Oil Industry Still Faces Headaches From Price Rises
The article notes higher crude and gasoline prices fail to end oil sector woes. It covers ample gasoline stocks, ongoing supply demand imbalances, and potential price wars, with TIPRO aims on gas controls, imports, and tax study. It cites Humble Oil’s price hike and Railroad Commission hearings.
MENTIONED IN THIS ARTICLE
Houston
Middle East
Texas
Texas Railroad Commission
Humble Oil
Railroad Commission
Humble
Standard Oil Co
New Jersey
Europe
Most Oil Firms Join Price Hike Across the Industry
Oil producers including Humble and Continental moved crude prices up about 35 cents per barrel last week. Stanolind led a 2 1 2 cent reduction urging a mixed pattern as others followed with 25 to 45 cent increases across regions including Texas New Mexico Oklahoma and South Louisiana.
MENTIONED IN THIS ARTICLE
Humble Oil and Refining Co
Continental Oil Co
Stanolind Oil Purchasing Co
Stanolind
Phillips Petroleum Co
Phillips
Gulf Oil Corp
Sinclair Crude Oil Co
Cities Service Oil Co
Sun Oil Co
Magnolia Pet. Co
Rock Island Oil and
Bfg. Co
Ohio Oil Co
New Mexico
Oklahoma
Texas
East Texas
Louisiana
Kansas
DX Sunray Oil Co
Robert S. Calvert
Flowing Queen Sand Opener Finaled In East Lea County
Oil shows from W. R. Weaver No 1 in east Lea County with 196 barrels in 24 hours through a 1/4 inch choke. pay fractured with 6,000 gallons. Shell completion uses 54 inch casing in Pearl Bone Springs area. Nearby wells in Eddy, Roosevelt, and Chaves counties report varied tests and abandonments, including Magnolia Petroleum and Humble results, with multiple dry holes and minor oil shows.
MENTIONED IN THIS ARTICLE
W. R. Weaver
Charleia Taylor
East Lea County
Clear Fork
Aouth
Shell Oil Co
Allen
Pearl Bone Springs
Lea County
Penrose
Queensand
National Drilling Logs Sharp Weeklong Decrease Across US and Canada
Hughes Tool Co reports a net drop of 142 rotary rigs in the United States and Canada this week, totaling 2,617 active units. Texas shows declines across multiple regions with East Texas the sole increase, while Canada adds 12 rigs as swamp and lake freezing boosts activity. several states also report varied losses.
MENTIONED IN THIS ARTICLE
Joe Morris
Magnolia Petroleur Co
Brownfield
Doe
Magnolia
Mr. Driver
United States
Canada
Hughes Tool Co
American Assn
Oilwell Drig
Texas
East Texas
Texas Gulf Coast
West Texas
North Texas
California
Colorado
Illinois
Kansas
South Louisiana
Montana
Nebraska
New Mexico
Oklahoma
Wyoming
North Dakota
Pennsylvania
Utah
IPAA Head Foresees Extreme Pressures For Higher Imports
Robert L. Wood, president of the Independent Petroleum Association of America, told a San Antonio district meeting that new pressures to import more foreign oil will arise once Middle East transport issues are resolved. He noted plans for larger tanker capacity and discussed avoiding Suez dependence, warning of harsher import limits and the need for realistic restraint. The IPAA will debate import policy with many allied associations in a Washington meeting January 23-24.
MENTIONED IN THIS ARTICLE
San Antonio
Middle East
Independent Petroleum Association of America
I.P.A.A
Robert L. Wood
Suez
Wood
Suez Canal
Wond
Congress
IPAA
Washington
Geologist McKee to Speak at Lubbock Society Talk
Edwin D. McKee of the U S Geological Survey will lecture on Paleotectonic Mapping to members of the Lubbock Geological Society and Texas Tech on Tuesday at 7 30 p m in Room 101 of the Chemistry Building. The event is sponsored by the American Association of Petroleum Geologists Distinguished Lecture Committee.
