Proration in Texas in 1931

The American Institute of Mining, Metallurgical, and Petroleum Engineers
David Donoghue
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
3
File Size:
120 KB
Publication Date:
Jan 1, 1932

Abstract

EFFORTS made in the year 1930 and in previous years restricted pro-duction in most of the fields of Texas to a point that was satisfactory, at the beginning of 1931, to the majority of producers and buyers. In the Panhandle, North Texas and West Central Texas districts, a few operators with refinery affiliations or contracts either ignored, or by virtue of injunction suits, did not comply with the Railroad Commission's orders, and there was some oil sold at less than posted prices, which, with the Oklahoma City difficulties, caused the first general price reduction. More could have been done perhaps to help the situation on the Gulf Coast and in the Laredo district, but natural advantages are not readily surrendered.
Citation

APA: David Donoghue  (1932)  Proration in Texas in 1931

MLA: David Donoghue Proration in Texas in 1931. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1932.

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