Oil production up 22 percent as weekly totals rise
The American Petroleum Institute reports weekly U S crude oil and condensate production at 7,260,710 barrels, up 22.1 percent from the prior year. Refiners processed 8,546,000 barrels daily, with U S gasoline output near 30.5 million barrels for the week ending Friday.
MENTIONED IN THIS ARTICLE
New York
American Petroeum Institute
California
Beast of California
Oklahoma
Texas
Louisiana
New Mexico
U.S. T
National Petroleum Refiners Assn. Fall Meet to Feature Udall
The NPRA fall meeting will include cabinet member Stewart Udall as principal speaker with other government officials and oil industry executives. Sessions will cover government petroleum purchasing, military specifications, and logistics. Admiral Burton Biggs will lead the technical presentation with agency representatives assisting.
MENTIONED IN THIS ARTICLE
Washington
National Petroleum Refiners Assn
Kennedy
Interior
Stewart L. Udall
Siance
Udall
NPRA
Lobe Kincannon
Burton 8
Biggs
Petroleum Logistics Policy
Admiral Biggs
C. C. Singleterry
Bureau of Naval Weapons
R. E. Streets
U. S. Army Materiel Command
Allan Baffy
U.S. Air Force Headquarters
Ira L. Solovey
Defense Petroleum Supply Center
Robert E. Yancey
Ashland Oil & Refining Co
New Oil Based Mulch Boosts Farmland Yields
Oil based mulch developed by Esso and The Lamp shows promise in dry regions. Experiments since 1958 indicate higher crop values and weed growth where the mulch is used, with cantaloupe yields up $000 per acre in Arizona and average melon returns $271 above normal. Participating stations include Colorado State University and University of Arizona. Hycon Mfg Co of Monrovia acquires Hayward Scientific Glass Corp. Hayward becomes a Hycon subsidiary moving to Monrovia plant.
MENTIONED IN THIS ARTICLE
Shell Oil Co
Standard Owl Co
New Jersey
Esso
Henry J. Hirshman
United Nations
Paris
Rome
Department of Agriculture
Arizona
Colorado State University
University of Arizona
Monrovia
Calif Cupi
Hycon Mfg. Co
Hayward Scientific Glass Corp
Whittier
Calif
Hayward
Hycon
Independents Hit By Lower Gasoline Prices In 1962 First Half
Tulsa AP report shows 37 independents earned 91.8 million in H1 1962, up 1.8 percent from 1961, while integrated independents and marketer refiners fell. Major oil firms mostly posted modest gains or declines amid softer domestic prices and stronger foreign sales.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
The
Oil and Gas Journal
Ume
Shell
Continental
Cities Service
Atlantic Refining
Ashland
Jersey Standard
Texaco
Well Pipe Lines Ordered To Be Reconnected
The Railroad Commission ordered reconnection of 557 wells in East Texas after determining some wells were deviated or leases refused inspection. Reconnects apply only to non violating wells, with procedures set for operators to restore production. Affected leases include Nortex Oil and Gas Corp M. Watkins in Rusk County, Key Production R. A. Atkin s in Upshur County, and H L Long Jemina Moore in Gregg County.
MENTIONED IN THIS ARTICLE
Nortex Oil and Gas Corporation
M. Watkins
Rusk County
Key Production Company
R. A. Atkins
Upshur
H. L. Long
Jemina Moore
Gregg County
Avalanche-Journal
Texas Railroad Commission
Olin Culberson
East Texas
Billie Sol Estes
Sion
Railroad Commission
Texas
State Department
Agriculture Department
Department of Interior
Oil and Gas Department
Ain't Democracy
Down with Arabs echoes fire at Texas Railroad Commission
A Lubbock Chronicle review notes heated Texas Railroad Commission hearings over oil theft probes and Arab oil protests. Critics deride anti Arab banners while commissioners press on with September allowables and new well spacing. The piece mocks political hype around oil politics and regulation.
