Garza Strike Offset Wildcat Drilling Off West Lea County NM
Gas shows reported in multiple tests on the Garza Forest No 1 and No 2 wells in Lea County New Mexico. Drilling advances below 12 thousands feet with small gas shows and mud recovery details from the Morrow and Credo Wolfcamp zones.
MENTIONED IN THIS ARTICLE
West Lea County
N. M
Pan Dowie Petroleum
Pp No
Federal
Mallamar
Garza — Forest O 1 Corp
Midland
C. W. Guthrie
Gekes
Glorieta
Garza
Post
K. Aycock
Roden Oil Co
Conden Conden SC
Alileamn Corp
Credo
Wolfcamp
Montoya
W&nw
Big Spring
Odessa Natural Gas Co
Amacker Tippett
Offshore oil boom drives deeper water drilling advances
Americans push offshore, using remote controlled equipment to place and operate drilling gear from the surface. Floating rigs and deepwater tools expand exploration along the coasts and Gulf of Mexico, with industry investment surpassing three billion dollars and offshore wells rising to 538 in 1960.
MENTIONED IN THIS ARTICLE
New York
Pment
Gulf of Mexico
West Central Texas Oil & Gas Assn Meeting Slated
The 29th Annual Meeting of the West Central Texas Oil & Gas Assn will be held in Abilene on Thursday October 18 1962 with a theme Conservation and Economics. Speakers include Charles W. Alcorn Wallace W. Wilson Henry D Ralph and W J Murray Jr the RR Commission head. The morning session opens with a report by W N Tindell on the association Conservation and Regulation Committee work to date.
MENTIONED IN THIS ARTICLE
Abilene
West Central Texas Oil & Gas Assn
Charles W. Alcorn
Committee For Equitable Development of
Texas Oil & Gas Resources
Wallace W. Wilson
Continental Illinois Bank and Trust Co
Henry D. Ralph
the Oil & Gas Journal
Railroad Commission of Texas
W. N. Tindell
Association
Conservation & Regulation Committee
Tindell
Oil Group Grants Tech 2500 Dollar Student Fund
The Petroleum Industry Electrical Association provides Texas Tech a 2500 dollar student aid fund for personal, zero interest loans to deserving juniors, seniors, or graduate students in electrical engineering. Loans up to 500 dollars each. The fund is Tech’s sixth such contribution and the association has 400 members from 78 companies. Benny J. Ballard presented the check to Dr. Harold Spuhler.
MENTIONED IN THIS ARTICLE
Lubbock
Texas Tech
Petroleum Industry Electrical Assa
At Tech
Harold Spuhler
Tech Electrical Engineering
Benny J. Ballard
Beaumont
Tech
Big 100 Firms Earn 2.3 Cents For Growth
A First National Bank of New York survey as reported by Oil Facts shows America’s 100 largest manufacturers grossing $137.8 billion annually but leaving only 2.3 cents per dollar for growth after expenses taxes and holdings. The group includes 15 petroleum producers and refiners with $24,000 invested per job. petroleum per worker investment hits $72,000. More profit is needed to sustain jobs and world competitiveness.
MENTIONED IN THIS ARTICLE
New York
America
First National Bank of New York
Oil Facts
American Petroleum Institute
U. S. Bureau of Roads
District of Columbia
Missouri
New Mexico
Delaware
Nevada
Texas
Bureau
Lone Star
California
Arizona
Utah
Florida
Ohio
Pennsylvania
Brice to retire at Humble. Galloway to lead Central Region
Houston based Humble Oil announces John W. Brice will retire Nov 1 after 35 years with Standard Oil affiliates. James H. Galloway will replace him as vice president in charge of Humble's 20 state Central Region, moving from Central Region general manager. Chas. F. Jones to succeed Galloway, while W. M. McCardell succeeds Jones at Houston HQ planning unit.
