The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 5, Ed. 1 Thursday, October 13, 1955 Page: 2 of 6
This newspaper is part of the collection entitled: Texas Digital Newspaper Program and was provided to The Portal to Texas History by the Stonewall County Library.
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FORWARD IN SMTI OP COST
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11
3
•-.! *
l iutU-bUlion
in the GuM
that oil nan would
fit back to balance the
P^:'/ < . •'
money represents the in*
that oil men tram
i elsewhere have in
offchore areas, or "tlde-
*■* of Texas and Louisiana,
public schools are a
beneficiary of offshore
according to the
Mid-Continent Oil ft
sedation in an Oil Pro-
Week summary.
Permanent School
s received $97,076,790
in lease and
tor the
acres
General Land Of-
ihow. In July,
bid $8,437,462 for
leases on 149,760 acres
He beyond the 10 1-1-
rteht to
in ^Texas'
mile Texas boundary.
It has been estimated that oil
men have spent about $680 mil-
lion during the ,t||l 10 years in
the hunt for offchore oil fields
in the Texas-Louisiana ana.
The return to them has been
slightly more then $110. mil-
lion.
The cost of drilling an off-
shore well may run $1,000,000
or more, but operators con-
tinue their risky search in hope
of finding the big field to off-
set the expense of their fail-
ures. «««
There have been about 38
wells drilled in the Texas Con-
tiental Shelf area. Nearly
half of them have been drilled
since 1M7.
Tfee first oil discovery off
Texas was made in 1M1 and
has since been abandoned. All
drilling activity ceased during
the litigation over ownership
wr ee we eoumn iw,
1 jiStf asnmct aw I
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it these
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YKSTBIDAY AND TODAY
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1955
•// 0/',
2 6AUONS OF GASOLINE HOW DO THB
WORK 3 6AILONS DID IN 1925
-xfe
ic rood leit* prove that
m of the high quality
i you buy today do the
[alloiit did in 1925. Yet
gasoline coatu about
at gasoline did then
laaet are higher.
iw how your prog-
oil pr
in band. And to ii one reason
we're proud to be part of
the competitive industry that
bring* you this progresc. This
is your assurance that well
continue to be on the job for
yon —every day.
R.. H. HAHN
Gulf Oil Consignee
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.IA PiTnOUUM COMPANY
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2921 Aspermont
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F-If * THCMRT ACROSS THE AILE6HENII5
WAS LAID tN TMS Pfc'AP OF WINItH-
one of rut meat FEATS w mt
ttarofirofOM..'
^ M OOCl MIIE5 OF PIPE LIKE MM TME WATIOHWllPIKft TO t>RIN& ™,r,r
COMFORTS AND CONVENIENCES OF PETROICUM PPCD6C* TO-TME AMf WC.AM M1WIE
of the tidelands but picked up
after the bill, recognizing state
ownership, was signed by the
President in 1983.
Since resuming Shelf drill-
ing off Texas, operators have
completed three successful
wells. The first discovery was
made in July, 1984, off Padre
Island by the Standard Oil
Company of Texas.
In February of this year.
Gulf Oil Corporation brought
in an oil well off Corpus Chris-
ti, and in April the Pure Oil
Company completed a producer
12 miles southeast of Galveston.
Louisiana drilling has been
highly successful, resulting in
about 50 oil and gas discover-
ies.
Exploration—such as seismo-
graphing—in the Continental
Shelf of Texas and Louisiana
has been costly to the opera-
tors. An estimated $100,000,000
has been spent in locating ap-
proximately 250 structural for-
mations*
been in
wt* re a drill H would have to
travel 180 feet Br mere before
touching the ocean floor.
It costs as much as $100,000 a
.month to keep a seismic crew
working in the Oulf, or about
four times as much as shore
operations.
The big Investment in off*
shore drilling is in the rigSi
either drilling platforms or mo-
bile drilling units. Uy Septem-
ber 1 there were about 80 rigs
drilling offshore from Texas and
Louisiana, each representing a
$1.8 to $3 million outlay.
Drilling platforms often are
left at the site of a successful
well after the rig .mechanisms
have been removed so that
gathering tanks may be built
The giant drilling barges, or
mobile unit*, which may be
floated between locations, cost
from $2 million to $8 million
each. Thfere * itke about' 10 of
these in the Gulf at present and
others are being constructed,
some of which will be capable
of drilling in 1Q0 feet of water.
