Industry cautious as oil and gas exploration slows in 1960s era
Enthusiasm for year end exploration faded as the Federal Power Commission price rise for natural gas sparked initial plans, but tax changes shifted outlook. Analysts say independents may cut drilling, with large funds delaying programs while existing rigs continue development in New Mexico Texas and the Delaware Basin.
MENTIONED IN THIS ARTICLE
Jolly Schram Midland
Federal Power Commission
New Mexico
FPC
Texas
Delaware Basin
West
Ramslands
Congress
Thompson
South Texas
Vega Petroleum Corp
Midland
San Antonio
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