New Exploration Company to Kick Off Major Drilling Program This Summer
Resources Research Co. of Los Angeles plans a 10 well summer drilling effort in southern Montana and Motley County Texas as part of a 100 well program. The venture, a unit of Property Research Corp., targets the Big Horn Basin Montana and Lake Basin Dakota pools with leases mainly on large farm lands and aims to expand across the Midwest and Southwest. Bert H. Murphy and Hal C. Porter lead exploration efforts from Roswell with extensive oil and waterflood experience.
MENTIONED IN THIS ARTICLE
Montana
Motley County
Tex
Midcontinent
Roswell
Bert H. Murphy
Hal C. Porter
Murphy
Stanford University
West Texas
New Mexico
Signal Oil & Gas Co
F. Kirk Johnson
Fort Worth
Artesia
Porter
U.S. Military Academy
West Point
Eddy County
Loco Hills Grayburg Pool
Delhi Oil Corp
Ambassador Oil Corp
Newmont Oil Co
Cima Capitan
West
Texas
Big Horn
Lake Basin
Dakota
Resources Research
Oklahoma
Colorado
Nebraska
Wyoming
North
South Dakota
Resources Research Co
Wil Aunch
States Raise Allowables Oil Production Hike Seen
In Houston AP reports three states Texas Louisiana and New Mexico raise June oil allowables to lift output toward a record 9.56 million barrels daily May production sits around 9.45 million Texas set a June allowable of 4.23 million but actual flow may be about 3.26 million Louisiana increases to 2.706 million and New Mexico to 64 barrels daily. Gov Cargo’s New Mexico US Marshal nomination Doroteo Baca of Los Lunas approved by DOJ and sent to Senate to replace Emilio Naranjo.
MENTIONED IN THIS ARTICLE
Houston, Tex
Texas
Louisiana
New Mexico
Santa FE
David Cargo
Justice Department
Doroteo Baca of
Los Lunas
U.S
U. S S. Senate
Baca
Emilio Naranjo
John Burson Elevation at Security National Bank
James A. Clark announces John Burson elected assistant vice president at Security National Bank Roswell. He will oversee farm and livestock operations starting June 2. Burson born in Silverton Texas grew up on a ranch and is a West Texas State University agriculture and business graduate. He previously served as vice president of the Canadian Production Credit Association in Perryton Texas. He and his wife Sue and their two sons will relocate to Roswell this month.
MENTIONED IN THIS ARTICLE
James A. Clark
Security National Bank
John Burson
Burson
Silverton
Tex
West Texas State University
Canyon
Roswell
Canadian Production Credit Association
Perryton
John
Sue
Milner Promoted to Assistant Manager at Hutton Roswell Office
Wayne Milner of E F Hutton & Co Inc a NYSE member firm has been promoted to assistant manager of the Roswell office. Milner joined in 1959 as an account executive trainee and is a Carlsbad native with a economics degree from Texas A M. He serves as director of the Chaves County United Fund and president of Chaves County Young Republicans. He is married to Zoe Ann Allred and they reside at 903 Pearson Drive with two children.
MENTIONED IN THIS ARTICLE
Wayne Milner
E. F. Hutton & Co. Inc
New York Stock Exchange
Roswell
Milner
Carlsbad
Texas A & M
U.S. Army
Chaves County United Fund
Chaves
Real estate transactions rise to 32 million through April
The Roswell Board of Realtors reported total city real estate transactions through April reached 32 million dollars, a 500 thousand dollar increase from the prior year. April 1969 transactions totaled 626,623, down from 709,350 in April last year.
MENTIONED IN THIS ARTICLE
Roswell
Rise of Corporate Mergers Sparks Growing Scrutiny
AP reports rising merger activity with more than 4000 deals in 1968 and government actions. DOJ sues Northwest Industries to block a B F Goodrich takeover while Ling-Temco-Vought and ITT face similar challenges. A Johnson task force urged breaking up giants and tighter antitrust rules.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
Federal Trade Commission
House Antitrust Subcommittee
Johnson Administration
U.S
Chicago
Northwest Industries, Inc
B. F. Goodrich Co
Goodrich
Justice Department
James J. Ling
Ling-Temco-Vought
New York
McLaren
Ling
Government Action Shocks Businessmen Over Mergers
In New York AP reports Washington acts against conglomerates as Nixon appointees pressure antitrust norms. A Justice suit blocks Northwest Industries from buying B F Goodrich while Laird cancels an $875 million Lockheed helicopter contract. The move signals stricter enforcement and tighter contract adherence across major suppliers.
MENTIONED IN THIS ARTICLE
Nixon
Johnson
Army
Lockheed Aircraft Corp
Defense
Melvin R. Laird
Lockheed
America
IRS Survey to Check City Firms Filing Requirements
The IRS will survey many New Mexico business firms to ensure all required federal tax returns are filed. District Director William M. Coard said the survey, including Roswell, will last about three months and be done by revenue officers.
MENTIONED IN THIS ARTICLE
Albuquerque
New Mexico
Internal Revenue Service
William M. Coard
Roswell
Coard
IRS
Also Mentioned on This Page
New Exploration Company
Jim West
Record Area Editor Resources Research Co
United States
Canada
Property Research Corp. of
Los Angeles
Midcontinent Region
N. Main St
California
Justice
Atwood
Sales & Service Now
Admiral TV
GAC
GAC Finance Corporation
West Fourth Street
Hutton
Phil C. Neal
University of Chicago Law School
Missouri Beef Packers, Inc
Friona, Tex
Sary
Art Griego
Ramada Inn
Washington
Bob Wright
The
Advertising Council
National Safety Council
International Newspaper Advertising Executives
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