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Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Sep 15, 1957
Page
5
Oil industry reports record Middle East and Venezuela output while U S production wanes after the Suez crisis. Magnolia Petro firm cites strong demand for engineers across electronics, chemistry, geology, and related fields as oil majors hire graduates. Turner No 1 C B 8 Combs reaches 13 000 feet depth.
Nortex Oil and Gas Corp. locates an offset drill site in northern Howard County for a No. 1 Willis Winters et al. offset to the No. 1 C. W. Shafter Peen Reef discovery. The spot lies 660 feet from the north and east lines of Section 9, Block 25, H&TC survey, about 20 miles northeast of Big Spring with projected rotary depth 8,190 feet.
Atlantic City reporting on Benjamin F. Fairless addressing 1,200 refiners at the 55th National Petroleum Association meeting. He says modern business is driven by conscientious individuals, not mere profit, and that large firms are groups of people guided by personal ethics amid public scrutiny.
Keith E James senior chemist with Halliburton Oil Well Cementing in Duncan Oklahoma will speak at the Lubbock Section Society of Petroleum Engineers dinner September 19 at 6 30 p m Caprock Hotel The talk Fluid Behavior In Porous Media includes a related film showing surfactant treatment effects and aims to interpret fluid activity in unconsolidated rock James UT alumnus joined Halliburton in 1955 after stints with Proctor and Gamble Defense Corps and Atomic Energy Commission.
A rundown of active wells with exact locations and depths: Andrews area including Ashman and Hilliard No. 1 Bitter-Lowe shut in at four feet above bottom. Orson in COCHRAN area six miles southeast of Andrews drilling 11 870 feet in lime and shale. Great Wester No. 1 Martin northwest of Plains at 4 830 feet in dolomite. B. E. Miller near Lamesa 5 630 feet in lime and shale. Annie Miller near La mesa 6 690 feet in lime and shale. Sosebee No. 1 near Ropesville 4 468 feet in lime and anhydrite. Shappord No. 1 near New Moore 4 784 feet in lime. Frost No. 1 near Plains roaming 6 445 feet. total depth 6 492 feet in lime.
Midland and Denver based McRae Oil and Gas Corp acquires 100 percent of C L Pardo Oil and Gas Inc in a stock swap involving 175000 McRae shares. Pardo holds about 600000 barrels of proved crude reserves in the Old Ocean field southeast Texas. McRae says block would lift net income by roughly 17000 dollars monthly. Separately McRae begins an 8800 foot wildcat in Big Flat area Grand County Utah with a quarter interest and tools supplied.
Shell Oil Company announces a second productive find in the northern Palo Duro Basin in Oldham County. The No. 1 B Alamosa Ranch flowed 612 barrels daily on a test, at 7,664 feet depth, with 43.5 degrees gravity and a 1741 gas oil ratio, located near Vega, and 11 miles northwest of the Vega townsite.
J. W. Mitchell of Lubbock serves as supervisor for the north end of a 165 mile ten inch crude oil line from Griffith Indiana to Mus kegon Michigan. Construction began at Muskegon last August and advances about two miles daily with the south end to start near Chesterton this weekend. The line will carry about 26900 barrels of crude daily to two refineries in the Muskegon area. Other Service Pipe Line Co officials and Midwestern Constructors Inc. officials have been coordinating plans since Tuesday.
Weekly roundup details numerous oil and gas completions across Andrews County and surrounding areas. Entries cite company names such as Phillips Petroleum Co and Union University Lands entities, with precise section lines, elevations, pay, perfs, and production rates. Notable fields include University Lands and Spraberry formations, highlighting multiple wells with varied depths and tubing, along with associated ownership and survey data.
J M Reed former Pan American Petroleum district exploration superintendent in Lubbock plans to operate as an independent petroleum geology consultant. He will base at 1003 Great Plains Building with focus on Palo Duro and Anadarko basins and awaits completion of office setup.
A roundup lists multiple oil and gas lease blocks near Andrews and Franke City, detailing PSL survey blocks 28 and 18, acreage totals around 80 to 820 acres, and coordinates within sections 26, 34, 46, and surrounding areas. Mentions rotary rigs, depths, and various companies including Rutles-tiban, Associated Ol, and Jet Corp.
Continental Oil Co. completed a $320,000 petroleum products terminal two miles southwest of Grapevine on State Highway 121. G. T. Pearson, Fort Worth Southwestern, announced the completion Saturday.
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