Permian Basin rigs seen rising as oil market steadies
West Texas officials foretell higher drilling activity next year as OPEC moves and cheaper rig costs support a rebound from 1982 lows. Viking Energy’s Eddie Durrett expects about a 10 percent rise in rig counts, while Permian total sits at 360 this week amid lingering $18 billion cash flow gap from crude at $34. A UT Permian Basin economist notes an oil glut persists, but calls for a slow, steady recovery as costs decline and supply tightens.
MENTIONED IN THIS ARTICLE
Thompson
Eddie Durrett
Viking Energy Corp
Durrett
OPEC
Permian Basin
Ken Fletcher
University of Texas
OPEC agrees to cap output at 17.5 million bpd
OPEC ministers reaffirmed a 17.5 million barrel per day ceiling with all 13 members agreeing to limit output. Mana Saeed Oteiba of the UAE said Saudi Arabia would act as swing producer without a quota while keeping aggregate output under the ceiling, with a possible move below 17.5 million if markets demand. A special meeting may be called if markets warrant, next regular gathering set for July 10, 1984.
MENTIONED IN THIS ARTICLE
OPEC
Mana Saeed Oteiba
United Arab Emirates
Saudi Arabia
Fire sweeps eight story hotel in Chicago near north side
A Chicago firefighter helps a resident down a rescue ladder as smoke-filled flames raged through an eight story hotel on the near north side. Officials said at least three people were killed and 30 injured as the smoky blaze swept through the building largely occupied by transients.
MENTIONED IN THIS ARTICLE
Chicago
Eight dead in Baltimore rowhouse fire including five children
A fast moving three story Baltimore rowhouse fire killed eight people, among them five children and a week old infant. Two victims jumped from windows to escape the flames and three others were seriously burned after also leaping to safety as firefighters battled the blaze. The fire began on the first floor near the living room and the building’s roof burned away before containment within an hour. Damage was about 80000 dollars and the cause was under investigation.
MENTIONED IN THIS ARTICLE
Baltimore
Fire Department
Pat Flynn
Flynn
Judge OKs more funds for Jones case in Kerr County
Kerr County officials approved an extra 6000 dollars for defense expert witnesses in the Genene Jones murder and injury cases. Judge John Carter signed the budget increase after defense cited high costs for medical experts. Jones faces charges tied to infant deaths at the San Antonio Medical Center from 1978 to 1982 and will stand trial January 16 in Georgetown.
MENTIONED IN THIS ARTICLE
Georgetown
Genene Jones
Jones
Kerr County
Chelsea Ann McClellan
Odessa
Jim Brookshire
John Carter
Brookshire
Bexar County
San Antonio Medical Center
Kerrville
Ron Sutton
Texas Department of Human Resources
Criminal Justice Division
Governor’s Office
Sutton
Carter
Permian Basin Weather Sees Cold Nights Warm Days Ahead
The National Weather Service forecasts a cold evening and a warm day pattern in the Permian Basin with highs near 70 Saturday and lows in the upper 30s tonight. A cold front moved through North Texas bringing 30s, while Gulf air kept South Central Texas mild with lower visibility near Victoria.
MENTIONED IN THIS ARTICLE
Permian
National Weather Service
High Plains
North
Texas
Gulf
Victoria
East
Panhandle
North Texas
South Texas
South
Pacific Northwest
Oregon
Idaho
Cascade Mountains
South Dakota
Nebraska
Indiana
Michigan
Minnesota
Wisconsin
East Texas
Dying boy chooses tractor trip over Disney World in Waterloo
Will Vincent, a 4 year old from Carlyss Louisiana with brain tumor and leukemia, travels to Waterloo Iowa for a last wish visit to John Deere Tractor Works after opting against a Disney World tour. He arrived with his parents to a warm chamber welcome and gifts from local volunteers.
MENTIONED IN THIS ARTICLE
Waterloo
Iowa
Louisiana
Walt Disney World
Will Vincent
John Deere
Will
Beth
Ralph Vincent
Carlyss
Waterloo Chamber of Commerce
Lake Charles
Wishing Well
Also Mentioned on This Page
West Texas
Fletcher
Eale
Houston
Harris County
Jo Kines
Texas Department of Water Resources
Hi-Port Industries
Highlands
Allison R. Pierce
Harris County Pollution Control
Harris County Water Control and Improvement District 1
Whites Lake
San Jacinto River
Judge Oks
Jenrette
Washington
South Carolina
John Jenrette
FBI
Abscam
U.S
John Garrett Penn
The
Odessa American
P.O
Mail
Home Delivery
Midland Regional
Penaiey
National Weather Poon Noaa
Hi Lo
Prec
Otik
Atlanta
Billings
Denver
Los Angeles
Miami
Moors
Longview
Lubbock
Marta
McAllen
San Angelo
San Antonio
Stephenville Texarkana
Waco
Wink
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