Pioneer to Build New Gas Pipeline in Texas Counties
Pioneer Gathering System plans 79 miles of pipeline and one compressor station in Val Verde Sutton and Schleicher counties. The $4.5 million project, approved by the Federal Power Commission, aims to market gas wells previously shut for lack of outlets and conserve Texas resources. Permian Basin Pipeline Company commits to buy up to 200 million cubic feet per day.
MENTIONED IN THIS ARTICLE
Amarillo
Pioneer Gathering System,Inc
Val Verde
Sutton
Schleicher
Pioneer Gathering
Pioneer Natural Gas Co
Federal Power Com
Texas
Permian Basin Pipeline Company
Northern Natural Gas Company
Omaha
Nebraska
Hallettsville man elected Texas State Board of Pharmacy president
I Wahanek of Hallettsville won election as president of the Texas State Board of Pharmacy and will assume the office June 12. Frank H. Rees of Houston was chosen vice president, succeeding Lee T. Stinson of Snyder.
Increase Shown In Oi Stocks In June Report
Third consecutive rise lifts crude Texas origin stocks by 925000 barrels or 132142 daily to 124260906 for the week ended June 1 as Bureau of Mines reports. National storage up 3663000 barrels or 523285 daily to 269124009. Domestic stocks gain 7657000 barrels or 381000 daily to 254966000. Foreign oils rise 996000 barrels or 162285 daily to 14158000.
MENTIONED IN THIS ARTICLE
Texas
Bureau of Mines
Tidewater Oil declares quarterly preferred dividend
Tidewater Oil Co directors declared a regular quarterly dividend of thirty cents per share on the company's outstanding cumulative preferred stock. The dividend is payable July 10 to stockholders of record at the close of business on June 1.
MENTIONED IN THIS ARTICLE
Tulsa (Special
Tidewater Oil Co
Oil Recovery Plan Underway In Parks Pool
Magnolia Petroleum launches its Parks Pennsylvanian field project for miscible displacement using propane injection to recover oil. The 7,800 acre Midland Odessa field aims to push 1.5 million barrels into the ground over ten months, boosting field life from 64 to about 12 years and recovering most injected propane.
MENTIONED IN THIS ARTICLE
Magnolia Petroleum Company
Midland
Odessa
Magnulia
Magnolia
Magnosia
Pegasus
Parks Field
Padres Sign Kinder To PCL Deal In San Diego
Ellis Kinder, a 42 year old veteran right hander released by the Chicago White Sox last month, signed with the San Diego Padres of the Pacific Coast League and will report to them this weekend.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Ellis Kinder
Chicago White Sox
San Diego Padres
Winkler County adds wildcat and outpost drilling sites
In Winkler County on Saturday two new drilling locations were reported. Liedtke Ltd of Midland filed to drill No 1 FE R Hill a 5600-foot wildcat southeast of Kermit on a 610 acre parcel. Bouid will drill No 13 1E W FE as a 14-mile east outpost to a 23-mile southeast extension to Elenburg in the Kermit multipay field, four miles northeast of Kermit, to depth 10 650 feet. Sunray Mid-Continent completed No 822 M J Hill as a south extension and third Glorieta producer in the Hailey multipay field with 280 barrels daily gas oil and 1143 1 gas oil ratio after acidizing and workover at depth 5052 feet. Ohio Oil Co No 2 M J Hill reported 249.4 barrels daily from 4964-5006 feet before final depth.
MENTIONED IN THIS ARTICLE
Winkler County
Liedtke. Ltd
Midland
R. Hill
Kermit
Black Bil
PSL Survey
Standard Oil Co
Texas
Hailey
Discovery of Strawn reef oil at Coke project Strawn
Humble Oil and Refining Co reports a Strawn reef discovery three miles southeast of Panther Gap in Coke County. After acidized perforations at 6211-223 feet the well flowed 277 barrels of oil with 25 percent sediment and water in 22 hours 14 minutes. Rig released to run potential and complete. location Section 474, Block 1A, H&TC Survey.
MENTIONED IN THIS ARTICLE
Bird
Coke County
Panther Gap
Strawn Reef
H&tc
Outpost Slated In Midland Area
Magnolia Petroleum Co plans a 34 mile northeast outpost to the Midland Spra yberry Trend area 13 miles northeast of Midland. The No 1 Earle Powell is projected to 8000 feet with location 1980 feet from the ports and west lines Section 44 Block 36 TIS T&P Survey.
MENTIONED IN THIS ARTICLE
Magnolia Petroleum Co
Midland
Sprayberry
Earle Powell
TIS
T&p
UT Geology Classes Plan Summer Field Trip
About 22 University of Texas geology students will spend the summer in field courses at Marathon and Smithville. The senior field course covers geologic mapping, air photo interpretation, surveying, rock and fossil recognition, and outdoor techniques. June 4 to July 15 will have 34 seniors near Marathon with trips to the Marathon Mountains, Big Bend, Davis Mountain and Glass Mountain. Simultaneously 26 students study Coastal Plain geology in Smithville.
MENTIONED IN THIS ARTICLE
Marathon
Appalachian Mountains
Big Bend
Davis Mountain
Glass Mountain
Coastal Plain
Smithville
Cities Service Expands Ponca City Refinery
Cities Service Oil Co. has completed a multimillion dollar modernization at its Ponca City Oklahoma refinery. A new catalytic reformer unit will raise octane output and is the largest of its kind in operation in the United States. Crude capacity increased from 25,000 to 35,090 barrels daily.
