The Odessa American from Odessa, Texas • 50

Permian Basin Ector County Florida Land Th latest report front Dakar. Hugh Tool Co. indkeatsa that 101 rtga ara working in trta arm Ian Basin, compared with an tha prior voak and 1M a yaar ago. Nationally, Bakar-HugHaa raporta OS rig. working.

pRQR LATEST WEEK REPORT Crane County Upton County hMrtxjrg Producing Co. ot Dallas atakad north slfitt to thoir moontly completed Victor Paak, (Devonian) fiold disco vary In Crano County. Sovon mltoa aoutli of Crana. 2 t' 11 CaliforniX f- Kansas Jj Vr Jm li 272 I Louisiana Florida Inlaro KVa'efS Florida OHstwe 2 Georgia Hawaii Idaho 2 Illinois 4 4 Indiana Iowa 0 0 Kansas 40 55 Kentucky 8 i N. Louisiana.

14 14 S. La. Inland, 18 35 S. Louisiana Land 34 39 S. Louisian.1 Offshore 93 87 Louisiana 'folal 159 175 Maryland 0 0 Michigan 10 18 Minnesota 0 0 Missouri 0 0 Mississippi 19 9 Montana 9 14 Nebraska 0 7 Nevada 3 3 New Jersey -Offshore 0 0 New Mexic 31 42 New York 1 2 North Carolina 0 0 North Dakota 7 20 Ohio 14 31 Oklahoma" 131 154 Oregon 1 1 Pennsylva ilia 30 22 Rhode Island Offshore 0 0 South Carolina 0 0 South Dakota 1 1 Tennessee 1 0 Texas-Offihore 29 21 Texas-Inland 0 2 Dist.

1 South Central Tx. 2 4 Dlst. 2 MicldleTx.Coast 14 14 Pitt. 3 Upper T. Coast 35 Dlst.

4-LowerTx. Coast 34 35 Dist. 5 Ncrtheast Tex. 9 13 Dist. a Pin NE Tx.

40 21 Dist. 7B-N. Central Tx. 12 14 Dist. 7C-vi.

Central Tx. 17 24 Dist. 8 Fti'r WestTx. 39 71 Dist 8A VestTx. 19 47 Dist.9-NrthTx.

16 8 Dist. 10-t'x. Panhandle 13 22 Texas-Total 272 338 Utah 6 14 Vermont 0 0 Virginia 2 2 Washington State 1 1 West Vir ginia 14 14 Wyomirvj 24 57 Total-United States 905 1152 Canada 129 198 Canada Offshore 2 3 Bailey 9 0 Borden 1 I Brawster 0 0 CnavevNM. 7 3 Cochran 1 I Coa 1 1 Concho 0 0 Coma 0 Crana 1 3 Crockett 1 1 rotor 0 0 Culbtrton 0 0 Curry 0 0 Davi 0 0 Oawion 1 1 DaBaca 0 0 Dickena 0 0 Dona Anna, N.M, 0 0 Ector 6 6 Eddy 6 7 Edwaraa 0 0 El Paw 0 0 Flifiar 0 0 Floyd 0 0 Garnet 4 5 Garia 1 1 Oiaatcock 3 Grant 0 0 Guadalupe 0 0 Hale 1 I Hidalgo 0 0 Hockley 2 2 Howard 3 4 Hudspeth 0 0 Irion I 1 Kent 0 0 Kimball 0 0 King 7 5 Lamb 0 0 LeeN.M. 13 18 Lincoln, N.M.

0 0 Loving 0 0 Lubbock 0 0 Luna. N.M. 0 0 Lynn 0 0 Martin 5 4 McCuliougn 0 0 Menard 0 0 Midland 5 7 Mitchell 3 1 Mora, N.M. 0 0 Motley 0 0 Patrol um Information North offset staked in Victor Peak field CRANE Nearburg Producing Co. of Dallas staked a north offset to their recently completed Victor Peak (Devonian) field discovery in District 8's Crane County, seven miles south of Crane.

