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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 25, 1930
Page
27
Fear dominates the United States with rapid selling of farm goods and unemployment worries. Letters criticize Washington tariffs and slow public works, urging bold leadership and urgent action to restore confidence and economic activity.
The index of crop movements dips below April 1929 and April 1928, despite low grain prices and abundant supplies especially wheat. Government sponsored crop stabilization purchases fail to lift monthly marketings above prior years, while price expectations suppress selling. Uncertainty about world crops and looming lower prices hinder business activity. Readings indicate persistent sluggish movements until new crops enter markets.
An OCR filled report covers wildcat wells in the Hale farm area with a four-barrel daily yield at Hale, and a Brio area well. It also notes a Friday meeting of Independent operators in San Angelo to discuss oil policy, pipeline impacts, and industry concerns with speakers including Tom Crichton and Claude Wild. It reports on pipeline developments, leases transfers, and exploration activity across Texas counties, including Webb, Duval, and Zapata, and outlines regulatory actions by railroad and oil authorities.
The Union Working Cummins No 11 Ray wild gasser in northern Bee County continues its rampage near Pettus. Drillers race to cap the blowout as the well feeds mud and debris hundreds of feet into the air. The flow is estimated at 80 000 cubic feet daily, threatening surrounding territory while crews battle to prevent a crater. The blowout began Monday near 3500 feet, with surface casing left at 308 feet. The test endangers workers with flying rocks and fire risk, but authorities expect the reservoir to remain open and avoid a crater. The well sits one mile south of Bayou Mission Drilling No 3, two miles east of Pettus, in Bee County near Goliad county line.
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