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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
Jan 04, 1970
Page
6
AP correspondent outlines Libyan oil developments in the 1960s and compares them with Arctic Slope trends, suggesting the decade could mark a turning point in the Libyan petroleum industry.
Five North Slope oil companies weigh a submarine tanker to shuttle crude under Arctic ice to the East Coast. A test voyage by ice breaking tankers cost about 1 per barrel. a six-sub fleet could carry 13 million barrels each in about two weeks. Critics warn 4 40 years to build and high costs.
Capline transporting US crude from Louisiana to Chicago area refineries plans for larger capacity as Canadian crude eyed by five refiners. November throughput hit 383 009 barrels per day with future runs expected in the 350 000–360 000 bpd range, well below the line’s ultimate 11 million bpd target. Officials cite imports, tariffs, and quotas as key factors shaping Capline’s growth and feasibility.
The Independent Petroleum Monthly reports stripper wells produced 15 percent of crude in 1968, totaling 485.16 million barrels, down 14.4 million from 1967. Texas holds about a quarter of wells, Oklahoma shows slight output rise, and overall abandonments rose to 20,496.
Fragment lists names like CORFE Champion and Aregory No and mentions companies such as HOCKLEY International Nuclear Corp. and Halsell Foundation. Includes scattered place references 34 miles NE of Wertra and 2 miles W of Earth Runseis Dijon Gil Co. Not enough coherent facts to identify a single event or notice.
The Union OW Co announced a third offshore drilling platform to be built off the Santa Barbara coastline. The site has faced oil pollution incidents twice this year, drawing criticism from local groups and officials. Industrial issues and safety concerns are central to the debate over the new installation.
Nteol promoted from fracycer to vice president Data Processing Division by Petty Geophysical Engineering Co Board. Scott Petty Jr says move honors Nical’s contributions and supports future growth as the firm runs a large data center with two compiler platforms and extensive peripherals amid offshore oil lease disputes and environmental concerns.
Oil firms expand exploration beyond traditional regions as Standard Oil of California notes crude and natural gas reserves shift globally. Miller cites 40 billion barrels of free world crude, with 80 percent in the Middle East and North Africa, urging intensified development in the United States and other areas. Continental Oil Co plans offshore India and Equatorial Guinea drilling as part of broader international efforts.
The Oil and Gas Journal notes the sixties offshore surge from the Gulf of Mexico to the North Sea and Alaska. Discoveries in Australia, Egypt, Algeria, Colombia, Nigeria, and Trucial Coast states shifted supply patterns, with Libya emerging as a major producer and North Sea discoveries promising a seventies supply renaissance.
Texas Railroad Commission reports six scattered wildcat oil wells drilled in the past week with nine wildcat gas wells, including seven in the Corpus Christi District and single wells in San Antonio Mist Midland Athlone and No 1 and 2 San Antonio districts. In 1969 oil well completions rose to 5 043 while gas well completions reached 2 310 with 174 wells plugged in the final week.
Humble Oil & Refining Co announces J. C. Wilbourn named advertising manager effective immediately. He succeeds Malloonee who retires after 35 years. Mallonee had been Advertising manager since July 1968 and previously led resale and consumer business.
The Oil Shale Corporation president Hein I Koolsbergen lauds federal tax reform expanding the 10 percent depletion allowance to shale oil. He says this change improves competitiveness of petroleum from shale and supports broader energy development. TOSCO plans to advance production using its shale holdings and joint ventures with Atlantic Richfield Sabin Petroleum and Cleveland-Cliffs.
A long OCR fragment lists locations and completions across multiple Texas counties including Andrews Ector and San Andres. It mentions wells, fields, and facilities such as Kennecott Sulphur and Texaco Inc structures with various block and section references, producing data, and equipment counts. The text reads like an oil industry inventory or field survey with numerous place names, unit numbers, and measurement figures.
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