Oil Industry Sees Government Inconsistency In Anti Trust
Washington reports that Charles O'Hara of the National Petroleum Association accuses the government of inconsistent anti trust enforcement across the Justice Department and FTC. He cites overlapping cases against Standard Oil of California and Sun Oil, and notes 15 major suits pending as a cartel legacy and price actions tied to distributor relationships.
MENTIONED IN THIS ARTICLE
Washington
UPID
C. O’hara
Cdivisel
National Petroleum Association
Federal Trade Commission
Nit
O'Hara
Association
Executive Branch
O’hara
Justice Department
FTC
Standard Oil of California
Sun Oil Co
New York
U.S
Justice and Interior Departments
National Petroleum Council
Great Pipeline Race of 1906 07 between Gulf Oil Corp and Texaco
The 1906 07 Great Pipeline Race pitted Gulf Oil Corp and the Texas Company as they hurried to lay rival pipelines from Glenn Pool near Tulsa to Port Arthur. Both firms mobilized thousands of workers in February 1907 to beat the other to the finish, a race that shaped early oil industry competition.
MENTIONED IN THIS ARTICLE
Gulf Oil Corp
Texas Company
Texaco
Gulf
Glenn Pool
Tulsa
Indian Territory
Port Arthur
Oklahoma
Area Leads Nation As Big Tally Soars
Hughes Tool Co reports 1,926 active oil drilling units in the U S this week up from 1,851. Texas regions show gains except Gulf Coast offshore, with West Texas up 23 to 284 rigs and North Texas up 20 to 214, while Gulf Coast land operations rise nine.
MENTIONED IN THIS ARTICLE
West Gy
Southwest
Ation
Hughes Tool Co
American Assn
Oilwell
U.S
Gulf Coast
Texas
West Texas
North Texas
Offshore rigs and oil active counts by state shift this week
The report details state oil activities with Texas and East Texas up by three to 53 active rigs. California shows the largest decline with 10 fewer units. Other changes include South Louisiana up 11 to 216, Kansas up seven to 141, Illinois up six to 50, New Mexico up five to 105, Mississippi up four to 41, Montana two to 21, Indiana two to 7, Colorado down five to 42, while Reed remains at 67 and North Dakota and Oklahoma show losses.
MENTIONED IN THIS ARTICLE
East Texas
South Louisiana
Kansas
Ilinois
New Mexico
Mississippi
Montana
Indiana
California
Reed
Colorado
North Dakota
Oklahoma
Lubbock oilman to lead European drills for Loffland Brothers
W J Price or Jess to join in Holland with wife and two children Bill and Laura as newly appointed representative for Loffland Brothers in Europe. Price, former Lubbock resident, will manage European drilling operations and bring prior experience from Price Sitton Drilling Co and Livermore Drilling Co. He is a 1931 OU petroleum engineering graduate. Local and national drilling counts show 214 active in Texas and 1 926 nationwide.
MENTIONED IN THIS ARTICLE
W. J
Jess) Price
Lubbock
Hauge
Holland
Loffland Brothers
Norton and Sitton
Price
Livermore Drilling Co
Tyler
Oklahoma University
Europe
United States
Canada
South America
Tulsa
Preventive legislation viewed with alarm in oil wars
Magnolia Petroleum Co. executive George J. Gregor says federal bills to curb gasoline price wars would curb competition and harm dealers. He notes profits run about five cents per gallon for dealers while suppliers absorb losses, and argues sales volume is the remedy for price troubles.
MENTIONED IN THIS ARTICLE
Dallas
Bing Yourself
George J. Gregor
Magnon Petroleum Co
Senate
Gregor
Magnolia
Magnolia News
Jhe
Magnolia Petroleum Co
Southwestern
Socony Mobil Oil Co
East Texas
Congress
Strawn Well Tests Near Brownfield in Terry County
Trice Production Co reports a No. 1 B. R. Sleeper wildcat ten miles southeast of Brownfield, Texas, tested 10,978 to 11,018 feet without finding gas or fluid in 2.5 hours but recovered 150 feet free oil, 90 feet oil-cut mud, and 120 feet oil and gas mud. Depths and pressures noted. plan to deepen 50 feet and re test. Nearby shallow rotary in Mitchell County and a re entry at Garden City area also described with prospects and depths.
