West Lea wildcat yields oil in Bone Springs test
Texas exploration by Paso Natural Gas Co reports No. 1 Lusk Deep Unit wildcat in west Lea County New Mexico with oil flow of 21 barrels per hour for 2 hours 5 minutes and gas rise in 3 hours 45 minutes at 8 7 5 7 8 8 2 5 feet through a in choke. Gravity is 40 degrees.
MENTIONED IN THIS ARTICLE
Tl Paso Natural Gas Co
Bone Springs
Lusk
West Lea County
N.M
Wildcat
Revere Mat Mil
Ohio Oil Co
Mallamar
Abo
Eddy County
Texas
Young Oil Man Declares Bankruptcy After $800000 Loss
Ken Juckian 23 from Louisville testified before Referrmore Whitehurst in a federal bankruptcy court. He admitted turning $2.00 savings into an $800,000 debt in two years, forming Williams Petroleum Co Inc and two other firms, funded by loans from up to 300 people. A default judgment followed his failure to answer an involuntary petition by creditors.
MENTIONED IN THIS ARTICLE
Williams Petroleum Co. Inc
H. Keith Williams
Louisville Furniture
Oil Rig Totals Rise in West Texas Regions
In the Permian Basin and South Plains areas rotary rigs increased this week from 122 to 131 active units. Lea County New Mexico led with 24 rigs, surpassing Andrews and Eddy counties, while Pecos held fourth despite a loss.
MENTIONED IN THIS ARTICLE
Permian Basin
South Plains
Crude Stocks Dip To Ten Year Low
Washington AP The Bureau of Mines reports domestic and foreign crude petroleum stocks total 238 673 000 barrels as of Aug 13 the lowest since Feb 24 1961 and down 2 444 300 barrels for the week Domestic crude fell 2 703 000 barrels while foreign crude rose 219 000. Daily output averaged 6 834 000 barrels with 81 000 more runs to stills.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Mines
North Louisiana
Gulf Coast Louisiana
New Mexico
Oklahoma
East Texas
West Texas
Gulf Texas
Other Texas
1961 Push for Natural Gas Bill in Planning Stage
Washington AP reports Rep. Frank Ikard and Rep. Walter Rogers of Texas plan new natural gas bills in 1961 to seek exemption from federal price regulation. They hope House action could influence Senate consideration, with past vetoes by Truman and Eisenhower noted and a future administration viewed as potentially sympathetic.
MENTIONED IN THIS ARTICLE
Washington
Frank Ikard
D-Tex
Congress
Walter Rogers
House
Senate
Supreme Court
Federal Power Commission
Truman
Eisenhower
Ikard
Rogers
Fragmentary notes on Dry Holes and nearby localities
Fragmented OCR mentions Dry Holes Sutton Corret Wayne Black Ye in P Wieck with numbers 500 and 680 inches. References to NARY-Ween O41 Co Moses and wildcat, 4 miles east of Hermieign Kent Crome Coste Petr Core. Mentions Jayton area with 4 6350 inches and Be Wate sur. Likely obsolete land or mineral notations with uncertain details.
MENTIONED IN THIS ARTICLE
Sutton
Corret
Wayne
Black Ye
P. Wieck
Wile
Moses
Wildcat
Hermieign
Kent Crome
Coste
Petr
Core
Walace
Mession
Jayton
Johnson Tagged Turnabout On Oil Depletion
Houston AP report says Lyndon Johnson shifted on oil depletion allowances, accepting the Democratic platform while Republican John Martin accuses him of repudiating his state. Martin spoke to the Downtown Republicans Club, noting Johnson defended the depletion allowance on the Senate floor. The platforms differ over tax loopholes, with Republicans backing reasonable depletion allowances.
MENTIONED IN THIS ARTICLE
Houston
Lyndon’ Johnson
John Martin
Martin
Republicans Club
Johnson
Senate
Geologist Heads Timor Operation for Tradewinds
Denver based Tradewinds Explora tion Inc vice president and chief geologist Wayne Granger departs for Timor to oversee joint U S Australian drilling program. He will confer in Sydney with Timor Oil Ltd officials before joining teams at Matai village for the first 1969 test well planned around Sept 1 Timor concession covers 4000 square miles with Tradewinds holding 45 percent and Timor Oil Ltd 50 percent.