Costs of offshore auxiliary
equipment includes such items
as helicopters, which are need-
ed to speed personnel back and
forth from shore and in emer-
gency work. Helicopters cost
about $35,000 or more.
Personnel boats are in the
$80,000 bucket and are always
available t o speed workers
away from the rig in case of
storm or rig fires. Offshore
tender vessels, which are float-
ing storehouses, may cost $1.5
million.
In addition, operators must
fight corrosion. Rigs lire under
constant attack by salt water
and "underwater pipo lines must
be specially treated. Costs of
.producing and transporting off-
shore oil can cost over $1 a
barrel.
The offshore areas of Texas
have i called the stnte's 'greatest
reserve potential. The Gulfs
L«—tooww At
area off Texas, has bean de-
clared the largest prospective
source of oil and gas reserves
within the United States.
About 88 per cent of
turn's natural gas is
in the five states
Louisiana, Oklahoma,
Mexico, and Tim6ii~
BUY- SELL - RENT with a CLASSIFIED
CrAv-OkS
LOW
DOWN PAYMINT
Balance e«Y Tww*
SUPREME
BRAND NEW 1956
FR
WW "A*
political to«
FULLY- AUTOMATIC WASHER
with Guide Lite control, Seven Rinses, 2-Level
water selector, Suds-Miser, 3-Temp water selec-
tion with fabric guide jind many other features.
COME IN FOR A DEMONSTRATION
TOM'S GAS & APPLIANCE
Phone 2661 Aspermont
evenson
phile not a full-tin
t, he is a "full-
. He sides tepp
from the audien
flands, issue on w
rs broke in 198
Stevenson war
Speaker of the 1
Raybura in an ov<
at U.S. Sen. Lyhdbi
son's farm. Plane si
lowed the three top-
cratic leaders very
to discuss their pai
ened prospects. T1
claimed any politi
canoe in the get-tog
Johnson and Rayb
change in Democrat
sional tactics is plan
suit of President !
heart attack. The>
Don't read this if you want to stay
in love wrtti the car you| now own
VWiVe heading your way with gasoline to power
ymar ear, fad oil for yam home and hundreds el ether ail
|: pre*scU that bring you better Bring.
America's highly competitive oil industry every all*
ial job. Some search far til, asase
ie it. But before tie predfarts of
comfort sad convenience, they
and when they are needed—in
That job is done by oil transport
p that our drivers and ear tracks will : W|
mm ■ r to 1" :
<• '*4
• - mUMO, DOZENS OS WW NMASI Everywhere you look, there's fabrics in rich nylons and vinyls! New bumper-grille! Sleek new low silhouettes in
y, fmsh beauty, new heft and brawn. Widest choice of colors! New a whole new fleet of hardtop*—now available in every series to fit any budget.
t
Even some cars only 6 months old seem out of date compared with
THE BIG M. How many of these features does your present car have?
st horsepower ever iwpaet. Child-guard locks for rear doors are MMMimoN tuaamtww. Think of hi Pnaa a
I only Mercury opihwl. button and ... you'n driving m fiMfy hbri-
do ami mri You save servioe time—prolong
and.aafaty- your car's life. (Optional.)
ItrnY KWIB <Wm
111 back adjustata||1
m besPfor^biver
eve mammm ^^sna a w
■■tim
> an uedhoHn V«6 history!
' impactabaacbiog to ; |
Hub is deeply ««esaial.Ct a
MM knife thn
ie less da(i#i,^ „
ate up to 80 feet awm of the wharf
I... see it better. , fW* mwaw saves you up to 80% of the ' Iftrtary's fiaM. MaU
■eon give added pnMlae work of steering... yet gives you full "road trol surer, cornering traek-level and
opening—even on moderate feeL" (Optional.) new ride velvet^mooth.
VISIT OUX StfOWBOOM. SBE HOW MUCH MOtt CAR
For 1956-the bia mova le to THE BIQ jfilSRCU
rar"
■!
TKLKVI8ION HIT. KD SULLIVAN'S "TOAST OF TBI TOWN," SUNDAY BVENINO, tM TO MtM, STATION KBBC-TV, CHAN, • f g
"~~" MOTOR
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E 2701
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Welch, Lowell C. The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 5, Ed. 1 Thursday, October 13, 1955, newspaper, October 13, 1955; Aspermont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth136209/m1/2/?q=%22Places+-+United+States+-+Texas+-+Stonewall+County%22: accessed June 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stonewall County Library.