Government to Sustain Rice Export Subsidies Amid World Market Competition
The government says it will continue export subsidies on rice to keep it competitive with lower world prices. The move aims to support domestic rice prices while the market faces international pressure.
MENTIONED IN THIS ARTICLE
Washington
Amerada taps sixth pay zone in Ector field discovery
Amerada Petroleum Corp of Midland reports a new Connell land pay in the Yarborough Allen multi pay field ten miles south of Penwell in Ector County. The well flowed oil from Waddell and Ellenburger zones at 490.86 barrels per day with 41.2 gravity, through a 1 5/8 inch choke after perforating at 10 217 to 10 373 feet. The drill reached 10 633 feet with 4 1/2 inch casing set at 10 411 feet. No total depth yet.
MENTIONED IN THIS ARTICLE
Ector County
Penwell
Amerada Petroleum Corp
Midland
Tripley
Carlinville
National Bank
Connell Land
Yarborough & Allen
Waddell
Ellenburger
Basin Plains rig activity slips from two-month high
Permian Basin shows a drop to 190 rigs this week, down from a 1962 low of 188 on Jan 26. South Plains holds at 118, Lea County NM remains the standout with 37 rigs, NM up to 52 total. County tallies list Lea leading, with Crane, Andrews, and Ector also active. totals cover Basin and South Plains across two weeks.
MENTIONED IN THIS ARTICLE
Permian Basin
South Plains
Lea County
N. M
New Mexico
Lea
Crane
Andrews
Ector
Bordon
Brewster
Cochran
Concho
Crockett
Culberson
Dawson
Dickens
Eddy
Fisher
Gaines
Glasscock
Hockley
Howard
Kent
Lovingte
Lynn
Martin
Menard
Midland
Mitchell
Ward
Winkler
Youkum
Totatls—Basin
Tolale—Plains
IPAA Warns Changes to Depletion Allowance Spark Upheaval
The Independent Petroleum Association of America warns that eliminating depletion provisions would shake the nation’s largest resource industry and clash with accelerated depreciation efforts. IPAA VP Minor S. Jameson Jr notes depletion is ingrained in 36 years of industry finance and that recent Treasury moves to boost depreciation reflect policy aims beyond immediate revenue. He cites Kennedy and Dillon on resources policy guiding tax considerations and industry risk, capital needs, and exploration challenges.
MENTIONED IN THIS ARTICLE
Tulsa
Minor S. Jameson, Jr
Independent Petroleum Association — of America
Treasury
Dillon
Jameson
Kennedy
Colonial Pipeline Threatens Oil Tankers Sparks U.S. Alarm
President of the Shipbuilders Council of America asks federal aid for an economy-class tanker to compete with Colonial Pipeline’s $360 million Gulf to East Coast project. He warns dozens of T-2 tankers could go out of business and mortgage defaults may rise without government backing.
MENTIONED IN THIS ARTICLE
Harry Wilson Sharpe
Washington
UPI
Colonial Pipeline
Gulf
Edwin M. Hood
Shipbuilders Council of America
SCA
Donald W. Alexander
Stip
Colonial
Maritime Administration
Alexander
Council
Sun Oil Co
United States
Siberia
Great Britain
Norway
Atlanta
New York
Atlantic
Virginia
Maine
U. S
Hood
Cranked listings show multiple oil wells across Texas fields
The document lists numerous oil and gas locations across Texas including Crane Dune, Andrews Furhman Masche, and Dawson Welch. It names operators like Texaco, Gulf, and Pan American, with section, township, and range references, production figures, water volumes, and completion status.
