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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 26, 1969
Page
5
The article traces coal’s declining share from 68.7 percent in 1927 to 21.9 percent in 1967 while petroleum rises to 74 percent of US energy. It notes growing interest in coal by oil majors, forecasts oil supplying about three quarters of demand through 1980, and highlights fuel price trends including taxes.
The Oil and Gas Journal forecasts 1969 will bring continued expansion for the U S oil industry with moderate gains across demand, crude output, imports, and refinery runs. Gasoline demand remains strong, jet fuels rise, and drilling activity increases to 32,652 wells as markets tighten slightly amid a return to normal after 1967 turmoil.
Oil runs to stills averaged 9,748,000 barrels daily for the week ended Jan 17, up from 9,735,000 the prior week but below 9,976,000 a year ago. Domestic stocks rose 1,458,000 barrels, foreign crude up 1,153,000, with gains and declines listed by region across Texas Pennsylvania and other states.
A compiled list of oil and gas locations and completions across the Midland area notes numerous drill sites, operators, and well specs. Entries include Culberson Sulphur Teast Sinclair Oil No 109 21 3 Paisano, Crane Roberdesa, Glasscock Spraberry, Howard Wildest Pennsylvanian, Ward Estes Yates Gulf, Andrews Block 12, Dollarhide Unit, and San Andres consolidated fields with elevations, depths, and perforation data. Several entries indicate re-entry approvals, unit designations, and production indicators such as bopd and water depth.
R James Radcliffe has been elected secretary of Halliburton Services division and an assistant secretary of the parent company. He will keep duties as assistant to J E Thomson controller and assistant secretary. Radcliffe, a 1940 Halliburton hire from University of Oklahoma, has held accounting posts and as chief accountant, and spent six years as secretary treasurer of Halliburton's Venezuelan subsidiary. Robert M Kennedy, an attorney in Dallas executive offices, was also elected an assistant secretary.
United Nations reports Ethiopia has ratified a 1952 convention granting equal political rights to women. The U N details other historic treaty ratifications, including a 1956 convention on press accuracy and a 1949 framework for information access.
Interior Secretary Udall’s last actions on foreign trade zone oil imports fuel debate as he leaves office. He opened a path for Libya sourced oil shipments to Hawaii while Maine and Georgia plans face uncertainty, signaling a looming Nixon administration review of the policy.
Homer T. Fort of Wilton Connecticut was named executive vice president of the Permian Basin Petroleum Museum Library and Hall of Fame in Midland. He will direct construction of a major educational facility for petroleum history in the Midland Odessa region with a capital goal of six to seven million dollars.
R L Mims, staff geophysicist for Shell Oil Co Midland Division Exploration East, will transfer to Royal Dutch Shell Group for a two year assignment with Petroleum Development Oman, effective Feb 1. He began with Shell in 1935, served on a seismic field party, had a military leave in 1942, earned a BA in physics in 1948 and an MA in 1949, then worked in Calgary Canada for 15 months as seismologist before advancing to senior geophysicist in 1957 and marking 30 years of service in 1961.
Amar Berrahil of Sonatrach concluded a week of discussions with Texas Tech officials and students on Algeria’s petroleum development plans. He met with university leaders, toured farms, and discussed soil, water, desalination, and agricultural projects linking petrochemicals to Algerian resources.
Washington AP reports former Interior Secretary Udall issued 241 500 barrels per day in residual fuel oil import allocations last Jan 9 under new rules to desulfurize oil. Three allocations for ten years urge western hemisphere sourcing and desulfurization facilities to cut pollution.
Dr. John Robinson, controversial theologian and author of Honest to God, resigns as suffragan bishop of Woolwich and will join Cambridge University to teach theology. The Archbishop of Canterbury rebuked him over the book. At 49 he becomes dean of Trinity College where Prince Charles studies.
The American Association of Petroleum Geologists completed a decade long study at the request of the Atomic Energy Commission. It seeks basins suitable and safe for disposing radioactive and ordinary industrial waste. The study results are expected to aid planning decisions.
British insurers back a voluntary liability scheme to cover oil spills led by seven major firms including British Petroleum and Esso. Lloyds of London will underwrite half the total, with an initial target of 50 percent enrollment by world tanker owners. The scheme forms the International Tanker Owners Pollution Federation in London, headed by James Bialcolmson, aiming to insure spills up to ten million dollars per incident.
Occidental Petroleum reports discovery of an oil field in Jackson County Texas located 85 miles southwest of Houston. An exploratory well reached depths of about 9,582 to 9,704 feet across three sand levels and yielded 794 barrels per day, while natural gas production reached 1,062,000 cubic feet daily at the Indian Creek Field lease site.
Monterey Coal Co, a Carter Oil subsidiary, will mine in central Illinois starting Fall 1970. R H Quenon will head operations from offices in Carlinville and Houston. The mine near Carlinville will supply about 3 million tons annually to Commonwealth Edison, via unit trains to Havana then barged to Edison stations. Construction begins this Spring with 300 plus workers, focusing on safety and environmental quality.
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