Mr. Ion foresees a virtual doubling of free world demand in 1965 at 26 million barrels per day (11,400,000 barrels per day in the United States alone)— outstripping last year's optimistic forecast of Chase Manhattan Bank by 1,200,000 barrels per day. He sees demand climbing to 40,700,000 barrels per day (15 million barrels per day in the United States) by 1975. Assuming political conditions are no less stable in the future than they have been in recent years, his forecast as to the geographical pattern that production growth is likely to follow in coming decades conforms to the general concensus of industry economists. Mr. Ion anticipates that by 1975 Middle Eastern output will reach almost 3 times the present United States rate of production, compared currently with little more than half the American level. This would require the drilling of 3,200 to 7,000 additional wells in that area during the next 20 years, at the rate of perhaps about 2 million feet of hole yearly. Second most-important area for expansion would be the Caribbean region of South America, while Canada would continue to play a part of growing significance. He anticipated United States output would level off in 1965 at a plateau of 9 million barrels per day, less than 50 percent more than current levels. 223 UNITED STATES OPERATORS NOW ACTIVE IN 51 COUNTRIES A new worldwide survey being developed by International Oilman reveals an astoundingly active and broadened interest in overseas oil operations by a lengthening list of United States independent oilmen. Returns, which are still coming in, reveal already that some 223 independent oil operators are engaged in, or actively launching, exploration and development programs in 51 countries outside of the United States. Latin American countries are attracting the largest following among the independents, followed by the Middle East, other North America, West Europe and the Far East. Approximately 88 percent of all independents represented in these worldwide operations are relatively small operators, while 12 percent are in the category of semimajor companies. The survey does not include the major, integrated companies. Until a few years ago, international oil operations were confined primarily to a handful of large, integrated oil companies. Today, however, the capital risks involved in the search for oil and gas in every part of the world are eagerly being shared by the independents as well as the so-called majors. Underlying this anomaly is the growing conviction of many governments that the encouragement of private capital offers the most satisfactory means of converting untapped natural resources into tangible assets. Revisions of petroleum laws, which previously discouraged investments of outside, private capital, are opening new international horizons that spell economic and social progress for millions of people in many parts of the world. The entry of United States independent oilmen into many other countries may perhaps be a golden key that will open many more doors to improved international relationships. Furthermore, these changing developments may bring about a more universal understanding of the fundamental principles of democracy and freedom in the pursuit of private initiative and individual enterprise. The accompanying list of United States oil operators, and the respective countries in which they are active, is presented here to show how extensively independent oilmen are engaging in international operations. Names of far-off countries, that were legendary a few years ago, are today becoming as familiar to independent oil operators as Texas, Louisiana, and California. Prospective oil lands in the frozen wastes of Alaska, the deserts of the Middle East, or the steaming jungles of Central and South America, are identified