Oil wildcat drilling plans and results in Texas fields
Operators announce multiple wildcat locations in Andrews, Runnels, Garza, Gaines, and Crane counties. Drilling depths range from 2,600 to 13,000 feet with Devonian and Wolfcamp prospects. Notable activity includes Andrews No. 1-D O. Kenne idy, General American No. 464 Miller, and Bayview No. 1 Eppenauer-Moore with recent production/test data and offset wells in Spraberry, Shafter Lake, and Glorieta fields.
MENTIONED IN THIS ARTICLE
Etra Survey
Ashman and Hilliard No. 3 Ltd
Midland
University
Andrews County
Frankel City
Shafter Lake
University Land Survey
General American Oil Co. of Texas
Miller
Garza County
Justiceburg
Gorden Simpson
Spraberry
Borden County
H&gn Survey
Lea County Strike Offset Completed in Lea County
Great Western Drilling in Midland reports the Lea County No. 2-MM Federal offset completed as a 9714 foot Pennsylvanian producer with a 126 barrel daily test and 44 inch casing. Nearby Gulf Oil to re-enter No. 1-T-C Barnsley well to seek Wolfcamp production, while other offsets in Runnels and Reagan counties prep deep tests for Spraberry and San Andres prospects.
MENTIONED IN THIS ARTICLE
Great Western Drilling Co
Midland
Lea County
Federal
Gulf Oil Corp
T. C. Barnsley
Lea
Crane County
Crane
South Sea
PSL Survey
J. B. Shick Drilling Co
Absience
Fred Spreen
Cindy Bay
Gardner
Runnels County
Etra Survey
Texola Drilling Co. Inc
Dallas
Rocker Ranches Co
Reagan County
Big Lake
San Andres
H&tc Survey
Stock Market Edges Lower in dull trading
The New York stock market slipped in dull trading as the AP average of 60 stocks noon at 244.50, down 0.60. Industrials fell 1.20 while rails and utilities held steady. some chemicals and nonferrous metals posted losses, with tobacco and electronics generally advancing.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Texas Oil Fields Feel Results Of Huge Strike
Gulf Oil Corp pared refinery runs at Port Arthur and cut crude intake as the national maritime strike spread to Texas. More than 30 ships tied up Texas ports, with court orders restricting NMU and union pickets. Sinclair refineries halved domestic crude purchases as operations slowed nationwide.
MENTIONED IN THIS ARTICLE
Houston
Gulf Coast
Texas
Gulf Oil Corp
Port Arthur
New Mexico
Kennedy
Gulf
Dist
Solomon Casseb Jr
San Antonio
National Maritime Union
NMU
American Radio Association
Gulf Port Arthur
U.S. District Court
Tyler
Texaco
Donald Markle
Galveston
American Oil Co
Texas City
Marine Benevolent Association
Todd Shipyard Corp
Sinclair Refining Co
Oil Workers Union
NLRB
Oil Workers
Striker's Legal Battle Closes at STINNETT
In STINNETT, 28 former Phillips employees sue Local 351 of the International Union of Operating Engineers for 4 million dollars, claiming job losses followed a union ordered plant shutdown in 1958. Defense rested with L V McCarthy denying any coercive legal requirement.
Study Shows Modern Service Stations Grow with Training
New York report notes Petroleum Today says operating a service station now requires more than mechanical skill. Many of the nation's 200000 operators take courses in marketing and advertising, with about ten percent attending college.
MENTIONED IN THIS ARTICLE
New York
Moretan
Grease Monkey
Petroleum Today
Colfees
Alleghany Corp First Quarter Report Shows Decline
New York UPI reports Alleghany Corp the Murchisons Texas issued a first quarter statement showing lower earnings and diminished net assets. Net income was 108,143 versus 398,658 a year earlier while assets stood at 133 million down from 144 million last year. The delay followed a proxy battle that allowed the Murchisons to take control from financier Allan P. Kirby.
MENTIONED IN THIS ARTICLE
New York
UPI
New ‘Alleghany Corp
Murchisons of Texas
Murchisons
Allan P. Kirby
Oil Strike Triggers Cuts in Crude Purchases
Two maritime unions face unfair labor practice charges as Sinclair and Gulf Oil reduce crude intake amid a nationwide strike. NMU and MEBA picket refineries and shipyards, prompting NL RBI action and calls from North Texas Oil and Gas Association to invoke Taft Hartley to curb disruption.
MENTIONED IN THIS ARTICLE
Houston
UPI
Wichita Falls
North Texas Oil and Gas Association
Kennedy
North Texas
Atlantic
Gulf
National Labor Relations Board
National Maritime Union
The
Marine Engineers Benevolent Association
American Oil Co
Texas City
NMU
Kellogg Construction Co
Sinclair Refining Co
Steininger
Sinclair
Corpus Christi
Oil, Chemical and Atomic Workers Union
OCAW
Kansas City
Gulf Oil Cuts Crude Purchases Amid Maritime Strike
Gulf Oil Corporation trims runs at Port Arthur refinery and imposes crude proration in Texas and New Mexico due to National Maritime Union strikes tying up ships. Purchases in Texas drop to seven day basis. New Mexico crude buys fall to 87.4 percent of June allowance. If transport limits persist, July impact may exceed June. Sinclair cuts 50 percent earlier due to similar stoppages.
