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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Aug 15, 1961
Page
2
In Lea and Roosevelt counties new gas shows and drilling activity are described. Prospect sites near Jal and Justis Eddy indicate multiple tests with depths around 4 750 to 9 750 feet, reporting gas flow and casing pressures. Operators include Yates Artesia overseeing No 3 Caroline and related sections with results and planned lines through the North and South areas.
UPI reports mixed results from Texas oil activity. Wildcatters failed to find gas in searches while NAD notes 236 wells in 1960 figures. Regular drillers show 200 oil and 39 gas completions for the week as Strawnfield and J R Cox Jr. lead, with IRS noting unchanged mineral royalty rules. Potential for future reductions remains under study in Concho and surrounding counties.
The Independent Petroleum Association of America calls on the IRS to study legal and economic impacts before any change. They cite dual completion, production payments, and existing sale methods as long-standing practices in the Strawn field and East Lake region, noting potential effects on royalties and value.
AP reports Texas oil buyers plan to purchase 48,642 more barrels of crude in September. The release details Gulf Coast and West Texas districts, estimated outputs, and a Federal proration hearing to set September allowances, with nominations showing district by district increases and new wildcat drilling as statewide activity continues.
In Reagan County Texas Santana Petroleum plans the No 1 Cynthia Malone rotary Ellenburger wildcat ten thousand seven hundred feet deep, twelve miles northwest of Big Lake. The move follows earlier Strawn discoveries and a nearby no 1 Bill Whitehead offset.
Washington lawmakers scrutinize oil imports impact on independent domestic oil and coal producers. Chairman Tom Steed says objective study will gauge how imports affect industry survival and tax revenues.
A reader from Wing Texas reports Baker's Beauty Lotion improves facial brown splotches. The caller notes complexion brightens and claims the product helps achieve a clear face.
Fragmented OCR lists drilling collars and equipment by brand and number. Mentions shale areas, tool names, and operations with fluid recovery figures and times. Lacks coherent narrative. conveys scattered technical data and facility references.
IPAA warns that proposed IRS changes to long standing tax treatment of mineral sales could reverse issued rulings and Supreme Court positions. Dan Jones says hearings are needed and IPAA requests to participate in any TRS conference to discuss the matter.
Humble Oil and Refining Co reports 142 barrels of new and bad oil and 59 barrels of water in 29 hours from West camp perforations at 8 955.58 feet in No 1 Williams Mabry wildcat eight miles northwest of Plains Yoakum County. The test lies 660 feet south and 1 980 feet east IBIDS. Jeer to Britain. Indian ambassador to Grose and doctor orders relate to Nehru’s sister.
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