House Bill 1017, the five-year education reform plan, looked
Thursday like it might be stretching into a six-year plan after
the Oklahoma House of Representatives speaker indicated educators
would not get the full funding they sought. Early estimates
indicated the state would have $50 million or $60 million in
additional money for House Bill 1017, Rep. Glen Johnson,
The Oklahoma Education Board had sought $81 million in new
funding for the education act, plus $10 million expected from
dedicated tax revenue. The highest priority for the upcoming year
of the education act is the $53 million for teacher salary
increases, state Superintendent Sandy Garrett said.
Garrett said the fifth-year request also included $17 million
for extending the school year and adding a health curriculum _
both projects deferred from the year before because the fourth
year was not fully funded. Garrett said she thought the
Legislature might look at putting the two projects off yet
Phillips Notes Discovery at United Kingdom Well
BARTLESVILLE _ Phillips Petroleum Co. United Kingdom Limited
announced Thursday a discovery on a well it operates located in
block 16/29a of the North Sea in the United Kingdom. Phillips
owns 33.78 percent of the well. Coventures include Fina
Exploration Limited, 28.96 percent; Agip (United Kingdom) Ltd.,
17.26 percent; British Gas Exploration Production, 11.5 percent
and Pentex Oil Ltd., 8.5 percent.
The exploration well is located six miles south of Phillips'
Maureen platform and approximately 160 miles offshore Scotland.
The Upper Jurassic sands, encountered at about 12,000 feet,
tested at rates of up to 7,700 barrels of oil per day and more
than 16 million cubic feet of gas per day on variable choke
sizes, according to Phillips. The Bartlesville-based company said
it and its co-venturers will now consider various development
plans in conjunction with the Department of Trade and Industry.
Phillips Petroleum Co. approved a capital budget of nearly
$1.2 billion for 1994 in January, according to C.J. Silas,
Phillips chairman and chief executive officer.
The exploration and production capital budget was set at $725
million, a decrease of 10 percent from the 1993 estimated
expenditures of $810 million. However, the 1993 expenditures
include a $126 million final payment for liquefied natural gas
tankers in Alaska. …