The Giddings Times & News (Giddings, Tex.), Vol. 98, No. 25, Ed. 1 Thursday, December 17, 1987 Page: 3 of 23
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Giddings, Texas, Times & News-Thursday, December 17, 1987-Page
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12
Step In lit the Past
1932
RRC’s Sharp to propose rule change
to encourage natural gas exploration
TOP PRICES PAID FOR PRIME FUR
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OPEN
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DECEMBER 20TH
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Mrs Johanna Bartels of Giddings
is giving a year s subscription of the
Giddings Times & Sews to Mr and
Mrs Clinton Mayer of Ledbetter
It is a Christmas gift
< hristmas tree and other Christmas
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SPORTSWEAR. DRESSES
ALL WEATHER COATS AND JACKETS
Buyer will be in Giddings at Lindner’s Feed Store from
9:15 to 9:45 a.m.; and in Old Dime Box at the Gulf
Station from 10:00 to 10:30 a.m.con Sundays,
beginning Dec. 13th.
Larry Dunn,
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OPEN MONDAY-FRIDAY
10:00-5:00 RDAY 10:00-3:00
year
$17 25
$17 75
M H APTIST
OF P MIGE
• O Ervin
hool, JU a m .
vices, it a m
vice, 5pm
night service
* I
s, III
tor
d that
und on
owed 1
County
the rear
I
I
FAMILY FASHION CENTER
1113 E. Austin
OPEN 9-6 MON. -SAT.
$
/
/
$
1
2
?
NEc,g
,"63
/
<
7
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1
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10%
ON ALL
PURCHASES
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Pastor
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$
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bumped Don Gilliland who has
moved his family to Austin He is a
brakeman on the day passenger run
through Giddings Austin Houston
line
GIVES M BM RIPTION TO
MH AND MRS. CLINTON MAYER
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has Pastor
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complaining about the shortages like
we've been doing for 10 years and
start solving the problem
Sharp said he has circulated
copies of the proposed rule change to
various groups and associations and
hopes to hear their opinions as soon
as possible
4
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02 is
03 IS
BAPTIST
F DRHTTER |
Her Jr pastor I
a m Sunday
i a m Prayer ■
dnesday 6 o l
4th Sunday I I
CHRISTM AS CON F HT Ies
ington hand director Aaron lewis
conducts the I esington Middle
Giddings Rainfall
Rainfall as recorded at the
Herbert K whier ranch located 1
mile southeast of Giddings
t.retrhen'* u ill be cltmine the 'loon
at the end of December. Don't mi**
theae mi tin un in time for ( hrutmaa.
•Al1 Cards 3 for $ 1. 00
•All Books Reduced 35 -65
•All Merchandise in Store Reduced
35 , -65%
The Bluebonnets are scare this
year due to the drought of last year
and the cold weather They are
missed as the profusion of these
flowers the past several years have
been most glorious The Bluebonnet
thrives when the nights are warm,
and the nights have been cold so
much this winter
Mr A J Stenzel is the new
yardmaster in Giddings. having
B APTIST
DBF I I I K
ones Pastor
ol I" a m
yer meeting I
arsa I
mm
DEC 14
Gretchen ‘s
Members of the audience are
pictured here in the cafetorium
which was decorated with a huge
With the repeal of those had laws
our chief task now with 150 years of
gas reserves is to regain markets
for Texas gas Those markets both
in state and out-of state are being
told by some that natural gas now
in surplus will soon become short in
supply This rule change will help
Texas prove that we've got the new
natural gas reserves to provide all
they need Sharp said it should
help set aside their fears of
shortages in the years to come
Natural gas is truly the fuel of the
future in this country Sharp
concluded We‘d better stop
PF 1
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Ports
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it service. E
Wed Bible
Railroad Commissioner John
Sharp said today he will soon
propose a change to Commission
rules designed to encourage explora
Hon for new gas supplies in Texas
! Inder the rule change Sharp said
gas wells in new fields would be
allowed to produce at maximum
deliverability for a period of two
years from the date the first gas
from the field is sold, or until the
sixth well is completed in the field
whichever comes first At that point,
the wells would come under the
Commission s normal gas proration
ing system
As an added incentive, the new gas
would be given a priority equivalent
to most casinghead gas from oil
wells making it equivalent to
priority three on the Commission s
six step gas priority scale Pipelines
would be required to take such new
gas supplies before gas from most
other gas wells could tie taken After
two years or completion of the sixth
well in the field, the wells would join
other gas wells under the regular
priority system
I ve been told by independent
producers that their bankers will not
approve loans for new discovery gas
wells because they fear they can t
sell it if they find it. Sharp said
This rule does away with that
argument by insuring this gas a
place in the market
"Unless we act soon to stem
falling gas production in Texas,
we re facing serious future prob
lems Sharp said 'Our studies
show we could have critical gas
supply problems as soon as two or
three years from now in fact, we
could have some spot deliverability
problems this winter if we get a cold
snap
Sharp said Texas drilling has
plunged in the wake of one of the
worst years in the history of the oil
and gas industry He said well
completions this eyar are off 32
percent from last year and that the
number of new holes drilled in the
state is down 38 percent compared to
1986
"It isn t that we don t have
plentiful gas reserves Sharp
continued "we just don t have
enough rigs running to tap the
supplies we will need This rule
change is designed to encourage
drilling that will bring that gas to
market ”
According to the commissioner
Commission statistics show that
maximum gas deliverability in the
state has dropped 13 percent in the
last three years down to 11 7 billion
cubic feet a day The average annual
production of each Texas gas well
has plunged from 400 000 Mcf
(thousand cubic feet to
100,000 Mcf over the last 40 years
a 75 percent drop Sharp said the
average Texas gas well produced
1,126 Mcf per day in 1970, but only 406
Mcf a day in 1986
“At the present rate. by the year
2000 nearly three fourths of all gas
wells in the state will be stripper
wells producing 60 Mcf a day or
less Sharp said
We can help reverse this trend,
he said T believe this rule change
will be a step in that direction,
although increasing demand for gas
by obtaining new markets is the real
key
"However, ' Sharp added "it’s a
two edged sword if we don't
increase our reserves, new markets
will be skeptical about assurances
that future supplies are available
We have 100 to 150 years of gss
reserves in this state We need to
carry that message all across this
country and begin proving that the
shortages predicted by some will not
occur "
State and federal governments
made tremendous mistakes in the
1*70 i by prohibiting natural gas as a
fuel for power generation," Sharp
continues The decision was based
on the assumption that we were
running out of natural gas, and
that 's baloney
•eYercel.ox
A Fine Jewelry and Gift Store
154 w Austin Giddings 542 2903
School Band at the annual Lexington members of the booster club sold
Hand Boosters Dessert Christmas homemade desserts to the audience
concert Following the concert -Times & News Photo A PA4 KED CROWD enjoyed the
- - ---- - - — - - ( hristmas musical selections at the
Lexington Band < hristmas concert
Whe th 4" .<.<i net d uto
I if« Lsle or ( omrr • rt mI
insurance give me a ring
I ll be glad h» help
Ray Collins
Insurance Agency
497 West Ausm (Hwy 290
Post Othce Bot 247
Giddings Teias 78942
Bus <409, 542 0990
Res (409/ 542 0127
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Preuss, L. M., III & True, David G. The Giddings Times & News (Giddings, Tex.), Vol. 98, No. 25, Ed. 1 Thursday, December 17, 1987, newspaper, December 17, 1987; Giddings, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1598498/m1/3/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Giddings Public Library and Cultural Center.