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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
May 09, 1965
Page
5
The American Petroleum Institute reports growing jet fuel use will lift military oil demand to about 308 million barrels in 1970 while 295 million barrels are expected this year. Burleson criticizes U S Caribbean oil imports and calls for reviving domestic oil industry amid declining activity and unclear government policies.
Andrews prepares for the Billionth Barrel Oil Observance with parades, a Fly-In Breakfast, exhibits, and activities led by the Chamber of Commerce. The event marks a milestone in local oil production, historically yielding up to 60 million barrels annually, with top stars and community leaders expected to attend.
Atlantic Southwest Refines announces a two day event in Dallas highlighting a new Center for Oil Research. The project will occupy an 800 acre site north of the city near Plano and form a large complex linking research shops, library, auditorium, and offices with multiple courtyards and glass reception areas. Construction will begin soon with occupancy planned later.
A fragmented note discusses how imports and residuals could affect oil and energy supply during a national emergency. It mentions quotas, refinery capacity, and a committee led by A A True Jr of Casper Wyoming.
The policy discussion on residuals and imports faced a close 26-22 vote as the Imports Policy Committee tabled action. Officials noted rising demand trends and mixed supply signals in the Eastern industrial region, with slight gains in heavy fuel oils and domestics while refiners cut back on residuals. Jake Hamon, imports chairman from Dallas, pressed for a subcommittee recommendation to rethink refinements.
The report notes sustained strong U S demand for petroleum products in 1965 with gasoline stocks down slightly from the prior month yet well ahead of March 1964. Distillates remain largely unchanged and well below last year's inventories, while discussions touch on supply limits and regional price dynamics.
The May oil index notes industry activity based on Oil and Gas Journal charts. Crude oil production remained nearly constant for two months and matched April 1964 levels.
IPAA President H A Tepe warned that political considerations are central to oil industry decisions as policy and government relations shape exploration and production plans. He cited Interior Department studies showing modest demand growth cannot justify abandoning existing reserves or overreliance on imports, urging realism about market forces and policy impacts on future output.
The body identified as Humberto Delgado, the former Portuguese minister, was confirmed in a report describing recovery details and ongoing investigations into his death. The article notes Delgado’s prominent political role and the circumstances surrounding the incident.
Midland area office bids farewell to the operations chief an exploitation engineer who previously served in Ardmore Oklahoma Elk City before joining Midland Local details of retirement date and duties remain sparse and unconfirmed.
The Pecos prospect is testing for gas production about 2.5 miles southeast of Pure Oil Co’s No 11 W C Tyrrell, the pool opener, while Humble operates roughly 0.75 miles southeast of Pure’s No 12 at pool confirmation. The No 10 Wilbanks, the deepest current producer, was staked in Preketet to 200 feet with a total depth around 20 931 feet. A gauge on the perforated interval is not yet updated.
Sales Engineer William R Bil Shahan reports Humble Oil and Refining Co indicates signs of possible oil discovery production in the Leonard formation at No 1 Robert Sutra. The well is planned for a depth around 9 000 feet.
Fragmented OCR shows Fisher County Wildcat stake outlined near Fort Stockton Pecos County. Project notes mention a 4,200 foot depth target with tentative locations and costs, referencing H Bolin H C Row and Wichita Falls connections.
The Oil Information Committee selects a new group chairman who also holds Civil Air Patrol leadership and commands CAP’s Southwest region.
Lea County leads a survey of operating rotary rigs with 179 units reported. Ector County ranks third with 13 rigs, while the tally shows a gain of three rigs this period and a drop of six from last week.
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