MENTIONED IN THIS ARTICLE
Denver
Wayne Granger
Tradewinds Exploraion, Inc
Sunset International Fet., Corp
San Francisco
Portuguese Timor
East Indies
U. S
Granger
Sydney
Australia
Moth
Tumor Oil, Ltd
Timor
Darwin
Tradewinds
Timor Oil Ltd
Sind
Matai
Timor Onl Ltd
Portugal
Ossulari
Phillips Petroleum promotes Anderson to assistant superintendent
L N Anderson promoted to assistant superintendent of the western district in the natural gasoline department of Phillips Petroleum Co. headquartered in Odessa He joined the company in 1941 is a University of Nebraska graduate and previously worked on a special assignment at Bartlesville Oklahoma MD Gish remains assistant superintendent.
MENTIONED IN THIS ARTICLE
Phillips Petroleum Co
L. N. Anderson
Odessa
Anderson
Philips
University of Nebraska
Bartlesville
Okia
Britain Recognizes Lao Regime as Legal Government
The London Foreign Office said Britain recognizes the Laotian government under Prince Souvanna Phouma as the legal authorities of the country. Ambassador John Addis has begun official dealings with the Vientiane regime amid the Laotian crisis.
MENTIONED IN THIS ARTICLE
London
Britain
Souvana Phouma
Foreign Office
John Addis
Vientiane
Basin region mining notes with scattered oil shale terms
Fragmented OCR shows references to basins in the North Basin area with mentions of shale, lime, bedrock and drilling terms. Names and exact places are unclear, but talks include Pan American, Texaco shale, and Well sections with numbers and federal mentions.
MENTIONED IN THIS ARTICLE
North Basin
Garia — Karrher
Wheatis
Selylenkin
Terry
Gibson Sur
Amerida
Bedford
Westy
Pan American
Texaco
Shale
Roont-Velt—Shell
Hart ‘Condon
Bae Seting
Scurry District Moves to Drill San Andres Wildcat Wells
Northwest Scurry County Texas sees multiple oil tests as Texaco Inc funds No 18 M A Fuller in the Rough Creek San Andres field while Yoakum Cherry Brothers plan No 2 Argo west of Brahaney pool and GARZA General American Oil advances No 164 Miller in Gordon Simpson Strawn field with 8 350 feet depth. Southern Union Gas targets No 4 A Koonsman near Justiceberg with 8 200 feet depth.
MENTIONED IN THIS ARTICLE
Scurry County
Texaco Inc
M. A. Fuller
San Andres
H&tc
Cherry Brothers
Lubbock
Brahaney
Youle Co County
Milesouth
J. H. Gibson
GARZA
General American Oil
Southern Union Gas Co
Dallas
Koonsman
Cain (Strawn
Garza County
Justiceberg
T&no
Marketers To Ballot On Depletion Issue
Houston based National Congress of Petroleum Retailers plans a mail ballot after a study committee review of the 27.5 percent oil depletion allowance. The group considers oversupply and price wars while debating wage provisions and Sunday closing ads for drivers and the public.
MENTIONED IN THIS ARTICLE
Houston
UPI
National Congress of Petroleum Retailers
NCPR
Kennedy - Morse
Pecos Gas Pool Draws Outposts
Gulf Oil Corp. stakes two outposts to the Belding Yates gas field in Pecos County. The No. 1 Pauline Perry and others State lie near the field with locations described as near 1 1/2 miles west of production and 1 1/2 to 2 miles east of Belding. Both projects target 3 200 feet.
MENTIONED IN THIS ARTICLE
Gulf Oil Corp
Belding Yates
Pecos County
Pauline Perry
Yarmile
Belding
T&p
Perry
Beldinz
T&p Survey
Experts Say Depletion Allowance Needed To Meet 1975 Oil Demands
Geologists stress the need to maintain a 27.5 percent depletion deduction to support growing oil demand. Industry sources warn cutting the allowance would reduce capital, drilling, and future supply, risking higher prices for homes and industry.
Gulf Oil shifts marketing tasks to Houston operations
Gulf Oil Corp reorganizes to push day to day decision making to field level, transferring the marketing department serving 36,000 U.S. service stations from Pittsburgh to Houston. Foreign operations stay under London Fort Lauderdale and Caracas offices with a Pittsburgh policy staff. President Whiteford notes the change aims to empower managers rather than constrain them.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Houston
Gulf Oil Corp
United States
Gulf
Pittsburgh
London
Fort Lauderdale
Fla
Caracas
Venezuela
William Whiteford
Lease Damage Suit Filed In San Antonio
A pair of civil actions filed in US District Court claim Brazos Oil & Gas Co. leased 199 and 370 acre tracts in 1955 and has continued land possession beyond the five year term. Plaintiffs Yanta of Karnes County and Earl W. Wells of Hidalgo County seek release of the land and damages of 100000 in one suit and 15205 in the other.
