports 216 rotary rigs in operation Friday across the Permian Basin Empire, down from 226 last week. Lea County New Mexico remains the leader with 11 active units, as West Texas and Southeast New Mexico show concentrations across multiple counties including Lea, Andrews, Gaines, and Reagan.
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