New test is 2 Dawson "78pFJected to 5,800 feet and located 1,130 feet from the most northerly north line and 2,400 feet from the east line of section 78, block survey, A-400. The field discovery was 1 Dawson completed in November of this year flowing 195 barrels of 43-gravity oil and 243,000 cubic feet of natural gas per day from perforations at 5,456 feet to 5,540 feet. Re-entry scheduled SHEFFIELD Petra Oil Corp. of Houston intends to re-enter a former Devonian gas producer in Terrell County's Allison field, nine miles south of Sheffield, and clean out to old total depth of 10,050 feet for a recompletion attempt in an unidentified zone. The workover test is 1 W.K.

Allison, located 813 feet from the north line and 1,911 feet from the west line of section 4, block B2, CCSD RGNG survey. It was completed originally by Sioux Natural Gas in 1981 flowing 1.3 million cubic feet of gas per day from perforations at 9,365 feet to 9,613 feet. Location is IV miles southeast of Devonian gas production and 1 miles southeast of 9,394 feet Detrital (Pennsylvanian) gas production in the Allison field. Taylor tests planned MERKEL Victory Oil Gas of Dallas and Enrich Oil of Abilene have announced I Sctjt- Huflhei TotAAmencim PeffoWma hiUtnc Nolan 0 0 Terrell J. Otero, N.M.

0 0 Terry 1 ,2 Parmer 0 0 Tom Green 1 2 Pecos 0 0 Torrence, N.M. .0 0 Presidio 0 0 Upton 8 Quey, N.M. 0 0 Val Verde 0 0 Reagan 2 Ward 1 1 Reeves 2 0 Winkler 0 Roosevelt, N.M 0 0 Yoakum 1 Runnels I 0 San Miguel, N.M. 0 0 TOTAL 6 109 Schleicher 1 1 YEAR AGO Scurry 1 1 Sierra, N.M. 0 0 sterling 2 3 Rotary rig actually making hot In stonewall Unllad Statas as raportad by Bakar- Sutton Hughas Tool Co.

TW 06mt taas Oatn Siapaa LATEST YEAR REPORT AGO Alabama-Land 7 Alabama-Inland Waters 0 0 Alabama-Offshore 4 4 Alabama-Total 13 13 Alaska-Land 10 10 Alaska-Offshore 2 2 Alaska-Total 12 12 Ariiona 0 0 Arkansas 5 10 California-Land 42 54 California-Offshore 7 7 California-Total 49 63 Colorado 29 38 Icahn targets Texaco again Oiil Prices (prices per barrel). Fri. Thurs. plans for new exploratory tests in District 7B's Taylor County. Victory's 2-V King, projected to 6,200 feet, will be drilled five miles southwest of Merkel on a 560-acre lease.

Saudi Arabian Lii'ght 12.15 12.30 North Sea Brent 14.90 15.05 15.84 15.45 Intermediate Alaska N. siofiH 13.95 13.62 "The company's certainly more in play than it was before," said one attorney familiar with, Texaco. Rumors have been spreading all week that Icahn had lined up a partner and that the two were buying up Texaco stock to put themselves in a stronger position for a takeover. But as of Thursday, no one has been able to identify Icahn's accomplice. Nevertheless, Wilbur Ross, senior managing director of Rothschild Inc.

in New York, said he believes Icahn is getting ready to strike. Ross advised Texaco's shareholder committee during the company's Chapter 11 bankruptcy proceedings. "I think it would be a big mistake for people to assume that this is just some sort of elaborate bluff," Ross said. "That would be very out of character for him; he has just not been a bluffer." He added: "As we saw in the RJR (Nabisco Inc.) bidding, there seemed to be no end to people who have the extra $20 billion to $30 billion to toss around." Chicago Tribune Financier Carl C. Icahn may be about to make a second $60-a-share takeover bid for Texaco only this time analysts and investors believe he may have the financing to swing a leveraged buyout.

If Icahn succeeds in acquiring Texaco, the analysts and investors predict he would dismantle the nation's third-biggest energy company, a task made easier because Texaco is already conducting a semi-liquidation sale. Icahn could get help from other stockholders, too. Some of Texaco's biggest institutional investors are getting restless with management over what they contend is shareholders' limited role in financial matters. If the investors aren't placated, some analysts think Texaco will lose the support of big shareholders who were crucial in management's victory over Icahn in a proxy fight last June Moreover, one of Texaco's main takeover defenses, its "poison pill," was voted away by shareholders in June and will end next year, boosting the chances of a hostile bid's success. Permits Prices end week on strong trend NEW YORK (AP) Oil futures prices ended a volatile week on a strong note Friday.

