Drilling Costs Rise in U S Petroleum Industry in 1962
A joint survey shows U S petroleum industry spending on drilling and equipping wells rose 7.5 percent in 1962 to about $2.6 billion, despite a slight drop in wells drilled. Deeper drilling increased dry holes to 4,933 feet on average, with per foot costs up to $11.20. Offshore activity climbed about 27 percent to 7.8 million feet, totaling around $272 million in expenditures. Louisiana led state spending with over $102 million rise, while New Mexico fell 7.4 percent.
MENTIONED IN THIS ARTICLE
United States
American Petroleum Institute
Independent Petroleum Association of America
Mid-Continent Oil & Gas Association
Louisiana
New Mexico
Staet
IPAA Conference Draws Dignitaries in Houston
The 35th annual IPAA meeting runs Oct 25 27 at the Shamrock Hilton Houston with Lt Gen William O Senter charged with Defense Fuel Supply Center overseeing military petroleum purchases. Rear Admiral O P Lattu and Dr Kenneth McFarland join as speakers as H A True Jr leads as president.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
General Motors
Independent Petroleum Association of America
Houston
Shamrock Hilton Hotel
William O. Senter
Defense Fuel Supply Center
Washington, D. C
General Senter
United States
Defense Department
IPAA
O. P. Lattu
Office of Oil and Gas
Department of Interior
Military Petroleum — Supply, Agency
Armed Services Petroleum Purchasing Agency
Jerome J. O'Brien
Admiral Lattu
Interior Department
Kenneth McFarland
General Motors Corp
McFarland
JPAA
H. A. True, Jr
Casper
Wyo
Madrid trial blue zone allows 90 minute parking step
In Madrid a blue zone scheme lets drivers park up to 90 minutes in busy districts if they set a prescribed indicator showing arrival and departure times. Early week issues arose when many drivers moved to new spots after the initial 90 minutes.
MENTIONED IN THIS ARTICLE
Madrid
Spain
New Automobiles To Require Higher Octane Gasoline
Tulsa special reports that 1965 cars will demand higher octane fuel, with about 3 percent needing premium. The Oil and Gas Journal notes power and size drive the shift, listing octane gains, higher compression ratios, larger pistons, and 10 to 15 horsepower increases along with expanded fuel tanks and optional dragstrip engines.
MENTIONED IN THIS ARTICLE
Tulsa
The
Oil and Gas Journal
Sears
Journal
Esso Houston Tanker Launch Set For 1964 Delivery
The Esso Houston, first of two Humble Oil tankers built at Newport News, is scheduled to launch Sept. 26 and christened by Mrs. Carl E. Reistle Jr. The 800 foot vessel features streamlined design, 21 cargo tanks, single automated boiler, and a silicate coating to reduce corrosion.
MENTIONED IN THIS ARTICLE
Esso Houston
Newport News
Esso
Boston
Baltimore
Houston
Oil Production Shows Increase
Oil output rose for the fifth straight week according to The Oil and Gas Journal. For week ended Sept 12 daily crude and condensate totals reached 7 581 820 barrels, up 16 970 from the prior week. Texas produced 2 628 250 barrels daily, up 21 400. Louisiana 1 527 550, up 14 570. Kansas 282 600, down 8 100. Oklahoma 544 800, down 6 900. California around 16 800 barrels daily.
MENTIONED IN THIS ARTICLE
Tulsa
Oil and Gas Journal
Texas
Louisiana
Kansas
Oklahoma
California
Railroad Commission Sets Austin Hearing for Texaco Rule
The Railroad Commission will hold a hearing in Austin on October 16 to consider Texaco's request to adopt a calendar day testing rule for the Ratliff field in El County.
MENTIONED IN THIS ARTICLE
Railroad Commission
Austin
State Railroad Commission
Texaco
Ratliff
Eltenburger
Eketor
Scottish Woolen Makers Call Out Japanese Labeling Tactics
The National Association of Scottish Woolen Manufacturers condemns sharp practice in labeling. Secretary Edward Agien cites alleged use of names like Stuart Mackenzie Nicholson Anderson Sceatt and Campbell on Oriental textiles.
