Gaines Strike Completed in Gaines and Howard Counties
A small discovery is finalized in Gaines County with oil recovered from a drillstem test in Howard County. T. M. Evans completed No 1 Maxey as a San Andres pay opener north of GMK, pumping 10 barrels of 34 gravity oil and 90 barrels water per day after acidizing and fracturing. In Howard County Cosden Petroleum No 1 J L Whitmire returned Fusselman oil on a three hour test, surfacing gas in under two hours with limited volume and 60 feet of 50 gravity oil plus water blankets. deepening to continue.
MENTIONED IN THIS ARTICLE
Gaines County
Howard County
T. M. Evans
Cosden Petroleum Corp
J. L. Whitmire
Fusselman
T&p
New Russian Drilling Tools Cut Costs and Time
New electrodrill methods from Russia reduce drilling time and costs. Two electrodrills powered by electricity, one piped and one pipeless with wire controlled bits, claim lighter weight and faster operation. Russian papers at the World Petroleum Congress highlighted 2000 feet per month rates and a controlled explosion drilling process to reach deeper targets.
MENTIONED IN THIS ARTICLE
Max B. Skeltov
New York
Russia
World Petroleum Congress
United States
Dual Extension Gauged In Crane County Oil Field
The University Waddell multipay area in Crane County gains a second Pennsylvanian producer and a 14 mile north extension after dual completion of Gulf Oil Corp. 572 W. N. Waddell. Production from the Pennsylvanian yields 218 barrels daily of 42.8 gravity oil with 2.5 percent water and a 733 to 1 gas oil ratio, through a 32/64-inch choke after fracturing with 10,000 gallons. Tubing pressure is 100 psi, casing 600 psi. From the Devonian, daily flow is 898 barrels of 41.7 gravity oil with 73 percent water and a 913 to 1 gas oil ratio, through a 32/64-inch choke after acidizing with 5000 gallons. Location is 660 feet north and 1980 feet east of Section 27 B25 PSL.
MENTIONED IN THIS ARTICLE
University-Waddell
Crane County
Gulf Oil Corp
W. N. Waddell
Crane
Scherck and Tucker Drilling plug No I-A at 5278 feet
In Tom Green County L E Scherck and Tucker Drilling Co Inc have plugged the No I-A J W Johnson at 5278 feet. Location spots in Section 44 F Mohrmann Survey 434 miles east of the Harriet Strawn pool.
MENTIONED IN THIS ARTICLE
Tom Green County
L. E. Scherck and
Tucker Drilling Co. Inc
J. W. Johnson
F. Mohrmann Survey
Harriett (Strawn
Stock Market Close Mixed As Dow Dips Amid Volume
A late afternoon market snapshot shows the Dow Jones Industrial Average at 635.56, down 7.95, with rails and utilities mixed. Stocks across the New York Exchange list include American Airlines, Boeing, General Electric, General Motors, and Texaco among others, reflecting varied moves in industrials, energy, and tech while over‑the‑counter quotes feature oil and gas names such as Texaco, Humble, and Savannah.
