Fort Worth Star-Telegram from Fort Worth, Texas • 200

IrVirt" 0110- V-114 lb 11 I 116 V--e 'V I I uti FORT WORTH STAR-TELEGRAM SUNDAY OCTOBER 26 MO Sunday business report Eastland County gets eight more wildcats ats 92 10 I kit ert --1 tir414 -1017! Your 4::611 riT 1 Il wester-Ain 1 c- WO ittrf Alif 1 A 1116 Channel 21 buys building in Arlington I Oak Communications of California which will begin operating Channel 21 IMA next month has bought a 33000- square-foot headquarters building on Randol Mill Road in Great Southwest Industrial District The public station will broadcast from 6 am to pm each day It will occupy about one-third of the building Tenants in the remainder will be the staff of ON-TV a subscription television company owned by a subsidiary company Oak Systems of Texas The property was purchased from BY Properties a partnership of Paul Yarbrough Jr and Leslie Binkley Negotiations were handled by Larry Rice and John Shelley of Henry Miller Co Channel 21 buys building in Arlington of Communications (It California which will oa OUTSTANDING RESTAURANT OPPORTUNITY For lease ultra modern fully equipped and furnished restaurant in major enclosed fashion mall in Fort Worth Texas Available for immediate occupancy 140 seats liquor license available COLDWELL BANKER COMMERCIAL REAL ESTATE SERVICES 3030 Stemmons Dallas Texas Call: Allen Brown (214) 6310570 Metro 263-1471 from east lines of section 35 OAL survey eight miles east of Anson and No 1 John ACantet330 feet from south and east lines of section 63 block 1 survey sts miles nortbsest of Anson CALLAH AN Deepest of three Callahan County wildcats is a 4510-foot operation Mr Jimmy's Enterprises Inc Co No IC IL Edwards 1100 feet north thence 201ifeet nut of southeast corner of secuon la University Land but in section 465 SP survey five miles southeast of Moran James Russell Petroleum Inc Abilene staked a 4100-foot Caliahan wildcat No1 James Jones467 feet from south and 1600 feet from east lines of Denton survey 383 A-153 WO milts sat of Oplin Contracted to the same depth is Adams Exploration Co Midland No 1 Meador 1670 feet from north and 1786 feet from west lines of Jesse Dyson survey 751 A-126 44 miles north of Cross Plains PALO PINTO Rile Oil Properties Inc Fort Worth will drill a 4600-foot Palo Pinto County wildcat No 1 Blackman Farm 1620 feet from north and 2780 feet from east lints of James Dimino' survey A-152 1 miles southeast of Mineral Wells and 1 miles north of the Bend conglomerate gas discovery of the South Mineral Wells multipay field Dallas Trust Co Fort Worth will clean out to 503 feet and test ass Wildcat No 1 Rogers Unit 1803 feet from north and 3500 feet from east lines of subdivision 8 Warren DC Hall survey A-218 two miles east of Santo and one mile east-northeast ot an Atoka conglomerate gas discovery HOOD Gas CoDallasNo I ETomlinson 5900 feet from northeast and 467 feet from southeast lines of John Schroeder survey A505 a 6000-foot Hood County wildcat 5 miles northeast of Thorp Spring NOLAN Oil Co staked a 7000foot wildcat in southwestern Nolan County as No 2 Jahew Jameson 467 feet from north and 2010 feet from east lines of section 223 block 1-A HRTC survey IS miles west of Blackwell and five-eighths of a mile southwest of the Canyon oil discovery of the JIM pool FISHER Childent Abilene No I-A Bill Joe Wilson 9070feet from north and 854 feet from east linesof Elijah Bell survey 328 is a 6200-foot Fisher County wildcat two miles east of Sylvester and one mile southeast of a Goen oil discovery COLEMAN Childers will clews out to 4800 feet and test as a Coleman County wildcat No 1 Richards 1960 feet from north and 2 036 feet from west lines of section 13 SP survey A4120 five miles southwest of Novice No previoin information on the project was available WEST TEXAS San Angelo District TOM GREEN General Americas Oil Co of Texas Dallas aceduled a 5100-foot Tom Green County wildcat No 1 Jameson660 feet from most northerly north lute and 1500feet from most westerly east hue of section 11C aurvey A-4899 eight miles southwest of San Angelo and I miles southeast of the depleted Rio Concho oil Pool- Chalmers Operating Co Inc Abilene will clean out to 