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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 06, 1982
Page
7
Poland reports a six month raw steel total of 6.8 million tons with forecasts for 1982 at 13.6 million, down 13.3 percent from 1981 while rolled steel and pig iron metrics also lag. Officials cite material shortages and weak demand as factors. The report links output declines to the martial law period and questions about government plans.
Westinghouse Electric is named in lawsuits by Consolidated Edison and Florida Power & Light seeking as much as $1 billion for alleged neglect in design and manufacture of steam generator systems at Indian Point 2 and Turkey Point units. The actions accuse concealment of dented tubes and defects, with potential impact on replacement power costs and ratepayer bills.
A series of oil and gas drill site listings include well names and operators such as Borden Westland Oil, Garland Garza WTG Exploration, Exxon, Pacos Amerex, Marline Koontz, Reeves Gulf, Sterling Huffco, and Ward Getty. Each entry notes a well designation, location, and a production figure or reference, reflecting mid century field inventories and operator activity.
Texaco Midland reports No. 1 B Jac cii well at 13 200 ft in Midland County located 1320 ft from S and E lines of Sec 8 Block 39 Twp 3S T P survey 11 miles S of Midland Huffco Petroleum Houston No 4 Ellwood Ranch at 8900 ft in Mitchell County 50 ft from S line 700 ft from W line Sec 30 Block 18 SPAR Survey 18 miles SW of Colorado City Enfercd Exploration Dallas No 1 ARco Fee at 12 900 ft Gaines County 1980 ft from N line 990 ft from E line Sec 12 Block C- 43 PSL survey 9 miles E of Seminole Texcoco Midland No 350 PL Fuller at 7680 ft Scurry County 467 ft from N line 2141 ft from E line Sec 618 Block 97 H&TC survey 15 miles NE of Snyder
Aspirin and tires both derive from crude oil. Dow Chemical cites a 42 gallon barrel yielding 20 polyester shirts and other products, with remaining fuel for homes. The piece notes petrochemical conversion, U.S. energy mix projections, and energy efficiency gains in the paper industry, plus earnings of oil firms in early 1982.
Corpus Christi Sparkman Energy declares a regular 0.25 per share dividend on its 1.00 cumulative convertible preferred stock payable July 30 to shareholders of record June 30. In Houston El Paso Company’s gas and oil unit announces multiple executive changes with Truby Matthews Warden Coel Odell taking new VP and controller roles. Offshore gas development: Genesis No. 1 well offshore Matagorda County outputs 4.59 MMCF gas and 43 barrels condensate daily with 25.5 MMCF potential.
Seagull Pipeline Corporation announces Joe T. Rye elected to vice president finance and administration, succeeding George Williams who recently resigned. Rye steps into a leadership role guiding finances and administration for the Houston based firm.
Thirty one lawsuits seeking 226 million dollars have been filed in Beaumont federal court by Canadian families of Ocean Ranger crewmen. They target Ocean Drilling and Exploration Co and subsidiaries Mobil Oil and its Canadian unit. Four more suits on Friday seek 26 million for the families of four Newfoundland sailors.
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