Towner Petroleum rises as a major independent oil firm
Lorain based Towner Petroleum, a two year old firm, gains prominence after a strategic swap with Getty Oil and rapid growth. The company drilled 588 wells in fiscal 1981, boosted reserves from 34.2 to 103.1 million dollars, and earned Business Week recognition. President Wendell Robinson touts plans to become a leading independent oil and gas company with acreage in Oklahoma and Arkansas.
MENTIONED IN THIS ARTICLE
Lorain-based
Towner Petroleum
Getty Oil
Towner
Beavercrest Drive
United States
Anadarko Basin
Oklahoma
Arkoma
Arkansas
Getty
Reserve Oil
Robinson
Robinson Seger Robinson
Virgin Territory
Towner Petroleum Seeks Growth With Smart Drilling Deals
Towner Petroleum, an independent oil firm, boosted revenue by 329 percent after partnering with Getty Oil and expanding through limited partnerships. Founded in Noble County in the 1970s, it now operates in Lorain, Houston, Oklahoma City, and Cambridge with 150 staff.
MENTIONED IN THIS ARTICLE
Smart Drilling
Getty Oil
Towner Petroleum
Lorain
Houston
Texas
Oklahoma City
Oklo
Cambridge
Ohio
Wellish
Robinson
Towner
Market gains ground on broadly higher trading
New York markets extended Thursday's rally as the Dow Jones Industrial Average rises 2.19 to 865.39 in early trading. Gainers edge losers 8-5 on the NYSE. unemployment hits 9.4 percent, a postwar high widely anticipated. Kmart leads active list at 19, with 151,800 shares traded.
MENTIONED IN THIS ARTICLE
New York
Reagan
Senate
Federal Reserve
Kmart
Kidron Livestock Consignments At Kidron Auction Summary
Markets show strength across cattle and dairy with beef cows strong at 45 to 46.25 and calves, especially Larkiste farm stock, lifting. Over 200 mature dairy cows listed, hay and straw volumes high with first-cut hay up to 245 and second-cut up to 202 per load. Prices span various categories including sows, sheep, goats, and service bulls with midrange yields noted.
MENTIONED IN THIS ARTICLE
Kidron
Timcay
Ackread
County grain prices from yesterdays market report
The report lists wheat at 3.1 dollars per bushel with 255 per bushel, corn and oats at 2.25 dollars per basket, and soybeans at 3.34 dollars. Prices reflect regional market values for staple crops observed by county traders.
Marathon Oil elects U.S. Steel leaders to its board
U S Steel officials on Marathon Oil board include David M. Roderick and W. Bruce Thomas, elected Thursday to replace Robert C. Wingerter. Libbey Owens Ford chair retires after eight years on the board, while Haley of Chase Manhattan Bank serves a seven year term.
MENTIONED IN THIS ARTICLE
U.S. Steel Corp
Marathon Oil Co
Whaly Ciied Suboyidiary
David M. Roderick
W. Bruce. Thomas
Robert C
Wingerter
Libbey- Owens-Ford Co
Haley
Chase Manhattan Bank
Retail sales in April worst of year
April retail sales showed the worst gain of the year amid a hostile economy and unseasonal blizzards that crushed Easter shopping. Major chains reported weak first quarter prospects with many predicting a slow recovery into fall and 1983.
MENTIONED IN THIS ARTICLE
New York
Stuart Robbins
Paine Webber
Mitchell Hutchins
Robbins
Nordson plans caulking robot for industrial use
Nordson Corp in Amherst plans production and marketing of an industrial robot that can apply hot melt adhesives sealants and caulking materials. The firm already makes a coating robot for automotive and appliance industries and has reorganized its admin structure to broaden the product line under Donald Dobbins. Evans Kostas becomes vice president of technology in charge of the robotics division.
MENTIONED IN THIS ARTICLE
Nordson Corp
Nordson
North Ridgeville
Donald’. Dobbins
Dobbins
Evans Kostas
Grain price roundup shows mixed cash bids after market close
Farmers received varied bids from elevators across regions after hours. No 2 wheat quoted at 3.21, No 2 shelled corn 2.67, No 2 oats 2.20, No 1 soybeans 6. Central region notes No 2 wheat 3.31, No 2 shelled corn 2.67, No 2 oats unchanged, No 1 soybeans lower.
MENTIONED IN THIS ARTICLE
Rae
Northwest
Central Choi
Ohio egg prices inch up as retailers order larger cartons
Columbus AP reports eggs sold to retailers in major Ohio markets with cartons delivered. Prices range from 72 to 75 cents for various grades as buyers place steady orders. Livelihoods tied to poultry farms continue to influence regional supply and pricing dynamics.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Tage
Also Mentioned on This Page
Amy Richards
Business Week
President Wendell Robinson
Tennessee
Pennsylvania
Michigan
While Robinson
Wendell W. Robinson Towner
Peter Wellish
Independent Petroleum Association of America
Lerain
David 5. Towner
Noble County
U.S. Steel
Ogden Metals
Cleveland
Robinson Resources
Towner Petroleum Incorporated
Kidron Livestock
Ates
Brad
Pir
Ure Bale
Peon
Phila Elec
Gen Motors
Am Airlines
Goodrich
RCA
Armco
Reynolts Mr
HE Hersh
Rockwell
Beth Steel
Inco Ltd
Sears
Sth
Coca Cola Hut Kellogg
Crow Edison
Con Edison
Laken
MGM Gr
Mobil Brth
Cook United
US Steel
Curtiss Wr
Motorola
Dayton
Waser Union
Dupont
West Elec
Norik
Watvac
Eastman Kodak
Weyrhs
Eaton
Owens
Mutuals Amet-Wash
Mad Ae ‘Inves
Variety
Pets
Vanguard Ivestini Vanguard Weil
Marathon Board
Wingerter and
John C. Haley
Business News
Robert Dorfman
Lynch Display Corp
Baltimore
Mississippi River
Memphis
Tenn
Mike Fink
Mississippi
Dorfman
George Duvall
Tommy Windson
Sears, Roebuck & Co
U.S
No. 2 K-Mart
Opera
J.C. Penney
F.W. Woolworth
Federated Department Stores
Montgomery Ward
Walter Loeb
Morgan Stanley
Dayton-Hudson
May Department Stores
Carter Hawley Hale
Wal-Mart
Zayre Corp
Ohio Farm
Ohh
F.am
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