MENTIONED IN THIS ARTICLE
DOW Jones
Eeceeevesesees
New York Stock Exchange
Alleshaney
Calimiinum CO
Amerada
Colorado Fuel & Tranesseacewuaetess
Oil Co
Cosden Pele
Eee
Crucible Steel
Dan River Mills
DuPoint -Eccacenene
el Paso
Fairchild Eng & Air
Ford Motor
Foremost Dairies
Freuhaus Trailer
Scseeceresssaessnes
General American Oil
SLR
General Dynamica
General Electric
General Motors
General Tire
Guy OL
Ene Halliburton
Interlake
Transscseee
Jones & Laughlin
Ausacveseae
Kaiser Aluminum
Kerr-Mcg&e
Lockheed
Phillips Fete
Plymouth Oil
Radio Corp of America
Esssee
Rotler
Republic Steel Royal Tuttle
Scseresseesswasacemerves
Shel Oil Vaesens Eaawedeemesuna
BGM Sinclair OW
Skelly Sass
Socony Mobile
Sanguameane
Tennessee Gas Transs
Texas Company
Texas Gulf
Tex Pac Coal & Oil Toxion
Western Union
Whcox Oil
American Stock Exchange
American Petrofina
Creole Petroleum
Fargo
Humble Cescessenrerees
Ask
jAmtec Oil & Gas
UAB
Delhi Taylor Se
Wesweee
Dixilyn Drilling
Perr Terees
Miami
Northwest
Oil terminal plan eyed off New Jersey Delaware coast
W C Kinsolving president of Sun Pipe Line Co says Houston Baytown Beaumont refining region could host a huge oil terminal five miles off the New Jersey Delaware coast. The facility would receive oil by tanker and pipe it to the Delaware River refining area below Philadelphia.
MENTIONED IN THIS ARTICLE
New York
Houston-Baytown-Beaumont
New Jersey-Delaware Coast
W. C. Kinsolving
Sun Pipe Line Co
Philadelphia
Delaware River
Oil Centennial Celebrations Build Toward Titusville Climax
The U S oil industry marks 100 years with a nationwide centennial from May through November and a Titusville climax. Events include a President Eisenhower proclamation, a time capsule to open in 2100, Governor Lawrence’s Drake Week, parades, speeches, and nationwide salutes. The API coordinates exhibits, stamps, posters by Norman Rockwell, a 72 page centennial issue, and two volume history.
MENTIONED IN THIS ARTICLE
New York
U. S
American Petroleum Instiitute
Oils
International Petrole
Tulsa
Titusville
Centennial, Inc
Pennsylvania
Eisenhower
Drake Well
David L. Lawrence
Drake
Go Devil
Corsicana
API
Independent Petrolum Association of America
National Petroleum Association
Centennial Group
Norman Rockwell
API Quarterly
Northwestern University
Gas Yield From Terrell Oil Test In Wolfcamp
Shell Oil Co. No. 1 Smith conducted a three hour test from 10 218 to 92 feet in Wolf camp. Gas surfaced in 28 minutes but volume was small. 9450 feet of fluids recovered including 400 feet mud-cut sulphur water 3990 feet gas and 5150 feet sulphur water. A second test from 10 216 to 90 feet recovered 400 feet mud-cut salt water 3990 feet slightly gas cut salt water and 5100 feet salt water. Casing set 514 inch at 8830 feet and preparations to perforate and test. Location 660 feet north and 1320 feet east from Section 5 Block A-2 TCRR Survey.
MENTIONED IN THIS ARTICLE
Terrell County
Shell Oil Co
Smith
Wolfcamp
San Andres Tests Slated In Andrews
Cities Service Oil Co. prepared to reperforate casing for San Andres tests at No. 1 BF University 12,223 feet deep, 144 miles NW of the Deep Rock field in Section 11, Block 14, University Lands Survey, Andrews.
MENTIONED IN THIS ARTICLE
Cities Service Oil Co
San Andres
BF University
EllJenburger
Deep Rock
University Lands Survey
Pecos Dry Hole Plugged at 14 240 Feet
The Standard Oil Co of Texas No 1 well in Pecos County near Pecos, 18 miles southeast of Fort Stockton, has been plugged at a depth of 14 240 feet. Fred P Montgomery is associated with the site.
MENTIONED IN THIS ARTICLE
Standard Oil Co. of
Texas
Fred P. Montgomery
Pecos County
Fort Stockton
United States Oil Refineries Get Fewer and Larger
A Chicago economist told Congress in New York that U S refineries are consolidating into fewer larger plants. The nation has 459 refineries in 1940, now under 300. Sixty plus percent of capacity is from 53 refineries over 50 000 barrels daily. European inland markets favor large plants as well. AK 33X antiknock compound boosts octane. Methane Pioneer shows LNG transport from Louisiana to London.
