Lawyers claim panel misled well operators in Texas suit
Lawyers for white oil operators in the Panhandle Field allege the Railroad Commission misled operators, then issued an order to retest white oil wells that could shut them down. The 101 page brief to Judge Harley Clark cites $250 million invested in LTX wells since 1978 and warns of massive tax losses and economic harm.
MENTIONED IN THIS ARTICLE
Austin
Panhandle
Railroad Commission
Harley Clark
Commission
Ivan Harley
Lloyd Broussard
LTX
Phillips Petroleum Co
Phillips
Amarillo
Texas
Foreclosure Claims Hit Texas Hard in Q1 1985
Mortgage Guarantee Insurance Corp says Texas led with 635 claims in the first quarter of 1985, twice as many as any other state, with Houston accounting for about 424 failures. Official cites adjustable rate mortgages as a key factor amid new tougher mortgage rules to start Oct. 1.
MENTIONED IN THIS ARTICLE
Austin
Texas
Michael Carroll
Mortgage Guarantee Insurance Corp
California
Florida
Houston
Carroll
Austin American Statesman
National Federal Mortgage Insurance Association
Fannie Mae
Mary Kay stock stages recovery after buyout talk
Mary Kay Cosmetics stock edged up 11 percent on 957 500 shares after a two day drop tied to the leveraged buyout plan. Officials said proxy materials would be mailed mid September and a stockholder vote would follow after a review period.
MENTIONED IN THIS ARTICLE
Dallas
Mary Kay Cosmetics
Mary Kay Ash
Mary Kay
New York Stock Exchange
Republic Bank Dallas
Wall Street
Dean Meadors
Republic Bank
Bank of New York
Coastal Corp reports 1985 Q2 earnings surge to 30.6 million
Coastal Corp announced second quarter 1985 earnings of 30.6 million, up 58 percent from 1984. The period delivered 63 cents a share versus 53 cents, and includes a contribution from Detroit based American Natural Resources, acquired for about 4 billion in March, with operating revenues near 1.8 billion for the quarter ending June 30.
MENTIONED IN THIS ARTICLE
Houston
Coastal Corp
Coastal
American Natural Resources
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