Ramsey Urges Oil Stockpile to Boost Economy and Defense
Texas Lieutenant Governor Ben Ramsey argues the United States should stockpile foreign oil much as it does uranium and other defense goods. He suggests storing oil in depleted fields or salt domes to bolster defense needs and protect domestic producers, while noting tax and production impacts on state revenues.
MENTIONED IN THIS ARTICLE
Texas
Ben Ramsey
Ramsey
Sugested
Congress
Oil and gas lease deals and Midland field rules noted in Texas
Sid Kats of San Antonio and R H Venable of Dallas acquired 48000 acres of oil and gas leases in Knox and King Counties for five years on the McFaddin Estate Ranch. Midland Farms Grayburg field rules adopt 40 acre units, 880 foot spacing, 2100 foot diagonal, and 75 25 allocation with specific casing requirements and a 2,000 1 gas oil ratio limit. Arkansas Fuel Oil Co and others appeal a district court decision in a gasoline antitrust case to the Texas Supreme Court. A Colorado River District water permit hearing in Austin is set for July 12 to modify water use for oil recovery. The record notes 2659 rigs active in the U S and Canada for the week ending July 5 1954, per the A A O W D C.
MENTIONED IN THIS ARTICLE
Andrews County
J. C. Barnes
Q University
University Lands Survey
Ellenburger
Humble Oil & Refining Co
W.E. Bristol
Ralph Lowe
W. H. Sloan
Humble King
Oxden
The
Texas Company No
State of Texas
Bailey County Great Western Drilling Co
J. H. Lucas
Fisher Csl Survey
Sid Kats
San Antonio
R. H. Venable
Dallas
Knox
King Counties
McFaddin
Katz and Venable
Texas
Railroad Commission of Texas
Midland Farms
Grayburg
Arkansas Fuel Oil Co
Texas Supreme Court
Third Court of Civil Appeals
State Board of Water Engineers
Austin
Colorado River Municipal Water District
Colorado
J. B. Thomas
Scurry County
Odessa
Big Spring
Snyder
Famed Geologist E. L. DeGolyer Joins Dresser Industries Board
E. L. DeGolyer of Dallas renowned petroleum geologist and oil executive is elected to Dresser Industries board. Mallon lauds his world wide oil industry development experience. DeGolyer holds directorships with First National Bank of Dallas Louisiana Land & Exploration Republic Natural Gas Texas Eastern Southern Pacific and chairs the Saturday Review of Literature. He cofounded Amerada Petroleum and has served in wartime petroleum roles.
MENTIONED IN THIS ARTICLE
E. L. DeGolyer
Dallas
Dresser Industries, Inc
H. N. Malton
Dreser
DeGolyer
Mallon
Dresser
University of Oklahoma
Phi Betta, Kappa
Sigma Xi
Tau Beta Pi
National Academy of Sciences
United States Geological Survey
Mexican Eagle Oil Co
Amerada Petroleum Corp
Mexico
Middle East
Geological Frogmen Add New Twist To Oil Hunting
In San Diego on July 10 a six person team of geological diving consultants divers deep to the ocean floor to locate oil. The group abandons desert expeditions for underwater surveys using frogman free diving techniques.
MENTIONED IN THIS ARTICLE
Sunman
San Diego
Calif
Ocean floor oil survey team drills below coast
A Navy and UC collaboration of geologists conducts weekend seabed surveys along the Southern California coast to locate oil prospects. They dive up to 140 feet, map rock formations, and mark samples while developing underwater equipment and buoy systems. They have logged 1,100 dives and report no accidents.
MENTIONED IN THIS ARTICLE
California
Laguna Beach
Santa Barba
U.S. Navy Electronics Laboratory
University of California
Scripps Institution of Oceanography
la Jolla
Robert S. Dietz
Edwin L. Hamilton
Henry W. Menard
Robert F. Dill
George Shumway
David _ Moore
opThey
Menard
Navy
San Nicolas Island
Santa Barbara
Limited Personnel Blamed For Delay In Gas Price Inquiry
Washington July 10 The Justice Department probe into alleged gasoline price collusion has bogged down due to limited staff and ongoing court cases. Five major oil firms Standard Oil New Jersey Socony Vacuum Gulf Oil Standard of California and Texas Company face civil anti trust action while awaiting extensive document submissions and potential trial later. The inquiry began in spring 1953 after crude price hikes and faces months more before a trial is likely.
