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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 22, 1961
Page
2
NEW YORK AP The steel jacket was mixed in moderate trading at the opening. Most leading issues showed narrow changes. Standard Oil New Jersey rose 4 1/2 on 3,000 shares. Eastman Kodak was down a point to 105 1/4.
Port Arthur reports a federal judge trimmed a temporary restraining order on picketing at Gulf and Texas refineries to five days, with pickets limited to one ingress. NMU vows further action as unions plan solidarity at area docks and shipyards amid disrupted operations and injuries from a gangway accident on the Gulf Stag.
West Texas moves forward with three new prospectors as Texas Gulf Producing Co discovers a 3400 foot wildcat in Crockett County near Ballinger Ozona and Runnels Perkins fields. Roberts Drilling Co reports a Nolan County Ellea burger discovery with a 96.55 barrel per day test and 114 miles southwest of a Strawn field.
President Kennedy faced a Texas bid to use Taft Hartley to halt a maritime dispute as seamen picketed Gulf Coast refineries. About 30 ships were tied up in Texas ports including Houston Galveston and Freeport. North Texas Oil and Gas Association urged a cooling off period for 80 days claiming national security risks. Unions face charges of secondary boycotts amid picket lines at Todd Shipyards Galveston Amoco refinery work Kellogg Construction. NLRB in Houston to investigate.
Refinery operations and gas output climbed in the week ending June 16 as the American Petroleum Institute reported. Crude runs rose by 112,000 barrels daily to 8,244,000, with East of California refining averaging 7,040,000 barrels. Gasoline production increased to 30,714,000 barrels, while heavy fuel oil declined to 5,624,000 barrels and light fuel oil rose to 12,745,000 barrels. Kerosene output dropped to 2,315,000 barrels alongside other mixed changes in stock and production.
A fragmented report details numerous oil well activities including Humble, Ector-Conoco, Texaco, Cochran-Sunray Brown, Eddy-Sinclair, Cranes-Bell, and others. It lists depths, casing, acidizing, swabbing, water and oil production, and current drilling statuses with several wells at various stages and depths.
The report shows mixed shifts in crude oil and product imports and production. Domestic output rose modestly to 7.105 million barrels daily while Texas throughput climbed to 2.502 million. Imports fell overall to 1.506 million barrels daily with regional declines east of California and varying California figures.
The Midland and Pecos oil districts report varied drilling activity including Atlantic and Gulf Cross wells, depths around 6,000 to 16,000 feet, and a Keystone multipay in Winkler County near Kermit. A Devoni an producer reentries a well, while Sinclair Refining Co. faces a potential NMU picket amid plant closure and union dispute.
Stonewall gains a field extender with WM. and A. P. Fuller of Midland and J. R. Carson of Stone, as reported in the latest update. The item notes a procurement or addition involving local firms and individuals in the Stonewall area.
The writer argues state utility commissions in California, Pennsylvania and New York manipulate gas pricing for political reasons. They oppose intrastate and interstate gas pricefairness, claim wellhead prices should be fair, and warn against harming exploration by favoring home producers. The piece calls for consistent, nonpolitical action to balance producer interests with public welfare.
Washington AP Moody president of the National Coal Policy Conference told a House committee that the declining coal industry faces severe peril from low priced oil imports. He cited coal production near 370 million tons for the current year, noting it was last that low in 1903. He warned the nation must choose between a domestic fuels industry or continued dependence on foreign supplies.
AUSTIN AP Attorney General Will Wilson said Governor Price Daniel has asked legal opinions on the constitutionality of two proposed taxes on natural gas pipelines. Eckhardt outlined a 15 million dollar per year bill taxing gas produced under dedicated reserve contracts. prior attempts were ruled unconstitutional. Eckhardt plans a similar measure in the special session opening July 10.
Union Oil Company of California announced a public sale through Dillon Read & Company of $120,000 in debentures. Proceeds will retire $120,007 in debentures held by Gull Oil Corporation.
Petroleum Today notes a shift from oldtime grease monkeys to modern service station operators. More operators take specialized courses in marketing and advertising while about ten percent have attended college, signaling professionalization in the industry.
A $1.5 million experimental freshwater plant in Freeport begins operations to convert seawater into municipal water. The project, the nation’s first of its kind, ties into a federal push for leadership on water use. Officials from federal and state levels attend as water flows through the 12 evaporators.
Crane Draws an OF Corp and land at 651 W. O. Waddell reports completion of a west extension to Judkins gas production in the Sand Hills multipay field 2 miles northwest of Crane. The Mehour prospect well produced 5,800,000 cubic feet daily through 105 feet. Location is 1320 feet north and 1980 feet east of Section 1 Block 2 PSL Survey.
The Lea Prospector Dry Cabeen Exploration Corp centered near Roswell and Shell Federal Lea County reported its wildcat 15 miles west of Eunice has been plugged and abandoned at 5511 feet. Location spots sit 660 feet north and 19 meters east of the Section 22-245-HE lines.
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