Energy firms report first quarter results and discoveries
Cibola Energy Corp posts revenue of 777,592 for Q1 with net income 40,455 and earnings per share of 0.01 amid a stock offering. HOUSTON-MCO Resources shows Q1 net income 3,188,000 on 23.2 million revenue, up from 1981. Shannon Oil & Gas reports two gas discoveries in Matagorda County testing over two million cubic feet daily. May Petroleum Inc. posts Q1 1982 revenue 7,713,888 with net loss 1,149,179 and per share loss 0.17. Coronado Minerals appoints James R. Godley president after Matthew Howard’s death. Mineral Development reports Walton Heirs A1 well flow of 264 barrels oil and 710,000 cf gas in 24 hours. American Public Energy posts Q1 1982 earnings 0.10 and revenue 1.5 million. Southland Financial prints Q1 1982 loss of 1,040,000 amid 1.0 billion in consolidated results.
MENTIONED IN THIS ARTICLE
Albuquerque
Cibola Energy Corporation
Houston
MCO Resources, Inc
Dallas
Shannon Oil & Gas, Inc
Matagorda County
Markham Dome
Bay City
Kountze & Couch No
Frio
Kountze & Stewart
May
May Petroleum Inc
Midland — Mineral Development, Inc
Smith County
Walton Heirs
Travis Peak
Dallas — American Public Energy Company
Basin Basin Well List Reveals Dense Oil Field Names
A dense OCR list catalogs numerous oil and gas wells with operators such as Exxon, Amoco, Texaco, and Mobil across multiple counties and fields. It includes well designations like No. 1-EU St. Univ., No. 1 Mitchell, and No. 1-B Longfellow with production or facility tags and assorted location cues.
MENTIONED IN THIS ARTICLE
Exxon
EU St. Univ
Grand Banks
Beaver
HNG
Hunt
Cerf Ranch
JEM
Univ
Marline
Koontz
Worth
Thigpen
Reeves — Cox
Texaco
Fort Worth firm touts 1981 as best in 12 years
American Quasar Petroleum Co reports record first quarter 1982 revenues of 14.815 million and net income of 1.959 million as stockholders hear 1982 outlook. First quarter 1981 revenue was 13.716 million and net income 0.787 million.
MENTIONED IN THIS ARTICLE
Fort Worth
American Quasar Petroleum Co
Zapata declares cash dividends for common and preferred shares
Zapata Corporation board declares a quarterly common dividend of 18 cents per share to holders of record July 16, 1982, payable August 14, 1982, and a regular quarterly dividend of 50 cents per share on the company's $2 noncumulative convertible preferred shares to record holders at June 18.
MENTIONED IN THIS ARTICLE
Dallas
Centex Corporation
THE
Woodlands
Mitchell Energy & Development Corp
Houston — Zapata Corporation Board of Directors
Zapata
Busness
Reagan outlines plan to dismantle Energy Department
Reagan sends Congress a dismantling plan transferring most Energy Department functions to Commerce. The move, once a campaign issue, aims to reassign weapons production to a deputy secretary for defense, amid opposition from Senate Republicans led by Sen. John Tower.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Reagan
Congress
Energy Department
Carter
Ronald Reagan
White House
Commerce Department
Republican Committee
Senate
Sen
John Tower
R-Texas
Armed Services Committee
Tower
Commerce
First Matagorda reports Q1 1982 loss despite higher oil revenue
First Matagorda Corporation announces 1982 Q1 total revenues of 412,119 with a net loss of 58,488 or 0.02 per share versus a 1981 loss of 202,274 or 0.07 per share. Oil and gas revenues rose 43 percent despite a 16 percent drop in average selling price. Cash flow was 21,659 against a prior quarter negative 90,283. Plumb Oil Company reports Q1 1982 revenues of 399,988, up seven percent from 372,644 in 1981, with a net loss. Albert L. Reese Jr. cites higher royalties and joint venture trainer fees as drivers.
MENTIONED IN THIS ARTICLE
Houston
First
Matagorda Corporation
Plumb Oil Company, Inc
Albert L. Reese, Jr
Reese
Natural gas as car fuel predicted by trade group
The American Gas Association forecasts 2.5 million cars could run on natural gas by 2000, though this would be under 2 percent of all vehicles. It notes compressed natural gas would cost about 45 cents per gallon less than gasoline, fueling a potential rise from the current 30,000 users.
MENTIONED IN THIS ARTICLE
Washington
American Gas Association
Over the Counter Daily Quotations From NASD
Inter dealer quotations list bid prices and offsets with no markup or commission. Entries mention companies such as Durham Inc Midland No 1 Grey Lake and B&C Oil Properties Odessa with tract notes including survey lines and distances from lines. Distances and locations cover Howard County Pecos County Reeves County and other Texas counties with references to T and P surveys and townships.
MENTIONED IN THIS ARTICLE
National Association Security Dealers
Durham Inc
Midland
Grey Lake
Howard County
T&p Survey
Wealmor
T&p
Toyal
B&c Oil Properties
Odessa
Lowry
Pecos County
H&gn
Coyonosa
Anadarko Production
Also Mentioned on This Page
By Southwest Newswire
Coronado
Coronado Minerals Company
James R. Godley
Matthew Howard
Godley
Southland Reports
Irving
Southland Financial Corporation
Andrews
Brewster — Phillips
Law
Crane
C Tucke
Chaves Fed
Harper No
Tomlinson
Eiland
Eddy — Amoco
MF St. G. Com
Collier
South
Fuller
Brushy Draw Deep
Pogo
Quantah
Hay
Gaines — Craig
Liberator
Enserch
McCloskey
Garza — Hrubetz
Lott
L&b
Brunson
Wood & Locker
Hudspeth
Ask St
Kent — Westland
Mcleans
LEA — Amoco
Cliffs
Starman
Grace
Buffalo East Deer
Marathon
Aetna Eaves
Lubbock — Zephyr
Burns
Longfellow
Mitchell
McComb Ga
Mobil
Blair
RK Petrol
Dixieland
Terrell
Downie
Shell
UPTON
TXO
Damron
Ward — Anshutz
Wight
Kembark
Hogg
Wildcats
Quasar
By Martin Crutsinger
E. Hwy
Uzuki
Suzuki
Golden Coach & Marine
Enterprise
BELL
1652
H.B. Rhoads
S Line
E Line
Big Spring
First United Bancorp
MGF Oil
Tipperary Land Co
Stewart & Stevenson Dawson
Texas
MasterCard
Bausch & Lomb Soflens
Soflens
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