Oil demand resilient as economy cools prospects
Houston AP reports a Chase Manhattan Bank review showing oil demand remained strong in early 1970 despite worries. Gasoline and distillates rose while jet fuel and kerosene demand climbed, heating oils strong in a colder period, while heavier fuels lagged but overall year demand still outpaced earlier expectations.
MENTIONED IN THIS ARTICLE
Houston
Chase Manhattan
Im Sports
Nixon
Oil policy sparks cross party dispute over seabed rights
Oil leaders oppose Nixon plan to cede continental shelf resources beyond 200 meters depth to a United Nations committee. They warn the move could surrender about 660,000 square miles of potential oil and gas, with US estimates of 640 billion barrels of crude and 1,590 trillion cubic feet of gas.
MENTIONED IN THIS ARTICLE
United States
Nixon
U.S
No-Man's Land
United Nations Committee
National Petroleum Council
Louis ‘Ana
Hunt
Texas
New Mexico
Oklahoma
Louisiana
Mississippi
Wyoming
United Nations
United States Geological Survey
Day promoted to Western Area manager of Mid-Continent Supply
A. Day promoted from division manager at New Orleans to Western Area manager of Mid-Continent Supply Co. He will head quarters at Midland. Day joined Mid-Continent as a cat sander in Mes, later worked in Fullerton Hobbs N M Odessa Casper Wye Stering Colo before Denver stor es supervisor. In 1963 he rose to Denver division manager, then transferred to New Orleans as division manager. A Brady native, Day served in the U S Coast Guard in World War I.
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A. 2
Day
New ‘Orleans
Western Area
Mid-Continent Supply Co
Midland
Cat Sander
Mes
Company
Fullerton
Hobbs
N.M
Odessa
Casper
Wye
Stering
Colo
Denver
New Orleans
Brady
U.S. Coast Guard
Oil firms warn East Coast power hits from fuel shortage
Skelly Oil Co says brownouts in East Coast metropolitan areas could occur this summer due to a severe fuel shortage and delays in offshore lease sales. The industry notes the Gulf of Mexico leases remain unsold, threatening future oil and gas supplies amid rising consumption.
MENTIONED IN THIS ARTICLE
Tulsa
TPS
Skelly Oil Co
Gulf of Mexico
Skelly
Interior
Los Angeles
U.S
Conaco-National Coal
Signal Oil
Cent and Gas Co
Used Service Co
Atlantic Richfield
Marathon Oil Co
Viking
Conoco
N.C.B
North Sea
L. J. Ryman
Ex-Said
Gulf of Mex
Nigeria crude surge defies forecasts in oil journal note
The Oil and Gas Journal reports Nigeria nears one million barrels per day in May with onshore and offshore fields driving growth. Analysts cite new wells, partnerships with Gulf, Mebth, Texace Chevron, and Shell BP as key to rapid recovery post war.
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Gulf
Mebth
Texace- Chevron
Shell British Petroleum Team
Tulsa
Coss
Oil and Gas Journal
Nigeria
Houston
Humble Bat
Refining Co
Ana Burrs
Cal
Humble
North Amer Houston Aviation
Europe
Japan
Joseph A. Foster
North Africa
Houstondustry
Chamber of Commerce
Foster
Tapine
Lip
Hyman
Qualitron Aero, Ince
Quick. Worth
Tenneco, Inc
Texas wells drill tally from latest week reported
The Railroad Commission counted 15 wild gas wells drilled in Texas last week, bringing the year’s gas total to 228, just one short of last year’s pace. Nine were in the Corpus Christi District, three in Houston, two in Midland, and one in San Antonio District No 1. Three wildcat oil wells were drilled, including none in San Antonio District No 1 and one in San Antonio District No 2, lifting the yearly oil total to 192, ahead of last year.
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Austin
Texas
Railroad Commission
Corpus Christi
Houston
Midland
San Antonio Dist
San Antonio
Texes
Worldwide oil commitments face funding squeeze in 1970s
Chase Manhattan Bank and First National City Bank warn oil companies will struggle to meet worldwide commitments due to capital shortages and weak financing. The banks cite a 1969 earnings dip, shrinking working capital, and reduced capital spending as signals of mounting funding obstacles for the petroleum sector.
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New York
UPH
Chase Manhattan Bank
First
Natonal City Bank
City Bank
Midtara Aewn Action
Trl Chase Manhattan
Unclear mineral land records listing locations and completions
Fragmented OCR shows locations and completions notes for multiple sites and properties. Mentions Bayview East San Andres Redfern Carp Hughes Calhiena Sabine Port Stockiean and Pan American Pet Cem among many scattered place names and numbers. No coherent narrative or single event evident.
MENTIONED IN THIS ARTICLE
Erle
Tor
Towlen
North van Amerian Pet
North Cowden
Odessa
Oilman says law not solution to air pollution
Tulsa based Humble Oil Co president Dr. Chas F. Jones argues that passing laws alone cannot solve air and environmental pollution. He urges industry to clean its own house first and to provide leadership for informed actions to protect air water land and life. He expresses mixed emotions about industry progress and calls for sustained public and governmental action.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
UPI
Chas. F. Jones
Humble Oil Co
Earth
Jones
Pas Hye
Shell Oil names new Midland exploration manager
Walter Mc Winfrey named division exploration manager for Shell Oil Co in Midland succeeding Larry Gordon who moves to New York to head Explorations Economics. Two Midland landmen Monkress and Oliver retire after long service. Mc Winfrey’s career spans Bakersfield Ely New Orleans Farmington and Houston research roles.
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Walter Mc Winfrey
Shell OU Ch
Mid
Cononent
Midland
Larry Gordon
Midlandivision
New York
Imanager
University of California
Bakersfield
Calif
Ely
New
Farmington
New Orleans
Research Center
Houston
California Exploration Division
Monkress
Shell
Wink
Iland
Area Land
Oliver
Od Emili
Aimee
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