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Odessa American in Odessa, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 09, 1985

Page

16

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.

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.

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.

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.

Houston Coastal Corp Coastal American Natural Resources

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