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Odessa American in Odessa, Texas

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jul 01, 1952

Page

8

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.

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.

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.

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.

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.

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.

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.

Odessa Impo Texas Highway Commission Ing Associated Press Austin D.C. Greer Shaul W. Lovelady Silvalis Tanks, Inc

Also Mentioned on This Page

Magnolia Petroleum Co Dallas Texaco John Ritter Sun Oil New Mexico Louisiana Mississippi Ritter Gulf Coast Atlantic Refining Co Atlantic Gulf Oil of Houston Humble Oil and Refining Co Humble Southwestern Life Insurance Cecil Moore Clu West 19Th Street Dial Lou Galpin Wood Presidant Life Home Office The Court of Civil Appeals Henry Russell Pecos the Court of Civil Appeals Alan R. Fraser J. T. Rutherford Wseley Phillips Rufus Arp Roy W. Holder J. W. Smith A. A. Deer W. A. Richmond J. E. Donaldson W. W Bill) Orchard Justice of Peace E. E J. C Roy) Paulette, Sr George Kelton C. V. Milburn Charles Butts O. L Lynn Watts Tine Davis Warren Burnett Paul McCollum Thomas D. Murphy Democratic Leroy Williams Lewis Frank Hadid Justice of the Peace Precinct John W Bill) Short OIL Cimetican FOX Music CO North Lee—Dia Rote Washitt Mackin Lyon Model Shop Appliance CO West 4Th Kimball Pianos “Keyboard of Armstrong Music CO Simpson Kodak Films West Texas Ladie Nelly Don Georgiana Carol King Denver Albuquerque Ar. Albuq Continental AIF Lines Dunlap
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