1961 Capital Expenditures Drop Fourth Straight Year
Capital expenditures in 1961 fell for the fourth straight year amid lower crude runs and reduced refinery capacity. The report notes daily crude processing figures around 2.98 billion barrels annually and an industry investment outlook, with the 1960 record severity and 80 percent capacity utilization cited. Domestic refiners reported totals near 1.719 billion barrels, with ongoing uncertainty about future accumulations and capacity.
MENTIONED IN THIS ARTICLE
Houston
Simes
Market movements stall after wartime refinery shift
Markets show reduced refining capacity on the year end as output trends falter. Analysts note a drop in production and a slow recovery path following wartime highs, with industry players reassessing capacity and demand dynamics amidst ongoing economic adjustments.
Oil industry setbacks and new wildcat drills in Texas
The report notes declines in all refining and marketing sectors with capital expenditures rising to about 80 million in transportation. In Texas, Ellinburger wildcat drills are planned near Fluvanna and Strawn areas, with tests from Ellenburger and Strawn formations, while the No 1 Griffis and No 1 Fannye Lovelady wells are slated in Jeff Davis County, targeting Ellenburger structures. Names include Sinclair, Vinent, Rank Wildcat, and Sunray Midcon Vinent Co. Local counties mentioned include Garza, Jeff Davis, and Fluvanna, with distances and footprints referenced for planned rigs.
MENTIONED IN THIS ARTICLE
Ensportatian
An van Petroleum Snssinians
Garza County
Fhivannn
Fluvanna ¢Ellenburger
Strawn
Fe AK
Tin
HRGN
Elenburger Dry Hole
Rank
Wildcat
JEFF VAVIS—Sunray Midcon- Vinent_ OL Co
Sinclair, Oil and Gas Co
Jeff Davis County
Garza Draws New Ellenburger Test Near Crane
In Eddy County New Mexico the Ellenburger exploration by Garza fields drills No 1 ST Chier McElroy one mile east of Crane to 12 200 feet total depth for a graphic test amid surrounding McElroy production. Nearby Second producer No 2 Simmons Federal southwest offset completed flowing 58 barrels daily from 161 inch choke after fracturing with 53500 gallons. Two more wells in Martin County Texas Spraberry Trend report Cross and Associates and Lone Star Producing Co. drilling and producing, with depths and perforation data noted.
MENTIONED IN THIS ARTICLE
McElroy
Ccsd&rgng Survey
Enfirmer
Gauxed Lean
Jack L. McClellan
Roswell
Simmons Federal
Southwest Offset
Eddy County
New Mexico
San Andres
Martin
Martin County
Spraberry
Cross “and Associates of
Midland
Campbell
Stanton
Sts
Stinton Lone Star Producing Co
Garner McAdams
Spraberis
Martin — Cuestroleum Co
Mobile Republic Purchase Final
Split text details a corporate purchase involving multiple entities including Mobile Republic, 1 Gas Co, Albania Gas Corp, East Wall, Long Paint Corp, Ob Corp, and Og Co. It notes stockholder approval and asset sales with ownership and operation conditions, but the fragmented OCR obscures full facts and dates.
MENTIONED IN THIS ARTICLE
del Abe He Company
Re- 1 Gas Co
Bt Og Co
Albania Gas Corp
East Wall Po
Long Paint Corp
Ob Corp
East Wall
Ies
Mobilail Co
Canada St Palace
Sonae
Gulf Names New Refinery Chief
Gulf names new refinery chief with duties reassigned to oversee operations. Lot A manager Adephos refinery ed weneral 1 for Peressy, e president, hay been ase ve duties, He style headquartered.
MENTIONED IN THIS ARTICLE
Gulf
Adephos
Weneral
Peressy
Hay
Sinmal Promotes Midland Man Sinmal Promotes Midland Man
Sinmal names Ormand as head of Cardinal Chemical in a Midland area leadership move. The promotion elevates a Midland executive to lead Cardinal Chemical's regional operations.
