Oil industry hopes to ease over-supply problems
Motorists head to highways as 1958 summer vacation season begins. Oil editor Jim Mayes notes API data expect about 50 million families on roads this quarter producing over 4 billion gallons of gasoline and a $20 billion tourist outlay. Tax and credit card trends shape travel costs and station competition.
MENTIONED IN THIS ARTICLE
Jim Mayes
Avalanche-Journal Oil
American Petroleum Institute
API
Katy Dar
Keep America Beautiful, Inc
KAB
America
Slight Drop Shown In Rotary Activity
There were 29 fewer rotary rigs in operation this week in the United States than last week and 385 fewer than a year ago. Hughes Tool Co reports 1 903 units drilling nationwide with state counts showing Texas up and various regions down. Canada totals also noted. The piece also references gasoline tax history, revenue totals, and the economic impact of taxes on Texas drivers and federal collections.
MENTIONED IN THIS ARTICLE
Texas
United States
Hughes Tool Co
American Assn
Oilwell
West Texas
North Texas
East Texas
New Mexico
Louisiana
Michigan
Montana
Nebraska
California
North Dakota
Oklahoma
Kansas
Colorado
Kentucky
Indiana
West Virginia
Wester Canada
Eastern Canada
Canada
U.S
Lone Star
Texas proration hearing set to decide oil output
Texas oil producers face a Tuesday proration hearing in Austin to decide whether the eight day production schedule will stay in place or be raised. The hearing seeks guidance on maintaining current limits amid calls to boost output.
MENTIONED IN THIS ARTICLE
Max B. Skelton
Houston
Texas
Austin
Tidewater Reports Two Producers For Southeast Lea
Tidewater Oil Co reports two new producers in Southeastern Lea County New Mexico. No. NC AB Coates completed from Drinkard and Fusselman and Ellenburger formations with daily outputs of 510 barrels from Drinkard and 120 from Ellenburger. Site located near Jal and near Section 24-25S-37E. Caleo Drilling Co Odessa completed a stepout in Pearl Queen Sand field with No. 3 Superior Federal testing 188.4 barrels oil plus 30 barrels water from Queen formation at 5,000 feet following fracture treatment. Drilling planned for No. 1 Carper Helbing near Section 22-166-38E. Utilities and production details from multiple operators follow with discusses on June allowable debates and inventory levels.
MENTIONED IN THIS ARTICLE
Tidewater Oil Co
Justis
Lea County
Drinkard and Fusselman
Ellenburger
No. NC AB Coates
Drinkard
Wellsite
Fortheast
Jal
Worth
Coates
Filenburger
Caleo Drilling Co
Odessa
Pearl-Queen
Superior Federal
R Drilling Co
Artesia
Will
Hobbs
Fee
Garrett Field and Field
Company Tools Knowles
Gushers Doom As Oil Fields Seek New Life With Pressure Techniques
Oil experts explain most oil stays underground and must be forced out. Through repressuring and secondary recovery, engineers extend field life by maintaining reservoir pressure using gas or water injections and carefully spaced wells.
MENTIONED IN THIS ARTICLE
State of
Texas
Ferestr Air Engineers
Texas Railroad Commission
Improved Market For Domestic Crude Seen In Q3 1958
The Independent Petroleum Association of America forecasts an improved third quarter for domestic crude. Demand for July September matches last year, but stock additions are needed for winter, with a 7 million barrel daily market expected. Inventory levels and production rates are discussed, with comparisons to 1956 and 1957 outputs.
MENTIONED IN THIS ARTICLE
Washington
Independent Petroleum Association of America
PAA
Texas Railroad Commission
IPAA
Phillips visit highlights annual college tours and industry links
A university professor’s schedule in Ponca City and nearby cities includes dinners with Phillips officials and visits with former students. Prope by Tenneesen Co plans a $1.25 million project adding 101,250 horsepower in compressor capacity across seven states. The increase would push daily deliveries well above 4.6 million cubic feet, with current output near 1.9 million. FPC review remains, but the move is viewed as likely formal.
MENTIONED IN THIS ARTICLE
Ponca City
Burbank
Phillips
Bartlesville
by _Tenneesen Co
Kentucky
Mississippi
New York
Ohio
Pennsylvania
West Virginia
Arkansas
Louisiana
Federal Power Commission Board
Promotions Set By Lubbock Firm in West Texas
Stewart and Stevenson Services in Lubbock announced five promotions and new assignments in West Texas. Grady Foster becomes branch manager for the Lubbock operation, Bob Wassom is operations manager, Dick Brough is district operations manager based in Odessa, Lewis Duncan moves to Odessa, and Dave Kalger covers Abilene and Midland. The firm serves General Motors and Chrysler industrial engines for oilfield, general industrial, and irrigation accounts.
