Cities Service Wildcat Flows In Terry County
Cities Service Oil Co reports a no 10 Starnes wildcat in Terry County flowing 65 barrels of oil from 11 607 630 feet after a 6 hour 50 minute test. Gas came in three hours, mud and water in 3 15, oil in 3 30. Gas oil ratio 16 to 1. Location 660 South 1900 West lines of section 2. Nearest production in Corrigan Field eight miles NW.
MENTIONED IN THIS ARTICLE
Fusselman
Terry County
Cities Service Oil Co
TWRR
Shor
Corrigan Field
Truck Lines Seek ICC Ruling on Oil Hauling Rights
In Dallas on December 18 a three judge federal panel will hear four trucking firms seek to overturn a 1951 ICC ruling that allowed 19 firms to haul petroleum and mining equipment between the Southwest and Rocky Mountain states. Plaintiffs Wales Trucking Co Parkhill Truck Co L C Jones Trucking Co and YW J Jeffries Trucking Line contend they can meet all petroleum and natural gas development hauling needs and should be allowed to do so. The ICC said the ruling supported oil development in the Rocky Mountain region.
MENTIONED IN THIS ARTICLE
Dallas
Southwest
Rocky Mountain
Rms
ICC
Southwestern
Wales Trucking Co
Parkhill Truck Co
Tulsa
Okla
L. C. Jones Trucking Co
Oklahoma City
YW. J. Jeffries Trucking Line
Rocky Mountains
C. Hutcheson Jr
Houston
Fifth Circuit Court of Appeals
William H. Atwell
T. Whitfield Davidson
Wales
Jones
Jeffries
Parkhill
Gasoline Sales Rise in Texas in First Half 1952
U S commerce reports Texas taxable gasoline sales up nine tenths of a percent in the first six months of 1952. Consumption totaled 1 333 872 000 gallons versus 1 223 138 000 in the same period of 1951.
MENTIONED IN THIS ARTICLE
Dallas
Dec
Texas
U. S. Department of Commerce
Phillips Plans Thrift Savings Scheme for Employees
Phillips Petroleum announces a proposed thrift plan for employees with payroll deductions up to five percent of wages. Company contributions range from 60 to 70 percent matching, dependent on earnings as a share of total assets, and funds may be invested in Phillips stock or U.S. savings bonds. Eligibility includes retirement plan participants with five year vesting for company contributions. The plan awaits stockholder and regulatory approval with rollout targeted by July 1, 1953.
MENTIONED IN THIS ARTICLE
Philips Petroleum Co. Employes
K. S. Adams
Paul Endacott
Phillips
Phillips Common
U. S
Extra Days Asked In Goldsmith Pool
Phillips Petroleum seeks one more producing day in December and two more in January for 14 pools tied to the Goldsmith plant. Examined by Railroad Commission, Phillips argued El Paso Natural Gas facilities can handle extra gas from higher oil allowable.Pools currently run on a 17 day producing pattern.
MENTIONED IN THIS ARTICLE
Austin
Phillips Petroleum Company
Goldsmith
Phillips
Railroad Commission
el Paso Natural Gas Company
Midland Oil Firms Get State Charters
State officials announced six Permian Basin actions including three new Odessa area charters. Air Drilling Inc of Midland received a 0 year charter with $1,000 capital. incorporators are Homan, Baker, Laney. Western Inspection Co in Midland increases directors to five. Drug Service Corp of Odessa and Checker Cab Co. of Midland had charters dissolved.
MENTIONED IN THIS ARTICLE
Austin
Odessa
Jack Ross
Ross
Air Drilling, Inc
Midland
William L. Homan Jr
L. Warren Baker
James J. Laney
Western Inspection Co., Midland
The
Drug Service Corp. of
Checker Cab Co
Deep Wildcat Set In NE Howard Area Oil well filed near Vincent
The Green Briar Oil Co. No. 1 wildcat was filed with the Railroad Commission for an 8500 foot test. The location sits 660 feet from the south and 1980 feet from the east lines of section 68, block 20, LNC Survey, about two miles north of Vincent in the extreme northeast Howard County.
MENTIONED IN THIS ARTICLE
Railroad Commission
Greenbriar Oil Co
Avas Guffey
Wildcat
Howard County
Vincent
County
Socony-Vacuum Expenditure Totals Near Two Billions
B Brewster Jennings president of Socony Vacuum Oil reports that U S capital expenditures for the company from 1934 through 1952 total nearly two billion dollars. He cites rapid postwar industry growth inflation and deeper drilling as key drivers.
MENTIONED IN THIS ARTICLE
New York
United States
Socony-Vacuum Oil Company, Inc
B. Brewster Jennings
New York Society of Security Analysts
Jennings
Texaco Man Bryant Named Texas ONC Chairman
G R Bryant chief executive of the Texas Company became Texas chairman of the Oil Industry Information Committee at a Dallas meeting. R J Dinoky said Bryant will oversee 331 community committees across 15 geographic areas in the six state Gulf-Southwest district. Bryant rose through refining, with college years at Missouri and Colorado School of Mines, joining Texas Co in 1937 after a 17 year Illinois refinery stint.
MENTIONED IN THIS ARTICLE
Dallas
G. R. Bryant
The
Texas Co
Monday
Texas
Oil Industry Information Committee
Houston Oil Company
Gulf - Southwest States
R.J. Dinoky
Pan-Am Southern Corp
New
Colorado School of Mines
Texas Company Service
Appointment of Karl Bishop and Bagley transfer noted
Oil Company announced Karl Bishop as division geologist and Md Bagley as division geologist with headquarters in Midland. Bagley is being transferred from Bakersfield, California.
MENTIONED IN THIS ARTICLE
Karl Bishop
Oil Company
Atte Md Bagley
Midland
Bagley
Bakersfield
Calif
Also Mentioned on This Page
Queey
Sweday
Ero HS
Independent Petroleum Association of America
Petroleum Administration For Defense
IPA
Seminole
Lee C. Coore
Fred McDuff
P. O
Oklahoma
L. D
Midland Oil
Austin Bureau
Deep Wildcat
Howard
Socony
Ferndale
Wash
General Petroleum Corp
Socony-Vacuum
Rahi
Mourtain Grow
Texaco Man
New Texas Onc
North Star and
Chatham
Chatham Electric
Calloway
Cannon
Bishop
Old Monahans Hwy
EL Paso
Troy
Dake
Scottie
Shoopman
N. Alleghany