Collin County Oil Boom Hopes Pump Up North Texas Prospects
In McKinney Texas oil firms flock to Collin County chasing a new Ouachita Facies play after no oil has been pumped there since 1919 yet 264 leases were filed this year Derrick Petroleum reports 166 leases for 18700 acres and one test well near Altoga amid optimism and cautions about modest reserves.
MENTIONED IN THIS ARTICLE
Mckinney, Texas
Collin County
Texas
Las Vegas
Kenneth Couch
Derrick Petrolem
Gainesville
Texas Railroad Commission
Derrick
Altoga
Ouachita
Arkansas
Oklahoma
Couch
Prospects sobering on gasoline supplies near term
The Lundberg Letter warns allocations to gasoline dealers run more than 19 percent below December 1977 usage and primary stocks sit under one day’s margin, amid OPEC price ceiling risks. It notes a 5 percent 1979 consumption drop versus 1978, with 7.4 percent fall in H2, and outlines 293 million gallons daily production in December versus 288 in November.
MENTIONED IN THIS ARTICLE
Los Angeles
Lundberg
Organization of Petroleum Exporting Countries
Mark Emond
Lundberg Letter
U.S
American Petroleum Institute
Federal Energy Department
Department of Energy
Energy Department
Nuclear waste spill avoided after I-90 crash near Missoula
A tractor trailer hauling contaminated clothing from Three Mile Island slid on ice and crashed into an abandoned car 11 miles west of Missoula. Officials said no waste leaked and there was no radiation danger to the public. The TMI plant has been shut down since March 28.
MENTIONED IN THIS ARTICLE
Missoula
Mont
Pennsylvania
Three Mile Island
Rick Leavell
Missoula County
Defense
Basin field drilling totals across multiple operators in Texas
A compilation of well activity listing operator, field, well designation, and measured depth. Notable depths include Exxon Longfellow 23 206, Lea Unit 16 520, Madera 15 931, Serf Ranch 13 720, Copeland 4 120, Sealy Estate 6 920. Many firms pursue deeper targets across Reeves, Pecos, Gaines, Midland, and surrounding counties.
MENTIONED IN THIS ARTICLE
Anna Kay
Getty Oil Co
Madera
PECOS
Exxon Corp
Longfellow
Hunt Energy Corp
Serf Ranch
Monsanto Co
State
Reeves — American Quasar Petroleum Co
Covington
HNG Oil Co
Lindsey
Scurry — Tera Resources Inc
Jones
Sterling — Hanson Corp
Copeland
Ward — Union Texas Petroleum Corp
Sealy Estate
Wildcat Drilling Plans Rise in Reeves Borden and Reagan Counties
Great Western Drilling of Midland will drill No 1 Downes a 13000 foot wildcat in Reeves County six miles NW of Toyah with location details. Ensearch Exploration of Dallas to drill No 1 Everett an 8500 foot wildcat in Borden County seven miles east of Gail and precise lot lines. Paylo Petroleum of Dallas to drill No 1 Paylo Booth a 6500 foot wildcat in Reagan County nine miles SE of Big Lake with exact survey coordinates.
MENTIONED IN THIS ARTICLE
Great Western Drilling Co
Mildland
Downes
Reeves County
Toyah
Athens
H&tc
Paylo Petroleum Inc
Dallas
Paylo Booth
Reagan County
Big Lake
JP Pittman
Over the counter quotes from Daily quotations page
Inter-dealer bids and asks listed for companies including Southwestern Life Texas American Oil First United Bancorp and WGF Oil. Figures show percentages and prices with scattered garbled text, indicating a low clarity OCR of a securities quotation page. The excerpt mentions brokers and inter-dealer quotes without markup or commissions.
MENTIONED IN THIS ARTICLE
National Association Security Dealers
Siiendihe Bibteana
Southwestern Life
Dipsee
Seseseeee
Texas American Oil
Ccrvseesers Fults Cafototia
Vassesee First United Bancorp
Wee
Sccresssveserneees
WGF Oil
Ccscsseseees
Tipperary Land Co Os
Showaft & Stevenson
IEA to set oil import ceilings with seven nations join
Paris AP Ten other industrial nations plan to join the United States and the European Community in setting individual ceilings on oil imports for the first time since the energy crisis began. The IEA meeting will confirm new ceilings as part of a shift from targets to firm quotas. The United States aims for no more than 440 million tons annually by 1985, while the Common Market has already adopted specific ceilings for members including West Germany and Luxembourg.
MENTIONED IN THIS ARTICLE
Paris
United States
European Common Market
International Energy Agency
IEA
Organization of Petroleum-Exporting Countries
America
West Germany
Luxembourg
Senators seek curtail of mass transit control
Three senators propose stripping Transportation Secretary over $1.4 billion in mass transit funds amid claims of political blackmail. Sen. Proxmire, joined by Sens. Stevenson and Heinz, would remove Goldschmidt's power for one year to fund projects based on mayoral endorsements and political alignment with Carter.
MENTIONED IN THIS ARTICLE
Washington
Neil Goldschmidt
Carter
William Proxmire
Dll
Senate Banking Committee
Adlai Stevenson
Dill
John Heinz
Rpa
Proxmire
Goldschmidt
Chicago
Jane Byrne
Edward M. Kennedy
D-Mass
Philadelphia
William Green
Kennedy
Congress
Carrier workers end five week strike in Syracuse
About 3,500 hourly workers at Carrier Corp in Syracuse return to work after a secret ballot approved a new contract by 1,734 to 910. The pact grants a 37 percent wage and benefit rise over three years, though total average hourly pay was not disclosed. The strike began November 5 and is Carrier’s longest in recent memory.
MENTIONED IN THIS ARTICLE
Syracuse
N.Y
Carrier Corp
Syracuse Works
Robert Demmerle
Sheet Metal Workers International Association
Demmerle
Carrier
Carrier 20
Dewitt
United Technologies Corp
Hartford
Also Mentioned on This Page
Enengyy
Permian Basin
Jefferson County
Cal-Company
D.E
Gene” Calhoun
Atr
Emerson Obey
Classic
Ray
Willie Hill
Orient
Carmelo
Ben
Scotchgard Hazlenut
New Forest
Hill's Carpet Shop
South Grant
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