Proration in Texas in 1931

- 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:
(1932) Proration in Texas in 1931MLA: Proration in Texas in 1931. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1932.