The "privatization" or sale of the Southwestern Power Administration
headquartered in Tulsa as proposed by the Reagan Administration would
increase the cost of electric energy to more than 5 million Oklahoma
consumers between 70 and 450 percent, says U.S. Rep. Mike Synar,
The Administration has proposed selling the five Power Marketing
Administrations which market the hydroelectric power produced by
federally-built dams. Estimated values for the Power Marketing
Administrations are between $15 billiion and $77 billion.
At the low-end, rates to Oklahoma consumers would increase more
than 70 percent or $10.9 million a year just to service the debt
incurred in the purchase, according to testimony given before a
subcommittee chaired by Synar.
At the high-end, rates for Oklahoma consumers would increase 450
percent - without providing profit to the buyer.
"Such rate increase would deal a staggering blow to those served
by Southwestern Power Administration - primarily rural areas already
reeling under the collaps of agriculture and oil prices," Synarsaid.
The Power Marketing Administrations offer the hydro power for sale
first to rural electric cooperatives and municipally-owned electric
utidlities and only after public power needs are met will theysell to
The power is priced at the cost of production.
Southwester Power Administration sold more than 714 billion
kilowatt hours of electric energy last year to rural electric
cooperatives and public power systems in Oklahoma and five adjacent
- "It's sad people use such crude methods as rules of thumb" to
evaluate oil and gas properties they want to sell, says Jay K. Baggs,
manager of the Oklahoma City office of David P. Cook &Associates.
There are a lot of people trying to evaluate the value of their
interest in a well for possible sale now that the cash flow has been
reduced. Baggs says he will do it for $20 or less.
Supply the engineering data and David P. Cook & Associates
provides complete economic analysis with detailed production
histyory/forecast plots over the counter through its Oil & Gas
Reserves Evaluation System.
"We'll do the evaluation for you if you supply the data," Baggs
Oil & Gas Reserves Evaluation System is one of the methods the
company is using to generate revenue during "the bad times" when so
many oil and gas related firms are going under. Daivid P. Cook &
Associates offers more than 60 programs related to the engineering
side of the oil and gas business.
In addition to Oil & Gas Reserves Evaluation System and some
similar programs, the Dallas-based firm offers time-sharing over its
Their economic analysis are "bankable" because the calculations
have been proven over and over again, Baggs said. "The print out is
recognized in the industry," he said. "Banks recognize it."
Company's can waste thousands of dollars in an acquisition, he
said, due to errors in calculations that "rules of thumb" can lead
to. . .
- Manufactured vertical pipeline strainers to separate and
remove foreign particles and impurities from a liquid stream are
being offered to the industry by Metric Corp. of Tulsa.
In the past, Metric Corp. solely installed the strainers on its
measurement equipment. The standard strainer features a hevy-duty 3
mesh .120-inch diameter carbon steel cloth basket with a stainless
steel inner liner and have a minimum 5:1 ratio of standard bvasket
open area to cross sectional area of nozzle opening. …