Market Dow Dips to 10,623.33 at 11 A.M.
At 11 a.m. the Dow Jones average stood at 10,623.33, down 22.07 points from this morning's opening.
19 Jun 2001
Page 1
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Jun 19, 2001
Page
1
At 11 a.m. the Dow Jones average stood at 10,623.33, down 22.07 points from this morning's opening.
A weather forecast shows thunderstorms likely in the southeast with a chance west and north. Highs reach the 70s and near 80 in the southeast. Wednesday night brings showers and thunderstorms across most areas except the north central. Lows range from the 50s in the west and north to near 60 in the southeast.
The Telegram reports local news highlights including sports results and editorials available online at www.gctelegram.com.
Finney County appraiser Alan Roop warns of overstated figures from oil and gas firms as 2000 revenues reached 5.1 million from natural gas, with 1,264 wells worth 171.4 million. BP Amoco and ExxonMobil hold major leases. future gas tax losses threaten budgets as Hugoton gas field limits loom.
Finney County residents and firms hold working interests in 1,264 gas wells valued at 137 million dollars for working interests and 10.35 million for royalties. In 2000 royalties yielded 1.05 million in tax revenues, with 4.10 million from working interest taxes. A 640 acre section leases to operators, who gain exclusive exploration and production rights while bearing all costs.
The article traces how ancient geological formations in southwest Kansas unlocked natural gas reserves, transforming the region into a key national energy hub. It highlights discovery timelines, exploration efforts, and the economic impact on local communities and industry players.
A six day sequence examines Kansas natural gas as a key resource. Monday covers politics of tax exemptions and the Kansas Corporation Commission. The series asks what happens in Finney County when wells run dry and examines the impact on residents and policy.
Grain elevator managers report wheat looks green with a few days until harvest. Density readings range from 60 to 64 pounds per bushel, moisture around 13.5 percent, and other factors like moisture and total yield will influence this season’s outcome.
Tony Geier 93 of Garden City died Sunday leaving a legacy as a founder of Geier Electric in 1936. He retired in 1989, passing the business to son Larry. Friends recall his work ethic and devotion to family while noting his Rus sian roots and a large family spanning Kansas and Texas.
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