with names of United States oil operators. United States independents are no longer strangers in the capitals of Europe, South America, the Middle East, or even in the Far East. As new concessions are offered in various countries, more and more independent oil operators are reportedly successful in obtaining such rights. Canada has at least 62 representative United States independents, followed by Venezuela with 55, Cuba with 24, Guatemala and Panama with 18 each, Honduras and Iran with 17 each, Bolivia with 13, and Colombia and the neutral zone with 11 each. Independent oil operators are also reported active in Alaska and Mexico, and have entered 19 Central and South American countries, 22 countries of the Middle East and Africa, 4 west European countries and 3 Far Eastern areas. Quite a few small as well as large independents have extended their interests and investments to embrace several countries, some of which are widely separated geographically. More than 65 percent of the world's oil production is presently controlled by United States oil interests, both major companies and independent operators. As the benefits of oil discovery and development are realized by a growing number of nations, there appears to be more universal approval of the American system of free enterprise and the encouragement of private capital investments. This is indeed a hopeful sign, which must ultimately improve the economic and social welfare of a growing number of the world's underprivileged people. INDEPENDENT OIL COMPANIES J. S. Abercrombie, Houston, Tex.-Mexico, Iran, neutral zone American Independent Oil Co., San Francisco, Calif.-Mexico, Venezuela, Iran, neutral zone American Maracaibo Oil Co., New York, N. Y.-Canada, Colombia, Honduras, Venezuela American Northland Oil Co., San Francisco, Calif—Canada Americuba Corp.-Cuba Amurex Oil Co., El Dorado, Ark.-Canada Anchorage Oil & Gas Co., Houston, Tex.-Alaska Mark E. Andrews, Houston, Tex.-Haiti An-Son Petroleum Corp., Oklahoma City, Okla.-Colombia Argus Petroleum Corp., Cody, Wyo.-Guatemala Atlas Corp., New York, N. Y.-Dominican Republic Bandini Petroleum Corp., Los Angeles, Calif.-Guatemala Barnwell Offshore, Inc., Shreveport, La.-Honduras Barry & Reiner, Inc., Tulsa, Okla.-Bolivia Bay Petroleum Corp., Houston, Tex.-Canada Bear Sterns & Co., New York, N. Y.-Spain Benedum & Trees, Pittsburgh, Pa.--Canada, Colombia, Cuba Bishop Oil Co., San Francisco, Calif.--Canada John H. Blaffer, Houston, Tex.--Haiti Boger Oil Co., Houston, Tex.-Venezuela Bolsa Chica Oil Co., Los Angeles, Calif.-Turkey Britalta Petroleum, Ltd., New York, N. Y.-Canada Brooks-Scanlon Oil Co.-Alaska J. T. Buckley Estate, Houston, Tex.-Canada, Ecuador, Guatemala D. Harold Byrd, Dallas, Tex.-Honduras Caracas Petroleum Co., New York, N. Y.-Venezuela Caribbean American Petroleum Corp. of Panama, Midland, Tex.-Panama Central American Oil and Mining Co.--Guatemala Champlin Oil & Refining Co., Fort Worth, Tex.--Canada Ernest Cockrell, Houston, Tex.-Honduras Colorado Oil & Gas Corp., Colorado Springs, Colo.-Alaska, Canada Columbus Texall Co., Long Beach, Calif.-Panama, Venezuela Commerce Corp., New York, N. Y.-Panama Cia Petrolera del Golfo del Darien, New York, N. Y.-Panama W. B. Cleary, Inc.-Canada Climax Molybdenum Co., New York, N. Y.-Canada Cole, Howard S., Houston, Tex.-Dominican Republic Commonwealth Oil Co., Houston, Tex.-Haiti Consolidated American Industries, Inc.-Panama Consolidated Cuban Oil Co.-Cuba Coro Petroleum Co.-Venezuela Frank H. Crerie, Houston, Tex.-Puerto Rico Cuban American Oil Co., Dallas, Tex.-Cuba Dade Petroleum Co., Houston, Tex.-Venezuela Ralph K. Davies, San Francisco, Calif.-Iran, Mexico, neutral zone H. L. Dilion and Co., New York, N. Y.-Syria Douglas Oil Co., Los Angeles, Calif.-Peru W. B. Duce, Beverly Hills, Calif.