4700 feet and test as a Tom Green wildcat Na 1 George Hrncir 660 feet from south and 250 feet from west lines of A Jett survey 75 a former fadure five miles 'southeast of San Angelo and 2 miles northeast of depleted Canyon oil production in the San Angelo held Tennessee Production Catnow Tenneco Oil Caloriginally theoperation to LOUD feet and abandoned it Oct- 1954 Engineering Co Gainesville recompleted ass Queen sand gas discovery No 1-25 Vaughn 660 feet from south and 1990 feet from east lines of section 25 block I University Land a former San Andres oil producer in the South Texon field of Reagan County15milessouthwestof Big Lake It flowed 30901Xlcubic feetof gas daily from the Queen teed at 3031 to 3042 feet on 516-incht choke Original completion by Vaughn Petroleum IneDallas as No 1-25 University on May 16 1966 was to pump 89 2 barrels of 376 gravity oil plus 194 barrels of water daily from 3260 to 3256 feet avoll ratio was too small to measure Midland District PECOS Sinclair Development Corp Midland staked a 2000- foot Pecos County wildcat No 1-1 University 467 feet from north and east linesof section 1 block 20 University Land six miles westof Bakersfield and four MHO southeast of the Girvintex middle Queen sand gas held NORTII TEXAS YOUNG Bullet Brining Co Graham No 1 Teague 467 feet from south and 1775 feet from west lines of section 2788 TEO survey A-2055 is a 5400-foot Young County wildcat 4vs miles northeastof Loving and 1 mileanorth of the West JermynCaddood pool NEW MEXICO DeBACA McClellan Oil Corp Roswell staked a 4800-foot DeBaca County wildcat No1 Raus 660 feet from south and east hnes of sectiou 36-3a-26e WEST TEXAS a Angelo District offal Amman Oil Co of Tens Dallas Green County wildest No I Jamesonlita north hoe and I 5Oli feet from most it survey A-4tVi eight miles southwest of Command-Mergner Energy Corp Fort Worth has scheduled eight Eastland County wildcats all of them being contracted to 4000 feet The operations are No1 Sam Jones467 feet from north and west lines of section 23 DSz DAL survey A72 five miles southwest of Gorman No1 Ray Shipp 467 feet from north and west lines of section 13 survey A-1429 three miles southwest of Gorman No 2-A Sam Jones 467 feet from north and east lines of northwest quarter of section 19 survey A1054 4V' miles southwest of Gorman No1 Michael Jones 467 feet from north and west lines of southwest quarter of section 19 survey four miles southwest of Gorman No 1 Garrett 467 feet from north and east lines of section 24 block 1 1181TC survey A-205 five miles east of Carbon No 1 Cecil Self 467 feet from south and west lines of section 18 block survey A-735112 miles east of Carbon No 1 Gilbert467 feet from south and west lines of Luke Bryan survey A-18 212 miles southeast of Carbon and No 1 Warford 1100 feet from south and 467 feet from east lines of Richardson survey A-414 two miles northwest of Desdemona WEST CENTRAL TEXAS TAYLOR Baron Co Weatherford will drill two 62001oot Taylor County wildcats four mike northeast of Inkum as No 1 Buffalo Gap 6533 feet from south and 1150 feet from west hoes of Guadalupe County School Land IX and No2 But falo Gap 5400 feet from south and 1650 feet from west hoes of same survey Elliott Oil Cco Abdene accounted for two Taylor wildcats The No 1 Mary floydi 34001oot operation is 2311 feet from south sad 2309 feet from west line- of section IV block 9 Se survey eight miles soutkwest of Merkel while the No 1 Warren Estate 2188 feet from north and 56iM feet from west lines of Grimes County School Land 148 is I 29g9foot wildcat two miles north of Merkel Elliott Oil Co also will drill two 2969-foot Jones County wildcats 'No 1 Sprayberry 330 feet from north and 2959 feet ertc3 COTARIE ACME RE At ESTATE SERVICES Small gain likely in energy use -e evle ott 4- stot 4 1 JOFC LEAVE TOP MATCHED WALNUT 43'1)(76" DIEc)EtS" "The Finest In Walnut Veneers" "The Rnest In Walnut Ilene rs Give your investments the attention they deserve with Value Line's comprehensive investment advisory service now available at a special introductory rate The Value Line Investment Survey brings you the research findings of 10 analysts statisticians and economists in