Oil Week 1958 Sees Texas Oil Slump Amid Tax Laws
Oil Week 1958 notes Texas crude production will likely fall below the eight year annual average of one billion barrels. Drilling activity in 1958 is down about 20 percent from 1957, with Texas wells projected to yield around 940 million barrels this year. Total footage and well counts show a downturn, while a new tax relief law offers some offsetting support for industry and refiners.
MENTIONED IN THIS ARTICLE
Jim Mayes
Texas Oil
Texas Oilmen
Texas
Mid- Continent Oil and Gas Assn
Texas Railroad Commission
Railroad Commission
U. S
Chaves County oil tests signal potential new discoveries
In southeast Chaves County New Mexico the Perry Federal No 1 on a one hour production test yielded 43 barrels on one hour flow with 500 pounds pressure and gas/oil ratio 1223 1 mapped 18 miles northwest of Queens and three miles southwest of Cedar Point in the Cedar Point field. A separate 13 000 foot wildcat No 1 Whitten is planned southeast Lea County near Jal townsite with a Great Western Drilling Co contract.
MENTIONED IN THIS ARTICLE
Chaves County
N.M
Perry Federal No. 1
Texas Company
Pryor
Queensand
Cedar Point
Delaware
Crawford
Malaga
LEA
Graham Paige
Hobbs
Lea County
Jal
Jalmar
Great Western Drig. Co
Area SPE Chapter To Meet Thursday
The Area SPE Chapter will hold its meeting Thursday with Ed H. Blackaller of Fit ting and Jones in Kine presenting The Oil Industry A Consultants Viewpoint. A social hour and dinner follow the speaker with SPE officers J. B. Livingston chairman W. H. Wadlington first vice chairman Barney Vachal second vice chairman and R. Z. Boren secretary treasurer listed. Scotland's distilleries reportedly supply the United States with about 1.0 percent of 8 000 000 gallons of whisky per Glasgow report.
MENTIONED IN THIS ARTICLE
Nece
Saunas
Teum Engineers of
AIME
H. Blackaller
Fitting and
Jones
Kine
Indus
SPE
J. B. Livingston
W. H. Wadlington
Barney Vachal
R. Z. Boren
Scotland
United States
Glasgow
Global scientific exchange maps the 2020s ten nations plan
A fragmented report notes a proposed international exchange of information on sonar based pest control methods. Countries including Germany the Netherlands Italy Denmark Portugal Mexico and the United States are mentioned as participants in this exchange.
MENTIONED IN THIS ARTICLE
Rome
Fearon
Golventen Srven
Germany
Hollande
Italy
Denmark
Portugal
Mexico
United States
Acoustic Correlation Opens New Vistas For Oilwell Logs
Geophysicists use acoustic velocity logs to relate formations to older log types. Variations in porosity affect sonic velocity, aiding correlations with electric and radioactive logs in a given area. Researchers Mitt Frick and Larguier pursue synthetic seismograms to improve seismic interpretation and stratigraphic emphasis.
MENTIONED IN THIS ARTICLE
S. C. Mitt
P. W. Frick
Atlantic Refining Co
Dallas
Basin Oil Show Moves to Odessa New Site
The 1860 Permian Basin Oil Show will have a new home on a 100 acre site on Odessa's northern edge gifted by Barrow Land Co. The non profit group plans a petroleum museum and new exposition facilities with long range plans for all new developments. The 198 show runs Oct Grounds, with about 500 oilfield exhibits and an anticipated 150000 visitors.
MENTIONED IN THIS ARTICLE
Odessa
Barrow Land Co
Andrews Project Hits Ellenburger In Block 9 Area
The Texas Company No. 1core in Block 9 Ellenburger field Andrews County found pay in the Ellenburger formation during a drillstem test. Two hours tested at 12,450 to 12,696 feet with surface gas and a 4,630 psi 30 minute shut-in. flow pressures reached 740 to 860 psi.
MENTIONED IN THIS ARTICLE
Texas Company
Texas
Ellenburger
Andrews County
Fusselman and
Sheil No
AA University
Midlands Farms
West-Elienburger
Borden — Great — Drig. Co
Mathew Baird
Renii
J. H. Gibson
Rafter Cross-Ellenburger Field
Also Mentioned on This Page
Texas Petroleum
Congress
Hatchet Mountain
New Mexico
Alaskan
Cosden
U.S
Peninsula
Humble Oil and Big. Co
Wildcat
America
Lubbock, Texas
Chaves
Area Spe
Leonard J. Larguier
Sohio Petroleum Co
Billings, Mont
Andrews
Service Pipe Line Company
Tulsa, Oklahoma
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