Devonian Wildcat Strikes Oil Near Eskota Testing Continues
In Culberson County Texas a Devonian wildcat near Eskota reports initial flow of oil and water from a stratigraphic test. The No 1 prospect shows oil production with barrels per hour and substantial fracture water, as testing proceeds to evaluate completion potential near the Crockett Grayburg field.
MENTIONED IN THIS ARTICLE
Person - Varn Oi Co
Abilene
County Wild
Eskota
Andrews
Wildcat
No. 1 University
Patricia
Block 19
T&p
Eskola
Culberson
Culberson County
Texaco, Inc
Gations Midlin
Orla Ours Rand
Grayburg
University and Upton
McGarth & Smith
Grasburg
Crockett
Grayburg Field
University: Lands Survey
Rankin
Pecos
Jocelyn
Varn
Peco County
To. C
H&gn
Wolfcamp
Cosanos Gaultipay
Oil Tax Reform Pressures Build as Industry Seeks Wins
Washington report notes oil and gas firms expect to win most tax reform battles while opposing higher taxes. Kennedy proposals lift depletion allowances and asset sales gains face limited success. Congress debates extending the Interstate Compact to Conserve Oil and Gas amid calls for revision.
MENTIONED IN THIS ARTICLE
Congressual
Washington
Kennedy
House
Ways and Means
Wilbur D. Mills
D-Ark
Mr. Kennedy
Senate
Finance Committee
Russell B Long
DeLat
Texas
White House
Treasury
Justice I Department
Gulf Oil reshuffles marketing leaders in domestic dept
Gulf Oil announces a realignment in its domestic marketing department. A A Stambaugh Jr becomes vice president in charge of the marketing region based in Philadelphia, succeeding J B Kelley who moves to Houston as vice president of the southwestern region. Pettitt succeeds Stambaugh as administrator of sales development. A stockholder census shows one in six adults in New York.
MENTIONED IN THIS ARTICLE
Pittsburgh
Gulf Oi Corp
A. A. Stambaugh, Jr
Houston
Philadelphia
J.B. Kelley
Kelley
BR. B. Pettitt
Stambaugh
New York
Basin Rotary Rig Totals Decline Across Plains and Lea County
Southeast New Mexico and Lea County show sharp drops in weekly rotary rig activity. Plains region reports 180 rigs active while the basin totals 219, with Lea County sinking from 39 to 1 as South Plains counties post mixed changes.
MENTIONED IN THIS ARTICLE
South Plains
New Measoa
Reed Roller Bit Co
Plains
New Mexico
Lea County
N. M
Bichind Lea
Ector
Peces
Gaines
Eddy
N.M
Dawson
Xcreases
Andrews
Borden
Chaves
Cochran
Crane
Crockett
Culberson
Fisher
Garza
Hockley
Howard
Kent
Lea
NM Loving
Tathe Dock
Lynn
Martin
Midland
Nolan
Peeps
Gan
Reeves
Rinchleiche
Socorra
Scurry
Sterling
Stonewall
Sutton
Terrell
Terry Tand
Upton
Ward
Winkler
Yoakum
Vas Basin
Domestic Crude Flow Logs Rise Across States
Oil and Gas Journal reports a broad rise in crude production for the week ended July 6, with Louisiana at 1,452,300 bbl daily up 19,600, Oklahoma 562,100 up 14.7 percent, Wyoming 393,900 up 7,500,000 though misprint. California and others show smaller gains or declines.
MENTIONED IN THIS ARTICLE
Tulsa
Oi and Gas Journal
Louisiana
Oklahoma
Wyoming
California
New Mexico
the Journal
Offshore oil activity rises in foreign regions
The article notes more than 20 offshore drilling units active abroad, including 10 in the Persian Gulf. Rigs operate off the west coast of Japan, Borneo, North Sumatra, Trinidad, and British waters. The North Sea is described as the fastest growing exploratory area with new discoveries.
MENTIONED IN THIS ARTICLE
Toxtay
Persian Gulf
Africa
British Borneo
Japan
Sumatra
Trinidad A
North Sea
NaturaLens
North
California
Journal
U.S
Caive
Globe
RRC
SACROC oil unit sparks Texas proration debate
The SACROC field in Scurry County faces a push by Stanotex and other operators to raise the maximum efficient rate and daily production from 12 300 barrels to about 70 000, arguing reserves should guide allows well output. The move could shift Texas oil policy and affect other giant fields and state supply.
