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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 12, 1950)
EIX MESFORD (OREGON) MAIL TRIBUNE Wednesday. April 12. ISSO Oil Resources of Gulf of Mexico Pay Handsomely New Orleans (U.R) The oil reserves under the Gulf of Mex ico, which 34 companies have spent $250 million to tap, show signs of paying back the invest mpnt with interest. Fortv-three oil wells and 19 eax nnd distillate wells, drilled through as much as 60 feet of water, are producing in the gulf between east Texas ana east ldu' isiana. Fifteen more wells are hetina HrillpH. A. J. Vitter, chief petroleum engineer of the California com pany, said the 43 producing wells have a total production of about 2,000,000 barrels a year. The 34 companies spend a total of about SOU million a year in uic un, Costs $30 a Barrel i Bunrv hnrrpl nf oil the com panies now get costs $30. Geolo cists estimate, however, that there are 5 billion to 10 billion barrels of oil under the gulf. To tal proved reserves in the whole country as or last uecemoer oi Muorn 28.378.501.000 barrels Within five years, Vitter ex- nMc i hn sulf area to be oroduc- ing more than 40 million barrels of oil a year. Then the $250 mil lion investment will pay off. The state of Louisiana also will prof it. It already has to the extent of S.14 million irom leases ana tavpc The 43 producing oil wells are In nine fields. The 19 gas and gas distillate wells are in 10 fields. Altogether ,the 34 com panies have 1,868,000 acres of under-gulf land leased. Th histnrv of eulf oil explora tion is less than 12 years old. In 1938. the old Creole iieia on me coast of Cameron Parish was dis covered. It was in shallow wa ter and less than a mile off the coast. War IntarruDtt The war interrupted oil opera tions in the gulf and it was not lint 1 Nov. 14, l47, inai xne k-nrr.Mr-r.pp oil industries discov ered another field, the Ship Shoal Block 32 field, off the center of the Louisiana coast line. Since then, the gulf oil indus try has boomed. Vitter said drillers work in water up to 60 feet deep and he believes eventu ally they will drop their drills through water 600 feet deep. Be yond 600 feet, the gulf abruptly drops off into the Atlantic depth and drilling wouia De imprnu- "As a general rule," Vitter said, "the current offshore op erations are about three times as expensive as similar operations inshore, in terms oi me more ex (pniv small rilatform and drill ing tender operations, the cost of a well is about one-third drilling and completion, one-tnira arm ing platform and one-third drill ing tender and marine transport ation. f?nta Different "In other words, in addition to the cost of drilling a well as n would be inshore, a similar cost for constructing a drilling plat form and another simitar cost for marina operations is re quired." One platform drillers use is t06 feet by 110 feet and contains all drilling and production equip ment needed, and housing and dining halls for crews. It costs $1,200,000. This rig can be used to drill teven wells. Another rig. the one most commonly used, is 72 by 24 feet and costs $400,000. It can be used to drill five wells, but also requires a tender. Hurricanes sweeping up the gulf in the early fall have forced oil operators to go part of the way into the weather forecasting business, so their boats and barges can be hurried into har bor before the wind and waves hit. The weather bureau helps, but some companies have their own meteorologists and radar sta tions to chart the progress of hurricanes and storms. Flying Saucer Report Opens Quiz by Army Monterey, Cal., Apr. 12 (UP.) An army Intelligence agent open ed an investigation today into re ports by sheriff's deputies and others that they saw a flying "saucer" near the army's huge Fort Ord. Deputies Ted Cross and Jim Malnoy, a former aerial gunner, were questioned for more than a half-hour by the agent regard ing the object they saw streak ing across the countryside near here Sunday. The agent told the deputies that all army intelligence opera tives had been ordered to carry cameras in their cars In an ef fort to photograph the elusive disks. But. the agent said, "If you had photographed it, wr would have confiscated your film Just like that." Rogue River Rogue River, Apr. 12 Mrs. C. A. Parr entered Community hospital at Medford Sunday for treatment of eye trouble. She ex pects to be in the hospital for a week or 10 days. Frank Dement arrived Easter Sunday to visit the Dement chil dren and other relatives in Rogue River. Mrs. Bcntley Shaw of the U Do It laundry who has been vis iting her sons and daughters at Van Nuys and Burbank, Cal., was expected home Monday. Rogue River Garden club will meet Wednesday, April 12, at the home of Margie Dunham on Sav age