MENTIONED IN THIS ARTICLE
HIT
SHARP
Edinburgh
Scotland
National Association of Scottish Woolen Manufacturers
Association
Edward Agien
Stuart
Mackenzie
Nicholson
Anderson
Sceatt
Campbell
Distinguished Service Awards For ALC Texas Oil Group
The Texas Mid-Continent Oil and Gas Association will honor Alvin C. Hope of San Antonio and M. J. Rathbone of New York with Distinguished Service Awards at the closing session of its 45th Annual Meeting in Dallas set for September 28 to 30. Hope, a former ISPAA president and veteran operator, helped develop the Bowen Hope field and led oil operations during wartime. Rathbone, longtime Standard Oil executive, rose to chairman of the parent company.
MENTIONED IN THIS ARTICLE
Texas Mid-Continent Oil & Gas Association
Alvin C. Hope
San Antonio
M. J. Rathbone
New York
Standard Oil Co
Texas
Association
Dallas
Hope
Independent Petroleum Association of America
Bowen-Hope
Nolan County
Emergency Petroleum and Gas
Rathbone
New Jersey
Jersey Standard
Baton Rouge
Standard of Louisiana
Esso Standard
Glenn M. Green Named OIC Program Chairman
Glenn M. Green of Houston, Tidewater Oil Co. public relations manager for the southern division, was named chairman of the Employee Information Program for the Oil Information Committee of Texas Mid-Continent Oil & Gas Association. He succeeds David N. Tyre who moved to New York. Green, a former reporter and editor with McGraw-Hill, and a Texas A&M and UT alumnus, will oversee EIP efforts informing oil and gas workers on industry matters.
MENTIONED IN THIS ARTICLE
Dallas
Glenn M. Green
Houston
Tidewater Oil Co
Southern
Beeen
Oil Information Committee
Texas Mid-Continent Oil & Gas Association
Green
OIC
Texas
J. A. Horner
Shell Pipe Line Corp
State Oic
EIP
David N. Tyre
Humble Oil & Refining Co
New York
Austin
Washington, D.C
McGraw-Hill Publishing Co
Tidewater
Texas A&m
University of Texas
Cooperation Of API Extended To Culture Group
The American Petroleum Institute pledges full cooperation with the American Landmarks Celebration. API President Frank N. Ikard urges other petroleum groups to join, aligning with the International Campaign for Monuments to protect cultural property and preserve landscapes through November 30. Ikard cites auto heritage trails and praises governors and civic leaders for promoting historic site visitation. Gordon Gray chairs the National Trust for Historic Preservation, with Stewart Udall as co chair.
MENTIONED IN THIS ARTICLE
New York
American Petroleum Institute
Institute
Frank N. Ikard
Ikard
United States
U.S
Ticard
API
Gordon Gray
National Trust For Historic Preservation
Gray
Interior
Stewart L. Udall
Natural gas pipeline executives study federal controls in meet
New York AP The Natural Gas Association of America plans meetings in which 2,500 members will hear Federal Power Commission chair Joseph Swidler discuss federal controls described as a morass of untested theories. Leaders urge unity to push for favorable rate treatment and producer legislation amid a slim chance of decontrol without presidential endorsement.
MENTIONED IN THIS ARTICLE
Max B. Skelton
New York
Joseph Swidler
Federal Power Commission
FPC
Independent
Natural Gas Association of America
Tennessee Gas
Association
G. P. Garver
Chicago
Texas Independent Oil and Gas
Garver
Natural Gas Pipeline Co. of America
Swidler
Johnson
Barry Goldwater
Halliburton Names Obie L. Stalcup Regional Vice President
Obie L. Stalcup, a 33 year Halliburton veteran and manager of the southern region, was elected regional vice president by the board. He began in 1931 at Duncan Oklahoma shops, moved to field operations in 1933, and has served across the Mid-Continent and Rocky Mountain oil areas before returning to Duncan as regional manager in 1963. The southern region includes Corpus Christi Houston Shreveport New Orleans divisions and offshore Gulf of Mexico operations.
MENTIONED IN THIS ARTICLE
Obie L. Stalcup
Halliburton Co
Stalcup
Halliburton c
Duncan, Okla
Mid-Continent
Rocky Mountain
Duncan
Corpus Christi
Houston
Shreveport
New Orleans
Gulf of Mexico
Decrease Noted In Rotary Rigs In Permian Area
The Friday survey by Reed Roller, Bit Co. shows 193 rotary drilling rigs in the Permian Empire, down from 201 the prior week and three below 196 a year ago. Lea County leads with 37 rigs, Pecos County up to 20, Yoakum 14, with detailed counts by county and operator listed.