MENTIONED IN THIS ARTICLE
Gulf Oil Corporation
Port Arthur
Texas
New Mexico
National Maritime Union
Gulf
Railroad Commission
Texas-New Mexico
Sinclair Oil Corporation
Sinclair
Tidewater Oil Announces New Personnel Hikes
Tidewater Oil reveals executive promotions with J. E. Roth to take on more special assignments and assist the president in guiding company activities as George F. Getty IØ announces changes in Los Angeles.
MENTIONED IN THIS ARTICLE
Tidewater Oil
Los Angeles
Tidewater Oil Company
George F. iGetty I
Tidewater
J. E. Roth
Major Tidewater executive reshuffle in exploration division
Charles R. Brown is named group vice president for exploration and production at Tidewater. James McDonald promoted to vice president and Western division general manager. Brown has long served in Tidewater leadership roles and McDonald joined in 1937, rising through refinery and division posts. The moves add senior executive oversight to exploration, drilling, and regional operations.
MENTIONED IN THIS ARTICLE
Charles R. Brown
Tidewater
Cornell University
American Petroleum Institute
Brown
San Franciso
California
Tulsa
Oklahoma
Bedee
Ber
Ater
Western Division
Union Texas Gas To Give Refund In Settlement
Washington AP Union Texas Natural Gas Corporation Houston will refund about 10.5 million dollars to Texas Gas Transmission Corporation Owensboro Kentucky under a settlement approved by the Federal Power Commission. The case covers gas from nine fields in southern Louisiana and notes a proposed annual increase of 3.5841 million dollars filed in 1956. The commission says the settlement benefits the public interest and fixes a firm price through 1971 for a large portion of gas Texas Gas purchases from producers.
MENTIONED IN THIS ARTICLE
Washington
Union Texas Natural Gas Corporation
Houston
Texas Gas Transmission Corporation
Owensboro
Federal Power Commission
Louisiana
Union Texas
Union Oil & Gas Corporation of Louisiana
Texas Gas
Also Mentioned on This Page
Gaza
Andrews
British American Oil Producing Co
Elizabeth Armstrong
North Andrews Field
Dalton Moore Engineering Co
Abilene
D. O. Kenneidy
Ballinger
Ashman and Hilliard No. 4 Ltd
Williamson Petroleum Co. Midland
Wolfcamp
Bayview Oil Corp
Eppenauer-Moore
Bayview
Andres
Block
Jones
Hte
Continental Oil
Colden Pete
Crown Cork
Crucible Steel
Curds Publishing
Dan River Milla
Detroit Steel
Isle
Douglas
el Paso
Emerson Elec
Emerem
Fora Mixer Co
Foremost Dairies
Kennecott Copper
Lockheed
Ling Teme
Lone Star
Lorillard
Maremount
Tite Marquart
Tatty MacDonald Air
Xry
Minerals & Chem
Wry
Montgomery Ward
New York Central RR
Neeth Amerikan AY
Pete x
Reich
Wwe
Aglitburton
Tervre
Texas Golf
Tex Par Coal
Bo Fientr & Ca
East Chicago
Striker
Alleghany Corp
Kellog
AMOCO
Todd Shipyards
Todd
Cliff Potter
E. L. Steininger
Gulf Oil Co
Permian
Borden — Cobb and Champlin
Clayton and Johnson
Clayton
Humble
Fusselman
Yates
McAlister
State JG
Novall
Ohio
Bone Springs
NSA
Wilson
UH State
Wiliamson
W Estates
Great Western
BODC
Bell J Mobil Glenn
Morrow
Martin — Cities
Scheneker
Crockett — Consantine
Hanson
Carpenter
Hanton
Batley
Shell
Johns
Dawson — Sinclair
Kent
Canoco
Foster
Barrow
Midland — Union
PECOS
Abell and
Bancroft
Gaines
Glassock
Texas National
Hockley
Cres Sconce
Hamem
BOO
Warng Om Cement
Humtve
Dahneen
Daling
Smlarr
Mase Éniding Wa
Son Wallace
Galkeher
Wilbanks
Bell
Danfiell
Borgens
Crom
Elsinore
Hum
Wimberdy
Hoat
Puckett
Odessa Natara
Dimhn
Wilbenks
Blackstone
Leanhern Minerals
Jasper
Reagan
Reeves
Cleveland
Winkler — Gulf
Keystone
Roosevelt
Boran
Atlantic State
Falken
Schleicher
Fortune 1
Chaney
Gusty and Amtexas T Cahill
Powell
Strawn
Texaco McMillian
Taylor
Terrell
Roden
Hicks
Mitchell
Upton
Iceland
34Th
Bock Wes W. Co
Skate Rentals
Penn Beavel Shores
Henderson
North
Parker Agency
National Company
America
Caf
Hal Brown
Scharbawer Hotel
Muteal
Seite
Union Texas Gas
Old West
St Aes
Rentieny Stelcht
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