World Oil Outlook Warns of More Drilling in 1972
World Oil predicts 26 559 new US wells this year reversing a seven year decline and 3 6 million feet of footage up 2 38 percent from last year. Canada and other Free World areas also show higher well counts and footage with 2 191 US wells and 12 090 570 feet of oil.
MENTIONED IN THIS ARTICLE
World Oil
United States
Olga
Pew
Petroleum Magazine
Hale
Canada
Free World
Magasine
Oil finds in Gaines and Kent counties drive Texas drilling
Oil editor Ray Westbrook reports Gaines County Wolfcamp discovery in Champlin No. 1 C&K Petroleum with 467 barrels daily from 9,838 to 9,858 feet, plus Canyon pool reentry by Amoco in Kent County yielding 122 barrels daily from 6,609 to 6,640 feet. Unidentified Pennsylvanian formation tapped in King County Big M Strawn reef field, and test at No. 1 C. F. Kinney in Gaines County shows oil at 11,292 to 11,297 feet with rising production after acid treatment.
MENTIONED IN THIS ARTICLE
South Plains
Gaines County
Kent County
Gaines
Champlin
C&k Petroleum
Seminole
Wolfcamp
Bale
San Andres
Glorieta
Spraberry
Dean
Atoka
Westbrook
Amoco Production Co
Sms Pool
Clairemont
King County
Taubert, Steed, Gunn & Medders
No. 1
Guthrie
Big M
Strawn Reef
Pay
Black T. T. A. Thompson Survey
F. Kinney
H. L. Brown, Jr
Midland
La 1
League 202
Terry County Schoal Land Survey
Oil Supplies May Be Tight In 1972
Tulsa special report says US crude oil supplies will be tight in 1972 with days of supply at 21.8 by February end. Journal predicts just enough crude with no import boost, driven by demand and shrinking productive capacity in Texas and Louisiana. Imports rising to meet demand, but spare capacity in core states remains limited and uncertain.
MENTIONED IN THIS ARTICLE
Tulsa
United States
Oil and Gas Journal
Bureau of Mines
U.S
Texas
Louisiana
Nixon
0.S
Interstate Pollution Control Hindered by Federal Intrusion
A National Petroleum Council study on interstate compacts finds little enthusiasm for multistate pollution efforts. Although Congress and federal acts authorize compacts, cumbersome processes and federal intrusion slow adoption. Only a few regional air and water compacts exist despite potential multistate benefits.
MENTIONED IN THIS ARTICLE
Nouston
National Petroleum Council
Interior Department
Congress
Interstate Oil Compact Commission
New York
New Jersey
Interstate Sanitation Commission
Leach
U. S. House
Senate
Council
Oil Runs Rise as Weekly Totals Climb
Washington AP reports total crude oil runs averaged 13 132 000 barrels daily for the week, up from 11 064 000 a week earlier and 11 802 000 a year ago. California crude averaged 9 264 000 barrels daily, higher than the prior week and year ago. Gasoline production reached 43 009 000 barrels for the week, with California output at 36 418 000. Total stocks end of week totaled 262 787 000 barrels, with East of California gasoline at 214 155 000 barrels, up from the prior week. Daily crude and lease condensate production averaged 9 305 000 barrels for the week, and four-week average 3 373 000 barrels per day. Stocks by district show varied changes across Appalachia, Lima-Mitts, Gulf Coast, and Alaska with notable increases in several regions.
MENTIONED IN THIS ARTICLE
Washington
Sail
Californa
California
Lima-Michigan
Indiana
Kansas
Nebraska-N. Dakota
Mississippi
Ala
East Texas
Gulf Coast
Louisiana
New Mexico
Wyoming
Alaska
Inc
Two Wounded In Altercation At East Lubbock Lounge
Police identified two men wounded in an early Saturday shoot-out at an east Lubbock lounge. Jimmy Lee Moore 18 of 1001 David St and Milton Jones 30 of 2723 E 2nd Place were involved. Moore remained in serious condition in Methodist Hospital ICU. Jones was treated at West Texas Hospital and released. A third man was believed involved.
MENTIONED IN THIS ARTICLE
East Lubbock
Jimmy Lee Moore
David St
Milton Jones
Moore
Methodist Hospital
Jones
West Texas Hospital
Petroleum Council Plans Refining Capacity Study
The National Petroleum Council agreed to a new study on the U S refining capacity at the Interior Department's request. The survey will assess economic technological and environmental factors affecting domestic refining and how broader petroleum supply issues influence growth and capability. Interior officials will work with NPC to outline the study scope.
MENTIONED IN THIS ARTICLE
Washington, D.C
National Petroleum Council
Secretary of the Interior
United States
Department of the Interior
Hollis M. Dole
Mineral Resources
Interior Department
NPC
Gas discovery reported in San Jacinto County well test
Continental Oil Ltd disclosed completion of a natural gas discovery in San Jacinto County about 150 miles northeast of Conroe. The No 1 Conoco Gibbs Brothers well tested at 2.1 million cu ft of gas daily with 185 barrels of condensate and trace water, from Wilcox formation. Calculated flow 4.4 million cu ft daily. Drilled on a 4600 acre lease, Seven miles southwest of Cold Spring field, partnership holds 100 percent.
MENTIONED IN THIS ARTICLE
Wilcox Geologie
Cold Springs
Options Considered Congress Searching For Solution To Oil Demand
Congress faces a choice between expanding domestic petroleum supplies and reduce imports or continue reliance on foreign oil. Economists warn that long term energy security hinges on sustained exploration and price incentives, while excessive short term imports may raise future costs.
MENTIONED IN THIS ARTICLE
Congress
Guy A. Goodine
Tulsa
Okla
UPI
Nixon
United States
U.S
Richard J. Gonzalez
Houston
Natural Gas Ag
Walter J. Levy
Also Mentioned on This Page
Lamb County
BTA
Clear Fork
Littlefield
Anton, West
Ray Westbrook
Gordon Bankston
Lubbock, Texas
Petroleum Council
Union, West
Little Producers
Teague
State Capitol Lands Sur
Labor
Vey
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