MENTIONED IN THIS ARTICLE
Permian
Permian Empire
Reed Roller, Bit Co
Lea County
Pecos County
Yoakum County
Andrews
Hound 95 Malley
Borden
Fe Culberson
Dawn
Keto
Bally
Galen
Ti Workles
Sy Meward
Kent
Ban
Lavink
Reagan
Reeves
Monevelt
and &T Runnels
Schlenker
Scurty
Ti Sterling
Stonewall
Tom Green
Upton
Ward
Winkler
Voacumy
Phillips Elects Committeeman J H W Lyon to Executive Committee
J W H Lyon, vice president and sales consultant for Phillips Petroleum, has been elected to the company's executive committee. Adams, chairman of the board, notes Lyon's long service in the leg department since 1928, rising through supervisory and executive roles before becoming vice president of sales in 1959 and joining the board in 1962.
MENTIONED IN THIS ARTICLE
J. HW. Lyon
Phillips Petroleum Co
K. S. Adams
Lyon
The
Oil Base Inc names Norton as general plant superintendent
Oil Base Inc and president George Miller announced Thomas R. Norton as general plant superintendent. Norton joined the Houston based drilling fluid maker in 1953 and over 11 years rose from lab technician to management of several mining and manufacturing facilities.
MENTIONED IN THIS ARTICLE
Oil Base, Inc
Thomas R. Norton
George Miller
Hous Jton
Norton
New Directions in Management course announced
A 10 hour management course sponsored by the Retail Merchants Association will be held at 7 30 p m Monday September 28 in the Community Room. The University of Texas Division of Extension will conduct the program with Mrs Mary Frances Bowden supervising and teaching the management training segment.
MENTIONED IN THIS ARTICLE
Alan
University of Texas’ Division of Extension
Mra
Mary Frances Bowden
University
Waterflood plan for Wasson Field prompts questions in Texas
Shell Oil proposes Denver San Andres Unit in Wasson Field Yoakum Gaines counties using Ogallala water for injection with 88 wells. Officials defend that total water use will be small relative to regional supplies and irrigation needs, while noting brackish sources are limited and gas injection offers lower recovery.
MENTIONED IN THIS ARTICLE
Wasson
Yoakum
Gaines County
Texas Railroad Commission
Shell Oil Co
Russell Pool
San Andres
Denver
Ogallala
High Plains
Lubbock
Midland
Shell
Texas
Gaines
Andrews
Terry
Cochran
Hockley
Lamb
Texas Water Commission
Odessa
Ector County
West Texas
Capitan Reef
Kermit
Ector
New Completions Down For Week
U S oil and gas firms reported 773 well completions in the week ending Sept 12, down 104 from the prior week. Texas totals fell 48 to 229 completions, Oklahoma down 32 to 56, Kansas 71 completions down 14, while Louisiana rose to 147 with a net gain of 62. The total included 340 crude producers 82 gas producers and 320 dry holes plus 31 service wells and 198 wildcats yielding 38 producers and 160 dry holes.
MENTIONED IN THIS ARTICLE
Tulsa
U.S
World beef production rises to 29.6 million tons in 1963
Rome AP report says FAO estimates global beef output in 1963 at about 29.6 million tons, up four percent from 1962. The increase reflects stronger cattle production amid changing market conditions.
MENTIONED IN THIS ARTICLE
Rome
UN Food and Agriculture Organization
Also Mentioned on This Page
Lubbock, Texas
C. P. Lattu
True
National Trade Organization of Independent Oil and Gas Producers
Rocky Mountains
True Oil Co
True Drilling Co
True Service Co
True Building Corp
Toolpushers Supply Co
Belle Fourche Pipeline Co
Little Smokey Oil Co
Rocky Mountain Oil & Gas Association
Wyoming Oil Industry Committee
Wyoming
Shamrock Hilton
Lone Star Steel Co
W. C. Senter
Arvin C. Hope
ALC
Westbrook
Seabord Oil Co
Rowan & Hope
Shell Oil:co
OIC Program
Firm
Phillips
D.C
EMSCO
Waukesha Olro
Hall Scott
Oilwell
Shafferahydril-Cman
Texan
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