full-page reports on each of more than 1700 stocks in 92 industries You'll receive more than 130 of these reports each week phis weekly ratings of all 1100 stocks and Value Line's Recommended Stock of the Week In addition you'll find analyses of the national economy and the stock market plus editorial features on selected topics of particular interest to investors -t- f--fote 43 litt2- A :4 4- 7 SPECIAL INTRODUCTORY OFFER 10 weeks of Value Line only $33 Electricity generated by nuclear power plants is forecast to increase 81 percent in 1981 following declines in the two previous years The projection for 1981 is still below the peak level reached in 1978 Annual energy consumption in the United States and the estimated changes follows: Trillion BTU's Percent Change 1979 1980 1981 1979-80 1980-81 Oils 37134 343E4 33840 -74 -16 Natural gas 20546 20600 20700 03 05 Coal 15136 15800 16300 44 32 Hydro 3252 3242 3300 -03 18 Nuclear 2748 2692 2910 -10 81 TOTAL 78816 76718 77050 -27 04 Percent changes in oil consumption on an annual BTU basis vary from a barrels daily basis because (1) 1980 is a leap year and (2) the BTU content varies among petroleum products The committee report noted the supply outlook is clouded by military activity in the Middle East Despite historically high inventory levels further escalation of the Middle East fighting with disruption of supply links "could change the picture radically" Currently lower product demands and ample crude oil availability have resulted in an adequate supply situation the committee said "Today's high surplus inventories especially of beating fuels should be sufficient for the winter season barring spread of the Iraq-Iran conflict" "Thus while inventories are historically high they stand as a buffer to possible future shortages arising from Mideast military action If there are no new disruptions supplies should be adequate through all of 1981" the report stated dependence on foreign oil will fall below 40 percent in 1980 and 1981 forthe first time since 1975 Domestic oil production for 1980 is expected to advance slightly over 1979 averaging 868 million barrels daily as Alaskan North Slope production increases more than offset declines in the lower 48 states Since North Slope production is not expected to increase next year total crude production will decline 100000 barrels daily to an average of 858 million daily Natural gas liquids production is expected to show an increase of approximately 10000 barrels in 1980 with a small reduction projected for 1981 By ROYCE 'YANCEY Star-Telegram Writer Energy consumption in the United States down 27 percent in 1980 is expected to show a small gain next year according to the Supply and Demand Committee of the Independent Petroleum Association of America The committee which made its report at the recent IPAA annual meeting in Dallas came to these other conclusions about the domestic economy and the petroleum industry in 1981: Economic activity will increase slightly next year after posting a small decline this year oil demand will decrease 200000 barrels daily to an average of 169 million barrels daily This follows a drop of 14 million barrels daily in 1980 Motor gasoline distillate and residual fuel oil consumption will continue to decline Oil imports will average 66 million barrels daily compared with 69 million daily in 1980 Crude runs to refineries will average 134 million barrels daily down about 200000 barrels from 1980 Natural gas consumption will increase for the fourth consecutive year The committee report noted that economic activity apparently resumed its upward growth trend during the third quarter But unlike previous recoveries the committee forecasts that "economic growth will be lethargic in 1981" The constant dollar Gross National Product is expected to grow by approximately 16 percent next year The anticipated improvement in the economy is expected to be a stimulus to energy requirements but most of the increase will be offset by the effects of continued conservation and assumed normal weather Energy consumption per unit of real GNP is expected to decline or the eighth consecutive year The downtrend in the energyGNP