--Cuba Drilling & Exploration Co., Dallas, Tex.--Canada, Bolivia, France Empire Trust Co., New York, N. Y.-Canada Esperanza Petroleum Corp., New York-Venezuela Ralph E. Fair, Inc., San Antonio, Tex.-Egypt Falcon Petroleum Corp., Houston, Tex.-Venezuela Fargo Oils, Inc., Dallas, Tex.-Canada Fay, Albert Bell, Houston, Tex.-Dominican Republic D. D. Feldman, Dallas, Tex.--France, Turkey Felmont Oil Corp., New York, N. Y.-Canada E. E. Fogelson, Dallas, Tex.-Spain Lester Foran and Lynn S. Holmes, Corpus Christi, Tex.--Honduras Franco Wyoming Oil Co., Cheyenne, Wyo.-France Frankfort Oil Co.-Alaska General American Oil Co., Dallas, Tex.-Canada, Spain, West Africa Getty Oil Co., Los Angeles, Calif.—Iran, Kuwait neutral zone, Canada Gilliland Oil Co., Los Angeles, Calif.—Peru, Turkey Globe Oil & Gas Corp., Owensboro, Ky.-Mexico Globe Oil & Refining Co., Wichita, Kans.-Canada, Mexico, Iran Haddock Oil Co., Los Angeles, Calif.-Venezuela Hancock Oil Company of California, Long Beach, Calif.-Bolivia, Venezuela, Iran, Kuwait neutral zone Havenstrite Oil Co., Los Angeles, Calif.--Alaska Heathman-Seeligson Drilling Co., Wichita, Kans. (Molasse Oil Explorations)— France Lynn S. Holmes, Corpus Christi, Tex.-Honduras Hudson Oil & Gas Co., Shreveport, La.-Cuba Hunt International Petroleum, Dallas, Tex.-Pakistan Nelson Bunker Hunt, Dallas, Tex.-Libya Husky Oil Co., Cody, Wyo.-Canada, Guatemala, Israel, Turkey Harvey H. Hutchins, Jackson, Miss.-Jordan Hydroil of Houston, Houston, Tex.-Panama Illinois-Wyoming Oil Co., Chicago, Ill.—Canada Independent Exploration Co., Los Angeles, Calif.-Mexico Iniskin Unit Operators-Canada International Oil & Metals Corp., San Francisco, Calif.-Panama International Oil & Minerals Corp., Seattle, Wash.-Panama International Products Corp., New York, N. Y.-Bolivia Israel-Mediterranean Petroleum-Canada, Ecuador, Guatemala, Israel Jupiter Oils, Ltd., New York, N. Y.-Canada Justiss-Mears Oil Co., Dallas, Tex.-Honduras Keljikan Commercial Corp., New York, N. Y.—Bolivia Kerr-McGee Oil Industries, Inc., Oklahoma City, Okla.—Cuba, Panama Kimberley Oil Exploration Syndicate, Philadelphia, Pa.-Australia King-Mill Oil Co.-Venezuela Kirby Production Co., Houston, Tex.-Canada, Venezuela Kirkwood Drilling Co., Dallas, Tex.-Haiti Lapidoth-Israel Petroleum Co., Ltd., New York, N. Y.-Israel Lario Oil & Gas Co., Wichita, Kans.-Mexico, Iran, Neutral Zone Lee Oil Co., Tulsa, Okla.—Cuba Lehman Corp., New York, N. Y.-Canada Lion Oil Co., El Dorado, Ark.-Venezuela, Sicily, Spain Los Nietos Co., Los Angeles, Calif.-Canada MacMillan Petroleum Co., Los Angeles, Calif.-Sicily Maracaibo Oil Exploration Co., Dallas, Tex.-Venezuela Marmora Petroleum Corp., Cody, Wyo.-Turkey Marts Oil Co., Bartlesville, Okla.-Surinam C. H. Maury-Venezuela Mayflower Properties, Inc., (Societe De Forage Mayflower Texas Pour Le Maroc)-Morocco McBride Oil & Gas Corp., San Antonio, Tex.-British Guiana David C. McCord, Dallas, Tex.-Honduras McDermott, J. Ray & Co., Houston, Tex.-Nicaragua McRae Oil & Gas Corp., Denver, Colo.-Honduras John W. Mecom, Houston, Tex.-Colombia, Haiti, Honduras J. W. MenHall, MenHall Exploration Co., Benton, Ill.-Syria Nadel and Gussman, Tulsa, Okla.-Israel National Petroleum Corporation of Cuba-Cuba Newmont Mining Corp., New York, N. Y.-Algeria Northern Natural Gas Co., Omaha, Neb.-Canada Oil & Gas Property Management, Inc., Dallas, Tex.-Honduras, Yemen Edwin W. Pauley, Los Angeles, Calif.-Dominican Republic, Mexico, Jordan Placid Oil Co., Shreveport, La.-Canada Plymouth Oil Co., Pittsburgh, Pa.-Guatemala, West Africa Pyramid Oil Co., New York, N. Y.-Israel Reiter-Foster Oil Co., New York, N. Y.-Cuba, Venezuela Rimrock Tidelands, Inc., Shreveport, La.—Israel San Jacinto Petroleum Corp., Houston, Tex.-Venezuela, Iran San Jose Oil Co.-Philippines San Juan Exploration Co., Dallas, Tex.