Chevron U.S.A. Production Co. has dedicated its $29 million waterflood project in Arrowhead field in Lea County, N. M. The project, about 24 miles south-southwest of Hobbs, is expected to recover an added 15 million bbl of oil from the 54 year old field and extend its life into the next century. Since its discovery May 24, 1938, Arrowhead field has produced 31 million bbl of the 36 million bbl of oil estimated to be recoverable by primary methods. It reached peak production of 5,500 b/d in

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