creek and final plans will be made for the flower show. Mem bers will bring a sack lunch and meet at Live Oak Grange hall in Rogue River at 12:30 p.m. Cof fee will be served by hostesses Margie Dunham and Dorothy Savage. Mr. and Mrs. V. P. Whitmore who recently purchased the Farmer house on Oak street, were visited, Friday by Mrs. Whitmore's mother, Mrs. H. A. Densmore of Gold Hill and two friends, Mrs. Letha Huffman and Mrs. Jackie Simmons of Riddle, Ore. Mr. and Mrs. Arthur Smith of Shasta City, Cal., motored to Rogue River, Friday to visit the H. J. Hopper family and to in spect their newly purchased store. The Smiths and Hoppers lived at Cottage Grove and the four were friends before their respective weddings. Citizens of Kogue River nave watched with interest while Paul Hughes and Harry Rose worked at the Triangle the past week. The two men, under the watchful eye of Mrs. Rose, spent many hours carefully fitting and lay ing the petrified wood, agates and other native stones which they used to build a simple but picturesque drinking fountain in the Triangle. It is a, memorial to pioneer citizen of strong rug ged character whose kindness and integrity has left its lasting mark on the memory and lives of all who knew Kim. The marble plaque on the fountain bears these words, Dedicated to Sam uel Mathis, 1846-1941." Plans for dedication of the memorial will be announced later. Easter sunrise services were held in Fellowship hall of Hope Presbyterian church with at tendance of over 200 persons, most of whom remained to en- Joy a sumptuous breakfast cooked by the men and women of the church and served by the young people of the Fellowship group. Special music was fur nished by the adult choir, the unior choir and 30 members of the high school chorus under di rection of Virginia Wcstcrfield. Hall and stage were beautiful ly decorated with Easter lilies and jonquils under supervision of Mrs. Carl Christcnson and the stage background, a magnificent pictorial scene furnished the text of the Easter sermon by the Rev. Everett Bowers. Group singing led by the junior choir was fol lowed by benediction by the Rev. D. F. Bamctt. Henry Kaiser Buys Utah Fuel Company New York, Apr. 12 (U.R) rienry j. Kaiser Dougnt me Utah Fuel company for $6,700,- uuu at a court-ordcrea auction here today. His bid for the entire 100,000 outstanding shares of capital stock of that company was ac cepted subject to confirmation by the New York supreme court when Bernard Hershkopl, a special master appointed by the court, refused the request of a rival bidder for a week's ad journment. Jakarta, Indonesia, Apr. 12 (U.R) Rebel Leader Capt. Abdul Azis, who seized the city of Macassar in a lightning coup six days ago, surrendered today in the face of an Indonesian govern ment ultimatum. An rvenr iou W0N1 WANT TO mss! 0"- I'M at our store: TONIGHT AT 7:30 P.M. THURSDAY AT 10 A.M. and 2 P.M. See and hear factory trained experts demonstrate how the newest home laundry equip-' ment saves work, time, clothes, soap and water. News of 4-H m r rnn Upper Apolecate 4-H Scwine club met at the home of Mrs. Fred West April 8. We worked on our oroiects. then had a short business meet- ng. We elected as vice-president, 5nnja Smith, and as secretary. Christina Beard. Refreshments were served by Diana Skidmore. Sonja Smith, Reporter. I am ' THREE BIG SHOPPING DAYS .... THRIFTY THURSDAY and RED TAG DAYS FRIDAY and SATURDAY. REMEMBER SMART SHOPPERS SHOP LEONS ALWAYS .O mm, i Vv. Ova' ' 4 5 Dead Una Sundav Noon Saturday!. Clan if led la al PLAN TO ATTEND BRING A FRIEND Osaful GHts to Ivery Guest Plus Door Prizes Prosented by your BENWX automatic WASHER DEALER . 10 DAY FREE TRIAL LARSON-MAY CO. Buy Where You Get- Service 406 E. Main Phone 2-5302 Zl GENUINE YOUNGSTOWN Clitchonaidcr 42" CABINET SINK San Francisco. Apr. 12 tU.Ri A projected strike by the AFL Masters, Mates and Pilots union should have no effect on west coast Inter-coastal service, the Pacific Maritime association said today. Dend Hn. on Cl.itlflM Aril: 6-30 Din tor follnwm dav-. 10 am Monday tor Monday: noon Saturday I for bunday a nv Announcing - New Location Earl B. Bigalow Public Accountant 206 Masonic Temple Bldg. Same Phone 2-6877 ! KM mm u Complete with Fittings Check tlit work-saving features 0-ft(t,KWrtittiar-tWt-MfMl Hp.,. f H tm, altawa H owm. Spatlavi, at-ialattt kwL Hoadf, (MrtititatJ tvfUnr rfrtwtr. N bmdiaft . man! im attd inm ipwt Mttt tlikl at Hm italu tint mi atbtr titllit ft tarts. COMi IN TODAY. . ; Sff fOM YOURSELF! & BT MU 14.1 MS NO DOWN PAYMENT UP TO 3 YEARS TO PAY Smith-Dynge Lumber Co. Eighth and Fir, Medford Phone 2-7166 aV kw e 7 BRIEFS Hollywood Briefs . , . Two Bar Tricot . . elastic waist band, fitted leg , . 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