MENTIONED IN THIS ARTICLE
Edwin D. McKee
U. S. Geological Survey
Lubbock Geological Society
Texas
Tech
Chemistry
McKee
American Association of Petroleum Geologists
Lubbock Society
United States
Cornell University
Yale
California
Arizona
Grand Canyon National Park
Museum of Northern Arizona
Fulgham Named Plant Superintendent at Three Bar Plant
Jack E. Fulgham, a Weatherford native and 1931 Texas A&M chemical engineer, is named Plant Superintendent of the Stanolind operated Three Bar Gasoline Plant west of Andrews. He replaces Martin W. Bretz who resigned after serving in Tulsa and several Stanolind gas plants.
MENTIONED IN THIS ARTICLE
Fort Worth
Jack E. Fulgham
E. V. Hewitt
Stanolind
North Texas
Slaughter
Sundown
North Cowden
South Fullerton
Ector
Andrews
Fulgham
Texas A&m College
Weekly Commission Roundup of PSL Survey Figures Across Plata Area
Readable text outlines oil and land lease activity in Andrews and surrounding counties. Listings include PSL survey blocks, acres, distances from section lines, and ongoing amendments involving Munger Fuhrman Humble and Continental Oil Co. with multiple firms and box numbers referenced.
MENTIONED IN THIS ARTICLE
Andrews
Florey
Texas
al Midland
Munger
Devey
Seteiver
Blocky University
South
PSL
Fuhrman-Clorieta
Gulf A
W. T
Ft. Worth
University
University Lands Survey
Skelly Oil
B. Monahans
A. Suibher
McFarland Queen
Cosden Petroleum Corp
Big Spring
Totary
Fahrman-Masche — Sinclair Oi & Gas Co
Midland
Rotary
Texas Crude Ol] Co
Canitol Ridg
Munger- Nix
Eley Jeb
MacFarland-Queen
Magnolia Petroleum Co
Box
Dallas
George Herder
Meane
Humble
J. S. Means
North Andrews
Fast-Ellenburger — Phillips Pvt
Permian Bidz. Midland
Univ
East Andrews
Rot
Fullerton—Sinclair
L. H. McCrea
Frankel City
Clear Fork
Dane L.san Andres
Miles Kernaghan, Jr
Central
University Lands
Borden County
Texas Pacific Coal & Ol Co
Johnson
N. T&p
Gail
Jo-Mills-Spraberrgy
The
Texas Company
C A. M. Clayton
T&p Survey
Gall
Jo-Mulspraberry
Amerada Petroleum Corporation
Mildred Road
T&Ép
Ackerly
Jo-Mill-Spratherrs
W. L. Miller
TRE
Box 1720
W. L Miller
Arthur-Speaherry
Seahoard
J. Gand
Wealmoor
Ram Fort
Arthur-Spraberre
Continental
Gand
Good
Sectlon
Rigel
Midnorth
Vealmont
Continental O11 Co
F. BR. Jones
Rinck
Hetc
Voakum County
Brahaney—Drilling & Exploration, Inc
Marshall Cheek
John H. Gibson
Texas Reports 483 Oilwells Completed In Week
BRtoday said Texas completed 48 oil wells and 52 gas wells in the week with 1 percent dry holes plugged. Sixteen oil and five gas completions plus 110 dry holes were in wildcat operations as total output averaged 3,450,702 barrels daily, up 18,511 barrels.
MENTIONED IN THIS ARTICLE
State of Texas
Austin, Tex
Texas Railroad Commission Today
Texas
Two Explorers Slated In Area For Garza And Crosby Drills
In Garza and Crosby counties plans advance for wildcat oil wells. Crosby No 2 B Clark Wood is set in Section 8 near Slaton at 4 200 feet. Garza No 1 J P Ray targets Huntley Glorieta at 3 800 feet seven miles east of Slaton. Caroline Hunt Sande No 1 Neals in Yoakum area reports Devonian discovery yielding 41 barrels per day with minimal water.
