Oil Firms May Alter Capital Spending Abroad
A Chase Manhattan Bank study of 1966 spending by 29 oil firms with foreign interests finds a shift toward more selective domestic investments as foreign returns lag behind U S rates. The report notes higher domestic returns, strong U S growth prospects, and rising global capital constraints driving future expenditure patterns.
MENTIONED IN THIS ARTICLE
Max B. Skelton Houston
New York City
Chase Manhattan Bank
United States
Middle East
Petrolum
Chase Manhattan
Chase
United Saett
Oil and gas output in Lubbock County tops million dollars
A Texas Mid-Continent study shows Lubbock County's 1965 oil production valued at 945 700 dollars with 518 900 barrels produced. Natural gas worth 1 900 dollars came from 14.5 million cubic feet, royalties paid 118 213 dollars, and state taxes 43 548 dollars.
MENTIONED IN THIS ARTICLE
Lubbock County
Texas Mid-Continent Oil & Gas Association
Texas
W. O A. Landreth
Fort Worth
Landreth
Wih
U.S
Wildcat
Texas Mid-Continent
Texas Employment Commission
TENAS
Garza
Hale County
Lubbock
Hockley
Lamb County
Lynn County
Terry
New Drilling Safety Booklet Published by API
A 22 page booklet titled Safe Practices in Drilling Operations was issued by the American Petroleum Institute. It covers injuries and first aid protective gear fire protection blowout prevention and operating practices for rotary drilling with emphasis on safety for deeper wells and heavy equipment.
MENTIONED IN THIS ARTICLE
New York
American Petroleum Institute
Central Committee On Safety and Fire Protection
Division of Science and Technology
Retirement of Humble oilman Warren announced
Midland special reports Robert P. Warren division geophysicist for Humble Oil and Refining Co Southwestern Exploration Division at Midland retires after more than 37 years with the company A native of Alamogordo New Mexico Warren studied there and at the University of New Mexico and the University of Texas He joined Humble in 1929 and led seismic and geophysics work across West Texas New Mexico the Gulf Coast and the Southeast He contributed to exploration techniques and the discovery of several major oil provinces.
MENTIONED IN THIS ARTICLE
Midland
Robert P. Warren
Humble Oil & Refining Co
Southwestern Exploration
Alamogordo, N.M
Warren
University of New Mexico
University of Texas
Humble
Mexico
West Texas
New Mexico
Gulf Coast
United States
Texas
API Names Cecil Assistant Director of Marketing Division
George EB Stephens also joins the API marketing division to assist Cecil with the Jobber Advisory and Personnel Development committees. Cecil, a Cleburne Texas native with UT degrees, will implement the division’s new car care program and supervise staff on advisory and development initiatives. He previously led distributive education in Texas and has lectured and authored marketing publications.
MENTIONED IN THIS ARTICLE
New York
Brice W. Cecil
American Petroleum Institute
Cecil
Adam J. Rumoshosky
Cleburne
Tex
University of Texas
Texas State Department of Education
API
Distribultive Education Clubs of America
George EB. Stephens
Floyd County Fair Catalogs Printed
Floyd County Fair catalogs are to be displayed at the Tuesday night fair board meeting at 8 p.m. in the First National Bank community room. Bumper stickers will be available at the meeting. Directors and department superintendents will attend the meetings as two more regular sessions are planned before the annual fair set for September 21 to 23.
MENTIONED IN THIS ARTICLE
Lockney
First National Bank
Oil Spokesman Studies Control Of Pollution
New York special reports that P N Gammelgard of the American Petroleum Institute urges a balance between health and economy in air pollution control. He cites up to $50 extra for 1968 cars to cut emissions 66 percent and notes ongoing development of further reduction methods. A separate note covers the SPE Fall Meeting in Houston with 4,000 engineers, 140 papers, and widespread regional cooperation.
MENTIONED IN THIS ARTICLE
New York
Petroleum Today
P. N. Gammelgard
American Petroleum Institute
Gammelgard
Gam
Melgard
Houston
Society of Petroleum Engineers
American Institute of Mining, Metallurgical and Petroleum Engineers
Coliseum Music Hall
Middle East oil called costly by Texas independents
Michel Halboury of Houston, head of the American Association of Petroleum Geologists, told Oklahoma City business leaders that Middle East oil is an expensive commodity once travel, protection, and global costs are counted. He urged expanding U S and Western Hemisphere exploration to reduce reliance on Middle East oil and warned against funding Arab nations. He cited two thirds of world oil reserves under Arab control and said domestic petroleum is the only dependable supply amid nationalizations and tax shifts.
MENTIONED IN THIS ARTICLE
Oklahoma City
Middle East
Texas
U.S
Michel T. Halboury
Houston
American Association of Petroleum Geologists
Oklahoma City Chamber of Commerce
Oklahoma City Geological Society
AAPG
Halhouty
Mediterranean
Halbouty
U. S
Canada
Western
Europe
Japan
Oil Shale Regulation Proposals Praised By Udall Ally
At the The Oil Shale Corp annual meeting in Rocky Flats Colorado Hein J Koolsbergen praised Interior Secretary Udall for proposing regulations guiding oil shale development. He warned of debate over policy but urged constructive discussion and stressed the need for prompt action amid dwindling domestic petroleum supplies and rising import dependence.
