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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jan 29, 1967
Page
5
Fourth graders in Missouri offered quirky definitions of oil and refining concepts in a classroom activity. Humor pops with lines like petroleum as the most valuable thing and a cat cracker as a nameless device.
Gulf Oil Corp. announces a strong year with refined product sales up about 31 percent to 1,241,200 barrels daily and total earnings per share rising to an estimated $4.87 for 1966 from $4.12 in 1965 as daily crude output hovered near 1.9 million barrels.
Dallas special report notes a policy expression by the Highway Policy Group led by E. D. Brockett. The release defends constructive highway objectives, addresses concerns over project scopes, and asserts the group’s stance on U S highway construction and maintenance.
The Mexican Organizing committee announced two free preprints for registered participants of the Oil Congress in New York. One set offers a panel discussion paper, the other a review paper, available before February 2 or at headquarters after presentation.
The readable fragments reference various names and places with unclear context. Mentions include ECTOR Gotdarwtth 5.200.tont and Taiwan tie in a garbled list of people and regions, but details and connections remain obscured.
Reading from a weekly tabulation the West Texas and New Mexico regions report mixed changes in oil rig activity. Reeves holds second place for the first time with 15 rigs at the end of the week, while Reed International remains atop the count as Reeves records a gain. Ward shows 24 more rigs than last period, placing fourth. Lea County registers 161 rigs with gains and losses noted.
In Fisher County records a finalization related to a Dallas area project includes data on perforations and water metrics. The note references section and block coordinates HA and TC survey with measurements 48 feet and 660 feet, plus a 24 hour water figure.
In Fort Worth Special a notice states James sees Yarbro has joined The Western Co. Fort Worth as financial vice president and secretary treasurer.
Houston reports U S oil output rose as inventories climbed to 269 4 million barrels by January with daily production around 1 315 million barrels in February while overall demand remains weak. Industry leaders warn storage limits and sustained high production threaten jobs and state conservation efforts.
The Gulf Company announces a $2,000 unrestricted grant to Wayland College for general use. Gulf distributes funds this year to universities and colleges in its Plainview district including Amarillo and Gui ll, supporting local education initiatives.
Occidental Petroleum Corp announces the successful completion of its second Libyan well, confirming a new field on its concession. The No 1-M Federal is described with test results showing gas production and oil recovery, marking the first production from the new pool and the company's seventh consecutive East Beverly Hills well.
New York world brief states Dennisson named 1967 president of the American Institute of Mining Engineers. McElroy from Pittsburgh named as 1967 president of the West Virginia University Alumni Association. The article outlines his prior roles and mentions other industry leaders and affiliations linked to the AIME annual meeting.
Dewey Alspaw, new assistant director of the API Division of Production, transfers to Dallas from Palo Pinto with years of airfield operations and drilling experience. He will oversee drilling practices and production pressure work across the division's districts as part of a broader staffing upgrade.
Tulsa reports a weekly rise in oil output with production averaging 8,581,960 barrels per day for the week ending January 21, up 83,110 from the prior week and 31,170 above the previous record. Oklahoma held steady at 652,220 barrels daily, Kansas at 286,400, as Texas adjusts February allowable to about 36.5 percent.
Pan American Gas Co will deliver one trillion cubic feet of natural gas from the Fary Field north of Houston to consumers along the upper Texas Gulf Coast. Pan American Petroleum Corp announced the sale to Pan American Gas Co, both subsidiaries of Standard Oil. The firms are Tulsa based. Pan American Gas will build.
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