MENTIONED IN THIS ARTICLE
Harry Wilson Sharpe
Washington
Justice Dey
New York
Standard Oil
N.J
Socony-Vacuum
Gulf Oil
Standard of California
Texas Company
Congressional
Paul E. Hadlick
National Oil Manketers
Ment
Coral Stanns Bares
Antidivision
Gensaan Eres & Lane Imire
Barnes
Department Af
Department
Eisenhower
State Department
Oil and gas well completions highligh a probe into Gulf area
The record details completions in Texas with multiple companies including Surews County and Gulf Producing Co. Notes include perforations at various depths, acidizing treatment with thousands of gallons, gas oil ratios ranging from near nil to over one thousand, and daily production figures of gravity oil with water percentages. Several operators such as Bedorations, Slaughter Warren, and Howard Glasscock are cited across multiple sections and blocks, indicating a broad survey of offshore-like operations in Cranson and Cochran counties.
MENTIONED IN THIS ARTICLE
Howard County
Texas Pacific Coal & Oil Co
M. C. Hyden
T&p
L. C. Underwood
Lamb County
The
Texas Company No. 1
Texaco-Seaboard-Kirk
R. M. Thompson Survey
Cochran County
Fey
Gaxoll
Ea’ J. Carpenter
H&tc
Howard Glasscock
Duncan Drilling Co
W.B. Currie
Dal Gasollano
Moore
H. L. Hunt
J.B. Herding
Goldston Oil Corp
A. K. Turner
Tr. Et al Production
Co. Fa’ Hewitt
Tas
Bude
Oil Lease Locations Across New Mexico and West Texas
A listing of oil land survey descriptions in Chavez and Lea counties New Mexico and Yoakum and Hale counties Texas. It details lease blocks south and east lines north and west lines and rotary depths from various sections and blocks including Wildcat Continental Oil Co Denton Sinclair Oil and Gas Co The Texas Company Magnolia Petroleum Co and related survey references with distances and drill depths.
MENTIONED IN THIS ARTICLE
Fuurman-Glorieta
Fuhrman Petrolleum Corp
W.F. Ford
Andrews
Parker-Weltcamp
Denen
Blok
PSL
Odeusa
Gaatien
Sumer
Mies
Androws
Parker Wollcamp
Fred Tomerers
Sure News
Andres
Corn
Cowden Run
Emui-Glorieta
Andersmbrichard Cow Corp
SWF
Section Ik
Cowden Strp
Giiling
Emma-orieta
Anderson Prichard
Lowden
Nowth
WF. Cowden Stibr Sps
Anderson-Prichard Ol Corp
W. F. Cowden
Andrews Wolfcamp
Woodles' Petroleum
E. Parker
Rotary
Deenen Ag Wilden
Woodsey Petroleum
TAP
Katter Lake
San Andres
White Eagle Oil Co
Caiveralts
University
South Plains Completons
Cochran County
Levelland
Masten
League
Armstrong Csl
Morton
Tolary
Dawson ‘County
Welch—Western Drilling Co. Inc
Clara Walls
Block C
Welch
Gaines County
Russell
Magnolia Petroleum Co
Cordergng Surves
Seminole
Cesbtren
Barhmest
Rae Rotary
Wuera
Seenen
Tiante
Renee Cohmeeg
Garza County Manuer Gigereson
T. Cox
Bos
Onretta
Mander ClosetFdwin
L. Cov
Benines
Branton
Hate
Vince
Bary
Otto
Lawrence
Enone
Chaves County
Drickey-Queen—Cities Service Oil Co. &B
Drickes-Queen—Cities Service Oil Co
LAN State
Lea County
Townsend
Wolfeamy
J. J. Christman
Wildcat
Continental Oil Co
L. Fisher
Funlee Monument—Drilling & Exploration Co
Dollarhide
Queen
Gulf Oil Corp
Harry Leonard
Pines
Tanxmaut
Olton Ol Co
Myers
Federal
Randers
SA State
Denton
Sinclair Oil & Gas Co
Lee Whitman
Eamont
Texas Company
HW. T
Luther
Omoore
W. W. Holmes
Maggie Bates
Big Spring
Western Drilling Co. Inc
Billett‘Taylor
Lubbock
Rccrry County
Kelley Snyder
Magnolia” Petroleum Co
da “Mavewell
Brisk & Survey
Snyder
M.L. Mayfield
ROH
Jordan
Hatc Survey
Fluvanna
Yoakum County
Juanni_ Frost
Plains
Rotars
Hunt Oi Co
J.D. Webb
Merger Formed Olin Mathieson Chemical Corp
Stockholders of Olin Industries and Mathieson Chemical voted to merge the two into a new core corporation, Olin Mathieson Chemical Corp. The merged firm will have about 36,000 employees, 43 plants in 24 states and 16 foreign plants, assets near 500.9 million dollars, and sales over 500 million. John M. Olmstead becomes chairman, Thomas S. Nichols president, and John W. Hanes chairs the finance committee.