MENTIONED IN THIS ARTICLE
New York
United States
Fifth World Petroleum Congress
S. Morris Livingston
Chicago
Congress
New York Coliseum
Europe
P. H. Frankel
W. L. Newton
Petroleum Economics Ltd
London
Harold J. Gibson
Detroit, Mich
Ethyl Corp
Continental Oil &Co
Houston
John A. Murphy
C. G. Filstead
Louisiana
Asia
Methane Pioneer
Andrews County Extender Gauged in No 1 CX State
Texaco Inc completed its No 1 CX State in Andrews County extending the Triple N district by a half mile east. From the upper Pennsylvanian, 194 barrels of oil at 38.6 gravity and 21.6 barrels of water were produced daily through a 22 64 inch choke and perforations at 8956 to 9064 feet after 5500 gallons of acid. Dual completion planned. Gas oil ratio 1160 to 1. Location: Section 28, Block 9, University Lands Survey.
MENTIONED IN THIS ARTICLE
Texaco, Inc
Andrews County
University Lands Survey
Tibetan Rebels Freed by Chinese Forces Reported
A Peiping Radio broadcast monitored in London said Chinese Communist troops have released 515 captured Tibetan rebels. It noted 96 Tibetans were freed Saturday after promising to turn over a new leaf.
MENTIONED IN THIS ARTICLE
London
UPI
Peiping
Knickerbocker and Mullin No Annie Nowell report
The Annie Nowell near Dawson County, a wild cat located 10 miles southeast of Lamesa, has been plugged and abandoned at a depth of 8516 feet.
MENTIONED IN THIS ARTICLE
Knickerbocker and Mullin
Annie Nowell
Dawson County
Lamesa
Martin Test Logs Oil From Wolfcamp In Permian Basin
Martin County wildcat No. 1-C Breedlove in the Wolfcamp yielded oil and gas during a two hour test at 10 438 to 10 459 feet with a 750 foot nitrogen blanket. Recovery included five feet of free oil and 150 feet of gas-cut mud while flow pressure ranged 500 to 600 psi. A Reeves County Delaware discovery at No 1 Thompson State was completed with potential of 20.23 barrels per day of 32 grade oil plus 80 percent water and a minimal gas oil ratio.
MENTIONED IN THIS ARTICLE
Martin County
Wolffcamp
Reeves County
Permian
Pan American Petroleum , Corp
Breedlove
Lamesa
Labor
League 257
Briscoe Csl
Ray Smith Drilling Co
Thompson State
Burford & Sams
Ray Smith
Reeves County Wildcat
Orla
Delaware
Block
T&p
Texaco Opens Midland Division Offices
Texaco Inc formerly the Texas Co opened its Midland Domestic Producing Department offices occupying most of three floors in the Midland Savings and Loan building. The move from Fort Worth includes 116 employees and their families along with executives department heads and files.
Drilling Progress in Permian Basin Wells by County
Scouting THE BASIN reports drilling progress across Andrews to Winkler counties in the Permian Basin. Many wells show testing or bottoming at depths from about 1,500 to 14,250 feet with operators Humble Texaco Gulf Pan American and others testing or continuing drilling in fields like Fuhrman Masche Caprock Running W Snyder and Donnelly.
MENTIONED IN THIS ARTICLE
Permian Basin
Crockett Project Tests Grayburg in Crockett County
Texaco, Inc. continued swabbing tests on the Grayburg at No. CY State 9916-foot Ellen burger failure in Crockett County two miles SW of West Weger Grayburg field. Acidized with 1000 gallons through perforations at 2476 2490 feet the well yielded oil load and acid residue and was swabbed dry. Closed in overnight and swabbed again it yielded two barrels of acid water with no shows. Location is Section 27 Block 12 University Lands Survey.