MENTIONED IN THIS ARTICLE
Sinmal
Five Oil Strikes Reported By Wildcatters
The article notes multiple oil finds in the past week with several gas wells and new production sites across districts including Falls, San Angelo, and Odessa. It mentions comparisons to prior totals, regional activity, and notes the influence of recent drilling on local output.
MENTIONED IN THIS ARTICLE
Town Railroad Commission
Waldeat Ck
Ta Falls
San Angel
OCAW Sued For Striking In Court Dispute
The union and Sinclair faced a legal clash over a strike and alleged breach of pledge. The case involved $1200 in damages and sought an injunction. Appeals to higher courts questioned the authority of union actions and the scope of individual employee claims in the Sinclair Chicago refinery dispute.
MENTIONED IN THIS ARTICLE
Caton
Weal
Nos Juste
Sventh US
Cir
Fenersheres
Court of Appeals
Ition
Supreme Court
Ultinate de Sinclair
Signuheant Landaiard
Styques
Winter Managenent Relator
Artley
Sinclair
Vicanees
Chicago, Ind
Sun Promotions in Gulf Coast Area and Court Appeal
Sun GH Cos promotes D Rauph ivision administrative assistant to division Mannement in Beausont effective January 1962. Byron Wiess Jr will replace Braugh as division superintendent. Other changes include Kenneth E Montague promoted to engineering counsellor. Also mentions appeal to Supreme Court on arbitration of strikes and management labor relations.
MENTIONED IN THIS ARTICLE
Kenneth E. Montague Peurleun
Supreme Court
Gatun
Denton
Boon
Logging trailer 1962 forecasts from oil analysts
A San Antonio era West Texas focus piece predicts 1962 will resemble 1961 for oil and gas. Crude demand rises slowly, production expands in Permian and Delaware basins, but crude prices and refinery capacity temper gains. Drilling activity and crew availability face cost pressures and policy uncertainties.
MENTIONED IN THIS ARTICLE
Bill Kalb
Avalanche-Journal
South Plains
New Mexico
Alex Adwan
Tulsa
Okla
UPI
Cony Mobil
U.S. Bureau of Mines
Dallas
West Texas
Mobil World
Gulf Coast
Yearcom
Palo Duro
Panhandie
Anadarkes Basin
Sufit
Dribeg
Horace Greely
Philippines
Uiat
Compass Won't Work Mobil Builds Magnetic Free Room
Scientists describe a magnetic free chamber lined with Mumetal intended to study magnetism in underground formations. The room, prefabricated with screw holes, aids field testing and may reveal how sound waves interact with magnetometer readings amid Gulf Oil and Humble Oil explorations.
MENTIONED IN THIS ARTICLE
Bob J. Patton
J. L. Fitch
William C. Skinner
Gulf Oil Corp
Humble Oil
Basin Rigs Begin 62 On Low Note
Basin Rigs Begin 62 on a low note as Rotary rig activity starts 1962 in Permian Basin South Plains, Reed Roller Bit Co weekly survey shows total basin activity 230, down from 243. South Plains 124 rigs, New Mexico share 53, Lew County N M leads with 43, Crane 17, Andrews 12, Pecos and Winkler with small counts. county-by-county tally follows with Dec 29 and 2 figures.
MENTIONED IN THIS ARTICLE
Permian Basin
South Plains
Reed Roller Bit. Co
New Mexico
Lew County
N. M
Crane
Andrews
Pecos
Winkler
Morten
Gam
Coenen
aNand
Crowley
Dawson
IPAA Chief Blames Oil Indecision on Government Delays
1961 IPAA leader condemns oil industry indecision and government inaction. He argues federal action on import controls and economic policy is needed to stabilize domestic petroleum, urging quicker decisions to secure a stronger future for independent producers and the US economy.