MENTIONED IN THIS ARTICLE
Denver
Hein J. Koolsbergen
Oil Shale Corp
TOSCO
Rocky Flats
Cole
Koolsbergen
Stuart Udall
Parachute Creek
Colo
U. S
Oil executive urges people oriented engineers for growth
Frank K. Webb of American Oil Co Texas City refinery told the Texas Society of Professional Engineers the engineering field faces a rising demand but a greater shortage. He urged engineers to become better managers with leadership, communication and people handling skills. Webb received the 1967 Industrial Professional Development Award, noting declining college enrollments in engineering from 1957 to 1965 and a shrinkage in National Merit Scholars choosing engineering.
MENTIONED IN THIS ARTICLE
Dallas
Oil Company
Frank K. Webb
American Oil Co
Texas City
Texas Society of Professional Engineers
Webb
Texas
Shell Shifts Midland Office Geology Staff
Geologists Dr. C A Parker and J E Tuttle swap roles within Shell Oil Co with Parker taking a temporary assignment at The Hague Production Geology Section and Tuttle replacing him on Midland Area exploitation engineering. Parker born Evanston 1943 Northwestern. UW degrees 1956 1957. Tuttle Colorado School of Mines 1949. long Shell career in Houston Denver Tulsa New Orleans and Midland with multiple title changes.
MENTIONED IN THIS ARTICLE
C. A. Parker
Shell Oil Co
Midland
Central Office
The
Hague
J. E. Tuttle
Southern Division
Houston Area
Parker
Northwestern University
Evanston
University of Wisconsin
Shell
Shell Development Co
Houston
Midland Area
Tuttle
Colorado School of Mines
New Orleans
Tulsa
Denver
Oil output slips slightly in late June week
The Oil and Gas Journal reports U S crude and lease condensate production for the week ended July 1 fell to 8 556 660 barrels per day from the prior week by 22 385. Alaska and Texas show higher figures, while July allowed outputs rise in Texas Louisiana and Oklahoma to meet expected Middle East crisis driven demand.
MENTIONED IN THIS ARTICLE
Tulsa
Oil and Gas Journal
Middle East
U. S
U.S
Texas
Alaska
Louisiana
Oklahoma
Bull Town Days Set At Bovina In August
Bull Town Days kicks off at 1 p.m. August 17 in Bovina with team roping heading and heeling by two ropers. C. & Trimble chairs the three day western event featuring cow calling contest queen contest heard contest chuckwagon breakfast oldtimer reunion fiddler contest parade square dancing Quarterhorse show exstudents banquet and professional wrestling matches.
MENTIONED IN THIS ARTICLE
Bovina
C. &. Trimble
Major Alaska oil discovery at Trading Bay No. 1 by Atlantic Richfield
Atlantic Richfield reports a two-zone flow from Trading Bay State No 1 on Alaska’s Cook Inlet. The well produced 2,840 barrels daily during tests, with 1,512 barrels from Hemlock and 1,328 from Kenai intervals, and gas-oil ratios of 38 to 84. The discovery follows two earlier ARCO finds in the area, and the well was drilled in 63 feet of water by the John C Matthews rig.
MENTIONED IN THIS ARTICLE
Dallas
Atlantic Richfield
Trading Bay
Alaska
Cook Inlet
Hemlock
Kenai
West Forelands
McArthur River
John C. Matthews
Sun Marine Drilling Corp
Matthens
Cities Service Buys Federal Offshore Leases
Cities Service Oil Co and its Oklahoma subsidiary participated in Gulf of Mexico lease sales off Louisiana. The three-group CATC consortium including Cities Service bought three of the 10 priciest tracts, paying over 15.7 million for a South Pass tract and more than 26 million for 46 169 acres overall. The sale totaled 510 million, with Cities Service securing top and near-top bids across multiple offshore areas.
MENTIONED IN THIS ARTICLE
Bartlesville
Gulf of Mexico
Louisiana
Cities Service Oil Co
Cities Service
Trand Isle
CATC
Louisiana Offshore Group
Conoco
Atlantic - Richfield
Tidewater
Tenneco
South Pass
Main Pass
Service
Ship Shoal
South Timbakier
West Delta
Locations And Completions In Midland Texas Oil Fields
A dense oilfield list details multiple wells across Andrews and Midland areas with operators like Texas Crude Oil Co and Pennzoil Co. It notes various formations such as Ellenburger Spraberry San Andres and Pennsylvanian, plus depths, flows, and field blocks. Several entries reference PSL statuses, drive units, and field notes in the Midland district with measurements like 1,787 FS and 1,980 FEL.
MENTIONED IN THIS ARTICLE
Ellenburger
Fullerton
Kant
Eilenburger
Texas Crude Oil Co
Midland
Andrews
W. Lovelady
Penwell
San Andres
WSW
Bohia Petroleum Co Midland
T&p
Be-Midland
Owder
North
Ciavo
Allande Richheld
Holt
T&p Bur
Eley
Gor
London
OW Co
Grayburg-san
Also Mentioned on This Page
Ierage
Orci Teams
Georgia
Floyd County Fair
Pete W. Cawthorn Jr
First City National Bank
AIME
SPE
Balcones
Coastal Bend
Southwest Texas
Halboury
Fall Aime
Udall
Shale
J, KF
Alaska Exploration
Federal Offshore
R. J. Stone
Midland, Texas
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