MENTIONED IN THIS ARTICLE
Texaco, Inc
Grayburg
Ellenburger
Crockett County
West Weger Grayburg
University Lands Survey
Five Counties Gain Wildcat Project Sites
Wildcat exploration planned across five Texas counties including Hockley Martin Pecos Schleicher and Stonewall. Projects cover No. 1 Lawson No. 1 Carter No. 18 Neil Est No. 1 Paul B Hinyard No. 1 115 Swenson with depths from 4650 to 12000 feet and lease areas from 80 to 531 acres.
MENTIONED IN THIS ARTICLE
Hockley
Martin
Pecos
Schleicher
Stonewall
Hockley County
Big Spring Exploration Inc
Lawson
Levelland
Labor
Haskell County
Husky Oil Co
Panotech Exploration Corp
Carter
Patricia
Martin County
Kent County
Breedlove
J. Jerry Enkich
Neil
Fort Stockton
Pecos County
T&stl
Schleicher County
Tennessee Gas Transmission Co
Paul B. Hinyard
Eldorado
SA Survey
Nancy Field
Stonewall County
Perkins-Prothro So
Phillips Farms Out Outshore Leases
Phillips Petroleum Co. farmed out to Tennessee Gas & Oil Co. five blocks totaling 21,081 acres of Louisiana offshore gas and oil leases. Terms were not disclosed but Tennessee will lead an extensive development and exploration program. Production already established on two large blocks.
MENTIONED IN THIS ARTICLE
Bartlesville
Okla
Phillips Petroleum Co
Tennessee Gas & Oil Co
Louisiana
Tennessee
Also Mentioned on This Page
Gaines
Tom Green
HB. Hente
Texas Coast Area
Edwin L. Drake
Uncle Billy" Smith
Oil
Titussville
Terrell
Andrews
Ing
Gibson
Board of Directors
R. L. Toutert
Toxes
Wolf Camp
Texaco
1813 East 8Th
East 8Th St
Humble
Armstrong
Gene
Lower Morgan
Parker
Chaves
Crockett — Continental
Shannon
Monterey
Harris
Dawson
ECTOR
Cowden
Eddy
Northrup
Howard — Williamson
Wade
LEA — Ashmun & Hilliard
Henderson
Sophia
State
Gulf
Yates
Stone
Magnolia
Moore
Ashmun & Hilliard
Robinson
Driling
A McCue
Prosser
UPFON
Williamson
Bell
Ward — Gulf
Winkler
Hendrick
Yoakum
Honolulu
Borden — Nortex
Clayton Et al
Gail
Goodfield
Blanco Oi Et al
Brown Et
Ackerly
Arthur Field
Jin Caprock
Waddell
Alps Oil Et al
Running W
Phillips
Millard
Judkins
Penwell Field
Shell
Goldsmith
Donnelly Field
Eddy — Collier
Loco Hills
General -American Oil 10 Brewer
High Lonesome Field
Garza — Voltz
Wheeler
Post
Forbes Field
Bothwell
Howard — Fleming
Off & Fleming & Kimbell
Southland Royalty
Coahoma
Snyder Field
Surrey
LEA — Ochiltree
Walker Federal
Pearsall Field
Mann & Hill
Lad Munyon Federal
Atlantic
Justis Field
Ifeet
Langlie-Mattix Field
Magnolia-Byrne
Imperial
Pecos Valley
Reeves — Sinclair
Beckham
Sabre Field
Kirk
Sand Lake
Schleicher — Ashman & Hilliard — Robinson
Otto Field
Tidewater Oil
Pollard
Snyder
Revilo
Revilo Field
Upton
Continental
Burleson
McCamey
McCamey Field
Ward
Davis
Scott
Grandfalls
Shipley Field
Carter Foundation Prod. Co
Walton
Kermit
Keystone
Colby Field
Crockett Project
Phillips Farms
Norge Special
Norge
Vernon