-Canada Santa Fe Oil Co., Miami, Fla.-Cuba Santiago Petroleum Corp., Houston, Tex.-Canada, Ecuador, Guatemala O. R. Seagraves, Dallas, Tex.-Honduras Seismograph Service Corp., Tulsa, Okla.—Bolivia Skiles Oil Corp., Mt. Carmel, Ill.-Peru. Sloane Exploration Co., Houston, Tex.-Guatemala L. Sonneborn & Sons, New York, N. Y.-Israel Southern California Petroleum Corp., Los Angeles, Calif.-Venezuela, Egypt Star Oil Co., Dallas, Tex.-Venezuela Sullivan & Garnett, Corpus Christi, Tex.-Honduras Sunray Mid-Continent Petroleum Corp., Tulsa, Okla.-Alaska, Canada, Venezuela, Iran Sunset International, Los Angeles, Calif.-Canada Talon Petroleum Co., Houston, Tex.-Venezuela Tennessee Gas Transmission Co., Houston, Tex.-Canada, Bolivia, Venezuela Texas Alberta Oil Corp., Midland, Tex.-Canada Texas American Oil Co., Midland, Tex.-Panama Texas Calgary Co., Abilene, Tex.-Canada Texas Gulf Producing Co., Houston, Tex.-Ecuador, Peru, Venezuela, Libya Texota Oil Co.-Alaska, Liberia Transcontinental Oil Corp., Dallas, Tex.-Cuba Robert W. Tyson, Jackson, Miss.-Jordan Union Oil & Gas Corporation of Louisiana, Houston, Tex.-Venezuela United Cuban Oil Co., Inc., Los Angeles, Calif-Cuba United Fruit Co., New York, N. Y.-Panama United States Smelting, Refining & Mining Co., Boston, Mass.-Canada Venezuela Syndicate, Inc., Houston, Tex.-Venezuela Vimex Oil Co., Houston, Tex.-Venezuela Waterford Oil Co., New Orleans, La.-Nicaragua Western Hemisphere Petroleum Corp.,-Canada, Cuba, Colombia, Honduras Western Natural Gas Co., Houston, Tex.-Venezuela White Eagle Oil Co., Tulsa, Okla.-Bolivia, Venezuela, Philippines Wichita River Oil Corp., New York, N. Y.-Mexico Woodley Petroleum Co., Houston, Tex.-Canada Charles B. Wrightsman, Houston, Tex.-Sicily Yemen Development Corp., Washington, D. C.-Yemen Zimeri Jordanian Oil Co. (J. W. Sparks), Jackson, Miss.-Jordan. SEMIMAJORS AND THEIR SUBSIDIARIES Amerada Petroleum Corp., New York, N. Y.--Canada, Guatemala, Peru, Venezuela, Egypt, Iran, Libya, Somalia, Somaliland Ashland Oil & Refining Co., Ashland, Ky.-Canada, Guatemala, Venezuela, Neutral Zone Atlantic Refining Co., Philadelphia, Pa.-Canada, Cuba, Guatemala, Venezuela, Iran, Saudi Arabia, Syria, Turkey Canadian Superior Oil Company of California-Canada Cities Service Oil Co., New York, N. Y.-Canada, Colombia, Peru, Venezuela, Algeria, Dhofar, Egypt, Iran, Oman, Sahara Conorada Petroleum Co., New York, N. Y.-Peru, British Somaliland, Iran Continental Oil Co., Houston, Tex.-Canada, Guatemala, Peru, Venezuela, Egypt, Iran, Libya, Somalia, Somaliland Ohio Oil Co., Findlay, Ohio.-Alaska, Canada, Bolivia, Guatemala, Venezuela, Egypt, Libya, Somalia, Somoliland Oasis Oil Co., Findlay, Ohio.-Egypt, Libya Phillips Oil Co., Ltd.-Canada Phillips Petroleum Co., Bartlesville, Okla.-Alaska, Canada, Mexico, Venezuela, Neutral Zone, Jordan Pure Oil Co., Chicago, Ill.-Bolivia, Colombia, Paraguay, Venezuela Richfield Oil Co., Los Angeles, Calif.-Alaska, Canada, Bolivia, Peru, Venezuela, Dhofar, Egypt Signal Exploration Co., Los Angeles, Calif.-Guatemala, Venezuela Signal Oil & Gas Co., Los Angeles, Calif.-Canada, Guatemala, Venezuela, Iran, Neutral Zone Sinclair Oil Corp., New York, N. Y.-Cuba, Venezuela, Algeria Sinclair Oil Corporation of Canada.-Canada Sinclair Petroleum Co., New York, N. Y.-Cuba, Somalia Sun Oil Co., Philadelphia, Pa.-Canada, Bahamas, Colombia, Guatemala, Venezuela, Australia, Pakistan Superior Oil Company of Venezuela, Los Angeles, Calif.-Canada, Venezuela Sahara Petroleum Oil Co., Houston, Tex.-Egypt Tidewater Oil Co., San Francisco, Calif.-Canada, Bolivia, Guatemala, Iran Union Oil Company of California, Los Angeles, Calif.-Alaska, Canada, Colombia, Costa Rica, Cuba, Guatemala, Panama, Paraguay, Peru Venezuelan Petroleum Co., New York, N. Y.-Venezuela Zulia Petroleum Corp.-Venezuela |