Oil price hikes pass to consumers as costs rise
Houston dispatch reports that many oil firms raise prices to cover higher costs after a six percent wage boost for union workers and widespread wage gains. Industry leaders defend increases as necessary, while unions argue price hikes echo profiteering.
MENTIONED IN THIS ARTICLE
China
Sues
Oil, Chemical and Atomic Energy Workers Union
Sinclair, Continental
Gulf
Harry Kennedy
Continental
Oil Workers Union
Tonkawa gas discovery tests in Hemphill County Texas
Production tests at Sun Oil Company's Tonkawa gas prospect in Hemphill County show a drillstem test yielding gas in three hours with 220 feet of gas-cut mud and total depth reached at 7 948 feet. The prospect lies near Canadian, Texas, about 17 miles northeast of the town site.
MENTIONED IN THIS ARTICLE
Sun Oil Company
Tonkawa
Hemphill County
Texas Panhandle
H&tc
D. D. Feldman
Hansford
John J. Eisner
Earl Novak
T&no
Nation's Drilling Shows Brisk Pace
Canada and the United States increased rotary drilling with 87 more rigs, totaling 2 786 active units. North Texas led gains with 45 new rigs, Texas Gulf Coast land added 18, Kansas nine, New Mexico six, Western Canada six, while West Texas dropped six but remained the busiest area at 385 rigs.
MENTIONED IN THIS ARTICLE
United States
Canada
Hughes Tool Co
American Assn. of Oilwell
Texas
Texas Gulf Coast
Kansas
New Mexico
Western Canada
West Texas
South Louisiana
Wyoming
Oil Imports Dip to 1,352,400 Barrels a Day
Imports for the week ended June 21 fell from a record level to 1,352,400 barrels daily, down from 1,726,200 barrels per day the prior week. Weekly runs also eased from 7,727,000 barrels per day the week before.
Weekly oil well listings spread across plains area
Andrews to Yoakum counties show multiple wells with new locations and amended depths. Entries name operators like Humble, Intex, Monsanto, and Wolfcamp. sites lie near Andrews Justiceburg Snyder Seminole and Denver City with acreage up to 2,310 feet from lines and depths around 4 500 feet.
MENTIONED IN THIS ARTICLE
Andrews County
Fasken-Wolfcamp-Pean
Joseph G. Kluthe
W & J Midland
University
University Lands Survey
Andrews
Humble Oil & Per. Co
Midland
AO State University
Rot
J. C. Wilamson
Box
PSL
J. C Williamsonson
Lotus
West Andrews
Woodly Petrole Company
Abilene
J. E. Parker
Rotary
Lake San Andrea—Corine Foster Oil Co
Great Plains Life Bidg
Lubbock
A University
Univ. Lands Survey
Wildcat
Ashman & Hilliard No. 2 Ltd
Wilco Ridg
University Lands
Frankel City
Borden County Flavanna-Strawn
Superior Oil Company
Intex Oil Corp
Andrews Highway
R. H. Jordan
Et al
H&tc Survey
Fluvanna
Ompany Et al
T. J. Good
T&p Savey
Vealmoor
Cochran County
Buckshot
Rutter & Wilbanks
Big Spring Street
Frost
Bledsoe
SON County Wildcat
Cosden Petroleum Ae & R. J. Caraway
Mercantile Bank
Dallas
Lillie Wortham
D. L. Cunningham Survey
Lamesa
Snowden-Sprathers
Newman Bros. Orig. Co. Et al
Milam
San Antonio
Carvie S. Dean
J. Postevent Survey
Gaines Unty Wildcat
Ashman & Hilliard No. 2 .Ltd
Cities Service
Peck
Block G
Ccsd&rgng
Seminole
Texas
West Ridg
Mid
Sparks
G. M. Cox
T. H. Williams
San Andrea
Humbie
A. Fuller
H&gn
Eest Juetieburg Rot
Glorietta R
Anderson
New Age
A. BE. Fivans Jr
Walker
West Justice Hurt
W. Ridley Wheeler
Fort Worth
Ft. Worth
W. Wheeler
Southland
Howard County
Howard-Glasscock
Amendeg
Drilling & Exploration Company, Inc
Hobbs
Forsa
Snyder-Turner-Roger
Big Spring
Scurry County Wildcat
Monsanto Chemical Co
Snyder
G McLaughlin
Kelly Snyder
Tower
Clear Eraswater Oil Co
T. W. Pollard
H & TC
Monsanto Chemical Company
McLaughlin
North & West Lines
H&tc
Southwest
Revile-Giorieta
Intex Oil Company
Meadows Bidg
Camp Springs
Hiwatha Oil & Gaa Co
Allen Ridg
L. M. Wilson
Terry County
Welch
Davidson & Penrose
V. O. Key Estate
Yoakum County Brahaney
Gulf
Howard
John H. Gibson
Northwest Plains
Brahaney-Monsanto Chemical Co
Riock D. John
Plains
Brahaney
Claude Milburn
Capitol
Black
Wasson—Lake Oil & Gas Co
Tudor
Unusual Denver Refinery Holds Fast to Status Quo
Oriental Refining Co of Denver focuses on cut rate gas and minimal service. President Ed Stringer maintains no regular hours and fixed quotas per station, yielding about 2.5 to 3 percent of Colorado market share with a 3,300 barrel per day refinery.
