Stamford American and The Stamford Leader (Stamford, Tex.), Vol. 31, No. 32, Ed. 1 Thursday, October 14, 1954 Page: 15 of 16
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TEXAS 191 OIL PRODl C INC COUNTIES are shown in this map, prepared bv the
Tejias Mid-Continent Oil & Ca* Association. Three counties — Culberson. Oirkens and
bejfan producing for the first time in 1953. Texas has 37 counties which pro-
duce over 25,000 barrels of crude oil a day.
Gasoline Today in Terms of Average Earnings
Is Far Cheajwr Than It Was Ten Years Ago
Whal about the pri<e of gaso-
line'* If someone asked you.
would you say that it is relative-
ly high, relatively low. or just
about right? ►»(*. r
And how many gallons can you
buy today with an hour's pay
more or less than In former
years*
These are questions of import
Me" to every motorist for they
WiWt that most sensitive of ba-
rometers one's poeketbook
Consider. for instance, these
figures:
If yours is a typical family,
about two and a lull cents but
of every dollar you spend goes
for gasoline and oil. The average
r«ir consumes nearly two gallons
of gasoline a day. Out of our na
t tonal consumption of oil products
44 percent Is in the form of
motor fuel.
But a barometer «ven one's
poeketbook -Is not always easy
to read So choppy have been the
seas of Inflation, so complex the
other economic weather, that feu
people are aware of a simple
fact:
Gasoline today, in terms of
the individual's average earn-
ings. is far cheaper than it was
10 years ago, or at the depths of
the Great Depression or at any
time during the prosperous Twen-i averaged
ties!
A backward glance over
last three decades shows how I In 1922. when there were only
gasoline has steadily improved its j small state taxes on gasoline, ar
position on the bargain counter. ’ hour's work would pay for l ft'
Here, for Instance, Is how muchga lions of gasoline, tax included
gasoline itax excluded) the aver-1 * federal tax went on for th
age hourly wage in all manufac- j brst time In 1932 < By 1952, a
turing would buv at 10 vear in- h"ur s work wouH buy 6 <T7 gr
tervals from 1922 to 1952: ,,,ns °* ,*xwl
In 1922 the average wage in! ;Tbe improvement rattk>, tax'
manufacturing was IS.7 cents an ®,K* a*|- ** ***** *>et*or than thre
hour, enough to buy 1 96 gallons' ° on<>
of regular gasoline.
By 1912 wages had dropped
to 44.G tents, but an hour's work
was How equivalent to 3.35 gal-!
Ions.
- In 194% a war year, wages i
stood at 953 cents. a>id with
this you could buy 5 9 gallons
In 1952 wages hit a now high
of $167 an hour. So did the
amount of gasoline an hour's
work would buy 8.27 gallons
An huor's work. In short, would
buy more than four times as
much gasoline (tax excluded) in.
1952 as it wuold in 1922 Last of avpr»*f hourly earnings
year the rajio was still About the '* h*‘
same the new gasoline prices
notwithstanding, since the aver-
age hourly earnings of $1 76 were
up by about the same percent as
the price of gasoline.
But what if..we include state
and federal taxes* That, of
course, is an important point for
in 1952 excise ta^es on gasoline
7.32 cents
These taxes, incidentally, ar
1 big monvy raisers In 1952. f<
example, gasoline and other mo*
i or vehicle taxes provided th
states with 285 percent of all
j their tax income. Some^of this |
: money helps pay (of public
j schools and other state serxVdrff
1 but in the mair gasoline taxes
; are earmarked for the building
and upkeep of roads They are the
“toll" you pay for the modern
) highways on which you drive.
Gasoline has not only become
progressively cheaper in term*
but
also been steadily im
proved in quality. The octane
rating of regular gasoline has
climbed from about 50 In the
mid Twenties to 78-plus at the
present time TVo gallons now
do the work that three used to
do.
This means that we can drive
faster heavier more powerful
a gallon -
• about 25 percent of the total price
the yuo paid.
Rotary Wildcat Staked
On Youngquist Place
•* ' ’ i \ • *;• 4' *
Location for a 3.500 foot rotary .and 275 pounds tubing pressure
wildcat was staked five miles Production is from 228 i*erfora
northeast of Avoes in Jones Coun j tj„ns at 6.042 80 feet in the Fllcn
*y | burger, treated with 500 gallons
11 is F Kirk Johnson. Fort j of acid. Total depth was 6.394
Worth. No. 1 Youngquist. feet in Cambrian Sand, plugged
Drillsite Is 1,654 feet from th.*
south and 330 feel from the west
lines of Section 189. BBIvatC Sur
vey.
Murphy Oil Co. of Oklahoma
Inc. is to drill No. 3 T B. liar
rell. Location is six miles south
west of Avoea in the Swans
Chappel i Hojie Lime) Field.