"The market closed at one of its highest levels in a long said Richard Redoglia, a trader with Merrill jynch Energy Futures. On the New York Mercantile Exchange, the January contract for West Texas Intermediate, the benchmark grade of U.S. crude, settled 40 cents higher at $15.84 cents a barrel, after falling; 30 cents on Thursday during a technical The contract had been up and down throughout the week. Other contract months also gained ground Friday. Among refined petroleum products traded on the exchange, the January contract for wholesale home heBiting oil closed 1.42 cents higher at 49.50 cen'ts a gallon.

The contract had fallen 0.81 cent on Thursday. Traders said seasonal demand was responsible for the sharp price increase. January unleaded gasoline, which gained 0.17 cent in the previous session, settled at 44.46 cents a gallon, up 0.53 cent. No oil fee from Bush Knight-Ridder News Service OVERLAND PARK, Kan. President-elect Bush's nominee to head the Commerce Department said last week that oil states could forget any help from the new administration to establish an oil import fee.

Robert Mosbacher, a Houston oilman who is a longtime friend, and fund-raiser for Bush, said that while the next president supported the domestic petroleum industry, an import fee was a bad idea. "He has not betn and is not for an imDOrt The drill site is 2,597 feet from the south line, 467 feet from the east line of section 71, block 19, survey, A-895, and 1,500 feet northwest of 5,684 feet Caddo (Pennsylvanian) oil production in Chalky Mountain field. Enrich Oil will drill 1-A Griffin Estate as a 4,700 feet deeper pool test three miles east of Lawn and miles northwest of 3,937 feet Gray (Pennsylvanian) oil production in Robertson-Griffin field. Location is 2,220 feet from the north line and 2,460 feet from the west line of Hood CSL survey No. 94.

Amoco to drill wildcat WHTTEFACE Amoco Production has scheduled a 12,600 feet deeper pool wildcat in southeastern Cochran County 12 miles south of Whiteface. Situated on a 508-acre lease, the 1 Mallet Land Cattle Co. will spud 712 feet from the north line and 897 feet from the west line of labor 2, league 53, Oldham CSL survey in RRC District 8A. Location is one-quarter mile south and east of a 5,000 feet San Andres (Permian) production in Slaughter field and 2V4 miles southwest of the four-well Mallet (Fusselman) field, which produces from around 11,800 feet. Garza site completed POST' Campbell Oil Co.

of Denver extended the Tejas (Mississippian) field of Garza County, 1 miles to the southwest with recompletion of a workover well, 13 miles south of Post in RRC District 8A. The firm's 1 PLK section 42, block 2, survey, A-1034, pumped 75 barrels of 35.2-gravity oil, 25,000 cubic feet of natural gas and 63 barrels of water per day from perforations between 8,120 feet to 8,130 feet. Total depth is 8,328 feet, plugged back to 8,215 feet with 5-inch casing set at 8,307 feet. Campbell completed the well originally in 1986 as a Strawn (Pennslyvanian) producer in Happy Field, flowing 100 barrels of oil and 116,000 cubic feet of gas daily from perforations at 7,933 feet to 7,937 feet. Midland firm re-enters WINTERS Energy of Midland an-; nounced plans to re-enter a 4,500 feet wildcat failure in District 7C's Runnels County, seven miles west of Winters, and clean out to old total depth for a completion attempt in an unreported zone.

Re-entry is 1 W. L. Hord located 2,675 feet from the south line and 1,684 feet from the west line of Guion Gregg survey No. The wildcat," which was plugged abandoned in 1981 by E. B.

Fletcher, three-quarters mile northwest of a 4,392 feet Goen Reef (Pennsylvanian) oil production in Outlaws Field. Chaves County Lucky Lake Field McClellan Oil, Roswell, N.M., 3 Shell "15" Federal, sw nw Sec 15, T156, R29E; 1650 FNL, 660 FWL of Sec; 19 SEHagerman. Opr Elev 3896 GR; 1,900 feet RT(QUEN). Chaves County Pecos Slope Field Mc Kay Oil, Roswell, N.M., 1 Cottonwood Federal Com; nw ew Sec 34, T6S, R26E; 1780 FSL, 660 FWL of Sec; 18 WBoaz. Opr Elev 3698 GR; 4,500 feet RT.