MENTIONED IN THIS ARTICLE
Olin Industries, Inc
Mathieson Chemical Corp
Olin Mathieson Chemical Corp
John M
Olin Industries
Thomas S. Nichols
Mathieson
Olin Mathieson
John W. Hanes
Olin
Permian Basin Activity Summary by West Texas Counties
A weekly operation survey from Rinehart's Oil Reports shows oil industry activity across West Texas counties in the Permian Basin. The Midland office compiles the survey for the week ending Thursday, detailing regional drilling and production indicators.
MENTIONED IN THIS ARTICLE
Permian Basin
West Texas
New Mexico
Midland
Rinehart
Oil Well Drilling Data From Eddy and Lea Counties Details
The report lists multiple oil wells in Eddy and Lea counties with operators such as Continental Oil Co and Southern California Petroleum Corp. It notes depths from north, south, east, and west lines, fracture and perforation details, gas oil ratios, water absence, and daily production in barrels of gravity oil. Some entries report open holes, acidizing, and specified choke sizes.
MENTIONED IN THIS ARTICLE
Kent County
SMS Canyon Sané
Sianolind Ol & Gas
Neustadt
Jnes
H&gn
South Salt Creek
Jumble Oil & Refining Co
Lela’ Knight
Block T. D&w
Prentice—Honolulu Oil Corp
F. M. Ellington
F. M. Ellington, 1.950 From South and 680 From Test Lines of Section 28, Block K
PSL
Honglulu “Ol Corp
BOF M. Ellington
Block K
Eddy County Square Lake
Iverson
Gissler
Gayo
Graybure Sinclair Oil & Gas Co
Touth
P. J. Wooley
Lea County
Eunice
Continental Oi! Co
Mever-Federal
Iid
Townsend-rennazivanian—Pure Oil Co
LST
Acton Wi
Southern Calfern Petroleum Corp
Dunn
Southern California Petroleum Corp
van Zandt
Also Mentioned on This Page
George Christian
Iternational News Service
U.S
Borden County
Phillips Petroleum Co
Quartz
Dawson County
J. H. Foster
Block
South Plains
George T. Prigmore
Ellenstreet
Railroad Commission
Stanolind Oil & Gas Co
Anderson-Prichard Oil Corp
United States
Canada
American Association of Oilwell Drilling Contractors
Hughes Tool Co
June Duly Inc
Goast
Oklahoma
Kansas
Rocky Mts
Ark-La-Tex
West Tex- Me
Gulf Coast
Dresser Industries
T&p Survey
Eddy County
N. M
Great Western Drilling Co
Union Oil Co
J. E. Stanley
WTRR
Garza County
Cecil Oil Corp
Houston
Luther Reed
Justiceburg
Hockley County
Thomas Davis
Wichita
CSL
Superior Oil Co
G.T. Mcalpin
Crosroads
Andrews couxTy
Gardner
Andi
PSU
Andee
Sam
Psi
Ernest
Anarene
Tomy
Teerence ‘Mesme
Sam G. Dunn
Sandrews Wollcamp
BSCE
Rank Cine
Warren Petroleum Co
Tia Cox
G. E. Hall
State-Humble
Gilmore-Federal
Yoakum County Pure Oil Co
W. T. Ward
John H. Gibson
Great Western Producers Inc
John H. Gibbe
Surews County
Sumble Oil & Refining Co
Acunit
J. S
Gasolrallo
Rtaketan” Andree Comptake Bennet Ratter Weet
Econ
Fev
Beyeen
Ast Eilerberger
Cnes
Otter
Alvernon Tel Stom
Bite
Minter Lake
Felcon Olt Corp
Irwin
Morn
Rory
Seat
Pat Miter Hosea Ge Bates
Centier Daly
Gastrato
Ssvind Deet
Ningalions
Wolfcamp
Honolula
Ol Corp
Seton
Soave
Iach
Lenbarzer
Sedley
Ellerburger
Ralph Love
Southland
St Tock Ris
ES Cravis
University Lanas
Permian
Warren” Petroleum Corp
Tacon S
Bax Federal
Walfcamp
Cone, Markham & Simmons
Schenck
Wadeatrea Suakes
Abend
Wes Andrews
Borden Brewster
Cochran Cott Crane Crockett
Crosby
Culberson
Dawson Dickens
der Paso
Floyd Gaines
Glasscock
Hate Hockley
Howard ‘Hudspeth
Trion Teft
Davis Xing
Lamb Lam
Tovine Lathbock
Lynn Martin Mitchell
Brecan
Reeves Schleichler
Terrell Tey
Tom Green
Upton
Val Verde
Winkler
Yoakum
Corto
Chaves Coltax
Eady
Hidalgo
Len
Lincoln
Teria Osevelt
San Miguel Sierra Socorro
Torrance
Border Counties
Concho Fisher
Kimble Mecultoch
Menard Nolan Runnels
Stonewall ii
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