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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Dec 24, 1967
Page
5
Humble and other oil companies move into coal to supply hydrocarbon raw materials and liquids. Humble has spent 20 million on reserves and research while studying coal’s potential as a liquid fuel and direct energy source.
Atlantic Richfield says Arpet Group’s 49-23-1 well near Leman Bank in the British North Sea produced gas on test at 52.5 million cubic feet per day through a one inch choke. The well is an extension of the Leman Bank area, drilled from the Constellation platform in 110 feet of water, reaching 7 162 feet.
The U S Patent Office granted Pan American Petroleum Corp a patent for a single phase fluid miscible flooding method to recover more domestic crude oil. The process injects a solvent slug to drive oil, then uses water or gas to displace and form a miscible phase in high pressure rock, improving injectivity.
The Texas Railroad Commission reports 82 oil wells completed in the past week raising yearly total to 5 949. Gas wells added 16 this week for a year total of 2 327. A total of 137 holes were plugged including 35 dry wells. Five wildcat oil wells were drilled in five districts, raising the annual count to 437, up 109 from last year. Two wildcat gas wells were drilled in the San Antonio district, lifting the year total to 492, up 12 from a year ago.
El Paso reports record sunshine with days of sun shining streaks. The city notes weeks and months of clear skies as residents celebrate the dry, bright spell in the western Texas locale.
The American Petroleum Institute reports total crude oil runs averaged 10.136 million barrels daily for the week ending December 15, up from 9.996 million the prior week and 9.645 million a year earlier. East of California, crude runs averaged 8.66 million barrels daily, rising from 8.589 million and 8.217 million in comparison weeks. Domestic crude stocks fell 502 thousand barrels, while foreign crude decreased 320 thousand.
The Federal Power Commission authorized El Paso Natural Gas Co to build about 600000 dollars of pipeline facilities in Washington but deferred operating authority pending a gas supply review. The firm also seeks 41 million dollars of facilities to move gas from Wasson County to Shell Oil and Cortexo Corp, and plans 5.5 miles of 16 inch line plus metering stations in Spokane Adams Lincoln and Klickitat counties.
Historical oil field report lists wildcat wells and prospects near Crane, Mentone, Zalpa, and Anpermont. Entries name operators Pan American, Rehice Drilling, and others with lotting details, surveys, and distances, noting runs, depths, and surface sur. Mentions nearby towns and sections with dates and names like Reeves, George, James, and Anderson.
In New Delhi two magistrates were found riding a train without tickets during a surprise check by railway officers. Further inquiry revealed they led a wedding party with no tickets issued for any passenger.
A high speed digital computer governs Humble Oil's Period Rig 44 in Bayou Carline, St. Marys Parish, aiming to cut drilling costs. The system monitors bit life, weight on bit and rotary speed, tests each run, and can trigger bit changes or alarms.
Midland Texas special report quotes Nash J Dowdle president of Texas American Sulphur Co Midland saying no fundamental change in the company, no confirmed sulphur discoveries, and only limited exploration. Negotiations proceed with a large sulphur and oil firm for a potential program on Pecos County land. company has 3500 undeveloped acres and no proven reserves. Shares remain speculative.
Consolidated Production Corp. announced three new board members. Harry C. Johnson of Liberty National Bank and Trust Co. Oklahoma City joins as director. Retrand L. McTeague of Putnam Coffin & Burr-Doolittle in Hartford becomes director. Farnham W. Smith of Lincoln Management Corp. Carlisle Mass. also named to the board.
Occidental Petroleum reports its second straight dry hole free development sequence in West Los Angeles since 1965. The West Pico 16 test flowed 1063 barrels oil and 511000 cf gas daily, with West Pico 15 at 1479 barrels and 460000 cf gas. Dowlen-Federal 9 yielded 1068 barrels oil and 350000 cf gas. A new pipeline and expanded facilities support increased output.
A special fund of 325000 dollars was created at Southern Methodist University to honor retiring Sun Oil Co. senior vice president Lois Pew of Philadelphia and Dallas. Kingsley V. Schroeder presented a volume listing contributors as SMU President Willis Tate attended the ceremony. The fund will endow scholarships for Sun employees and their children at SMU, with selections based on scholarship and financial need and awarded annually.
Cities Service Co. announces a first regional data processing center to be built in Philadelphia with 5 million dollar computer equipment. The network will connect New York Pittsburgh Philadelphia Atlanta and the Princeton Research Center, enabling high speed 18 000 character per minute data transmission and centralized control by Cities Service Oil Co. and subsidiaries. J P Stepher ing oversees eastern data processing and B W Layton is named corporate data processing manager to coordinate eastern to Philadelphia transfers.
Houston AP report shows 56 drilling firms sold 244 rigs in 1967 amid a prolonged slump. Rotary rigs accounted for 204 of the sales as auctioning emerged as the main disposal method throughout eight years of the downturn.
The report catalogs oil well activity and completions across Texas, noting extensive rotary rig sales and a shift in industry health. It highlights record rotary rig auctions in 1967, fluctuating yearly totals, and Stevenson remarks urging careful exit of weak contractors to sustain the industry’s future.
Dr Frederic de Hoffmann has been elected vice president of Gulf Oil Corp announced by E D Brockett chairman of the board. A Harvard educated physicist and former Los Alamos staffer he leads Gulf's nuclear energy developments and serves as president of Gulf General Atomic Co. He has directed high temperature gas cooled reactor work and helped establish nuclear centers in multiple countries.
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