MENTIONED IN THIS ARTICLE
West Texas
Stewart and Stevenson Services, Inc
Industrial Motors
Lubbock
Jake Conine
Grady Foster
Bob Wassom
Dick Brough
District Opera
Tions
Odessa
Lewis Duncan
Dave Kalger
Abilene
Midland
Stewart and Stevensons
General Motors
Chrysler
Gas discoveries boost Hansford and Lipscomb oil field outputs
Humble Oil announces a Mor row Sand gas find in south central Hansford County Texas Panhandle producing from perforations at 7 060 88 feet with 25 000 000 cubic feet of gas daily and 10 barrels per million. The No 4B Lipe Ranch well near Hansford yields 4 200 000 cubic feet daily with open flow potential. Lipscomb County Liprcomb No 1 Kel in gas well opens at 120 60 feet flowing 13 500 000 cubic feet daily with 18 barrels per million. Both discoveries mark new gassy extensions in established fields showing strong absolute open flow potentials.
MENTIONED IN THIS ARTICLE
Humble Oil and Big. Co
Morrow
Hansford County
Texas
Panhandle
H&tc
HAGN
Spearman
Lipscomb
New Tonkawa
Liprcomb County
Fl Paso Natural Gan Co
Discevy
Placid Plains Land Survey Notes Highlight Rich Acreage
A detailed OCR fragment lists numerous land parcels and surveys across Andrews and neighboring counties. Entries cite acreages from 160 to 2,810 acres, locations near Andrews and Lamesa, and multiple company references such as Cities Service and Wildcat Oil. The text reads like a catalog of mineral and land tracts with section, block, and line references, owner names, and measurement notes.
MENTIONED IN THIS ARTICLE
Andrews Covara Magatex
Humble
Soutly
Cal
Voraity Lands Survey
Anitrewa
Fullerton
San Andres
Cities Service
OM Cn
Landswurves
Acres
Andrews
Gammbaa Share
David& Inez Fosne
Gsection
Dbs Bork Aho Tin
Tilien Souitheast
Andzrias
McEview Ranch
Cradack Et Aly
Pele Survey
Andress
Deilina
Binnears
Tech Mires
Gail
Discovery Offert ' ‘Ny Co
Bierson
Seaer
Sures
Biedane
Buckshot
R. Mc Fulton & Co
Efe’ Wilson
Acten
Bledeow
Buckehn
Corus
Froette & Wm
Flemings Fawi
W. Prost
Bledune
Auson County
National Petree Miaictans
Richard Som
Rieck Mt Flerrauves
Tamess
Kennedy
Midwest
M.elarr Survey
Lamesa
Wilideat
Elma Smith
Ton Rinek
Cunningham Sures
Oil firms plan higher Texas crude purchases for July
Major oil companies expect to buy about 2,615,223 barrels daily of Texas crude in July, up from 2,552,184 in June, per Railroad Commission figures. Commissioner Ernest Thompson urged keeping daily oil allowances at a low point, noting stock reductions while a production hearing is held next week. The district nominations show gains in most regions with Texas fields and panhandle increases, and North Texas a decline.
MENTIONED IN THIS ARTICLE
Ernest Thompson
Texas
Suez Canal
Texas Purchasers
Commission
Humble
Atlantic Refining and Cinies Service
Indiana
Shell
Magnolia
Sinclair
Texas Co
Ndard Oil Co
Austin
Railroad Commission
Atocke
Southwest Texas
East Central Texas
East Texas
Fast Texas Field
West Central Texas
West Texas
North Texas
Pan
Penn Prospector Spotted In King County No. 1-D Master Son
A northwestern King County wildcat, scheduled by B A Duffy of Abilene, will test a Pennsylvanian target with a 4700 foot depth objective. The No 1-D Master Son venture drills 467 feet south and 640 feet east in Section 14 D N Robinson survey A 698, about 15 miles north of Guthrie. No nearby production exists. Hole bottomed in Mississippian at 11740 feet then plugged back 7300 feet. Eight miles northwest of Canadian.
MENTIONED IN THIS ARTICLE
King County
B. A Duffy
Abilene
Masterson
Venture
Guthrie
Hon
Msippian
Wellsite
Canadian
Also Mentioned on This Page
I Lubbock
Avek
Tidewater
Southeast Lea
Earth
TPAA
Hansford Pay
A Robertaen Cie Patron Corp
Ishaere
Pan Americas
Ban “Anmerican
Petre Cor
Andy
Vincent Lon
Mary
Horgh
Acter
Coahoma
Rest County
Sin Oil Co
Buby Wallnce
Brananes
Savage
Tal
Torin
Motley County Inc
Willameon Ne
Stidiand
Soueth
Sonia 3S
BSA
Matador
Tots
Scurry County Sharon
M. Robertoantene
Tre Thin
Black i
Hetc Hurves
Tra. la
Raareo
Roberton Cantone Nore
Seren
Ira
Penn
King
Meed
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