MENTIONED IN THIS ARTICLE
Trice Production Co
B. R. Sleeper
Brownfield
Terry County
Strawn
Corrigan Field
Mitchell
Ray A. Albaugh
Big Spring
Mitchell County
H. J. Brice
SPRR
Otis
Glasscock—Tidewater Oil Co
Coney
Garden City
T&p
Howard- Glasscock Field
Attendance Boost Expected for SEG Annual Convention
San Antonio officials anticipate a record SEG meeting with Oct 13 to 16 dates as rising Middle East tensions and Texas oil allowables drive registrations. Chairman J O Parr cites momentum from strong business prospects and broad, multi-session program featuring talks on geology geophysics and Mexican oil exploration led by Pemex president Antonio Bermudez.
MENTIONED IN THIS ARTICLE
San Antonio
Society of Exploration Geophysicist
Middle East
Texas
J. O. Parr
Mexico
Antonio J. Bermudez
Pemex
Cosden Acquires More Production in Texas Fields
Cosden Petroleum Corp announces it has acquired all working interests of Tri-Service Drilling Co in 12 leases in Reagan and Midland counties. The deal adds 16 Spraberry Trend wells and a Reef producer with reserves above 300,000 barrels and daily production near 130 barrels. The purchase completes via Cosden stock and follows a prior West Texas property acquisition from Grisham-Hunter.
MENTIONED IN THIS ARTICLE
Big Spring
Cosden Pet. Corp
Tri-Service Drilling Co. of
Midland
Tri-Service
Reagan County
Reinicke
Borden County
Cosden
Ouster Demanded for Teamsters Officer in Brennan Case
Court appointed monitors urged suspension of Owen B. Brennan a Teamsters vice president and expulsion charges. They also pressed an independent audit of the Michigan Teamsters welfare fund to determine amounts allegedly owed by Hoffa and Brennan linked to payments cited by Embrel Davidson. Brennan was Davidson’s manager.
MENTIONED IN THIS ARTICLE
Washington
Owen B
Bert) Brennan
Teamsters Union
Teamsters
James R. Hoffa
Brennan
Hoffa
Senate
Embrel Davidson
Davidson
Geological meet planned for Mineral Wells in October
Plans call for a regional petroleum geologists meeting October 22 to 25 in Mineral Wells led by J H Pittinger of Shell Oil Co. The event marks the Southwestern Federation of Geological Societies first annual technical gathering with 18 papers from local chapters including Lubbock Abilene San Angelo Fort Worth Dallas San Antonio Wichita Falls and Roswell NM.
MENTIONED IN THIS ARTICLE
Lubbock
H. J. Fitzgeorge
EL L. L. Smith
Vic
J. H. Pittinger
Wichita Falls
Southwestern Federation of Geogelical Societies
North Texas Geological Society
R. C. Oe
Pan American Pet. Corp
Seeetee
Anh Plains
Plas
Shell Oil Co
Southwestern Federation of Geological Societies
Abilene
San Angelo
Fort Worth
Dallas
San Antonio
Roswell
N.M
El Paso Woman Dies In New Mexico Crash
A 72 year old El Paso Texas woman lost control of her car on U S 260 Friday, the vehicle overturned, killing her and injuring her husband.
MENTIONED IN THIS ARTICLE
Deming
N.M
el Paso, Tex
U.S
Paper box consumption tops 100 billion annually in U S
More than 100 billion folding paper boxes are consumed annually in the United States, reflecting strong demand across consumer and packaging sectors and signaling growth in manufacturing and logistics activity.
MENTIONED IN THIS ARTICLE
United States
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FPC
Harry Wilson Sharpe
Gulf Ofl
W. Whiteford
Whiteford
Lubbock, Tex
Jim Mayes
Lubbock Oilman
Western Canada
W. J. Price
R. H. Fulton and Co
J&l
Jayhawk Pipeline Corp
McPherson
Fulton
Plains
Valley Center
Moa
Western
National Co-op
Mcperson
Derby Rig. Co
Wichita
Jones and Angen Steel Corp
Aliquippa
Pennsylvania
Ohio River
Pittsburgh
Kansas City
Terry
R. C. Morris
South Plains
Texas Panhandle
J. P. Brand
Trans Pecos
Morris
American Pet. Corp
Brand
Texas Tech
Civic Auditorium
Baker Hotel
Geologists’ Wives Assn. of
John Kay
Brazos River
Palo Pinto County
Sum Kingdom Dam
Wil
EL Pasoan
TYE & Sons Drilling Company
Yukon
Remington
Office Outfitters