MENTIONED IN THIS ARTICLE
Bill Kalb
Avalanche-Journaal Oil
Texas
Canyon Reef
Standard Oil Co
Kelly-Snyder
Stanotex
Sacroc
Railroad Commission
Standard of Texas
RRC
Commission
Robert L. Smith
Oil & Gas
Inal
SYM
Standard
South Plains
Levelland
Slaughter
Dee
Middle East oil reserves may exceed current estimates
Houston AP reports Paul Torrey of the University of Texas says eventual Middle East oil recovery could reach at least one trillion barrels, far above current proved or recoverable estimates. He notes efficient operations and wider spacing boost recovery, with Saudi figures cited and world output context provided.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Middle East
Houston
Paul Torrey
University of the
Texas
United States
Torrey
Saudi Arabia
Western Hemisphere
U.S
Full Control Gas Price Bill Faces Senate Hurdles
Swidler argues federal regulation should curb direct industrial gas sales and price discrimination by pipelines. He contends the FPC lacks power to stop industry-dominated price shifts, warning the proposed bill could die amid wider administration fights and Senate resistance.
MENTIONED IN THIS ARTICLE
Harry Wilson Sharpe
Washington
UPD
Joseph C. Swidler
Federal Power Commission
FPC
RPC
FPC Jurisdictol
Indust
Rial
Wate
House
Swidler
Con-member
Ex - Commission
Senate
Congress
Seers Omy Pooner Cosis
Redsmaun
Ing
Competition Commission
Indus Tide
Oil Completions Lag Behind Rate Across Regions
U S oil and gas firms reported 685 new well completions for the week ended July 6. Oklahoma led with 39 completions up 25, Kansas 79 up 15, Wyoming 28 up 15, New Mexico 30, while Louisiana 100 down 28, California 35 down 19, Illinois 16 down 10. Total nationwide 665 completions yielded 313 crude producers, 74 gas producers, 245 dry holes, and 31 service wells, with 148 wildcats of which 12 were productive and 136 dry. So far this year operators have completed 21 792 wells.
MENTIONED IN THIS ARTICLE
Tulsa (Special
U.S. Oil and Gas Companies
The
Oil and Gas Journal
Oklahoma Companies
Kamsas
Wyoming
New Mexico
Louisiana
California
Illnois
Journal
Texas
Texas wildcat wells in 1961 show 35.4 percent dry
The report lists Texas oil and gas activity with wildcat wells across fields and land areas. It notes a total count of wells and states that about 35.4 percent drilled in 1961 were dry, indicating exploration risk in the period.
MENTIONED IN THIS ARTICLE
Weaver
Cunningham
Dawson
Retroleum
Nawt
Tames
Moore Lesen
Teywilde
Batata
Wiltert
Syeron
Tang Rettenbaugh
Wildcat
Texas
Also Mentioned on This Page
Jocelyn-Varn
Oil and Gas Industry
Justin Department
Department
Nual
Lg Ht
Sing Tion
Justice Department
Compact Commission
Rhine
Gulf Oil
Andres Emmi
Steamy
Benita
Amie
Fatlerton S
Bet
Tee
Ikaw
Ruth Penwell
Millard
TSM
Engea
BSE Ser
Ity Philips Pet Ca
M cMind
SPSL
Ser
Hk Bis
Deve Strawn
Ellen
Rodessaon
Tolbar
Sullivan
Bentley
So. Hentley
Gundtulls Couintry
Gulf Gil Cou
Pawl Sri Hate Sur
OWL Cory
Gommiwa
Wiekett
Gulf O11 Corp
Sar
BNL
Saviekett
Owl Corp
U.S. Mineral Production
Gulf, California, Persian Areas
Lubbock, Texas
Gulf Coast
Gulf of Mexico
Toray
Orn Holland
Sunmarts
Lyndon B. Johnson
Lawrence J. O'Connor
Alaska
Florida
Mabee Drilling Co
Odessa
Wilson-Grant
Brewster
L.C.M
Presby
Canyon Dr
Amarillo, Texas
Amarillo
Dallas
Carroll Drilling CO
San Juan Blvd
Farmington
EMSCO
Moore Derricks
Waukesha
Nelson Auction Service
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