Ohio Oil Company Reports Strong 1950 Earnings
Ohio Oil Company announced in its 63rd annual report to stockholders that 1950 net income reached 37,349,903 dollars, 5.69 dollars per share, up 11 percent from 1949. Oil production rose to 30,242,497 barrels, with refineries processing 13,034,382 barrels. Capital spending totaled 31,181,000 dollars, including 18,077,000 for developing properties and pipelines.
MENTIONED IN THIS ARTICLE
Pipeline Department
Nebraska
Texas
Ohio Oil Company signals continued government controls and growth plans
Donnell tells stockholders controls on prices wages manpower and material use will continue indefinitely. He stresses petroleum as essential to security and economy and notes industry must expand capacity and cooperate with defense efforts. Ohio Oil reports expanded exploration in Sidney district and Julesburg Basin with new finds in West Sidney Dorman Merino McLernon Founds in Cheyenne County Neb and Lozan County Colo. End year operations reach 30 oil wells and 8 gas wells with over a million acres leased. A 12.5 million cubic feet daily gas processing plant was built in Huntsman field.
MENTIONED IN THIS ARTICLE
Donnell
Sidney
Ohio
Julesburg
Nebraska
Colorado
Gurley
McLernon
Dorman
Merino
Sunol
West Sidney
Huntsman
Lozan County
Colo
Cheyenne County
Nebr
Ohio Oil Company
Industry Must Hike Ability To Produce Donnell States
J C Donnell II told American Petroleum Institute members that US military needs require the petroleum industry to expand crude oil production capacity. He warned demands have risen sharply in recent years and that 5 to 6 billion barrels of new reserves are needed to offset current output and meet future, possible wartime needs. He called for rapid excess capacity and noted tax policy could constrain funds for exploration.
MENTIONED IN THIS ARTICLE
Beaumont
Texas
America
J. C. Donnell II
American Petroleum Institute Division
Donnell
Treasury Department
Congress
United States
Mr. Donnell
Nebraska oil and gas reserves hit new peak in 1950
Omaha reports that Nebraska showed record proved reserves of crude oil natural gas liquids and natural gas for 1950 based on a joint American Petroleum Institute and American Gas Association study. The year ended December 31 1950 with 9 935 000 barrels of liquid hydrocarbons in proved reserves an all time high.
MENTIONED IN THIS ARTICLE
Omaha
Nebraska
Morse C. Palmer
Oil Industry Information Committee
Palmer
American Petroleum Institute
American Gas Association
United States
Colorado Springs
Colorado
Nebraska Oil and Gas Reserves Decline Currency Data 1950
At year end 1949 Nebraska had proved crude oil and NGL reserves of 1 661 000 barrels and proved natural gas reserves of 44 106 million cu ft. Net gas reserve decline reported as 36 043 million cu ft by 1950 close.
MENTIONED IN THIS ARTICLE
Braska
Nebraska
Kinney Gets Permit For Hauling Water Kinney Gets Permit For Hauling Water Bureau
Sidney Kinney has permanent authority to haul water to oil drilling sites in Cheyenne County, after a temporary license. The Nebraska Railway Commission granted the decision March 7, increasing permanently authorized water haulers in the county oil fields to three. Earl E. Kenney of Chappell received temporary authority to transport water to Deuel County sites pending final commission determination.
Typing Paper and Typing Aids Advertised by The Telegraph
The Telegraph announces available typing paper mineographs and carbons for typing work. Includes mentions of paper stock and supplies for writers and clerks seeking reliable writing materials.
MENTIONED IN THIS ARTICLE
Telegraph
Ohio Seeks $15000 Bonus for First Gas Well Discovery
The Ohio Oil company applied to Governor Peterson for a $15000 bonus for discovering the first producing gas well in Cheyenne county. Peterson assigned Dr. G E Condra of the University of Nebraska to inspect the well and report capacity. Ohio plans to donate the funds to the Cheyenne County Memorial Hospital fund if voters approve building construction at a forthcoming special election.
MENTIONED IN THIS ARTICLE
Ohio Oil Company
Peterson
Cheyenne County
G. E. Condra
University of Nebraska
Ohio
Cheyenne County Memorial Hospital Fund
Fog and Cloud Definitions in Weather Terms
Fogs and clouds share tiny water droplets. A cloud forms high in the sky, while a fog is a mist that settles near or on the ground.
Also Mentioned on This Page
Ohio Oil Co
Cheyenne County Memorial Hospital
Permost
Board of County Commissioners
Kinney
Thompson
10Th Ave
Pama
Sidney Nursery
Jackson
Willes
Wolcott
Clara Lindsey Potter
Don Theis
Sidney Basement Court House
Roy Gish
THE
Cheyenne County Hospital Association
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