Pecos Enterprise in Pecos, Texas

Oil allowables Commission maintains all-out production

The Railroad Commission kept the Texas statewide oil allowable at 100 percent for May, continuing near-full output for over six years. May nominations from major buyers totaled 3,551,424 bpd, up 7,627 bpd from April, with East Texas Field held at 86 percent to avoid waste. Oil imports averaged 8,034,000 bpd for April's four-week period, totaling 42 percent of U.S. demand. Buyers listed Amoco 320,000 bpd down 5,000, Atlantic Richfield 170,000, Chevron 66,380, Cities Service 105,000, Continental 55,000 up.