Petroleum Independent articles from May 1991

Petroleum Independent archives from May 1991

America needs a strong domestic oil industry. (Eugene Ames Jr.'s testimony before the House Republican Research Committee Energy Task Force) (transcript)
May 1, 1991... America Needs a Strong Domestic Oil Industry On May 28, Gene Ames Jr., president of Venus Oil Co., San Antonio, and chairman-elect of the Independent Petroleum Association of America, testified before the House Republican Research Committee...

A minimum oil price: ending investment fears.
May 1, 1991... A Minimum Oil Price: Several bills recently have been introduced in Congress proposing a variable oil import fee, with target price levels ranging from $16 per barrel to $25 per barrel. The Independent Petroleum Association of America...

IRS clarifies percentage depletion regs for property transfers. (United States. Internal Revenue Service; depletion allowances)
May 1, 1991... IRS Clarifies Percentage Depletion Regs for Property Transfers The Revenue Reconciliation Act of 1990 repealed the restrictions that barred the use of percentage depletion on proven properties subsequent to a transfer, effective for...

Independents unite on energy agenda. (Independent Petroleum Association of America)
May 1, 1991... Independents Unite on Energy Agenda Driving along the main streets of Abilene, Texas, on her way to make a speech as the new president of the Independent Petroleum Association of America, Denise Bode wondered why almost half of the store...

Ames is IPAA chairman-elect. (Eugene L. Ames Jr.; Inedependent Petroleum Association of America)
May 1, 1991... Ames is IPAA Chairman-Elect Eugene L. Ames Jr., president of Venus Oil Co., San Antonio, has been elected chairman-elect of the Independent Petroleum Association of America. He will. succeed C. Paul Hilliard, president of Badger Oil & Gas...

Natural gas committee. (Independent Petroleum Association of America's natural gas price policy)
May 1, 1991... Natural Gas Committee Natural gas is selling at six dollars per barrel equivalent at the wellhead, George Yates told more than 200 IPAA members at the Natural Gas Committee meeting on May 3. For a San Juan Basin producer - or a producer in...

The Wirth/Domeneci Amendment. (major energy bill in US Congress; excerpts from the speech of Senator Tim Wirth given at the 1991 Independent Petroleum Association of America San Diego meeting) (transcript)
May 1, 1991... The Wirth/Domenici Amendment Now, you all have watched politics for a long time, and politics are like anything else: timing is everything. If you don't take the opportunity when it comes along, use that opportunity when it's there, you are...

Supply & demand committee. (Independent Petroleum Association of America's forecast for U.S. energy consumption and production)
May 1, 1991... Supply & Demand Committee Although the U.S. economy currently is in a recession, real economic activity (as measured by inflation-adjusted GNP) is expected to decline only through the second quarter of 1991 - according to the IPAA Supply &...

IPAA committees see challenges. (Independent Petroleum Industry of America's forecasts for supply and demand of crude oil and natural gas)
May 1, 1991... IPAA Committees See Challenges The Supply & Demand Committee forecasts that U.S. real economic activity, as measured by inflation-adjusted Gross National Product (GNP), will increase by an average annual rate of 2.4 percent (plus or minus...

Rep. Sharp's pipeline safety bill. (Representative Philip R. Sharp, Chairman of the House Energy and Power Subcommittee)
May 1, 1991... Rep. Sharp's Pipeline Safety Bill On March 19, 1991, Rep. Phillip R. Sharp (D-Ind.), chairman of the House Energy and Power Subcommittee, introduced a bill that would amend the Natural Gas Pipeline Safety Act of 1968 and the Hazardous Liquid...

Power swivel. (National-Oilwell's power swivel/top head drilling system) (product announcement)
May 1, 1991... Power Swivel NATIONAL-OILWELL, Houston, has introduced an integrated power swivel/top head drilling system designed as a single, compact piece of equipment. The power swivel adapts to existing masts or derricks. It also provides drilling...

Gas flow computer. (Bristol Babcock Inc.'s gas flow computer) (product announcement)
May 1, 1991... Gas Flow Computer Bristol Babcock, Wayertown, Conn., has introduced a digital single run flow computer that provides the highest level of performance for gas measurement. The new AccuRate flow computer is designed to meet the industry's...

High-speed drill bit. (Hughes Tool Co.'s MAX line of motor accelerated rock bits) (product announcement)
May 1, 1991... High-Speed Drill Bit Hughes Tool Co., a division of Baker Hughes Inc., has developed a brochure describing the MAX line of motor accelerated rock bits. Combining a high-speed metal seal with a high-speed bearing, the MAX bit is designed to...

Rotary gas separator. (Centrilift Inc.'s rotary gas separator) (product announcement)
May 1, 1991... Rotary Gas Separator Centrilift, Claremore, Okla., has introduced a new line of rotary gas separators that improve the separation of free gas from the well fluid. According to the manufacturer, Centrilift's new rotary gas separators remove...

Low-cost pressure transmitter. (Schlumberger Industries Inc.'s 37 Series pressure transmitters) (product announcement)
May 1, 1991... Low-Cost Pressure Transmitter Statham Transducer Division of Schlumberger Industries, Oxnard, Calif., has released the 37 Series, low cost pressure transmitters for process control and industrial applications that are especially suited to...