MENTIONED IN THIS ARTICLE
Winkler — Wheeler
Pan American Oa& Shell
Rive Estate
South
P Sur
Thom SW
Goldsmith
Kermit
Queen
Gulf
Consolidated
UL Sur
Wtr
Gray
GOR
Andrews
Texaco
V.co. Jones
Yl. Bach
le Owtz
Grav
Walterton
James E. Callaway
University
Fn&wlhs
Ul. Sur
T&p Sur
Elev
Gravi
Dawson — Welch & Tidewater
JF. Stokes
PSL
Phillips Pet
Pal Harper
Tesaco
Apt
Ghgor USA O
Mitchell
Sharon Ridge
Guardian Service Co
A.C. Mills
Hover elected president of Zapata Petroleum Corp
Hover selected as president of Zapata Petroleum Corp effective Sept 1 with William C Liedtke Jr. as chairman of the board. Hugh Liedtke resigns as Zapata president as Roy J Winchester of Calgary named Zapata Canadian vice president and executive committee chair.
MENTIONED IN THIS ARTICLE
Midland
Wooa Hover
William C. Liedtke Jr
Zapata Petroleum Corp
Hugh Liedtke
Zapata
South Penn Onl Ca
Hever
Zanuta Petroleum
Moby Buiing Corp
Af Zapate Pi Am Dian Petroleum Corp
Hover
West Texas
Fred W. Shield
William Liedtke
Liedtke
Lain Named Monsanto Southwest Chief of Exploration
Houston special reports Harry S. Lain named manager of exploration for Monsanto Chemical Co. Southwest region. He will oversee exploration in West Texas Oklahoma Kansas and southern New Mexico from Midland. Melvin H. Vaughn becomes regional geologist overseeing all geological work in the region. Lain has degrees and prior industry ties including UT Austin 1950 and Texaco. Vaughn earned a University of Oklahoma biology? ecology degree 1951 with prior roles at Producers Chemical Service Kerr-McKee Oil before Monsanto.
MENTIONED IN THIS ARTICLE
Houston
Harry S. Lain
Monsanto Chemical Co
Southwest
J. E. Howell
Lain
West
Texas
Oklahoma
Kansas
New Mexico
Midland
Laing
Southwest Region
Melvin H. Vaughn
Vaughn
University of Texas
Phillips Petroleum Co
Mid-States Petroleum Co
Texaco
Jennings Cesden Petroleum Co
Monsanto
University of Oklahoma
Producers Chemical Service
Kerr-McKee Oil Industrial
Also Mentioned on This Page
By Max B. Skelton
API
Alaska
Venezuela
Persian Gulf
Africa
Gulf of Suez
Mexico
Borneo
North Sea
Holland
England
Scotland
Offshore Magazine
International Marine Development of
London
Blue Water Drilling Corp
By Alex Adwan
Upii
Journal
Mid-Continent
East
Gulf Oil Co
Lubbock, Texas
Life With the
ABC
Down With
Hime
Northsworthy No
Edwards
Sec
Elsenburger
Amerada
New Connell
Bass Brothers Enterprises Inc
Perry R. Bass
Winkler County
Public School Land Survey
Wildcat
Lauderdale & Straughan Drilling Company
Abilene and Associates
E. Murr
Fort McKavitt
Gweng Survey
Menard — Hovgerd & Fitzgerald
Abilene
Letha Jacoby
Menard County
Wilhelm Lane
Hope
Hooper & Wade Survey
IPAA
Treasury Department
Russia
House
Merchant Marine
Navy
Defense Department
Sinclair
Socony Mobil
Phillips
Standard of Indiana
Pure and Cities Service
Hagt
West Tenas
Cranke
Dure -Sa
R. H. Siegfried
Tee Nu Q Fevertt & Glass
Dunesa
Seigfried
Averitt & Glass
Harper ¢sAs Texaco
Sw-Odessa
N - Robertson
Gordon Knox & Assoc
Aikman Bros
Fn&els
Texfel Pet. Corp
W&nw
Sur
Martin — Ackerly
Mecrary
Wis
Lamesa
Baxter
Morgan Amit
Stanton
Coyanosa
Delaware
Shaffrath
Psi. Sur
Zapata Firm
H. Lain
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