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Press Telegram in Long Beach, California

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Jul 31, 1974

Page

2

California to appeal oil price control ruling in bid for fair value

California will continue its battle for fair market value of crude from state lands after the State Lands Commission ordered an appeal of a federal ruling. The move, led by Controller Houston J. Flournoy, targets about 650000 dollars daily lost revenue and the retroactive effect of last Friday's decision. The appeal to the Supreme Court, urged by Attorney General Evelle Younger, must be filed by August 26.

Sacramento California State Lands Commission Tuesay Houston J. Flournoy Commission Evelle Younger FEO Flournoy State of California Tidelands Long Beach John Mangell Warren J. Abbott Younger U.S. Supreme Court

Drilling for gas oil on the rise in state

SACRAMENTO reports a near doubling of exploratory gas and oil wells in California over the past year. Division head John Matthews says rising fuel prices make drilling worth the risk as wells increase to 1,250 from 650. Additional crude finds could lessen foreign oil dependence and lower baseline prices.

Sacramento UPT California State Division of Oil and Gas John Matthews Matthews San Joaquin Valley Bakersfield-Taft Bay Area

Gulf near-shore oil bids total 76.4 million in junk sale

In New Orleans, the Interior Department drew 76.4 million in high bids for 49 Gulf of Mexico offshore tracts off Texas and Louisiana. The sale, called a junk sale, saw many previously rejected bids of about 130 million fail to attract new offers, with only 22 tracts receiving bids this time.

New Orleans Gulf of Mexico Texas Louisiana Interior Department Texaco Eu‘zene Island Dale Johnson Washington Interior Marine Minerals

Also Mentioned on This Page

Our State Bureau Dooley Fin Aldebaran Maracaibo Arcturus Zenith Inclinedia Alta Creel Gulf
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