Petroleum engineers hold session on taxes and deficit impact
Houston hosts the Society of Petroleum Engineers fall meeting with 154 papers over 29 sessions at the Albert Thomas Center. Topics include U S deficit spending effects on oil markets, international trade, and the gold balance. executives and researchers from United Gas, Continental Oil, and Union Oil attend.
MENTIONED IN THIS ARTICLE
Houston
U. S
Society of Petroleum Engineers of
Aimee
Albert Thomas Convention and Exhibits Center
R. W. Everett
Chase Manhattan Bank
Everett
John G. McLean
Continental Oil Co
Suez Canal
E. D. Ernst
American International Oil Co
Delaware-Val Verde Basin
George Fish
Union Oil Co
California
Ellis
Oil Producers Protest Maine Foreign Trade Zone Refinery Plan
Domestic oil interests urge President Johnson to block a proposed 300000 barrel refinery in a Maine Foreign Trade Zone. The plan would run on foreign oil, threaten the oil import program, and cost the U S an estimated 300 million dollars yearly. Harold M McClure Jr of the Petroleum Association of America notes it could prompt similar moves by other refiners.
MENTIONED IN THIS ARTICLE
Washington
Johnson
Maine
Petroleum Assn. of America
Harold M. McClure, Jr
Alma, Mich
Oilman
Ihe
McClure
Occidental Petroleum Corp
Smith
IPAA
Commerce
C. R. Smith
Interior
Stewart Udall
Foreign ‘Trade ‘Zone Board
Udall
TRC Plans Individual Well Allowables Change
The Texas Railroad Commission will switch to a computer system that allows setting oil allowables for individual wells starting July 1. Allowables will be calculated monthly per well from assigned daily allowables and supplements, adjusted to the nearest barrel, with lease totals as the sum of all well allowables on the case.
MENTIONED IN THIS ARTICLE
Austin
Texas Railroad Commission
Udall finalizes ban on oil shale mining lands
Secretary Udall permanently withdraws about 7.9 million acres of Colorado Utah and Wyoming oil shale lands from metal mining claims while allowing sodium leases that do not disturb the shale. The move aims to clear title to vast oil shale reserves estimated at many times current proven oil.
MENTIONED IN THIS ARTICLE
Washington
Secretary of the Interior
Stewart L. Udall
Colorado
Utah
Wyoming
Udall
Continental Oil Hits New Pay Zone in California
Continental Oil Co. reports a new oil pay zone discovery in the San Miguelito field area of Ventura County California. On a 24 hour test the Grubb No 451 well flowed 504 barrels from sands at 7 821 to 8 629 feet. Additional drilling will determine reservoir extent. The field has produced since its 1931 discovery.
MENTIONED IN THIS ARTICLE
Houston (Special
Continental Oil Co
San Miguelito Field
Ventura County
Calif
San Miguelito
Continental
Natural Gas Producers Plan Meet in Shreveport 1968
The Southern Regional Meeting of the Natural Gas Processors Association will take place Thursday October 10 1968 at the Captain Shreve Hotel Shreveport Louisiana. J A Helyer chief counsel National Petroleum-Refiners Association Washington DC will speak on current safety legislation in Congress.
MENTIONED IN THIS ARTICLE
The
Natural Gas Processors Association
Shreveport
Louisiana
Captain Shreve
J. A. Helyer
National Petroleum — Refiners Association
Washington, D. C
Congress
NGPA
RC. Hartman
Atlantic-Richfield Company
Dallas
Lee i Trentham
Trentham Corp
Houston
East
Texas
Howard Grekel
Pan American Petroleum Corp
Tulsa
J. R. Stevenson
Rockwell Mfg
Valve Division
du Bois
Pennsylvania
Helyer
John McCutchen
United ‘Gas Pipeline Co
L. Z. Mallory
Fish Engineering and ‘Construction Co
Frank Finfrock
Cities Service Oil Co
W. F. Martin
Arkla Chemical Corp
J. R. Mottley
Getty Oil Co
Kilgore
John Ballard
Caddo Pine Island Corp
Oil City
W. O. Medlin
Continental Oil Co
R. E. Scurlock
Warren Petroleum Corp
Gladewater
Natural Gas Processors Suppliers Association
John Thompson
Lynn McGuffy Co
D. E. Sullenberger
A. C.wimpee
Hunt Oil Co
Phillips Petroleum Company
Artesia College appoints division chairmen
Dr. Alvin Meibohm and Dr. Louis C. Pitchford are named division chairmen at The College Of Artesia. Meibohm becomes chairman of natural sciences while Pitchford chairs the division of social sciences. They will advise the related departments.