Chaves County Foor Ranch Field Terra Resources, Midland, 1 Terra "35" State; se ne Sec 35, T9S, R26E, 1980 FNL, 660 FEL of Sec; 18 SWElkins. Opr Elev 3850 GR; 6,500 feet RT (PRPM). Chaves County Foor Ranch Field Elk Oil, Roswell, N.M., 4 WR State; se se Sec 24, T9S, R26E; 660 FSL, 990 FEL of Sec; 17 SWElkins. Opr Elev 3804 GR; 6,300 feet RT (PRPM). 7 NWHalfway.

Opr Elev 3592 GR. (AMEND FIELD: Formerly Lusk) 7,300 feet RT (DLWR). Cochran County Wildcat Amoco Houston, 1 Mallet Land Cattle Co 712 FNL, 897 FWL Lab 2,. Lge 53, Oldham CSL, A-63; Also Loc: Appro 5300 FNL, 3400 FWL of Lge. 12 SWhiteface on 508 ac lse.

Mi of 5000 feet (SADR) prod in Slaughter fid. 2V (FSLM) prod in Mallet 12,600 feet RT. Glasscock County Spraberry Trend Field Standard Oil Houston, WS-22 Davenport, R.S. 2745 FSL, 2315 FEL Sec 11, Blk 37, T5S, A-460; 22 SWGarden City on 640 ac lse. WATER SUPPLY WELL.

1,200 feet RT (CLFK). Loving County Crittendon Field Heritage Resources, Midland, 1 Little Raven; 1620 FNL, 1320 FWL Sec 3, Blk C-24, PSL, A-1402; 25 NEMentone on 640 ac lse. Opr Elev 2998 GR (Orig Gifford Mitchell et al Cmp 1-13-79 thru Prod Zone (ATOK L) 15263-15773, OTD 17452, PB 15952); 17,452 feetWO(STRN). Martin County Spraberry Trend Field Parker St Parsley Petroleum, Midland, 1 Mabee 1980 FSL, 660 FWL Sec 1, Blk 38, TIN, A-269; 15 SWLenorah on 80 ac lse. (AMEND FTG Formerly 1533 FSL) 9,750 feet RT.

Reagan County Big Lake Field Marathon Oil, Midland, 206 University; 1315 FSL, 1800 FEL Sec 25, Blk 9, Univ Lda; 1 NETexon on 2895 ac lse. Opr Elev 2687 3,200 feet RT. Reagan County Big Lake Field Morathnn nil Mirllnnd. 207 University: 1320 FSL, fee," Mosbacher told about 350 people attending a meeting of the Interstate Oil Compact Commission, which draws its membership Eddy County Millman West Field Morexco Artesia, 3 JMD State; nw se Sec 12, T19S, R27E; 1650 FSL, 2310 FEL of Sec; 17 SWLoco Hills. Opr Elev 3495 GR.

Formerly Aban Loc 10-18-88 as No.2 JMD State under API 30-015-25890 IC 30-015-70066-68; 2,500 feet RT (GRBG). Lea County Lusk West Field Phillips Petroleum, Odessa, 16 Lusk Deep Unit se sw Sec 20, T19S, R32E; 330 FSL, 2210 FWL of Sec; 7 NWHalfway. Opr Elev 3562 GR. (AMEND FIELD: Formerly Lusk); 7,300 feet RT (DLWR). Lea County Lusk West Field Phillips Petroleum, Odessa, 17 Lusk Deep Unit ne ne Sec 20, T19S, R32E; 330 FNL, 330 FEL of Sec; from the 29 oil- and gas-producing states.

"It is, after all, a tax and his position is just what he Says: 'No new Mnaharher said. Mosbacher said Bush did support tax incentives and credits to help the industry recover from the bleak tiimes brought on by nearly two vprs of deDresised oil orices. That position runs counter to what many oil state lawmakers have said is needed to help 1980 FEL Sec' 11, Blk 2, Univ Lds; NW Texon on 2895 ac lse: Opr Elev 2680 GR; 3,200 feet RT. the domestic industry..