Excess Petroleum Supply Forecast For July
The Independent Petroleum Association of America projects total new petroleum supply will exceed demand by about 300 000 barrels daily in July. Forecasts show July supply around 9.4 million barrels per day with third quarter demand about 9.11 million. Imports and production increases push oil supply beyond needs, signaling a drop in the domestic crude market in August and September.
MENTIONED IN THIS ARTICLE
Washington
Independent Petroleum Association of America
IPPA
Association
Texas Railroad Commission
IPAA
Ipaa Supply and Demand Committee
Sunray Declares Dividend Payments to 96313 Shareholders
Sunray Mid-Continent Oil Co. board approves regular cash dividends of 30 cents per common share and $6 million in regular preferred dividends plus a special five percent stock dividend valued at about 21 million at SDX price. The special distribution, first since 1947, issues new shares equal to five percent of each holder’s current stake.
MENTIONED IN THIS ARTICLE
Tulsa
Sunray Mid-Continent Oil Co
Keel Laid For Massive Offshore Oil Rig "Mr Gus II"
The Bethlehem shipyard builds the 6.75 million dollar rig for C. G. Glasscock Drilling Co of Corpus Christi. The vessel measures 258 by 104 by 22 feet, sits on a hull 200 by 180 by 10 feet, and will drill six wells from two derricks. It will operate on the continental shelf to ten foot depths and produce its own fresh water at sea.
MENTIONED IN THIS ARTICLE
Bethlehem
C. G. Glasscock Drilling Co
Corpus Christi
Distrubed Railroad Commission Field Locations Across Plains
OCR shows numerous field locations and survey references across Andrews and nearby counties. It lists lines and sections with distances from north and east lines, blocks, acres, and various company names indicating petroleum and gas field surveys.
Independent Petroleum Association notes oil price trends
The study analyzes the national trend in crude oil prices but does not reflect the actual timing of energy realizations for producers and refiners. Prepared by the Independent Petroleum Association of America.
MENTIONED IN THIS ARTICLE
Svernee
Tony
Oil Chemicals Boom in Canada Fueled by Gas Line
Petrochemical expansion spreads from Alberta gas reserves across Canada. Imperial Oil leads Sar nia plant plans with an 25 million capacity and Dow Chemical Canada pushes ethylene and intermediates. Western projects include Medicine Hat ammonia plant Winnipeg sulfur recovery and sulfur from sour gas to cut imports.
MENTIONED IN THIS ARTICLE
New York
Canada
Thin Week
Petroleum Week
McGraw-Hill
Alberta
Gamline
Imperial Oil
Sarnia
Imperial
J. R. White
Dow Chemical of Canada
Canadian Oil Co
Petrochemical
Prairie Provinces
Medicine Hat
Winnipeg
Canadian Gulf Oil Co
Jefferson Lake
Pacific Petroeums
British Columbia
Cobb Prentice merger approved in Yoakum field
Texas Railroad Commission orders combine Cobb and Prentice fields in Yoakum County into Prentice Field at Honolulu Qi Corp request. MER rules set for South Andrews and Westcott Strawn fields with 75 percent acreage and 25 percent per well allocation, 330 660 foot spacing and 20 20 acre proration units. Operators to file corrected unit plats in Austin.
MENTIONED IN THIS ARTICLE
Austin
Fly
Texas Railroad Commission
Cobb
Prentice
Yokum
Honolulu Qi Corp
Lubbock
South Andrews
Westcott-Strawn
Gaines County
Torque pickup enables direct pump torque readings and efficiency tests
The Pay Zone reports a new torque pickup method to measure input torque to pumps for drive efficiency. It also enables engine and motor efficiency tests using a specialized coupling between pump and driver for direct torque readings and horsepower calculations.
