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Odessa American in Odessa, Texas

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Dec 09, 1952

Page

10

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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