Texas Oil Industry Facts and East Texas Field Anniversary
Texas oil wells largely rely on pumping with only 16 percent flowing naturally. An average well yields 16 barrels daily while Texas holds 44 percent of U S oil reserves totaling 16.7 billion barrels. The East Texas field marks its anniversary after opening Sept 5 1920 covering 95 000 productive acres and remaining the largest US field until Alaska North Slope reserves prove. The Interstate Oil Compact Commission urges retention of the Mandatory Oil Import Program to ensure supplies and stable prices, opposing tariff alternatives.
MENTIONED IN THIS ARTICLE
Texas
U.S
East Texas
Columbus Marion “Dad” Joiner
Rusk
North Slope
Interstate Oil Compact Commission
IOOC
TOCC
Deck O Co buys 56 oil wells in Permian Basin
Deck Oil Co of Tulsa has purchased 56 producing wells in the Permian Basin spanning Andrews Reagan Ector Upton counties Texas and Roosevelt County New Mexico from L R French Jr of Odessa. Transfer effective May 1 with ownership completed July 1 for over 1 million dollars financed by First National Bank Tulsa.
MENTIONED IN THIS ARTICLE
Deck O Co
Tulsa
Permian Basin
West Texas
New Mexico
L. R. French, Jr
Odessa
G. W., Deck, Jr
Deck On Co
First Nasitional Bank and Trust Co
Deck Oi
Andrews
Reagan
Ector
Upton
Counties
Texas
Rhosevelt County
Deck At
Nadel and Gussman
King Oil Co
Deck
Manuver
J. C. Guinn Id
Drumright
Vila
Deck Oil Co
Gulf Plans Oil Hunt Off Japan
Teikoku Oil Co and Gulf Oil Corp sign a letter of intent for a joint venture to explore offshore oil southwest of Kyushu Japan. Teikoku holds priority for a 4926 square kilometer Amakusa Islands block. Geophysical surveys begin early August using seismic gravity and magnetic methods.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Teikoku Oil Co., Ltd
Gulf, Oil Corp
Kyushu Island
Teikoku
Amakusa Islands
Gulfrex
Vast oil lease plats and ranch units across Texas and New Mexico
The document lists numerous oil and land blocks including Pan American and Bennett Ranch units, PSL and FEL designations, and sections across counties like LAMATIONS, Verdet, and San Andres. It notes multiple tracts with sizes from 1,320 to 7,530 acres and associated landowners or operators in a dense survey of properties and holdings.
MENTIONED IN THIS ARTICLE
Lamations Borden Hoba
Hato Sur
Hocklen Levefiand Umereds Pet Corp
Labif
PSL Sur
Pan Amercan
Frazier
AMAT
Liedear
Levelland - Buteman
Val Verde
Wansen Tun
Andres
Texas
Oil Union Backs Pollution Curbs
The Oil, Chemical and Atomic Workers Union in Edmonton votes to press governments to withhold permits for new plants until a joint labor government panel approves pollution controls and worker health protections, using collective bargaining to push for safer industry practices.
MENTIONED IN THIS ARTICLE
Edmonton
Alta
UPD
Oil Workers
Oil, Chemical and Atomic Workers Union
Toj
IOCC Midyear Meet Defends Oil Conservation Law
Oklahoma Governor Bartlett, head of IOCC, defends state oil conservation laws against criticism by federal officials. He argues these laws lower consumer prices and are not price fixing. Bartlett cites Wall Street Journal reports and says federal statements misinterpret IOCC goals and impacts on oil and gas supply.
MENTIONED IN THIS ARTICLE
Columbus
Qhie
Inn
Nixon
Dewey F. Barnett
Oklahoma
Bartlett
Mold Commission
Ohio
Petroleum -In- Commission
IOCC
U.S
Ership
Bartlett Re-Itien
Wall Street Journal
Comneil of Economic Advisers
Cencer
Texas Railroad Commission
Methanol Plant Planned by Occidental and Libyan Gov
Occidental Petroleum Corp and the Libyan National Oil Corp announce a joint venture to build a 600 ton per day methanol plant near Benghazi Libya. Oxyl Libya represents Occidental in the deal with bids expected later this year and construction likely to begin in 1973.
MENTIONED IN THIS ARTICLE
Occidental Petroleum Corp
Oi Corp
Benghazi
Libya
Occidental of Libya, Inc
Oxylibya
Occidental Petroleum
Empire On Co. Leaves Nevada Oil Exploration
Empire On Co of Wyoming says it is leaving Nevada oil exploration and will cancel 24 of its more than 500 leases. The firm cites heavy taxes on leases in Nye and White Pine counties and a hard operating area. Other BLAL holders include Sunoco, Atlantic Richfield, Varon and Tenneco. Porcupines chewed $2,000 worth of directional signs in Willamette National Forest.
MENTIONED IN THIS ARTICLE
Reno, Nev
Empire On Co
Wyoming
Nevada
Bureau of Land Management
Nye
White Pine
Robert R. Bumford
Atomic Energy Commissions
Roy Nickson
Nevada Tax Commission
Bamford
James Hiatt
Empire
Hadread Valles Am
Poobabls
Eyopoment
Emjyrre
Culf OW
Pan American
Hoiding Blal
Sun Oni
Atlantic Richfield
Varn On
Tennec
Empire Oil
Schonl
Explorer links gas shortage relief to regular offshore lease sales
Houston AP report quotes Bybee of Humble Oil arguing federal offshore lease sales are key to easing future gas shortages. He cites long lead times from sale to production, urges opening new areas in the northeast Gulf of Mexico and Atlantic offshore, and notes current lease deficits and spending on exploration.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Houston
Row. Bybee
Humble Ou & Refining Co
Louisiana
Bybee
United States
Pas
Onis
Texas
California
Alaska
Gulf of Mexico
Atlantic
Also Mentioned on This Page
Louis Dreyer Sr
Tatum, N. M
Louis
Roughneck
Tom Brown Drilling Co. Inc
Lea County
Lubbock
Roden Oil Co
Ford
Ray Westbrook
By Ray Eee A Creiee
Texas Mid-Continent Oil & Gas Association
Mid-Continent
Permian
New York
Gulf
Xan Nigel
Npr
Gault Gil
Waddell Ab
Soo
G& IO Agu
N-Monahans
Lowe
Ellenburger
Eiame
Fusselmany
Henburgers
Harmoares
Hasan
Suupson
Oil Union
CHE
Nevada Oil Exploration
Eugene, Ore
UPI
Willamette National Forest
Gordon Bankston
Explorer
Mt. Everest
R.W. Adams & Son
Adams McGahey and Hudson (Red) Drilling CO
Lefors
Browma
MAUD
Franks
Govcach
Cardwell
Dot Gram
R Ltd
E Beertes
Paser
Dot Ape
Seumion
Metin
Barten- Fever
Moyers
Crail
Seins
T. Pekup
Hikewea Kelley
HOUSE
Gunde
Rotary
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