Supreme Court ruling may delay gas sales to pipelines
Supreme Court guidance requires FPC review before price related sales, signaling longer hearings on gas contracts. Conditional agreements may rise as producers face cost data disclosures and the favored nation clause may be removed. The case involves Continental, Atlantic, Tidewater and Cities Service with Tennessee Gas Transmission Co.
MENTIONED IN THIS ARTICLE
New York
Nankai
FPC
Commission
Crtc Group
Continental
Atlantic, Tidewater
Cities Service
Tennessee Gas Transmission Co
Tennessee
CRTC
New
End of year changes eyed in oil imports control program
The oil imports control program may see changes by year end. Court testimony challenges the regulations and industry reports flag cash involved in import swaps by inland refiners. Allocation rules force a sliding scale tied to 12 month runs, boosting pressure on individual refiners and spurring more appeals to the Oil Import Appeals Board.
MENTIONED IN THIS ARTICLE
New York
Houston
Wille Matthew V. Carson, Jr
Interior Department
Carson
Oil Import Appeals Board
Appeals Board
Oil Imports
June 1959 Petroleum Price Averages By Region
The June 1959 report presents crude petroleum weighted average well prices for principal areas and the weighted average refinery prices for gasoline kerosene and oils in nine regions. It notes the figures reflect price trends for producers rather than realized prices and are prepared by the Independent Petroleum Association of America.
MENTIONED IN THIS ARTICLE
U.S
National Petroleum News
Farwell Native Named West Texas Division Reed Bit Manager
Farwell native Charles B. Chuck Caldwell has been named West Texas Division Manager for Reed Roller Bit Co. based in Odessa. He succeeds Steve Hazlip and previously joined Reed as Gulf Coast regional representative in Houston.
MENTIONED IN THIS ARTICLE
Charles B.chuck Caldwell
Farwell
West Texas
Reed Roller Bit Co
William E. Scarborough
Caldwell
Steve Hazlip
Reed
Odessa
Gulf Coast Area
Houston
Mid.Continent Supply Co
Harrisburg Sales and Service Company
Kansas
Rome
Texas
Vernon
Farwell High School
Amarillo Junior College
Rice Institute
Nomads
APL
Charles B. Jr
Gay Carol
Scarborough Named Reed's Domestic Chief
Reed Roller Bit Co names William E Scarborough to domestic sales manager in a newly created post. John Otis to oversee Reed's general sales in training tools joints and drill collars. HQ will be in Houston. Scarborough returns after 20 years in Reed's engineering department and a 1956 stint at Security Engineering Corp in Dallas.
MENTIONED IN THIS ARTICLE
Reed Roller Bit Co
William E. Scarborough
Idomestic
Medh
Reed
John Otis
Houston
Scarborough
The
Security Engineering Corp
Dallas
Oil Suppliers Publish New Drivers' Manual
Petroleum Equipment Suppliers Assn releases a 51 page pocket size Drivers Manual for fleet safety. Major divisions cover Vehicle Operation, Maintenance, Collision handling, and Accident Reporting with cartoons and clear explanations.
MENTIONED IN THIS ARTICLE
PESA
Port Acres Gas Well Spacing Dispute Continues
The Port Acres field in Southeast Texas faces fierce debate over well spacing as operators quarrel over unit sizes. A Texas Railroad Commission ruling upheld a 160 acre unit, denying a proposed 80 acre and pooling plan. Houston independent Michel Halbouty plans a rehearing arguing the current formula harms small tract owners.
MENTIONED IN THIS ARTICLE
Port Acres
Max B. Skelton
Houston -API
Texas
Tex: 48 Railroad Commission
Unis
Michel T. Halbouty
Houston
Jack B. Blalock
Hatbouty
Texas Eastern cuts LPG shipping tariff to Ohio
The Little Big Inch Division of Texas Eastern Transmission Corp lowers propane tariffs for shipments from Houston to Tad Hunter Terminal near Middletown Ohio by about 20 percent effective July 15. The new rate is 66 cents per barrel, down from 82 cents, with dehydration/loading services priced separately for shippers needing on-site caverns. Lubbock oil men stake wildcat near Terry County and plot offsets in Garza and Lea counties to test San Andres formations.