Having a proposed depth •
2..KI0 feet with rotary. No. 3 Har-
rell spots 1,320 feet from th.
north and 1.054 foot from tin*
east lines of Section 7, OAL Sur
vey.
Location for a Doty Field proj-
ect was staked 10 miles south-
east of Anson. It Is Onyx Oil
and Lester & Duffidd. Inc..
kll, of Abilene No 7 A I.
sherry
Ite lor No. 7 Lpraberry, slated
2.350 feet. Is 330 feet from
the south and east lines of Sec
tfrni 41. OAL Survey.
A wildcat was abandoned at
5,186 feet In granite two miles
east of Hawley. It was J. C.
J^pter. Jr., of Abilene No. 1-B
flP/lea. Subdivision 8. Roben
Smith Survey 192
Franklrk Field eight miles
south of Aspertncnt gain 'd a new
•tiler with f he completion of Texas
Pacific Coal & Oil Co. No. 3
1. S. McMIllln. Section IM. Block
U. TAP Survey.
The Stonewall County well had
a nine-hour potential of 118.68
barrel* of 10 gravity nil Flow 1
wnsTTironiMl an 61 ini h !
with packer set on the cubing
car and yet get as good mileage
r>s with the light, slower cars of
25 year* ago.
All in all. the true test of all
prices takes place in the market.
When we think a price is too
high, we don't buy or we buy as
little as passible When we think
the product is a bargain, we in-
crease our pun bases
The rapidly increasing use of
gasoline in revxmt years is the
best evidence that its price looks
attractive to American motorists,
J. F. WEST
BERNARD BUIE, JOHN DOBYNS
HOWARD PRICE
STANDARD OIL COMPANY_
WAYNE COOPER
_THE TEXAS CO. _
GEORGE ROLLINS
_GULF CONSIGNEE_
SWENSON LAND & CATTLE CO.
P. R. NICHOLSON
_PHILLIPS 66_
N. M. PHY
panhandle products
In the face of a near disastrous drouth during the past
three years in West Texas, more and more people have
come to realize what a large part the oil industry plays
in our daily economy.
It goes without saying that without the presence of oil
development in the Stamford and West Texas area, the
economy would have suffered to a large extent
So. hand in hand, our community and oil development
have progressed together.
We are proud indeed to have been a part of this develop-
ment and lending what little we could for the progress
of oil.
east
back to 6.214 feet
-Skclly Oil Co. No. 75 A. S.
Brinkley. Section 18, Block D
I .&TC Survey was completed |
even miles southeast of Aspcr I
:viont. It is in (he Flowers-Can
ion Sand Field.
The well during a nine-hour
potential gauged 184 92 barrel*
• : il l gravity oil, plu.Ttive per
vnt water Flow was through a
» inch choke with packer set rtn
he casing and 150 pounds tub
ng pressure from ill perfora
ions at 4.1S3 to 4.218 feet ( as
.ng Is *et at 4.284 feet Total
depth was 4,294 feet, plugged
hack'to 4,266 feet.
New project for that same
field and area Is Continental-Oil
1o. No. 1 A A. S. Brinkley. Hav
ng a proposed depth of 4,300
r*t with rotary, It spot* 467 feet
om the north and west lines of
c tlon 7, Arnold,* Bennett Sur
vey.
i ,'xux Pacific Coal A Oil Co.
No, 4-A J. M. Ghnlaon i* to be
.rdlwl five mile* northeast ol
Vapermont In the Hoyd Conglom
* ate Field. V
Drillsite I* 330 leet frpm the
ottih and 1,393 feet frftrti.* th** j
west lines of tlie north-half in 1
>rflon 64, Block D. ili’lC' Sur j
vey. Penult depth stalls for 6.200 |
feci with rotary
----...
Curtis Sloan of Dove Creek.i
Coin ts visiting his mother Mrs |
3. S and sister. Mrs Te-
... and Vm one of the ‘old hands!—
—Served the West Texas Oil Industry
from the Red River to the Rio Grande
for more than 30 years!”
-
Oil Progress Week
OCTO&ER 10-17 '
Reddy Kilowatt
An “old hand” in the oil fields, electric power is a real
working partner of the West Texas Oil Industry—an
industry which years ol drouth have spot lighted aa a
basic factor for West Texas’ continued prosperity.
As a working partner, we are building more and
more facilities to provide more and more dependable
electric power to serve West Texas and the Oil Industry.
West Texas Utilities
Compart?'’'’
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Craig, Roy M. Stamford American and The Stamford Leader (Stamford, Tex.), Vol. 31, No. 32, Ed. 1 Thursday, October 14, 1954, newspaper, October 14, 1954; Stamford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1035292/m1/15/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stamford Carnegie Library.