ratio indicates the following progress in energy conservation efforts in the United States: Energy Consumption Per Unit of GNP (1972 dollars) Thousand BTU's per dollar 1973 604 1978 559 1974 597 1979 551 1975 588 1980 540 1976 585 1981 534 1977 569 The committee predicted coal consumption up an estimated 44 percent in 1980 will increase only 32 percent next year UST PRICE IS G8076-66 I IT DDIrC IC rrSZA7A1A the Value Line Investment Sur vey now and youl receive the two-volume 2000 page Investors Reference Service containing Value Line's latest fullpage reports on IMO stocks at no extra cost this special otter is limited to new subscriptions and is available only once to any subscriber Send check or money order along with your name address and zip code together with this ad to: THE VALUE LINE INVESTMENT SURVEY Dept 84vF04 111 Third Ave New York NY 10017 Mrs subsctiption will not be assigned) (NI residents end salts tat) SALE PRICE $14! 1 FACE CASH AND CARRY OFFICE FURNITURE WAREHOUSE 2910 WHITE SETTLEMENT RD 3384212 LIMENE s' 4 Gas allocation form reinstated The field initially produced in the mid-1940s has a productive zone varying from 200 feet in thickness in northwestern Wise County to 1700 feet in southeastern Wise Approximately 25 percent of the gas 80 to 100 billion cubic feet would be lost if existing wells were required to be completed in single zones of porosity Steed said "Comingling results in greater deliverability of a well as opposed to a single zone completion" he added Field rules contained in the order allow: well locations 467 feet from property lines and 2000 feet from the nearest well 320-acre gas proration units plus 10 percent tolerance with the two fartherest points of any unit no more than 8000 feet from each other or optional 160-acre units whose maximum diagonal does not exceed 6000 feet The order also consolidates the Greenwood Atoka and Wise-Kent Bryan fields into the Boonsville gas field Two wells of Go Oil Corp Jacksboro were transferred to the field AUSTIN The Railroad Commission has reinstated an allocation formula in the expansive Boonsville Bend conglomerate gas field of North Texas in a move to insure operators can realize their fair share of allowed production Since a May 23 1979 order of the Texas Supreme Court struck down the commission's allocations orders for the field production from the gas province stretching through parts of Jack Wise and Parker Counties has been pegged to per-well rates The new order establishes 320-acre proration units and permits optional 160-acre units The amount of acreage within a proration unit is the sole basis of an allocation Senior Staff Engineer Willis Steed of the RRC's oil and Gas Division recommended reinstatement of an allocation formula He reported that comingling of production from the zones forming the geological conglomerate is necessary to prevent waste promote conservation and protect correlative rights More than 1000 of the field's wells have nibre than one zone of porosity "'Finding time to plan your family's future is difficult But once you do you'll be talking with a banker who has over 16 years experience in trust and estate planning We lalow the Texas tax laws and understand how they can affect your estate Ourjob is to preserve whatyou I "411k 304 4 Iek ritlitfinfinnTrrxr SEMINAR da ft 1 When you learn to work with an control the risk of trading Commodities the rewards can be great In vest a small amount of your lima to attend our workshop and hopefully you will walk away a better trader Al O'Neal Senior Vice President 601D cst AS OF OCT 24 1:30 PM Buy Sell Silver Oiro US 90 ($100 face value) $1294 $13311 Silva 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OR 'OC)Lter- 4W 1-4-- 4'1' al''' -(- Ii'i1 1 vt" 121 Texas Commerce Bank 7:30 pm October 14th Ramada Inn Fort Worthy Texas Reservations Required Call Davis filosmsyer Fort Worthy Texas Reservations Required Call Davis filosmsyst 4 1 0 0 0 0 5: COO-492-2892 i ContiCommodit Subsidloy al Coltimagal Grain 03111 Fort Worth i Member Iczastommerce Item-share" isx Member INC Tandy Center 336-9661 Tandy Center Manlier Icxastommerce lierwsharet bc Meinber IDiC rr w404AA I.