Costs rise as wells go deeper in Texas fields
Texas oil and gas producers drilled more than 48 miles of hole daily in seven months of 1957 as operators push deeper for reserves. Pecos County wildcat wells surpassed 20,000 feet while average drilling costs rose toward 12. Republic of Texas study notes higher per foot costs and a lower wildcat success rate, with regional drilling shifts across West Central North Texas, West Texas, East Texas, Panhandle, and Gulf Coast areas.
MENTIONED IN THIS ARTICLE
Texas Oil and Gas Producers
Texas Mid
Continent Oil & Gas Association
Pecos County
Texas
West Texas
West Central-North Texas
Sprawline West
Southwest
Lower Gulf Coast
Middle
Upper Gulf Coast
East Texas
Panhandle
North Texas
Rock bit advances boost footage and service quality
Article surveys rapid upgrades in oilfield rock bits from 1910 to 1930s mixing lightweight portable rigs, automatic well control gear, and stronger engines. It highlights mass production, evolving metallurgy, and the shift from bulky field dressed bits to lighter, more durable units driving greater footage per bit and faster drilling.
MENTIONED IN THIS ARTICLE
Buthsmith
Pavelopime
Red Forest
Kerr to Speak on New Developments in Radioactive Logging
AIME meeting features Kerr lecture on latest in radiology act and practical interpretation. Kerr, a 1948 Texas Tech geology graduate, rose from rigman at Lane-Wells to district sales manager and has presented papers at geological societies and logging symposiums.
MENTIONED IN THIS ARTICLE
Sung Mf
Texas Tech
Kerr
Lane-Wells
AIME
Tractor and equipment price hike announced by International Harvester
International Harvester Co raised prices on farm tractors crawler tractors and certain construction equipment and farm implements by 5.5 to 6.9 percent. The note adds that some English railway stations now feature electric razor sockets for passenger convenience.
MENTIONED IN THIS ARTICLE
Chicago
International Harvester Co
Four Corners Oil Frontier Expands From Farmington to West
The Four Corners area across Arizona Utah Colorado and New Mexico becomes a new oil frontier as farm towns like Farmington New Mexico grow rapidly. Gas dominates the San Juan Basin with 17 trillion cubic feet of reserves and 2300 wells while crude output rises though pipelines and winter drilling challenges hinder progress.
MENTIONED IN THIS ARTICLE
Four Corners
Farmington
N.M
Lubbock
America
Utah
Colorado
San Juan
New Mexico
Arizona
Texas Tech Tax Conference Tackles Partnership and Estate Tax
The fifth annual Texas Tech Tax Conference runs Oct. 14 to 16. Parker J. Fielder of Midland will discuss Oil and Gas Sharing Arrangements and Termin ations and Reorganization of Partnerships. Robert H. Irving of Houston outlines Estate and Trust Taxation. Frank T. Rea of Houston covers Net Operating Loss Deduction methods. The event takes place in Tech's Union Building.
MENTIONED IN THIS ARTICLE
Texas Ai
Texas Tech
Parker J. Fielder
Midland
Robert H. Irving
Certified Public Accountant
Houston
Frank T. Rea
Godfrey W. Welsch
Tech
Union Building
Texas Refineries Embrace Automation For Three Decades
The Texas oil refining industry shifted to automated processing over 30 years ago, boosting demand and wages. Texas now hosts 57 refineries with a 2.586 million barrel per day capacity and accounts for 28 percent of U S crude oil processing. The Houston Beaumont area alone handles 1.975 million barrels daily.
MENTIONED IN THIS ARTICLE
Texas
American Petroleum Institute
Houston- Beaumont
Texas Gulf Coast
Gulf Coast
Mid-West
Petrochemicals sweep U S production and use surge
The article notes petrochemicals now appear in thousands of products from lipstick to medical materials. Gulf Coast plants dominate, with 150 companies producing 35 billion pounds annually, valued over 4 billion dollars. War era growth spurred expansion and new plants.
MENTIONED IN THIS ARTICLE
Petrochemicals
America
Texas
Gulf Coast
Baytown
Also Mentioned on This Page
Tex
Avelanche-Journel
Sun
H. L. Squires
Reed Roller Bit Co
Ely
A. J. Kerr
New Frontier
Tech Meeting
Tanxas
U.S
China
Standard Oil Prospectus
NEW Yorki
Standard Oil Co
New Jersey
Tulsa, Oklahoma
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