MENTIONED IN THIS ARTICLE
Oriental Refining Co
Denver
Colo
Ed M. Stringer
Oriental
Stringer
Petroleum Week
Colorado
Des Moines Oil Discovery Final In North Hansford
Humble Oil and Bfg. Co. filed discovery for its No. 1 C. W. Noliner after a Des Moines oil strike in north-central Hansford County Texas Panhandle. Flowed 160 bpd through a 20/64 inch choke with 34 gravity and 385 to 1 gas oil ratio.
MENTIONED IN THIS ARTICLE
Humble Oil and Bfg. Co
C. W. Noliner
Des‘ Moines
Hansford County
Texas Panhandle
H&tc Survey
Grover
Tonkawa
Humble
John B. Doyle
Wildcat
Novotny to speak at Lubbock Desk and Derrick meeting
J N Novotny district geophysicist for Pan American Petroleum in Lubbock will address the Lubbock Desk and Derrick Club at the July 2 meeting at 1 30 p m at Restaurant Walden on the Plainview highway Reservations are urged. Marjorie Reynolds president will share details of the Sixth Annual Chicago Convention Aug 30 31 Theme Progress Through Education The Chicago club will host 117 local clubs and over 1000 oil women The Lubbock delegation led by Mrs Reynolds will be the official representative Registration cards will be available at the meeting.
MENTIONED IN THIS ARTICLE
J.N. Novotny
Pan American Petroleum Corp
Lubbock
Lubbbock Desk
Derrick Club
Walden
Plainview Highway
Novotny
Marjorie Reynolds
Chicago
Cosden Expands Oil Holdings with 96 Wells and 17 Locations
CosdenPetroleum Corp. announces the purchase of 96 producing wells and 17 proven locations in Andrews Ector and Garza counties from Grisham Hunter Corp of Abilene. The deal totals about 10 million dollars with Cosden paying 4 million in cash and 2 million in notes. President R L Tollett says the acquisition expands Cosden's crude reserves toward 30,000,000 barrels as part of a continuing growth plan.
MENTIONED IN THIS ARTICLE
Big Spring
Cosden Pet. Corp
Andrews
Ector
Garza Counties
Grisham-Hunter Corp
Abilene
Cosden
R. L. Tollett
Tollett
Independent Oilmen Offer Aid As Import StudyIs Named
Texas independent producers through the Independent Producers and Royalty Owners Assn offer services to a cabinet committee led by Commerce Secretary Sinclair Weeks to study crude oil imports. The panel will examine military economic and diplomatic angles and its findings aim to address U S security and domestic exploration concerns amid rising imports after the Suez Canal reopening.
MENTIONED IN THIS ARTICLE
Austin
Tex
Eisenhower
Commerce
Sinclair Weeks
Middle East
U.S
Texas Railroad Commission
Lone Star
Suez Canal
Texas Oilmen
Assn
Eisenhower -Kagese
Herp
U. S
Northern Natural Promotes Erickson to Exploration Manager
Arthur R. Erickson is named exploration manager for Northern Natural Gas Producing Co. He has served since 1951 as chief geologist and led exploration activities in the United States and Canada. Erickson, a University of Oklahoma geological engineering graduate, reports to J M Barton and previously worked for Phillips Petroleum. He belongs to several industry groups.
MENTIONED IN THIS ARTICLE
Omaha
Arthur R. Erickson
Northern Natural Gas Producing Co
Northern Natural Gas Co
United States
Canada
J. M. Barton
Erickson
Northern
University of Oklahoma
Phillips Pet. Corp
American Gas Assn
American Assn. of Petroleum Geologists
Mid- Continent Oil and Gas Assn
Independent Natural Gas Assen
Odessa Butadiene Plant Nears Completion
The Odessa Butadiene Company reports the completion of its first major process unit at the plant southeast of Odessa in eastern Ector County. The $90 million installation should be fully completed by mid July and will mark the first integrated operation since World War II, with a butadiene recovery unit and ancillary sections ready for start up.
MENTIONED IN THIS ARTICLE
Odessa
Odessa Butadiene Company
Ector County
Fese Research
Butadiene Ge
Wil
Seacaemet Oe
Also Mentioned on This Page
Max B. Skelton
Houston
Corvanice
Nave
Moneré
Radiac Co
New York
Gulf Oil Corp
Earth
Suniland-San Andres
Lynn County
Railroad Commission
George Echols
Standard Ie Co
Tyler
Will Oo
National Oilts and Landmen’s Assn
Texas Eastern Transmission Corp
Little Big Inch
Nature Gas
Panhandle
Lubbouk
TEXA
T&p
Coahoma
King County Wildcat
Tom B. Meddere
Wichita Falls
Lillie Moorhouse
Charles Belkey
Fry Acres
Guthrie
Tvbrock County
Miles Kernagham, Jr
Eastern States Petroleum Company
Great Plains
Nora Sherrod
TTRR
Idalou
Mitcheili
Turver-Gregory-Cherk
Ferk — Edwards Petroleum Co
San Angelo
L. H. Murphy
Westbrook
Motley County Wildcat
E. E. Moss & Sons
Ollie Scott
Roaring Springs
Texas Plains
McGraw - Hill
The
Times
Des Moines
North Hansford
Higgins
Lipscomb County
H&atc
Lipscomb-Morrow
Ochiltree
Desk
Derrick
Cliff Edwards
J. O'Brien
Wired
Weeks
Northern Natural
A. R. Erickson
Veres
Halliburton
OIL Well Cementing Company
Duncan, Oklahoma
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