MENTIONED IN THIS ARTICLE
Texas Crude Oil Company
Argo State
East
Lea County
Wildcat
Tatum
Desert Oils, Inc
Magee
Roosevelt County
Buck Jones Drilling Company
R. L. Neff
Quay County
N. M
C. J. Dyer
Foster
Harding County
Consolidated Natural Minerals, Inc
DeLisio
Colfax County
Post i Garza County
Edwin L. Con
Dallas
J. P. Ray
W. T. Young
Huntley
Yoakum
Caroline Hunt Sande
Neals
Cioe
Wellaite
Plains
Also Mentioned on This Page
Saoigilt
Init
Anthony Eden
Eden
England
TIPRO
FPC
Max BR
Akelton
Wallace Bogart
Eddy Schoppa
Lee Harrison-Clear Fork
Lubbock County
L. C. Smith
Western Drig, Co
Paul Hanson
J. B. Marsh
Don Pace
Halliburton Oilwell
New Oil
Magnolia Petroleum Company No
G. J. Wright
North
Eddy County
Artesia
Dayton Pool
Tres Ranchos
Hope
East Chaves
Humble Oi! & Refining Company
East Chaves County
Caprock
Super Andrews
Pula
Martin W.bretz
Lubbock, Tex
Cochran County Bucksthot
Murchison & Mallory
Military Prive
W. Frost
Bledsoe
Setcion
Aycock
Porbes-Glerteta—Road Corp
Biz Sorina
Ruthweest
Rouen
K. Aycock
Confidential
Stancii
Omeany
FR. Worth
McGee
Aycock Sayer
Milesweet
Dawson County
Welch—Cition Service Co
Mayee
Bas
Fewell—Blanco
Fulkerson
T&p
Lamena
Gaines
Reagan Csl
Shell of Co
Hobbs
F.ae
Oi & Gas, Company
R C. Blanchard
WTRR
Seagraves
Robinson Wena Fork
J. D. Wrather
Wran N
Akard
Dailes
Seuth
Oni
Ccsd&rgng
Seminole
Vary Flanagan
F. A. Andrews
Robertson
J. DP. Wrather, Jr
N. Akard Dallas
Mamie I. Dellaney
Block AX
Garza County Forward
Fuller
H&gn Survey
Juaticeburg
Fast San Andree—Continental Ol Co
Citizens National Bank of
Tusticeburg
Hockley
Coahoma
Rix Spring-Fawelman—Williamson, Alatrin & Southwestern Development Co
Davis
T-1-N
Snyder—Cosden Petroleum Corp
M. H. O'Daniel
Coshoma
Latan Eant Howard—Fleming
Kimhel
Fair Ridg
Denman
Moore—Duncan Drig, Co
Patterson
S. T&p
Girard
Lee Harrison
Leland Fikes
Alda
Collins
Lubbock
Lamb County
H. L. Cain
W. S. Moss
R. M Thompson
Anton
Lynn County
Semtion
Block J. H&w
Tahoka
Motley County Wildcat
Stanolind Oil & Gas Co
Fred E. Brandon
Ring Springs
God
Scurry County
Tri-Rue-Reef — Trice Production Co
J. HL Kimbell
H&t Survey
Snyder
Varel-Glorieta
L/C. Drum
Nor
Ea. Fluvanna
Terry County
F. Tastor
Gomez
Prentice-67
Great Western
Clare
Fee
C&m
Tokin
Prentice
Midlands
Clanahan
Honolulu
Mid
S & Line
Bik
D. J. Hy Gibson
Tokio
Brahaney-anyenied — Drilling & Exploration
Rik
D. J
Brahaney
Midand
Sherman Howard
6&N
Jock D. J. H. Gibe
Gibon
Patna
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