Texas Refining Industry Faces Rocky Near-Term Future
The Texas refining sector weighs gasoline supply pressures and price trends through 1958 and into 1959. Despite expanded capacity and high octane upgrading, the margin between crude costs and product prices narrows as gasoline stocks rise. Texas remains pivotal in national fuel use, with refinery jobs and large regional plants in Port Arthur, Beaumont, Houston, and Corpus Christi.
MENTIONED IN THIS ARTICLE
Texas
Corsicana
Port Arthur
Beaumont
Houston
Corpus Christi
Bank of Refining
California
Louisiana
Pennsylvania
Indiana
New Jersey
Ohio
Cueses
Oklahoma
Kansas
Texas Refinieries Plagued by Costs and Weak Prices
A year in review shows Texas refineries facing higher wages and materials costs while crude prices lag 1956 levels. Texas leads with 54 refineries handling over 2.4 million barrels daily and supplies about 29 percent of the nation’s gasoline and 36 percent of kerosene. Through early 1958 refiners ran about 10 percent below the prior year as inventories remained high and demand to raise output.
MENTIONED IN THIS ARTICLE
Nace
Texas
Rocky Mountains
Oil Boom Stats for Gulf Coast District 3 by Texas Association
A thumbnail sketch of Gulf Coast Oil and Gas in Railroad Commission District 3 with data through 1901 to 1958. It lists cumulative crude oil production 3 896 142 231 barrels, 1957 crude 150 259 571 barrels, 14.2 percent of state total, natural gas 1.4 trillion cubic feet, 1957 totals for wells drilled 1 660, 44 0 wildcat, 354 dry, and 8 month 1958 figures. Also notes 18 refineries capacity 1 859 750 barrels per day, 18 natural gasoline plants capacity 1 284 763 gallons daily, 6 cycling plants capacity 1 746 510 gallons daily, and 2 carbon black plants throughput 16 million cubic feet daily. Compiled by Texas Mid Continent Oil & Gas Association.
MENTIONED IN THIS ARTICLE
Texas
Gulf Coast
Seaboard
America
Gulf Coast Oil and Gas
Railroad Commission District
Texas Mid-Continent Oil & Gas Association
Accidents Claim Nine Valley Lives
Harlingen records show nine traffic deaths in September on Valley streets and highways. Four occurred on rural roads and five on city streets, including a four-death rural incident and a bicycle auto fatality in Weslaco. Two pedestrians died on U S 83 near Weslaco, plus a one car turn over near San Benito and a pickup overturn nearby.
MENTIONED IN THIS ARTICLE
Harlingen
Texas Highway Patrol
Weslaco
U. S. 83
San Benito
Roma Fatal One-Car Crash Totals 38 for 1958 Nine Months
A report states all nine month 1958 fatal crashes in Roma are single car incidents with one driver involved. This brings the total to 38 for the period, compared with fatalities from two-car crashes in the same span.
MENTIONED IN THIS ARTICLE
Roma
Also Mentioned on This Page
Gien
Mickee Coffey
Airman
Davis
Harlingen Air Force Base
Texas Refineries
Texas Mid-Continent Oil & Gas Asociation
Rogers
Oscar
Florida
Dick Radoff
Radoff
Houston Zoo
Port Isabel
Mr. Radoff
Macho
Service Pipe Line Company
Tulsa, Oklahoma
PAN American State Bank
F.D.N.C
Member
Federal Reserve System
Brownsville
Lee
Delbi-Taylor and
Mayfair
Deli-Taylor Oil Corp
Port Isabel, Texas
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!