MENTIONED IN THIS ARTICLE
Houston
Brice
Standard Oil Co
New Jersey
Humble
Special
North
Carroll
Wee
Knott Sur
Crosby
Conoco
Griffith
Griffth
G&sf Sur
Sentir
Bec
Wale
Latrick
Csel&rr
Atill
Champlin
Mitchell
St. Capitol Labs
Sur
Lynn
Jones
El&rr Sur
Matador
Matador Sur
Terry — Cities Service
Bik
Elarr Aur
Berendie
Walker
Bik Son Sur
Ilme
Shale
SEVLY
Thomas
Gibson Sur
Central Basin Area
Andrews
Coaden
Parmer
Lab
Lgc
Parmer Csl Sur
Ity Ag
Pe Pan Am
Not - AU Fashkea
Bieil
G&mm
Spike
Drig
Rade
Seminole
Wollcamp
Rsb
Ae Fairnen
CCSD
aRaNa
Ashman & Hilliard
Wimberly
CCS NG Sur
Howard — Pure N Chalk LS
Wa&NW_ sur
Longshore
Tap Sur
We - Welcott Lab
Harley Csl Sur
Mitchell —Johnson Walker
Aldrich
Flbumjo-Nah
HATC
Youngblood & Ynee
Rector
Rodman Sur
South Basin
Barnes
B. Williams
PSL Sur
Faksen
Tan
Gammbaa
Abo Reef
New Mexico
Chaves — Henson
DE Eaca — Petroleum Consultants
Eddy — Lowe
Indias Basin
Morrow
Omers
Maakamer
Hundson
Humbledar Hills
Reaves & Ritchie
Federal
Lea Humble
Edo
McKee
Grante
Pieters
Tidewater
Forest
Lea
Midwest
Reed
Mallamar
Greenwood
Ee & Baffisle
Emerald
Cenaten
Middieton
Ktrawn
Makati
Bee
Nelly
Del
Weanie
Mec
Hoong
San Andriorar Dan
Reine
Minto Shell
Fee
Ashmen & Hillard
Parva Bec
Rive
Witte
Stations Privatly Owned New York Spreads Across Nation
Special report notes about 90 percent of the nation's 206 service stations are owned or operated by local businessmen in New York and across the country. The data reflects private ownership patterns affecting distribution and local control.
MENTIONED IN THIS ARTICLE
New York
Wells Rigs Down Oil Drilling Heads For New Low
Oilwell drilling activity in Tulsa area is dropping toward a new yearly low as reports indicate reduced rig counts and softer exploration. Industry sources note a slowdown across offshore and onshore sites with prices and demand influencing recent activity.
Basin oilfield activity slows with fewer rotary rigs
A dense field description lists wells and drilling actions across the North and Central Basin areas with numerous operators. The American Association of Oilwell Drilling Contractors projects a 15 year low in rotary rigs and a drop in new well completions in 1962, though total footage may rise above 1960–61 levels.
MENTIONED IN THIS ARTICLE
American Assn. of Oilwell Drilling Contractors
Association
Warren L. Baker
Baker
Locations And Completions In Southeast New Mexico and West Texas
A compilation of oil well locations and completions across Lea Roosevelt West Texas Culberson Ector Gaines Seminole Winkler and surrounding areas. Entries reference operators Cactus Drilling Texaco Gulf Oil and others, with field designations sec-tn, distances, and lot specifics for numerous wells.
