Tidelands oil could be new yield for drillers
Houston based AP report surveys tidelands oil potential along the Gulf coast from the Mississippi River to the Rio Grande, noting geologic factors and past offshore discoveries. It discusses offshore claims, federal limits, and a Supreme Court battle over state control, with estimates of shelf areas in the Gulf, Atlantic, and other coasts and ongoing competition among Texas, Louisiana, and federal authorities.
MENTIONED IN THIS ARTICLE
Houston
Louisiana/Oil Industries Inc
Gulf of Mexico
Texas
Mississwildcat
Terrebonne
Sansippi
Rio Grande Parish
California
Nature
Atlantic Coastal Plain
Gulf
Louisiana
Tidelands Oil
Volved
Presidential Pure Oil Co
Evon Parish
Kerr-McGee
Summerland
U.S. Geological Survey
World Petroleum Congress
Atlantic
Supreme Court
Pleasant outlook for business says New York AP
New York AP reports businessmen hear encouraging signs for weeks ahead. Stocks rally on stable industry leaders, long range capex plans show little impact from slowdown. Consumer spending remains steady while export revival supports the dollar and trade balance. Export surplus nears 1.5 billion, imports up 6 percent in four months, aiding balance of payments. Government relies on business capital spending, with early estimates nearing 100 billion dollars.
MENTIONED IN THIS ARTICLE
New York
U. S
Ain
Securities and Exchange Commission
Department of Commerce
1950 Grads Reunion Is Planned
Graduating class of 1950 at Robert E. Lee High School will hold its tenth reunion Saturday with a picnic from 10 a.m. to 2 p.m. at the Community House. Attendees are asked to bring lunch. soft drinks are provided. Harry Nettles and John OC Echols lead arrangements with several helpers. Jimmy Tyres will be master of ceremonies. Prizes will be awarded. That evening a group will attend a dance at Sylvan Beach pavilion.
MENTIONED IN THIS ARTICLE
Robert E. Lee High School
Harry Nettles
John OC. Echols
Gene Moody
Billy Richards
James Beavers
Billy Fortinberry
Leroy Masterson
Bobby Jordan
E. L. Parker
Bert Schoopman
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