Oil drilling slowed by steel shortages in strike
The Associated Press reports oil well construction slowed as steel strike cuts into supply. Industry officials warn ongoing shortages may reduce drilling as contractors adapt to limited materials and delayed projects.
MENTIONED IN THIS ARTICLE
Associated Press
A. W. Thompson
Houston
American Association of Oilwell Drilling Contractors
Lawmakers Clash Over Gas Tax Immunity in Austin Court
In 126th District Court in Austin on June 20 lawyers clashed over whether Texas new gas gathering tax invades interstate commerce immunity. Attorney General Price Daniel led the state defense, arguing taxes can apply to local activities under conservation laws. Opposing attorney Don Culton contended gas pipelines move in interstate commerce and thus are untaxable by state. Three cases were highlighted from 59 suits. $4,645,038 in protested taxes remain in the treasury.
MENTIONED IN THIS ARTICLE
Austin
126Th District Court
Texas
Atty
Price Daniel
U. S
Daniel
Supreme Court
Don Culton
Amarillo
Culton
Texas Eastern Plans Gulf Offshore Wildcat Well
Texas Eastern Production Corp announces drilling a new offshore wildcat well seven and a half miles off Galveston Island in the Gulf of Mexico. President H A Hemphill hopes the well confirms natural gas reserves and potential to justify an offshore pipeline. Drilling targets about 6,009 feet on the company’s lease roughly 20 miles southwest of Galveston.
MENTIONED IN THIS ARTICLE
Houston
Texas Eastern Production Corp
Galveston Island
Gulf of Mexico
H. A. Hemphill
Texas Estern
Bease
Galveston
McCarthy Quits Job In Oil Firm
Houston June 30 Oilman Glenn McCarthy resigns as chairman of the McCarthy Oil Gas Corporation earning 60000 a year. He planned to head a new company bearing his name and had arranged a deal with Equitable Life Assurance Society to clear payments and interest on liabilities.
MENTIONED IN THIS ARTICLE
Houston
Glenn McCarthy
McCarthy Oil Gas Corporation
McCarthy
Equitable Life ‘Assurance Society
McCarthy Oil and Gas Corporation
Equitable
Airens
Shamrrock Hotel
LP Gas Costs Rise Slowly in Postwar Period
A national survey shows LP gas prices up only seven percent from 1942 to 1952 while the general cost of living climbed 63 percent. LP gas industry growth and efficiency, bulk plants expansion, and incentive rates helped stabilize LP gas costs despite rising living expenses.
MENTIONED IN THIS ARTICLE
Chicago
LP Gas Information Service
U. S. Bureau of Labor Statistics
Oil Industry Spending At Record Level In 1952
New York special reports the American oil industry plans capital expenditures exceeding four billion dollars in 1952, boosting postwar seven year total to over 19 billion. Frank M. Porter of the American Petroleum Institute cites rising demand, with motor fuel and home oil use surging, and notes vast funding from thousands of companies for wells, refineries, pipelines, tanks, and distribution facilities.
MENTIONED IN THIS ARTICLE
New York
Special
Frank M. Porter
American Petroleum Institute
API
Porter
Width Limits Relaxed for Truck Loads in Texas
Odessa tank makers win delay on Texas Highway Commission rules allowing wider loads. The order extends to September 1 for transporting prefabricated oil tanks and storage vessels. Permits may allow up to 20 feet width with emergency options for wider loads if weight limits stay within safe ranges.
MENTIONED IN THIS ARTICLE
Odessa
Impo
Texas Highway Commission
Ing
Associated Press
Austin
D.C. Greer
Shaul
W. Lovelady
Silvalis Tanks, Inc
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Wseley Phillips
Rufus Arp
Roy W. Holder
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W. W
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E. E
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Tine Davis
Warren Burnett
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