MENTIONED IN THIS ARTICLE
New Mexico
Lea
Skelly Oil Co
Hobbs
State
e-Cactus Drilling Co
Roosevelt
Milneland
San Anadres
TA Oil
Midland
Taylor
Fsa&wla
c-Cactus Drilling Co
West Texas
Culberson
Gersidine-Ford
Texaco
Bik
Aor Sur
Orla
Ise
Rtector — Goldsmith (Sa
Owwo— Herbert Oil Co
H. E. Cummins
PSL
Sur
Goldsmith
Gaines
N-Robertson
Gordon Knox
Assoc
Aikman Bros
Gulf
Mentone
Winkler Keystone
Colby
Seth Campbell
Fn&wis
L Sur
Nekermit
Welen Oat
Bo Pd
Arator
Wnt
Eltenburger
Humbie No
Pir A Co Rgng Sur
Gor
Arac
Garza Sant Garza
Gierteta
Forest Oil
Ada Webb
D&a
Gh&h
Alge
Cp Pr
Gal. Hockley — Smyer
OWWO
Pan America
Wis
Evellund
Montgomey + Davies
Reeves — Weel
Waka
Delaware
Hill & Meeker
Jack Frost
Bec
PSL Sur
Hinclair
Fnwa&sel
Elon
Sun
Keystone
Attle Frael
RIK
Pal
Sen Smith
Uae
Tae
OAKUM
Wasson Wichita Alben
Gee
Bik Dug
H. Gibson
Second Phase Of Mohole Set To Start In Puerto Rico
The second phase of the Mohole drilling project, a $35 to $50 million effort, begins next week in Puerto Rico. Scientists aim to drill to the mantle to study crust and mantle composition, using a 1000-foot test near Mayaguez and a diamond-studded bit to collect core samples.
MENTIONED IN THIS ARTICLE
MAX B. SKELTON _ HOUSTON
Puerto Rico
Mayaguez
Mohole
National Science Foundation
National Academy of Sciences
National Foundation
Brown & Root Inc
Houston
Boyle Bros. Drilling Co
Salt Lake City
Texas oil economist Richard Gonzalez and William Goldston win Dist
Dr Richard J Gonzalez of Humble Oil and William J Goldston of Goldston Oil Corp were named 1962 Distinguished Service Award recipients by the Texas Mid Continent Oil & Gas Association. The honors honor their decades of service to the industry. The awards will be presented at the association’s 43rd annual meeting October 8–10 at the Sheraton Dallas Hotel.
MENTIONED IN THIS ARTICLE
Dallas
William J. Goldston
Houston
Richard J. Gonzalez
Texas
Mid - Continent Oil & Gas Association
Association
J. Clyde Tomlinson
Sheraton-Dallas
Goldston
Mid-Continent Oil & Gas Assn
Goldston Oil Corp
Walter
East Texas
North Carolina
Univerisity of
Oklahoma
Goldrus Drilling Co
First City
National Bank of Houston
Movible Offshore Company
Tex-Tube, Inc
Gonzalez
Humble Oil & Refining Company
San Antonio
University of Texas
Phi Beta Kappa
Humble Co
Shell marks 50th year of founding in Seattle ceremony
The 50th anniversary of Shell Oil Co founding was celebrated with a Seattle ceremony at the first depot site. A plaque was unveiled by J C Van Eck and Governor Rosellini. Mayor Clinton and Shell leaders spoke. The piece traces Shell's Seattle roots in 1912 and growth into a major U S producer with Texas and New Mexico operations. It also includes a garbled insert of oil field survey notes and a brief note on Winston Churchill’s sadness over a poodle’s death.
MENTIONED IN THIS ARTICLE
Shell Oil Co
Seattle
Shell
Seattle Chamber of Commerce
A. D. Rosellini
Washington
Monroe E. Spaght
J. C. van Eck
Permian Basin
West Texas
World- Powell
Crockett County
Midland
Texas
New Mexico
United States
Basin Plains rig counts dip to new lows this week
Basin totals fall to 207 rig units from 218 last week while Plains count slides to 112 from 118. Lea County New Mexico leads with 28 rigs followed by Gaines and Andrews with 15 each Ec tor 13 Ward and Dawson 10 each. South Plains bold face with Sept 28 vs Sept 21 figures.