MENTIONED IN THIS ARTICLE
Bartlesville
Okla
Special — Cities Service Oil Co
Ponca City
United States
Houston oil executive honored for meritorious achievement
L F Mc Collum of Continental Oil, based in Houston, received an award from United Shareholders of America for meritorious achievement in management stockholder relations. The non profit organization cited his leadership and contributions to corporate governance.
MENTIONED IN THIS ARTICLE
Houston
L. F. McCollum
Continental Oil
United Shareholders of America, Inc
Texas stocks offered to bona fide residents only
A coastal Texas marketing note lists numerous local stocks and investment firms with prices and names such as Sterling Securities Inc American National Insurance Columbia General Life Great Plains Life and Texas Gulf Industries. It invites Texas residents to submit worthwhile Texas stocks for sale and advertises services for first state bank title and new issue stock market updates including Dow Jones averages.
MENTIONED IN THIS ARTICLE
Texas
Sterling Securities Co., Inc
American United Tmct Cayras Preseyses
American National Insurance Oo
Columbia Gen. Life
Great Plains Life
Ling Electric Co
JQ Lincoln Hotel
Ogeesa
Life
WILCO
Eee
Morris Plan Life Torutancs Ees E Wean
O.L. Factors
Pennian Basin Life & Amesemen
Public Savings Insurance Co
SY Rainbow Mining Co
Ife
J Hocket Petroleum Co
Midland
First State Bank
Reservoir Engineers Seeks Qualified Experienced Professionals
A major U.S. oil company with Venezuela operations seeks graduate engineers and physicists with five to ten years of reservoir engineering experience. Positions offer growth in a expanding technical organization with confidential interviews for qualified candidates. Salary ranges 14900 to 18000 plus benefits including home vacation travel expenses and NY 19 5%.
MENTIONED IN THIS ARTICLE
U. S
Venezuela
U.S
Ing Technical Organization
Watson brothers launch Permian Basin drag-bit plant
Dean and Billy Watson with Sam Reeves chartered Drag-Jet Manufacturing Corp in July 1956 at Terminal. The firm now produces about four dozen UA-diameter rock-cutting drag bits daily for seismic work and uranium exploration, serving Permian Basin and beyond with bits sized 2 to 5 inches and enhanced edge features.
MENTIONED IN THIS ARTICLE
Billy Watson
Dean
Permian
Drag-Jet Manufacturing Corporation
American Oil
West Texas
Permian Basin
Watsons
Sweetwater
Sam Reeves
Drag-Jet Manufacturing Corp
Grants, N. M
New Mexico
Colorado
Utah
Terminal
Lufkin
Dean Watson
Reeves
Odessa-Midland
Justice Dept Not Following Oil Orders Budget Fails Inquiry
Washington June 8 UPI The Justice Department is not reporting annually on whether the interstate oil compact commission’s conservation actions unduly influence competition in oil. Lack of funds and Brownell’s opposition halted the study. Congress showed no urgency to press the issue. The oil commission, in 27 states, has faced monopoly charges as Utah joins at Yellowstone. The planned report for Sept 1 may be the last due to budget and manpower limits.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Department
Congress
Interstate Oil Compact Commission
Herbert Brownell Jr
Brownell
Commission
Compact
Creed
F Rom
Utah
Yellowstone National Park
Brown
Harris Calls Gas Bill Meet
Washington June 5 Chairman Oren Harris of the House Commerce Committee announced a special press conference for Sunday amid reports that President Eisenhower might drop his demand for amendments to the pending natural gas bill. The measure would ease federal price control on independent natural gas producers and respond to Eisenhower’s insistence on changes to base rates and Federal Power Commission review of escalator pricing. Harris declined to discuss the conference topic or any possible amendments, saying he would issue a statement at the press event.
MENTIONED IN THIS ARTICLE
Washington
Oren Harris
House Commerce Committee
Eisenhower
Commission
Mes
Harris
United Press
Hares
Also Mentioned on This Page
Pioneer
Tidewater
New York 19
Winkler
Discovery, Ohio Oil Co
M. J. Hill
Humble Oil & Refining Co
Hercailes
Odessa, Texas
Hercules
New
Mexico
General
P. O. Box
DOW Jones
New York Stock Exchange
Alleghancy Corp
Aluminum Co
Amerada
Pete Wee
American Airlines
American Can
American Tel & Tel
Anaconda
ile Anderson Prichard _ Argo
Fale Pels
Va Ashland
Atlantic
Baldwin Limae
Baltimore
Ohlo
Bethlehem
Yet Steel
Braniff Airlines
Chrysler Motor
Colorado Fuel & Iron
Colden
Ats
Eel Crucible Steel
Wees - Vear
Dan River Mills
Angee Oe
DuPont
Gts
el Paso
Nat Gassae
Fairchild Ens & Air
Falsta Brewing
Ford Motor
General Dynamics
General Electric
General Motors
Aenaes
Halliburton
Interlake
Jones & Laughlin
Kaiser Aluminum
Kerr McGee
Lockheed
Lone Star Cement
Shige Beeen
Lone Star Gas
Glenn L. Martin
Monterey
Ional
New York Central
North American Aviation
Ohio Oil
Mat Penn RR
Phillips
ASA
Radio Corp of Americana
Reed Rattler
Rit
Mate
Republic Steel
Crt
AGL
Powel Duteween
Sears & Roebuck
Shell Oil
Sinclair Oil
Socony Mobil
Sperry
Indiana
Studebaker
Pacard Sun
American Stock Exchange
Cdn
AL Farsa
Bee
Merrill
Pete
Idria
Aztec O & Gas
Dixilon
Fuboo Pete
Pure Metals
Southern Union Gas Texas
Velex
Westbrook Thomsen
Western Natural Gas
White Earle
Bor
New York
Brothers
By Tom Williams
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