Newspaper article THE JOURNAL RECORD

Education Reform Funding May Be Stretched to 6th Year

Newspaper article THE JOURNAL RECORD

Education Reform Funding May Be Stretched to 6th Year

Article excerpt

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, D-Okemah, said.

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 another year. 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. …

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