MENTIONED IN THIS ARTICLE
Permian Basin
South Plains
Plains County
New Mexico
Lea County
Basin
Plains
N. M
Gaines and
Andrews
Ector
Ward and
Dawson
Borden
iChaves
Cochran
Coke
Concho
Cottle
Crane
Crockett
Crosby
Fisher
Dafewee
Howard
Lea
Loving
Mar
Motley
Pecos
Presidio
Reagan
Reeves
Roose
Runnels
Tom Green
Val Verde
Winkler
Oil Engineers Honor Two With Awards
The 1962 Society of Petroleum Engineers Certificate of Service recipients are James R. Welsh, posthumously, and Ernest K. Parks. Certificates will be presented at the Membership Luncheon during the 37th Annual Fall Meeting in Los Angeles October 7 to 10. The award honors exceptional service by members of the society.
MENTIONED IN THIS ARTICLE
Society of Petroleum Engineers
James R. Welsh
Earnest K. Parks
Los Angeles
Landman Institute Set For Oct 4 6
The fourth national institute for petroleum landmen sponsored by the International Oil and Gas Educational Center in Dallas is scheduled October 4 to 6 at the Southwestern Legal Center. Seminars cover tax problems acquiring oil and gas leases property acquisitions mergers well spacing compulsory initiation and natural gas production issues. Kaduna Nigeria government to open a water pumping station soon.
MENTIONED IN THIS ARTICLE
National Institute For Petroleum Landmen
International Oil and Gas Educational Center
Dallas
Southwestern Legal Center
Gulf Elects Four New Refining Executives
Gulf Refining Co. names Walter L. Shannon president effective Oct 1, succeeding J. L. Irvin who retires after a 45 year Gulf career. New vice presidents M. W. Ramsey and J. F. Joplin take charge of operations and part-interest operations, with E. J. Schlabach moving to Houston as manager of engineering. Headquarters move to Houston.
MENTIONED IN THIS ARTICLE
Beaumont
E. J. Schlabach
Pittsburgh
Houston
Texas American Sets Income Record in 1962
Midland Texas American Oil Corp reports record earnings for the year ended June 30 1962 with net profits after taxes 1 225 333 or 49 cents per share up 88 percent from prior year gross income 1 730 520 up 80 percent and a 1 012 512 rise in net worth driven by expanded oil and gas reserves.
MENTIONED IN THIS ARTICLE
Midland (Special
Texas American Oil Corp
Midland
Texas
Highway Taxes Seen At 11.3 Billion In 1962
The motoring public will pay an estimated 11.3 billion dollars in highway user taxes in 1962. Gasoline taxes account for more than 6 billion of the total, according to Oil Facts.
MENTIONED IN THIS ARTICLE
New York
Largest private pipeline project in U S history outlined
Oz Facts reports a 1 600 mile privately financed pipeline from Houston to Staten Island New York to transport about 25 million gallons of refined petroleum products daily.
MENTIONED IN THIS ARTICLE
New York
U. S
Houston
Staten Island
Oz! Facts
Also Mentioned on This Page
Lea Wildcat
Odessa
Mk&t Survey
McCamey
Upton County
Western Central Oil Group
Oil Group
Galloway
Edward M. McManus
Tulsa, Okla
UPI
The
Oil and Gas Journal
Journal
Lubbock, Texas
Bill Kalb
Avalanche-Journal
Petroleum Ay
National Power Conference
E. R. Reichl
Consolidation Coal Co
W. T. Thagard
Texas Eastern Transmission Corp
Cadiz
Hawaiian Islands
Richard Gonzalez
Tmcoga
Currie & Wylie
Wildcat
Blackwell
de la Garza Survey
George T. Abell
Texas American Syndicate
Imperial
H&atc
Rich and L
Austin Millspaugh
Baettiend
Dob P
Towe
Vealmoor
T&p
Terretral Tee
Brown
Ranvelle
London
Winston Churchill
Iheath
Rufus
Landman Institute
Kaduna
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