East Texas oil glut and New Mexico prospects warn of price ruin
The article surveys gasping oil fields from Hobbs to Lea and Eddy counties, noting production totals, well outputs, and the impact of East Texas growth. It details rising U S production, proration effects, concerns over prices, and calls for New Mexico's adequate production allotment. It also critiques New Mexico Severance Tax and advocates quicker code formation under federal recovery plans.
MENTIONED IN THIS ARTICLE
Jalis
New Mexico
Hobbs
Eunice
Texas Company
Lea Pool
Lea
Getty, Artesia
Malja- Mar
Mallamar
Flynn
Welch and Yates
Stevens
Jackson
Longview
Texas
Dallas
East Texas
United States
New York
N. Y
W. A. Nicholas
New Mexico Oil Men’s Protective Association
Roswell
N. M
American Petroleum Institute
Stevens Hotel
Chicago
Gil
Petition Drives Oil Tax Debate Across State
A 65 000 sign petition calls for more development and capital in the oil area and warns against the severance tax. The oil industry bears tax burden via motor fuel related levies, with 1952 figures showing state oil production taxes and royalties totaling about 519 877 dollars, while total revenue from oil related sources nears 4.44 million. Advocates say restrictive taxation could hinder development, while hopeful signs include easing East Texas threats and improving business conditions.
MENTIONED IN THIS ARTICLE
East Texas
Macon dirigible Macon seen over Chicago during training flight
Chicago sighted the giant dirigible Macon at 5 20 am daylight time on its 48 hour training flight from Akron Ohio. The sister ship of the Akron was carrying about 90 people and had been sighted near Lake Erie prior to Chicago. It moved slowly over the near north side of the city toward the Lake Michigan shore and then north toward Milwaukee Wisconsin.
MENTIONED IN THIS ARTICLE
Lake Michigan
Northerly Island
Charles Miller
Maryland Avenue
Chicago
Charles Henderson
Northerly
Fair Grounds
Wyllys T. Miller
Kittanning
Macon
Akron
Ohio
Near North Side
Lake Erie
Detroit
Mich
Milwaukee
Wis
Camp Leaders Receive Certification in New Mexico
Thirteen Boy Scout leaders in Roswell and eastern New Mexico will receive Camping Specialization certificates from the National Council Boy Scouts. Requirements include two weeks camping with their troops and completing a stamping course. Certificates mailed from Roswell Scout office list recipients Charles Stone James Duthie Oscar Mac Wait Terry Melrose J H Farmer Clovis Re Prentiss Tucumcari J De Smith Carlsbad J W Mallard Tescalero and others.
MENTIONED IN THIS ARTICLE
Boy Scout
Roswell
New Mexico
Nationing Council
Roswil
Charles Stone
Dean Ae
Lard
L. Bee
James Duthie
Oscar Gr Mac Wait
Ds Terry
Melrose
J. H
A. J. Farmer
Clovis
A Prentiss
Tucumcari
de Smith
Carlsbad
J.-W. Mallard
Vaughm
Fred ‘Pellm&n
Tescalero
Also Mentioned on This Page
Nicholas
Axtell J. Byles
Eddy
Chaves
Washington
Agai
Acme
San Juan
Oie
Roswell, N.M
Safeway
Lifebuoy
Close
Conoco
Conoco Cere
Mexico
Ide
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