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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Oct 22, 1961
Page
5
Gulf Oil Corp plans a deep Ellenburger test in Reeves County Texas at No 2 Reese Cleve with five inch liner and perforations to reach bottom water zone. Completion may squeeze water zone at depth to produce possibly the deepest West Texas producer if successful.
In a terse note the agency reports on a local oil venture. The partners are named Cheney Brothers and Nortex Oil & Gas Corporation. The page cryptically cites line items and section references without clear outcomes or dates.
The Bureau of Mines reports total domestic and foreign crude oil stocks at 251.857 million barrels for Oct 14, up 2 million from the prior week. Domestic crude fell 12.0 while foreign crude rose 20.12, with daily production at 7.153 million and runs to stills at 5.824 million. Stocks by origin show varied changes across Arkansas Northern Louisiana Gulf Louisiana New Mexico Oklahoma Texas and others.
Texans face a steep drop in crude oil and natural gas liquids as production plunges over five years. Officials warn the demand slump may widen a state sales tax deficit, with estimates indicating billions lost and a potential 2 billion overall impact. Local production fell sharply from peak levels, signaling a major financial strain and policy implications.
A ceremonial honoring of 26 men at a Chicago convention includes certificates of appreciation. The event references multiple corporate sponsors and recipients from Cleveland and California, with participation from companies such as Atlantic Refining Co and Shell Pipe Line Co.
A Federal Purchase Committee announces approval of a purchase in a garbled AP report. Names and details are partly unreadable, with references to Arkans and New York lists and various individuals. The fragmentary text obscures the exact items, parties, and dates involved.
Texas wildcatters report eleven oil wells with gas plants nearing completion in March. Phillips facilities shone last week as South Texas market activity rose with preorders and drilling results noting dry holes and higher daily production around 2.6 million barrels.
New technique lowers the cost of liquid hydrogen per unit, enabling easier production and potential use to power Atlas Centaur rock’s upper stage, with first firing planned later this year. The discovery comes from a New York petroleum company reported by Oil Facts.
SISMAR La Union Oil Co of California buys an adjacent tract near its Geismar gas extraction plant operated with Goliad Corp The deal cited by J E Sutles includes a price of 1200 dollars per acre as an investment with no expansion plans indicated
Fragmentary OCR text shows mixed words and names. readable items include references to Basin, Nake tania, Wallies, Sten, Mager Nea, Souter, and Kat Ware. Content is garbled with no clear event, person, or place acting as a cohesive story.
Geologist Jack Carnwright of Ten American Petroleum Corp spoke at the AIME chapter meeting in Moni. A brief recap notes he will speak on high level topics, with a short report to follow.
Three new DeGolyer Foundation book collections arrive at Southern Methodist University Dallas on loan. The Geology Library contains an estimated 25 000 to 35 000 volumes with rare imperial works, mainly focusing on early petroleum industry. The Western Library and Economic and Business History Collection add thousands of volumes. photocopies and films available to other colleges through SMU Library.
Fred S. Schwend of Warren Petroleum will headline the 161 Panhandle Plains regional NPGA meeting at the Herring Hotel Amarillo on November 17. Technical papers include a study on High Speed versus Low Speed Reciprocating Compressors and warehousing and inventory for the gas industry.
The Permian Basin Petroleum Association PBPA organizes to unite West Texas and Southeast New Mexico oil sectors. Joseph I O'Neill says the group will represent and advocate for the region with 55 West Texas counties and four Southeast NM counties forming membership.
In early oil history, cementing transformed wells. Erle Halliburton moved to Duncan in 1920 and built a fleet to cement wells, revolutionizing oil production and earning Duncan the title Oh Well Cementing Capital of the World. The practice evolved from cloth seeds and sand to cementing through water formations and casing protection.
Mobil Employee G Long Service Award honors Barnett for two years with Mobil C Company. District Superintendent J. M. Mevughin presented the emblem at a luncheon in Lubbock. Barnett, District Material Supervisor for the Lubbock Producing District, lives in Hamlin area with his wife Fern Jacobson. He joined Mobil in 194? and has held roles including Assistant Material Foreman.
U S and Mexican geologists will gather in El Paso for the International Bolism meeting of the Western Federation of Geologists. Dr Hohnson of the U S Geological Survey and Guillermo Silas of Instituto de Geologia will open the event with keynote addresses. Approximately 1607 geologists are expected, with sessions at the El Paso Hilton and Plaza Theater plans and social side trips organized by Brownins Hudson.
PITTSBURGH AP Archie Gray president of Gulf Oil Corp since 1958 retires on Saturday after 26 years with the company. He began in Texas and Houston, was an All-Southwest Conference athlete at the University, and is a former mayor of Ennis.
The Federal Power Commission plans to ban price escalation clauses in natural gas contracts. It argues such provisions create price instability and deter pipeline expansion, threatening producer and consumer interests. The agency will consider protests before finalizing the rules, with November 1 as a key milestone for producers.
The 250 foot U-1 submarine, first of 12 planned for the West German Navy, slipped into the Baltic Sea amid fanfare. Foreign experts call it a technical sensation with modern electronics and eight torpedo tubes. Commanded by Captain Kretschmer, the famed World War I figure nicknamed Wolf of the Atlantic.
Anthony J. Drexel Biddle, U S ambassador to Spain, is hospitalized at Walter Reed with lung cancer. Biopsies show anaplastic cancer of the right lung with lymph node spread and airway obstruction. Pneumonia and infection have worsened his condition despite antibiotics. X ray treatment to begin. Offshore drilling rig operates 70 miles off Louisiana, first rig this far from land.
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