Word: bbl
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...petroleum geologists, concerned with the nation's future oil resources, West Edmond is a welcome find. Its proven reserves are now indicated at 117 million bbl. (20 million bbl. qualifies a field to be classed as major). And West Edmond is young, its capacity still not fully plumbed. Further development may raise its estimated potential. In 1943 only 212 million bbl. were added to the proven U.S. oil reserves through the discovery of new pools. West Edmond will probably give 1944 a better record. But geologists look back to 1937. That was the year the new oil-discovery graph...
...about 65,000,000 gallons of 100-octane during May, with even greater consumption due in months to come. But if refiners can produce even a little more than they are making now, PAW is confident that production will somehow exceed the 1944 estimates of 196,000,000 bbl. To help the boost, they will get 400,000 bbl. of butylenese, diverted this week by Rubber Director Col. Bradley Dewey from the rubber progrram to octane manufacture...
...Louisiana. He blandly ignored gloomy geologic reports. In many cases he bet on his hunches. He put down 13 wells before he even struck gas-and that in small quantities. On his 22nd well, in Cowley County, Kansas, he finally struck oil. But it was a piddling 25 bbl. a day. Hawley kept as closemouthed on the cost of these wells as he generally is on all his business. But oilmen guesstimate that with the wells costing from $30,000 to $125,000 apiece, he must have lost $1,000,000 or more...
...west side of the tract. Hawley and the Carter Co. promptly divided their holdings in the area, Carter taking the western half and selling the eastern half of the area to Hawley. Smartly he moved his rig to the eastern side. There he brought in a 5,000-bbl. well, setting the oil industry abuzz with hopes of a huge new pool...
...through its cow-dunged streets (one derrick is in the yard of its red-brick schoolhouse), and a tent town of oilmen and their families on its outskirts, Heidelberg is a major oil field-thanks to Gulf Refining's Lewis-Morrison No. 1. Lewis-Morrison produced 2,500 bbl. in a choked-down 24-hr, run last week, and the roughnecks around the derrick swore it would produce from 5,000 to 7,000 bbl. if it were opened up wide...