NGAA Announces Meeting Dates 1986 Convention Schedule
The Natural Gasoline Association of America released regional meeting dates and the thirty sixth annual convention timetable for 1957. Oklahoma Regional Meeting is set for Sept 8 in Oklahoma City at Skirvin Hotel. Southern Regional Meeting on Oct 26 at Captain Shreve Washington Youree, Shreveport. Panhandle Plains Regional on Nov 3 at Herring Hotel Amarillo. Permian Basin Regional on Feb 22 1957 at Scharhauer Hotel Midland. The convention will be April 24 26 at Pict Hotel Houston.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Natural Gasoline Association of America
Oklahoma
Skirvin Hotel
Oklahoma City
Captain Shreve
Washington
Youree
Shrevepont
Panhandle-Plains
Herring Hotel
Amarill
Permian Basin
Scharhauer Hotel
Midland
Pict Hotel
Houston
Sun Oil Reports Six Month Earnings Rise
Sun Oil Company and subsidiaries report for the six months ended June 30 a consolidated net income of 25138552 after depreciation depletion and taxes. This compares with 24407336 for the same period in 1955 and equals 248 per share on 10143601 common shares outstanding as of June 30.
MENTIONED IN THIS ARTICLE
Philadelphia
Joseph N. Pew Jr
Sun Co
Sun Oil Co
Thesix
Consolidated Net Inccome
Also Mentioned on This Page
Sunray
Texas
Gus
Gulf of Mexico
Railroad Commission
Andrews County
Mabe Traal Co Nn
Josa
Ncti OY En
Universitys
Avin
Mert
UL Barves
RA Acres
Bree
McFarland-Queen Magnolia Pet Co. Nachk Cie
Blorl. & CA
S. Miles Sutheast
Polar
McFarland
Ieee
Pete Aucee Friles
Flores
Roines
Marin
Clear Fork
Sug Nol
Nelife Marines
Tooth
Aleck Bat
Darthwent
Andrews
Wolfeamy
Fenn Tesas
TSM
Dacker
Pslgaurvas
Gaarses Gee Ant
Miles Mharihweat
Fotars
Gouden
Blom
Martin-Cleae Park
Paimeres
Trom Orth
Fee
Fen West Tines
Belthead
Quarrel
Luton
Andrees
Sand
Pniversis
Seeman
Roswell
Aneiican
Phate
Tea
Serion Po Ue
Orden Conte Amagneris Tgptinentat No
Routh
Murves
JS Laie
Lalor
League
San Antonio
Carzier
Dean
Lamesa
Rotary
Seaboard Oil
Morulaounte
Howells
Anuin Nba
Ropesvile
Rotars
San
Momane
Riles
Ceva
Ees San Acres
Mexne
Thompson
Tews Ane
Ava
PSL Surves
Actes
Mamars County
Mast
Mamnard Teming
Denman
Orth
East Ines
Comhanma
Galmock County
Lge Macrinon
Western Dela Co
Wsas Siden
Aouth
Iness
Elgak Sures
Shaeves
Sarh-Devanian
Pan Angroan Braj
Crete
Sk Noten
Borth
Nes
Furden Csl
Senaria
Mules
Lota
Hades
Alres
Inilen
Midiand
Hina Fisted
Tee Tevin
Pier
Block
Tno Accel
Ansar
Robert Word
el al Nn
Clarkson
Pete Lomax
Martin
Vannay
Robert Ward
Lees Matic
Seehion
Age Aves
Monhwen
Terry Coupty Prentice
Joseph Tmc Nal. Ie
Covington
Tokio
Rotney
Yoakum County
Brananey Wester DI
Noun
Anslonca
Smellon
The
Sune
Ren
Cnobe Eraoven
Cobb, Prentice
Yoakum
Census Bureau
Humble Oil and Refining Co
Bronte- Goen
Cambrian
Coke County
Procera
Garner Horizon
Humble
T. A
Slick) Frazier
Phillips Exploration Department
Phillips
Port Arthur
New Texas Company
Florida
Texaco
Newport
Army Ordinance Corps
Southwest Research Institute
NGAA
Sun Oil Company
Avenue
White
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