MENTIONED IN THIS ARTICLE
SAN Antonio
Brazos Oil & Gas Co
Yanta
Karnes County
Earl W. Wells
Hidalgo County
Offshore Rigs and Wells Growing Costly and Important
Offshore oil operations in states like Louisiana and California are rising in cost and significance. Shell Oil notes offshore Louisiana production is about six times higher than in 1953, with 1959 offshore output making up about 15 percent of its Louisiana production. Costs include high drilling outlays, lease bonuses, crew boat rentals, and heavy platform equipment, plus demanding seven on seven off work schedules for crews.
MENTIONED IN THIS ARTICLE
Vy Mac Sebree A
Okla
UPL
Louisiana
California
Shell Oil Co
Shell
U.S
Gulf
San Antonio
Tex
Sun Oil names head staff geologist in Philadelphia office
Dr. Richard C. Weart, on assignment in Paris, is named head staff geologist for Sun Oil Co. Foreign Operations Department in Philadelphia, succeeding the late Herbert J. Weeks. Thomas F. Ritter, moved from Bolivia to the Philadelphia office in January, is named assistant head staff geologist.
MENTIONED IN THIS ARTICLE
Richard C. Weart
Paris
France
Sun Oil Co
Philadelphia
Herbert J. Weeks
Thomas F. Ritter
Bolivia
Te- Stauffer
San
Survey Shows Geology Leads in Locating Oil Wildcats
A Gulf Oil study by B W Blanpied analyzes 196? to 1969 drilling. geology located 61 percent of U S wildcats, up from 30 percent in 1948-50, with geology alone yielding rising success rates. Geophysics declined as a locating method, though both methods combined remain essential amid rising costs.
MENTIONED IN THIS ARTICLE
B. W. Blanpied
Gulf Oil Corp
AAPG
U.S
Blanpied
FPC to mull who gets first call on gas
FPC examiner Francis Hall rejected Mississippi River Fuel Corp claim that a 1942 clause lets it serve only profitable industrial buyers. He ruled the company must serve public customers like Red Bud, Illinois, and warned it may curtail industrial sales if needed.
MENTIONED IN THIS ARTICLE
FPC
Mull
Harry Wilson Sharpe Washington
UPL
Federal Power Commission
Francis Hall
Mississippi River Fuel Corp
St Louis
Hall
Mississipp
Congress
Missionlppt
Comiermission
Mississippi
Red Bud
Free Permian Basin Oil Field Map Offered
Midland Chamber of Commerce announces free distribution of the revised Permian Basin map showing West Texas and Southeast New Mexico oil fields. R. R. McCarty chairs the Petroleum Committee and notes over 300 000 copies have been distributed since 1928.
MENTIONED IN THIS ARTICLE
Permian
West
Texas
New Mexico
Midland Chamber of Commerce
R. R. McCarty
Petileum
Stanley More
Permian Basin
Request. of Commerce
P. C
Midland
Also Mentioned on This Page
ABC
West Lea
Williams
Loco Hills
Empire
Abe
Sinclair
GB Turner
Little Lucky Lake
Chaves County
Kinehan Federal
Maljamar
Nore Antrews
Corr
Crockett Fever
Gatees
Glerscock Meckiey
Seward
Toving Tani Midland
Rearan Reeves
Eoserort
Ronmels
Cher Seerry
Bionewall
Baren Ferrell
Tory
Tom Green
Aston van Verde
Yeatem
Pratne In Ie
Phillips
MD Gish
Borden — Arthur
Moraberns
Ambayador Ou Orp
Root Shortes
Levelland
Stanton Oil Co Ltd
Joe le Stanton
Armstrong
Storion
Wavelland Blanton Oil “Co
Gestab
Armatrong Cok
Orion
Armatrong Csl
Wohertson
Robertsom
Toston
Robertson
Shidlands
Srewia
Bik Wanw Wuld
Forsar
Eilenburger Continental
Pera
Scurry
Pecos
Lubbock, Texas
L Kalb
Avalanche-journal
Asio
Institution of Higher Learning
Henry J. Becktold
New York
UPD
Democratic Party
Sun Names
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