New York Exchange Describes Dramatic Market Crash and Recovery
The New York Stock Exchange outlined the May 28 1962 crash and May 29 31 rebound detailing who bought and sold as 35 million shares changed hands in 673 000 trades. It found individuals heavy sellers during declines and buyers during rises while institutions ducked trends. Margin calls accounted for little of the selling.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Exchange
Keith Funston
Houston Earth Scientists Form Independent Society
Houston oil geologist Carleton D. Speed Jr. heads the new Society of Independent Professional Earth Scientists aimed at uniting independent geologists, geophysicists, paleontologists, and engineers nationwide. The group seeks higher ethical standards, public protection, scholarships, and expanded education within earth sciences, with a March 26 meeting during a major petroleum convention.
MENTIONED IN THIS ARTICLE
Houston
Society of Independent
Houston Independent Oilman
Carleton D. Speed Jr
Sam M. Pena
C. H. Sample
R. M. Beatty
Felis A. Vogel, Jr
A. L. Wadsworth, Jr
Jack Colle
Hershal ©. Ferguson
Kenneth L. Gow
Texas Room
Houston Club
American Association of Petroleum Geologists
Society of Economic Paleontologists and Mineralologists
Earth Scientists
Petroleum
Speed
Oil and gas drilling totals lag 1962 records in Texas
Regular drillers posted 169 oil and 31 gas wells this week, raising 1963 totals to 1,851 oil and 475 gas wells versus 2,091 oil and 652 gas wells to date in 1962. Wildcatters added five oil and 11 gas wells, with year totals of 77 oil and 129 gas wells, compared with 101 oil and 235 gas wells last year. Ninety six dry holes were reported. Oil finds occurred in Corpus Christi and Refugio, Midland and Wichita Falls. gas finds in Refugio, Houston, Corpus Christi, Palestine, Midland and Wichita Falls.
MENTIONED IN THIS ARTICLE
Austin
UPI
Wildcatters
Texas Railroad Commission
Corpus Christi
Refugio
Midland
Wichita Falls
Houston
Palestine
Petroleum Geologists and Chemical Society Meetings World
A concise listing of events includes the American Association of Petroleum Geologists meeting March 25 to 28 at the Rice Hotel in Houston, API Division of Production Mid-Continent district meeting March 27 to 29 at the Holiday Vic Man Motor Hotel in Amarillo, American Chemical Society national meet March 31 to April 5 in Los Angeles, Natural Gas Processors Association annual convention March 20 to 22 at the Rice Hotel in Houston, and Commercial Chemical Development Association meeting March 21 to 22 at the Americana Hotel in New York.
MENTIONED IN THIS ARTICLE
API
Holiday-Vic-Man Motor Hotel
Amarillo
American Chemical Society
Los Angeles
Natural Gas Processors Association
Rice Hotel
Houston
Commercial Chemical Development Association
Americana Hotel
New York
Firm Plans Uranium Hunt in Presidio County
A Denver based company plans to explore a sizable area in southwestern Presidio County to locate uranium. An exploration party from Susquehanna Western Inc. set up a camp 10 miles east of Porvenir and will search for an indefinite period guided by district geologist G L Quigley of Falls City and geologist Joseph V Tingley. Highland Butane Co of Marfa will supply butane for engines on the drilling rig.
MENTIONED IN THIS ARTICLE
MARFA
Presidio County
Susquehanna-Western, Inc
Porvenir
G. L. Quigley
Falls City
Joseph V. Tingley
Highland Butane Co
Data System Start Near Permian Basin oil data system
A cooperative, industry sponsored oil well data system is about to start in the Permian Basin. Eleven companies have completed or are negotiating with Hughes Dynamics, Inc. to act as service contractor. The Midland regional data facility has begun operations to transcribe data on about 140,000 wells into computer-ready forms.
MENTIONED IN THIS ARTICLE
Midland
Tex
UPS
Permian
West Texas
New Mexico
Hughes Dynamics, Inc
Atlantic Refining
Cities Service
Gulf Oil
Mobil Oil
Northern Natural Gas
Pan American Petroleum
Phillips Petroleum
Shell Oil
Sinclair Oil
Standard Oil of
Pooling Bill Is Important By Jim Clark Special To The American
A Texas legislature bill aiming to pool oil and gas resources is described as one of the most important conservation measures in 30 years. The piece highlights its potential impact on industry practices and state oversight, outlining the bill’s scope and possible effects on producers and public policy.
MENTIONED IN THIS ARTICLE
Texas
House
Senate
Wayne Gibbons
Alwyn King
Texas Independent Producers and Royalty Owners Association
King
Michel T. Halbouty
Railroad Commission
Keating To Keynote LPGA Convention In Chicago
Senator Kenneth B. Keating will address the LPGA annual meet in Chicago at a May 6 luncheon at the Conrad Hilton. The New York Republican, a Cuban crisis critic and former House member, will speak as LPGA marks its 1963 convention May 5-8 with a 4000-marketer turnout and a four day program including exhibits, sessions, and a banquet.
MENTIONED IN THIS ARTICLE
Chicago
Kenneth B. Keating
Liquefied Petroleum Gas Association
Conrad Hilston
New York
Keating
Republican Party
House of Representatives
Grad
Rochester
Harvard
Congress
U.S
LPGA
W. A. Schuette
Also Mentioned on This Page
API Division of Production
F. G. Prutzman
Sun Oil Co
Dallas
J. B. Stitt Jr
Mobil
New York Exchange
Earth Scientist Organization
H. Hentz & CO
American Bank of Commerce
By Jim Clark
W. Barclay
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