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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Aug 25, 1963
Page
4
Industry officials report a sharp drop in drilling rigs with weekly averages sliding from peak levels. Long range forecasts predict only gradual increases as several rigs are abandoned sold or reclaimed by creditors.
C A Cash president of Sham fete and Gas Corp Amarillo Texas will be a featured speaker at the Annual Convention of the New Mexico Petroleum Industries Association. He is set to address the first general session Monday afternoon September 8 with attendees from New Mexico and neighboring firms expected in attendance.
Yale researcher Elwyn J. Simons argues that the orangutan-like creature Leptirpt and other ancient insect eaters may be early human ancestors, with teeth, eye placement, and grasping hands influencing brain growth and the shift from primates to man. The team notes the ideas remain tentative as evidence is incomplete.
UPI report notes bottled letters afloat as part of a survey on economic pressure from Soviet oil. The piece cites Soviet production targets and Western concerns over oil prices, market control, and the potential shift of nations toward Moscow's supplies. It references Tass reports and U.S. reactions as Congress studies the Soviet oil offensive's impact on Western markets.
Fragmented OCR report shows increasing rig counts across the Permian Basin with mentions of Texas and New Mexico regions. Names and numbers are unclear, but the piece notes a rise in activity and references gains in Gaines County and surrounding areas.
The Blind Bogey Golf Tournament, sponsored by the South Plains Chapter, is scheduled for September 7 in Brownfield. Entry contact is C G Griffin at P O Box P&T Brownfield 637-3656. The chapter offers four $500 scholarships and seeks prize donations from local businesses.
A disputed broadcast from New York cites a former British premier warning of looming destruction tied to regional oil and shipping tensions. The report mentions planned weekend actions, Soviet bloc cooperation, and a hydrographic project affecting Atlantic routes near Gaza, with oil industry figures and geodetic surveys cited as context.
Conservation Commissioner James Gill announced Louisiana's daily oil production allowable for the September October period at 1 247 175 barrels a day a reduction of 44 392 barrels per day from the prior limit the decision was made in Baton Rouge and reflects curtailment to manage supply.
Gov John Connally plans a September 9 Austin speech to launch a two month campaign urging an affirmative vote on a constitutional amendment to abolish the poll tax. The drive follows last December’s oil production cut and targets support across Texas.
Sun Oil Co completed a lower Holtseas distillate discovery in Winkler County near Kermit at No 248 St Halley. The well shows gas production from the upper Yates sand with a potential 2 130 009 cubic feet daily, plus distillate shows in the lower Pennsylvanian section. Other nearby plays include Yates Holt and lower Clear Fork zones as fields expand in the area.
Prospector reports a 1,030 foot offset from south and 60 feet from cast ines of Tract 98 in Bristoe CSL survey as Pan American Petroleum plans a Devonian wildcat near Devonian production in Breedlove area. The well aims for 19,000 feet with early shows and acid treatment, with multiple offsets and field references across Martin, Gaines, Davison, and surrounding surveys.
The Independent Petroleum Association of America urges President Kennedy to curb Defense Department oil buying as annual US purchases reach about 40 million dollars. IPAA argues domestic production would better support the economy and lessen the trade deficit, while defense needs and foreign policy links keep the issue contentious.
The piece examines a $10 transfer fee charged by Permian Basin crude oil pipeline firm Permian Corp for title transfers. Critics say the charge shifts costs to royalty owners and could surge if other pipelines adopt similar practices, threatening independent producers and royalty dealers.
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