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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 22, 1981
Page
2
Scouting notices show Andover Oil Co No 1 A 38 at University drilling 10100 feet. Pierson Sibert Oil Co No 1 8 Milliken drilling 6972 feet. Arko Oil & Gas No 142 University drilling 5746 feet.
Midland based Conoco plans No 132 TXL wildcat in Howard County 11 000 ft near Forsen three miles west of Forsen with location 1880 feet from north line and 660 feet from west line of section five. Amerind Oil vies No 1 Musgrove 9500 ft wildcat in Howard County five miles north of Cohoma with precise survey offsets. Other operators including McCormick, Kaspar, Florida Exploration and Union Oil list multiple deep wells across Ector Eddy Garza Lee Loving GMW Mitchell Terrell and Terry regions with depths from about 3564 to 15 022 feet.
Daily quotations from the National Association Security Dealers show interdealer bids and asks. Interdealers quotes exclude markup, markdown, or commission. Rival, First United Bancorp, Tipperaryl Land Co, Stewart & Stevenson, and Dawson figures appear in late market listings.
A Texas conglomerate has agreed to acquire Amherst Coal Co in Charleston for about 200 million dollars. The plan trades Amherst stock for roughly 6.2 million Diamond Shamrock shares and leaves Amherst to operate as a wholly owned subsidiary under its current name and management once shareholders approve.
United Mine Workers President Sam Church, firm on seven demands from miners, vows to press dispute with Bituminous Coal Operators Association. After a day with the 39 member bargaining council Church says no progress, but agrees to resume talks with chief industry negotiator Bobby R. Brown amid lingering doubts and plans to present a united front.
Industry and union negotiators clashed as leaders discussed good faith bargaining while preparing for possible talks before winter. Brown, the oil industry’s chief negotiator, was unavailable for comment as BOOM signatories weigh retention or replacement amid stalled proposal discussions.
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