Reserves Total Notes Decrease 1962 Oil Gas Liquids
The 1962 reserves report from American Petroleum Institute and American Gas Association shows total liquid hydrocarbon reserves at 38.701 billion barrels, down 107 million from 1961, with crude oil at 31.389 billion barrels and natural gas liquids at 7.312 billion. Production in 1962 reached 3.020 billion barrels combined.
MENTIONED IN THIS ARTICLE
New York
Special
American Petroleum Institute
American Gas Association
Yates Sand Gas Strike Finals In Gaines Area
A Yates sand gas strike is reported in Gaines County with El Cinco Production completing No 16 Jones, a gas discovery 12 miles northwest of Seminole delivering an absolute open flow of 4,100,000 cubic feet per day from 3,422 32 feet. Nearby Northwest and other wildcats target Eddy, Chaves, Fisher, and Runnels counties as Marathon Oil, Midwest Oil, R. W. Tesch Jr., and W. W. West announce No 1 North Indian Basin Unit, No 1-A Mobil Federal, No 1 H P Ammons, and No 1 Hubert Herring drills in respective areas.
MENTIONED IN THIS ARTICLE
Yates
Gaines County
Wildcats
Eddy
Chaves
Fisher
Runnels
el Cinco Production Co
Jones
Seminole
San Andres
Marathon Oil Co
North Indian Basin
Morrow
Midwest Oil Corp
Mobil Federal
Hagerman
Chaves County
R. W. Tesch Jr
Fort Worth
H. P. Ammons
Longworth
Fisher County
Claytonville
Saxon (Canyon
James Garuthers
US Natural Gas Reserve Total Rises in 1962
The American Gas Association reports 19.6 trillion cubic feet added to proved gas reserves in 1962, a 13.3 percent rise, bringing U.S. proved reserves to 273.8 trillion cubic feet. Louisiana adds 9.5 trillion cubic feet, now holding 71.9 trillion, second to Texas.
MENTIONED IN THIS ARTICLE
New York
Special
American Gas Association
U.S
A.G. A
A.G.A
Louisiana
Texas
Hearing On Water For Houston
The Texas Water Commission denied a motion to dismiss the American Canal Co. water claim from Clear Creek for Houston area development. A merits hearing was set amid opposition led by former Gov. Price Daniel and Houston officials who cited permit violations on the Brazos River. The firm seeks 27,000 acre feet from Clear Creek and 23,000 from Brazos, totaling 50,000 acre feet. Rep. Bill Heatly of Paducah is among the canal lawyers.
MENTIONED IN THIS ARTICLE
Austin
UPI
Texas Water Commission
American Canal Co
Clear Creek
Houston Area
Price Daniel
Brazos River
Houston
Victor Bouldin
Bill Heatly
Paducah
Economic growth varies widely across U S cities
AP reporter SAM DAWSON notes that national growth masks uneven local patterns. Some communities lag in housing and transit while others boom in construction. Cities like New York Chicago and San Diego show divergent trajectories with migration of industries and shifts from textiles autos and defense to new sectors.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
New York City
Chicago
San Francisco
Dallas Tex
Atlanta
Boston
Baltimre
Philadelphia
Pittsburgh
Cincinnati
Indianapolis
Detroit
California
Gulf States
San Diego
Calif
Basin Andrews Broseco and Penrose Drilling Update
Oilfield activity shows multiple well tests and drillings across basins. Wells like Falken No 4 Q flowed 281 barrels daily on a 30 64 inch choke while others progress with testrod or cementing operations. totals range from a few thousand to over twelve thousand feet deep with varied results.
MENTIONED IN THIS ARTICLE
Andrews Broseco
Penrose
Texaco University
University
Lost 20 Pounds With Barcentrate Ad
Mrs H E Hugben of Dallas Texas says Barcentrate helped her lose 20 pounds in 20 years. Money back guarantee if the first bottle does not show a path to weight loss. Available at Texas drug counters.
MENTIONED IN THIS ARTICLE
H. E. Hugben
Grafton
Dallas
Texas
Pecos County Drilling Plans Include Several New Testers
In Pecos County two testers are scheduled near Cayanosa while Apache Corp plans No 10 Trane at 1100M Fane Wall. CHAMBERS & KENNEDY seek drill No 1-B Trees northeast of Cayanosa testing the Delaware at 5 500 feet. W WEST of Midland targets Serrat sand wildcat No 1 Arch Brookshiel near Northlines area.
MENTIONED IN THIS ARTICLE
Pan American No
AU Fasken
DW University
Ellenburger
Mobil No
Cowden
Pecos County
Apache Corp
Eaves
Siaasvyyriuul Wu
Cayanosa
Trees Ranch
Chambers & Kennedy
Pecos
Delaware
Waha
H&gn
W. W. West
Midland
PWC
Tax Change Hit Again. Longview Mayor Warns of Texas Cost
J Clyde Tomlinson, mayor of Longview and president of the Texas Mid- Continent Oil & Gas Association, told the House Ways and Means Committee that proposed oil and gas tax changes would cost Texans 92 million dollars more yearly. He equated the sum to wages of 15,878 petroleum workers and argued the plan would hurt paychecks grocery money and school funds while Texas remains below the national per capita income average.
MENTIONED IN THIS ARTICLE
Washington
UPI
J. Clyde Tomlinson
Longview
Tex
Texas’ Mid-Continent Oil & Gas Association
House
Ways and Means Committee
Tomlinson
Texas
John Connally
Also Mentioned on This Page
Gaines Area
McMillan Lumber
West Murphy
Redwood
Greece
Black Sea
Soviet Union
Russia
West
Palo Alto
Los Angeles
Permian Basin
Fasken No
Chaves — Bell
Gulf No. 63
Estes
Crockett
Shannon
Humble No
CR State University
ECTOR
Blair & French
Parker
Eddy Humble
Inman No. 1
Camero
Gaines — Bass
Mobil Atlantic
Brown & George
Self
Howard
Amax Petroleum No. Boyd
Hudspeth — Gulf No
Kent — Atlantic No
LEA — Cabot
DOB
Felmont
Felmont State
Adv
OLD Forester
Kentucky
Isiaad
Osteo Amo
BF Brown-Forman Distillers Corporation
AV Couisvilke EM Mentucar
Feaure
Os.f.c. Coup
Brown-Forman Distillers Corporation
Louisville
Blazers
Galey & Lord
Pelham
Key
Rhoades
First National Bank
P.O
Odessa
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