OIL WELLS TO CLOSE
PRICE-CUT PROTEST
ACTION TAKEN IN TEXAS
(Reed. Aug. 15, 2.50 p.m.) DALLAS, Texas, Aug. 14
Eighty-seven thousand petroleum wells in Texas, the largest producing State in the nation, have 'been ordered to shut 'by the 'State authorities as a protest against the action, of large companies in reducing crude oil prices, in some cases toy 20 per cent. The action was the first definite move in any oil-producing State since the cut initiated last week toy the Sinclair Company.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20017, 16 August 1939, Page 7
Word Count
83OIL WELLS TO CLOSE Gisborne Herald, Volume LXVI, Issue 20017, 16 August 1939, Page 7
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