Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Friday, February 27, 1981

You are currently viewing page 13 of: European Stars and Stripes Friday, February 27, 1981

   European Stars And Stripes (Newspaper) - February 27, 1981, Darmstadt, Hesse                                Doily Mon Zine by Douglas Martin new York times some three decades the parched red Earth around covered the most magnificent oilfield in the fueling the nations postwar economic Joyride and virtually dwarfing the nascent gushers of saudi but even against an endless disturbed Only by jackrabbits and monotonously pumping Oil King Oil is output in the abundant permian Basin is relent Lessly Down nearly 30 percent in the last five years with even More precipitous declines a seeming the areas Petroleum has become something to nurse As jealously As a Glass of iced Tea in a Prairie dust were a Little like the Farmer and the drawls Claud an oilfield Roughneck in these parts for More than 30 we try not to waste a squeal this attitude toward Oil is reflected in such developments As storage techniques that bar even slight Vapours from escaping into the and advanced computers that regulate pumping so nothing is but conservation does not solve a far Hornier dilemma removing the great bulk of Oil that stubbornly remains in the ground after a Well has stopped flowing on its that problem is now being addressed at Levelland by some striking new techniques called or in methods that Oil experts reckon May coax some 13 billion additional barrels from sputtering West Texas such an amount is equal to nearly half the nations proved but it May be Only the by intensively applying similar techniques the scientists Institute for Public a nonprofit estimates that 75 billion to 80 billion barrels could be added to these methods essentially involve the injection of chemicals and gases into the ground to Wash More Oil from the they Are techniques that until recently have been prohibitively with full decontrol of All crude Oil proclaimed by the Reagan tertiary methods received a new shot in the because it immediately makes More Money available to invest in these meth prices for Oil produced at Levelland Are expected to go to or a from about although the Windfall profits tax will limit producers returns to around tertiary methods costing about or More a barrel begin to look profitable As longer term investments when other generous which will not be available until the projects go on Stream in about three Are and encouragement of High priced recovery methods such As which had already benefited from a Hodgepodge of smaller was an explicit consideration of president Reagan and his aides in their Deci Sion to deregulate crude weve just got to go after tertiary says Michel a wealthy Houston oilman who headed reagans Energy task Force during the Campaign and continues to act As an unofficial its a some Energy analysts classify tertiary recovery As the Best bet of a variety of High priced methods of extracting Oil from previously inextricable circumstances including Oil tar Sands and the mining of Petro Fields like the which Dot the cheerless permian Basin like bits of strewn Are symbolic of two their declining output testifies to the evanescent Quality of an Energy source dependent for its formation on plants and animals that lived millions of years the newly developed techniques Promise hundreds of millions of More barrels of of from the helping to buy a bit of Tine for a Petrole a addicted you could Call this americas big new observes Earl division production manager of the Amoco production a subsidiary of the Standard Oil from sputtering Fields in primary Wells above need Little help to bring up the crude it rises by natural traditional pumps injection Well left is drilled and water pumped Down to Force up More Oil after natural forces even this process has limits with tertiary recovery Carbon dioxide is pumped from tanks Down the injection followed by More making possible recovery of More than half the Oil remaining in 1 it is an extremely important aspect of this country Effort to reduce dependence on foreign Amoco has emerged As a Leader in the new partly out of the company has vast holdings in Fields that will become unproductive much faster without but the Prospect of spending billions for careful Hus Bandry of depleting resources represents a Sharp new thrust for a company better known for bold Wildcat Ting in the Rocky Amoco is far from Amerada Atlantic Houston natural and a flock of other major and Independent companies Are returning to old Oil patches with new technologies calculated to recover some of the 68 percent of the nations some 300 billion that cannot be captured by traditional indicative of the flurry of a Eab moved recovery has appeared in Wash entirely devoted to tertiary techniques Sala Ries of experts have More than doubled in less than 10 and Oil companies anxiously vie to buy properties that once would have been dismissed As worn we know where the resources and we either or see ways to the required technologies to develop observes John president of the Shell Oil who calculates that tertiary methods by 1990 could add barrels of Oil a Day to an estimated production of million to million barrels a the stars and stripes Page 13  
Browse Articles by Decade:
  • Decade