MENTIONED IN THIS ARTICLE
Artesia
M. L. Stiff
College of Artesia
Alvin Meibohm
Louis C. Pitchford
Meibohm
Pitchford
Oil Firms Not Hit Hard By Foreign Spending Cut
US oil companies largely escape damage from foreign-spending controls thanks to success in overseas loans. Journal notes executives expect continued controls for years, with a wait-and-see stance after the November election.
MENTIONED IN THIS ARTICLE
Tulsa
Qj and Gas Journal
Venezuela
Comepanies
Oil allowables stay unchanged in Texas and New Mexico
Texas keeps October crude oil allowable at 41.3 percent or 3,246,026 barrels per day while New Mexico maintains 58 barrel per day unit in the southeast and 70 per well in the northwest. Major buyers largely keep September levels with modest shifts.
MENTIONED IN THIS ARTICLE
Texas
New Mexico
Texas Railroad Commission
New Mexico Oil Conservation Commission
Northwest
Humble Oil & Refining Co
Cities Service Oil Co
Gulf Oil Corp
Sun Oil Co
Commission
Jim Langdon
TRC
Humble
Cities Service
Carter Grinstead
R. F. Thornburg
Gulf
Mobil Oil Corp
Texas Independent Producers
Tipro Assn
TIPRO
Atlantic Richfield
Cities
Continental
Mobil
Pan American
Phillips
Pure
Shell
Sinclair
Standard of Texas
Sun
Texaco
OCC
Ray Rissen
Signal Oil and Gas Co
Southeast
Conveyor Belt To Haul Coal From Putnam Mine
A 514 mile conveyor belt planned for West Virginia will transport 1200 tons of coal per hour from the Putnam Coal mine to the Kanawha River. The rope driven system uses dual 600 horsepower motors and operates at 650 feet per minute once in service this December.
MENTIONED IN THIS ARTICLE
Union Carbide
Lin
Putnam
West Virginia
Kanawha River
Gulf Oil Adopts New Stock Plan
Gulf Oil Corp shareholders approved a two for one stock split and adopted a new stock option plan. Authorized capital stock changes from 150 million shares at 8.33 par to 300 million no par. Shareholders must surrender current certificates. certificates for one extra share per share will be mailed Oct 25.
MENTIONED IN THIS ARTICLE
Pittsburgh
Gulf Oil Corp
Hart's Farmers Donate Grain and Potatoes for Buckner Boys Ranch
Hart area farmers shipped 47,000 pounds of grain and 3,000 pounds of potatoes to Buckner Boys Ranch in Burnett. The delivery was made by Rev. C. T. Cunningham and Ike Bennett of Hart Baptist Church with a truck furnished by DeWayne Brown and F. L. Bass Jr.
MENTIONED IN THIS ARTICLE
Hart
Hart Area
Buckner Boys Ranch
Burnett
C. T. Cunningham
Hart Baptist Church
Ike Bennett
Offshore Airports Renewed Study Feasibility Questioned
Washington reports renewed FAA interest in offshore airports as a feasible construction solution to aviation congestion. Acting administrator D D Thomas told Rep. Roman Pucinski that offshore airports are feasible and the study was paused last year for higher priority research funding. Pucinski called the letter encouraging amid calls for a Chicago lakefront airport to ease traffic and noise.
MENTIONED IN THIS ARTICLE
Washington
UPS
D. D. Thomas
Federal Aviation Administration
Roman C. Pucinski
D-Ill
Pucinski
Chicago
Lake Michigan
Hart IPTA elects new officers including Rev. Fred Brown
The Hart IPTA announces its new officers led by President the Rev. Fred Brown and Vice President Mrs. Charles Clark. Also named are Secretary Mrs. Preston Upshaw Treasurer Ike Bennett Historian Mrs. Deryl Clevenger and Parliamentarian Hubert Cheatham.
MENTIONED IN THIS ARTICLE
Hart
Hart Ipta
Fred Brown
Charles Clark
Preston Upshaw
Ike Bennett
Dery] Clevenger
Hubert Cheatham
Pensioners Protest Power Rate Increases in London
London pensioners rally against rising electricity prices as they demand relief from higher rates and discuss the impact on cooling costs during hot weather. Several groups join the demonstration, urging government action to curb price hikes.
