Crisis boosts Texas oil tax receipts in June
Texas gained 316,193 in additional oil production and pipeline taxes in June due to the Middle East crisis and expects 1,283,594 more in July. The estimates come from the Oil and Gas Division head W B Davis and the Railroad Commission forecasts. June taxes are due July 26.
MENTIONED IN THIS ARTICLE
Austin
Texas
Middle East
State Comptroller
W. B. Davis
Oil and Gas Division
Railroad Commission
Allowables Rise Stimulate Oil Tax Outlook Amid Middle East Tension
Allowables as a share of potential climb from 33.8 to 35.9 percent by mid June then 48 percent mid July and 54 percent in August. The commission estimates August oil production will be 148000 barrels higher than July due to the allowable increase from Middle East demands. If so, oil tax income would rise, though Comptroller Jim Wilson says total oil tax revenue for the year ending Aug 31 will be little changed. Wilson revised the forecast to 142 million dollars on April 20, citing rising production allowances and potential Arab-Israeli conflict impacts on Middle East oil. Texas imposes a 4.6 percent oil production tax and a 1 3-16th cent per barrel pipeline tax.
MENTIONED IN THIS ARTICLE
Commission
Middle East
Jim Wilson
Wilson
Robert S. Calvert
Texas
Midland Firm Nears Bend Oil Discovery In Texas
Midland firm Tom Brown Drilling Co. works two tubing strings to complete Bend No. 1 well as a potential discovery. The Bend lies 12 miles SW of Midland near the Bryant G pool with four zone perforations and 820,000 cubic feet daily gas.
MENTIONED IN THIS ARTICLE
Tom Brown Drilling Co. Inc
Midland
Braun
T&p
Parks
Pecos
Humble Oil & Refining Co
Coyanosa
Pecos County
Ellenburger
Record High Oil Allowables Set in Louisiana
Conservation Commissioner J M Menefee raised Louisiana oil allowables for August to a record 2,252,431 barrels daily, up from July's 1,956,918. District figures include Houma 757,084 Lafayette 373,831 Lake Charles 98,087 New Orleans 853,409 Monroe 95,067 Shreveport 74,953. offshore total 833,556.
MENTIONED IN THIS ARTICLE
Baton Rouge
J. M. Menefee
Houma
Lafayette
Lake Charles
New Orleans
Monroe
Shreveport
Oil well collar summaries from Texas and New Mexico sites
Dry holes reported for Crosby-Gulf Oil Corp No VE J OC Reed a wildcat at 9.138 feet 467 feet from south and west lines of Section 7 ELARR survey Abstract 1196 two miles southeast of Crosbyton. Hockley Brooks Hall O Co No 1 Marcom wildcat at 9.842 feet 75 feet from north and 665 feet from east lines of Labor 19 League 2 Baylor County five miles southeast of Levelland. No 1 R H Jordan and Blackwell No 1 Elmer Jordan wildcat at 4.050 feet 2.400 feet from south and 1.320 feet from east lines of Section 34 Block 1-A H&TC survey three miles northwest of Blackwell. Roosevelt NM Cactus Drilling Corp No 1 W D Morrs wildcat at 4.350 feet 1.980 feet from north and 660 feet from south and 660 feet from west lines of Section 37s-35e seven miles Ward Paul Decleva No 10 Sealy south and east lines of Section 77 from Block A G&MMB&A survey 24 miles northwest of Monshans.
MENTIONED IN THIS ARTICLE
Crosby
Gulf Oil Corp
OC. Reed
Wildcat
Elarr Survey
Crosbyton
Hockley—Brooks Hall O. Co
Marcom
Baylor County School Land Survey
Levelland
R. H. Jordan
Blackwell
Elmer Jordan
A. H&tc
Roosevelt
N.M
Cactus Drilling Corp. of
Texas
W. D. Morrs
Wild Eat
Ward
Paul Decleva
Sealy
Block A
G&mmb&a
Monshans
New Wells Planned With Various Location Details
Locations for planned wells include Gaines Midland Production Corp 1289 Chilton 3300 feet from north and 990 feet from east lines Lee 29 Block 26 miles northeast of Andrews WC Hockley Pan American Petroleum Corp 372 Levelland Unit 660 feet from north and 760 feet from east lines Lab 32 Lae 69 Val Verde CSL survey 4 miles west of Levelland Levelland field Hockley Pan American Petroleum on Levelland Unit 600 feet from south and 2000 feet from east lines Lab 2 Lab 69 Val Verde CSL survey five miles west of Levelland Levelland field Gaines Humble On & Refining Co 2 Mrs A Sidney B smith 2020 feet from north and feet from west lines Section 50 Block G Wirr Co survey percent northeast of Seminole GMK Ban Andres
MENTIONED IN THIS ARTICLE
Galnes — Midland Production Corp
Chilton
Lee
Block
Andrews
Hockley
Pan American Petroleum Corp
Levelland
Lab
Val Verde
Levelland Field
Gaines
Humble On & Refining Co
A. Sidney B. Smith
Block G. Wirr Co
Seminole
GMK
Ban Andres
Senate investigates Subversive Activities Control Board
The Senate Appropriations Committee is asked to study whether the Subversive Activities Control Board is still needed. Senator Mansfield backed McHugh despite opposition from Dirksen who supports reforms. Senator Young joins a bill to abolish the board as a waste of taxpayers' money.