MENTIONED IN THIS ARTICLE
Eassine
Vins
IPAA
Oil boom drives demand and push against limits
Amid a rush to revive oil production, industry figures like Minion and Alkouun Brothers push for expansive drills and pipelines. Analysts warn demands strain infrastructure as hundreds of businesses rally to meet energy needs while markets price volatility and environmental concerns persist.
Cautious Optimism in Oil Sector Ahead of 1962 Battles
Houston AP report details cautious optimism as oil industry leaders anticipate tighter price competition and new sales philosophies in 1962. Analysts note a world oil surplus since 1957, modest domestic demand gains, and limited production growth with idle capacity above 3 million bpd. Industry shifts include research into new petroleum uses and restructuring price structures amid anticipated congressional debates on price controls and tax allowances.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Pe- Houston
Petroleum Institute
M. J.” Rathbone
JAPT
Rathbone
Washington
Frank Tkard
Wichita Falls
Tex
Congress
API
Economies Seen In New Federal Crude Reporting
Dallas report notes the new federal crude oil reporting system, effective Jan 1, will save the petroleum industry about 5.9 million dollars annually. Texas Mid-Continent Oil and Gas Association officials praise the changes for simplifying records, eliminating daily gauges on many leases, and shifting to monthly gauges. The measure aims to strengthen Connally Hot Oil Act administration and ease compliance for transporters, shippers, and pipelines while permitting automatic disposal of records over five years old with board notification.
MENTIONED IN THIS ARTICLE
Dallas
Jes EB. Simons
Texas Mid-Continent Oil & Gas Assn
Association
Messen
Tim Macal
Daes
Conoco Buys Oklahoma Wells
Conoco Inc acquires oil producing properties in Kingfisher county Oklahoma from Jones & Pellow Oil Co and Whitehall Oil Co. The wells, located northwest of Omitahola City in East Hennessey and North Dover fields, were operated by York & Pellow Co. and averaged about 2 100 sq of oil daily. Conoco will operate from its Oklahoma City central region. sale effective January 1, 196.
MENTIONED IN THIS ARTICLE
Houston
Pachase
Continental Oil Co
Poppy Oil
Dallas
Kingfisher County
Oklahoma
J. F. McCollum
Continental
Es Seth
Oitahola City
Hennessey
North Dover Fields
Yer & Pe Co
Ombati
Nocor Promotes Two Executives in Odessa Based Firm
Nocor Chemical Inc announces two executive promotions effective January 1. D. McLaughlin becomes general manager after serving as sales manager, while D. Te Vantever moves from assistant sales manager to sales manager. Both firms are Odessa based with headquarters in Odessa and the announcement comes from A A Townsend, director. McLaughlin, THY graduate of the University of Oklahoma, has held roles from treating engineer to engineering director during his five years with Cardinal Chemical, an affiliate of Facus, before joining Nocor as sales manager last April.
MENTIONED IN THIS ARTICLE
Odessa
Tess
Cardinal
Nocor
Also Mentioned on This Page
Fade Conti
Petrole
Mallard
Garza
Ellenburger
T&p
Mobile Republic
Sun Oil
Ormand
Cardinal Chemical
Wildcatters
Via Bs
Sein Dieta Ve
Senso
Ebatere
Harry Wilson
Anak Shington Uewn
OCAW
Stieho
Latawadas
Annie
Pat
Marthe Baten
Sun
Gulf Coast Area
McFarland
Mobil
Bis
Humble
Will
Prac
New Day
Carly
Hits Oil
San Antasio
Kane
Detroleum Association de
Erpatts Heal
Haye Setumion
Cnt
Sears
LSP
Alkoun Brothers
Minion
Ian
Toten
Mallard Petrineum
the Minlands
F. Vaget
Brown
Conte Puting
Tatiana St
Tiet Heek
Peter An
Su Lee Costa
Coren
Cox
Tate
Rai
Psaltis
Coke
Clark Pitting
Nanduakys
Td Ste Toe
Bsnao
Pheeden
Conoco
Oklahoma Wells
New York
WPD
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