Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-18
OIL. GURTAlLM|ENT
ISDECLARED VITAL
Industry Watches confer'
ence to BE Held at
Austin, Tex.
BY WILLIAM voIGT, yR.,
Associated Press stan writer.

TULSA. Okla, September 1s.--Two
factors stand out against the back
ground Of the war Of the oil forces, and
1t Is to them that the industry looks for
aid, in the opinion of Z. 3. ReeSer.
president Of the American Petroleum
Institute.
In Mr.. Reeser's opinion, by far the
most important, Is the conference to be
held Friday morning in Austin between
tee Of five appointed September IL ty
the oil States conferees In Oklahoma
City.
1T is on the attitude Of Texas toward
further curtailment Of production that
we base our greatest hope for bringing
some order to the oil Industry Mr.
Reeser said.
Statistical Bulletin.
He termed the Texas situation of far
greater significance TO oil men than fur
ther limitation Of imports, the second
factor on which the conYerees in the
Oklahoma capital pinned their belief
that q change for the better can be
brought about.
September statistical bulletin OF the
institute, which noted total daily ink
ports OF crude on and refined products
in July of this year were 226. 200 barrelS
as compared with $4,000 barrels cv6
the same period in 1880.
He said he believed the scheduls Of
production for the United States, az
recommended by the Oklahoma City
conference. would go far toward brii7g-
ing about further reduction IN stocks
conservation Of oil stocks still under
ground and stabilized prices.
In connection with the Oklahoma City
conference, Clarei B. MapeS, technolo@
gist for the Midcontinent OIL and Gas
Association, pointed out the proposed
production figure for Texas, COZ 600 bar
rels daily. is 1885 barrels daily less
than actual production through July Of
this year.
Even under the proration schedule
now operative under the new Texas
conservation law, production for the
week ending September IL. was about
979, 600 barrels daily for Texas, under
oil and gas journal estimates.
Prorated Flow Growing. J
Due to swift drilling operations III
East Texas. given great impetus by the
lifting Of the martial law shut-in. the
prorated flow from this area is growing
daily. It reached peak Tuesday cf
z25;343 barrels.
Mr.. Reeser Is member Of the COM
mittee appointed to confer with (snv.
EOSS B. Sterling OF Texas. Gov. Ster-
ling had an observer at the conferences,
but no one who could commit the State
TO definite course Of action.
The committee 70 which Mr.. Reesef
was assigned is expected TO lay before
Gov. Sterling and the Texas Railroad
Commission, the regulatory body, figures
showing that storage stocks at the be-
ginning Of this year totaled more than
5I2, $50, 900 barrels, or nearly Al 900 900
1928.
It is expected to point out that the
total production for the United States
under the proposed plan is 1881 ,OuO
barrels daily, or considerably under
daily consumption, and the resultant
Withdrawals from storage would reduce
the now immensely excessive stocks.
Mr.. Mapes finds there Is q paraIlelisrf1
OF thought Of the Oklahoma City con-
ferees and the Holmes Committee Of
the American Petroleum Institute in
1923, which decided correlation OF con-
servation and curtaiIment efforts on the
part Of all oil-producing areas vas de-
strable and necessary.
etrrr wxws-~ ..w~<S :. q 49, 49,