Word: bbl
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...Sterling lifted martial law in four counties to allow the State Railroad Commission to apply a new proration order to an area that almost ruined mid-continent fields with low prices (TIME, Aug 31 et ante). Each East Texas well was allowed to run off not more than 225 bbl. per day.* The Commission's order was expected to cut in half the field's maximum "wild" production of 738,000 bbl. per day. Guardsmen stayed in East Texas to see that proration was obeyed...
...Field (Bbl...
After one week of martial law, Oklahoma production fell to 264,500 bbl. per day, after two weeks was estimated below 120,000 bbl., a drop of more than 300,000 bbl...
Only field affected by Governor Sterling's martial law was the East Texas pool where production before closing ran up to 738,050 bbl. or almost half of the entire Mid-Continent output. With this field pinched out temporarily and the Oklahoma shut-in, oilmen figured a reduction of 40% in the total domestic supply this week. Governor Sterling was expected to lift martial law after 30 days when the Texas Railroad Commission, under the new conservation law, would prorate Texas oil production at 880,000 bbl...
...swing in behind Oklahoma and Texas for better oil prices, Kansas, through its Public Service Commissioner, ordered producers to boost crude prices to 60? per bbl. or show cause why their wells should not be closed down...