Shell Oil Chief To Address Dallas Meeting
The head of Shell Oil Company Richard C. McCurdy will address the Ten as Mid-Continent Oil and Gas Assn 49th annual meeting in Dallas October 14 15. Association President Corbin J Robertson announced that about 600 Texas oil and gas leaders will attend. McCurdy will speak at the general session October 15 along with Commerce Secretary C R Smith.
MENTIONED IN THIS ARTICLE
Dallas
Tenas Mid-Continent Oil & Gas Assn
Association
Corbin J. Robertson
Texas Oil and Gas
Richard C. McCurdy
Shell Oil Company
McCurdy
C. R. ‘Smith
Shell
Newton
Iowa
Shell Oil
Ventura
Middle East oil boom endures war era
AP Oil Writer Max B. Skelton reports that the Arab-Israeli war barely affected 1967 crude output. Middle East production averaged about 10.08 million barrels per day, with Libya at 1.735 million bpd, up 15.7 percent from 1966, and new output added in 1968.
MENTIONED IN THIS ARTICLE
Houston
Middle East
Libya
Mid-Dle East
Man Observes Anniversary With Oil Firm
Leon Moore a field gauger for Shell Pipe Line Corporation West Texas Division Northern District Denver City recently observed 35 years of service with the firm Moore began his career in September 1933 serving on surveys in the West Texas Division In 1935 he was appointed gauger at Harrell Tank Farms in McCamey In 1939 he moved to Denver City as field gauger in Wasson Field In 1952 he became district chief gauger and in July 1953 assumed his present duties with output over 3 million barrels expected by year end The wider oil and gas trends note Latin America production gains and shifts in Europe Africa and Australia with Venezuela leading crude flows in July 1967 and Nigeria Nigeria production changes tied to civil strife Trinidad and Tobago and Bolivia also show notable increases and pipeline developments across the region
MENTIONED IN THIS ARTICLE
Leon. Moore
Shell Pipe Line Corporation
West Texas
Denver City
Moore
Shell
Harrell Tank Farms
McCamey
Wasson Field
Hobbs
Libya
Venezuela
United States
Soviet Union
American Association of Petroleum Geologists
Australia
North Sea
Netherlands
Europe
Barrow
Nigeria
Trinidad and Tobago
Bolivia
Arica
Chile
Mexico
Renaissance urged in oil industry by Houston geologist
Houston geologist Halbouty urged a renaissance of bold thinking to uncover new petroleum sources as easy oil is gone. UT Austin experts warned resources are finite and population growth demands careful management and new purification methods for water and waste disposal.
MENTIONED IN THIS ARTICLE
Austin
Houston
Michel T. Halboury
Texas
American Institute of Professional Geologists
University of Texas At Austin
Halbouty
Earl Ingerson
UT Austin
Idr
Stanley Arbingast
UT Bureau of Business Research
John T. Galey
AIPG
E Gus Frith
Martin C. Wukasch
Texas State Health Department
F. W. Jessen
Oil and Gas Well Report By Railroad Commission
The Railroad Commission reported 95 oil wells and 90 gas wells completed in Texas last week. Year totals show 3,700 oil wells and 1,713 gas wells, with 103 wells plugged including 51 dry holes. One wildcat oil well was drilled in Midland. twelve wildcat gas wells were drilled across Corpus Christi, San Antonio No 2, Houston, and Kilgore districts.
MENTIONED IN THIS ARTICLE
Austin
The
Texas Railroad Commission
Texas
Midland
Corpus Christi
San Antonio
No. 2
Houston
Ikilgore
Also Mentioned on This Page
Lybia
Zuellina
Mediterranean
SPE
William F. Ellis
United Gas Pipe Line Co
Ed A. Rassinier
Trunkline Gag Co
Missouri School of Mines and Metallurgy
U.S. Corps of Engineers
United Gas
Rassinier
Society
Missippi
Mississippi State
Louisville Gas and Electric Company
Continental Oil
Natural Gas Producers
Commerce Department
Canada
Latin America
U. Ss
Gulf Oil
Hart’s Farmers
London
Shell Oil Chief
R, C, McCurdy
Max B. Skelton
Leon Moore
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