MENTIONED IN THIS ARTICLE
Washington
Senate
Appropriations Committee
Johnson
Simon McHugh
Small Business Administration
Control Board
Mike Mansfield
Dirksen
McHugh
Mansfield
Anti-War Protester George Vizard Shot Dead in Austin
George Vizard III, 23, an antiwar protest leader and former UT student, was killed by a store robbery at a west Austin grocery. Police say the holdup netted 300 to 400 dollars. autopsy confirms a single bullet to the back. Survivors include his wife, parents, and brother in San Antonio. Telegrams from SDS and other groups flood police urging swift justice and a full investigation.
MENTIONED IN THIS ARTICLE
Austin (Ap
Austin
George
Wizard IV
West Side
Vizard
Vietnam
San Antonio
Robert Breihan
Methodist
University of Texas
Wizard
Louisville
Students For A Democratic Society
SDS
Rusk
Dean Rusk
Hubert Humphrey
Capitol
George Vizard III
Edward Vizard
Coleman deChenar
Austin State Hospital
Robert Kelton
Robert A. Miles
George Vizard
Southern Conference Educational Fund
Vietnam Summer
Cambridge
Mass
Charges Filed Against Girl in NE Post Cafe Shooting
An 11 year old Post girl, Chesteen Collier, was charged with assault with intent to murder after a Saturday cafe shooting. Bond set at 2500 dollars. Prosecution seeks adult certification and a hearing August 2 before District Judge Truitt Smith. Victim J C Demming, 18, underwent surgery for a gunshot wound and remained in fair condition.
MENTIONED IN THIS ARTICLE
POST
Northeast Post
Peace
D. G. Roberts
Chesteen Collier
Preston Poole
Poole
Truitt Smith
Tohoka
Garza County
Miss Callier
J.C. Demming
Demming
Methodist Hospital
Plane overshoots runway at Kokodate airport
A Japan domestic YS-11 turboprop carrying 44 passengers overshot the runway at Kokodate airport in northern Japan on Monday. No injuries were reported.
MENTIONED IN THIS ARTICLE
Tokyo
UPI
Japan
Kokodate
Wheat carryover down but near records in 1967 outlook
The Agriculture Department reports July 1 wheat carryover at 425.66 million bushels, 20 percent below 1966 but above earlier estimates, the smallest since 1952. Soybean stocks reach a record 199.21 million bushels, up 49 percent from a year ago, while corn and other feeds total 65 million tons, 10 percent below last year.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department
Department
Customs Fight Over Cargo Halts Soviet Freighter
The Soviet freighter Mishurinsk was interdicted in Buenos Aires after a scuffle as Argentine customs refused to unload 15 wooden cases marked diplomatic baggage. Guards were posted aboard and a protest from the Soviet side reported injuries to a seaman and an Argentine.
MENTIONED IN THIS ARTICLE
Buenos Aires
Foreign Ministry
Benjamin Moritan-Colman
Argentina
Chinese March Through Macao Demonstration Draws Thousands
In Macao twelve thousand Chinese marched through the streets in a noisy anti-British protest. Demonstrators carried banners accusing Britain of suppressing Hong Kong Chinese and attacked Burmese and Indian governments. Portuguese police and troops stood aside. no violence occurred.
MENTIONED IN THIS ARTICLE
Macao
Britain
Hong Kong
Lubbock Avalanche Journal Subscription Rates Listed
The notice lists morning and evening, Sunday and combination subscriptions for the Lubbock Avalanche Journal. Rates vary by delivery option and duration with prices shown for six month and monthly plans and differing regional mail postages.
MENTIONED IN THIS ARTICLE
Lubbock Avalanche-Journal Morning
The
Lubbock Avalanche
Journal
el Avenue
Lubbock
Tron
Drsavery
Lonth
Tex
Also Mentioned on This Page
Lubbock Avalanche-Journal
Texas Oil
Fort Stockton
No. 24 Cayanosa
Nolan — Tucker Drilling Co
Peter Henderson
New York City
No. SA Foster S
Nolan County
Canyon
Bloodworth, Northeast
H&tc
Silver
Bloodworth
Panther Gap
North Reservoir
Texaco Inc
C. Scharbauer Jr
Midland County
T&p Survey
Midland — Connally Oil Co. Inc
Abilene
Penrose-Oldham
It&p Survey
Scurry— Texaco Inc
Fuller B
Fuller
Scurry County
P. L. Fuller
Snyder
Garza
D. J. Stone
Cannell Estate
Gh&h
San Andres
Rankin
Louisiana
Earle M. Craig, W
Peacenie
Robert Ryan
Inglewood
Calif
Tijuana
Plaza Monumental
Rya
Adv
Horseshoe Center
College Ave
Finance & Thrift Corporation of
Metrecal
Chicago
New York
TTA
Dallas
American Airlines
Jet Tta
Mia
American Express
Air Travel
Carte Blanche
Diners Club
Westinghouse Electric
Westinghouse