MENTIONED IN THIS ARTICLE
Houston
Texas
Ohio
Interstate Commerce Commission
Little Big Inch
Texas Eastern Transmission Corp
Tadhunter
Middletown
Todhunter Terminal
Cincinnati Gas and Electric Co
Dayton Power and Light Co
Lubbock
Terry County
Garza
Lea
N. M
R. L. Corley Jr
Victor H Logan
San Andres
Prentice
Tokio
Cremar
Lea Project
Carthay Land Co
West Wilson
Seven Rivers
No. 2
R. T. Cannon
Lea County
Oil Center
Geophysicists Set Tape Talk At Roswell Meeting
New Mexico Geophysical Society will meet at 6 30 p m Monday in the Roswell Museum Roswell New Mexico. Guest speaker Robert B Fisher vice president of Davis Equipment Co Tulsa will discuss Evaluation Handling and Storage of Magnetic Tape. Fisher a 1922 Bartlesville Oklahoma native served in the U S Army Signal Corps.
MENTIONED IN THIS ARTICLE
New Mexico Geophysical Society
Roswell Museum
Main and
Uith Street
Roswell
Robert B Fisher
Davis Equipment Co
Tulsa
D. A
Fisher
Geophysical Research Corp
SEG, A Lee, Ere. P.G.A
Tulsa Geophysical Society
P.O. Box “14
Darry C. Ives
Atlantic Refining Co
Oil discovery at Honolulu No. 1 Martha Schultz near Abernathy
Rumors confirm Honolulu Oil Corp. No. 1 Martha Schultz wildcat near Abernathy Texas. Drillstem tests in Pennsylvanian limestone show oil with gas, 39.8 gravity, and no water. officials caution success not guaranteed. Offsets and land rush follow, with leasing prices spiking and renewed interest in nearby Amity area.
MENTIONED IN THIS ARTICLE
Abernathy
Honolulu Oil Corp
Wildcat
Martha Schultz
Bill Kalb
Avalanche-Journal Oil
Midland
Honolulu
Penn
West Texas
Matador
Amity
Ol Co
Formant Wildcat
C. M. Barrick
Aew Boeingast
Gc&sr Survey
Senate Merger Bill Faces Senate Action Opposed by Oil Firms
Washington UPD Harry Wilson Sharpe reports a pre merger notification bill aimed at big consolidations faces early Senate action. The measure would require corporations with capital over 10 million dollars to notify the Justice Department 60 days before merging to allow scrutiny of public interest.
MENTIONED IN THIS ARTICLE
Harry Wilson Sharpe
Washington
UPD
Senate
Eisenhower
Justice Department
Department
Senate Judiciary Committee
House
Emanuel Celler
DN. Y
Judiciary Committee
O— el Paso Natural Gas Company
Pacific Northwest Pipelines
Texaco, Inc
Shamrock Oil Awards 8000 BPD Cracking Unit Contract
Shamrock Oil and Gas Corp of Amarillo awards Fluor Corp a contract to engineer procure materials and construct an 8000 barrels per day fresh feed Thermofor Catalytic Cracking unit for the Me Kee refinery in Sunray Texas Panhandle. Engineering starts in Los Angeles office construction to begin late summer with completion next spring.
MENTIONED IN THIS ARTICLE
Shamrock Oil and Gas Corp
Amarillo
Fluor Corp., Ltd
Shamrock
Sunray
Texas Panhandle
Los Angeles
Oil Investors Offer Fractional Interests in Texas Lease
Oil investors sought for fractional interests in a Texas lease to be drilled. The Petroleum Exploration Alliance invites written inquiries for full information and details on the opportunity.
MENTIONED IN THIS ARTICLE
Ishaliow
Texas
Petroleum Exploration Alliance
Capital Staten
Austin
Also Mentioned on This Page
J. T. Bryant
2Nd St
Peoples Ice Co
Billie Fowler
Edward Austin
Abrnathy
Lloyd R. Lamb
Adolph Livingston
Roger Stinnett
D. D. (Coy) Marshall
W. T
Supreme Court
Risemfontein
Union of South Africa
Proleum Association OF
Amegca
Bue
Halboury
Bart A Sonne Fk
Blalc Coleroreal
L Halhouty
Terry Wildcat
Area Ventures
Garza Offset
Clarence Angle
Huntley San Andres
Garza County
Post
Cook
Isaac Scott
N.M
Superior Oil Co
California
Texaco Iso
Ite S
Paragon Oi Co. Inc
George F. Getty
Tidewater Oil Co
Skelly Oil Co
Getty
Texaco
Bellweather
Youngstown Sheet and Tube Co
Bethlehem Steel
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