Word: amerada
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Dates: during 1950-1959
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...Chance No. 1 strike is no accident, but the almost inevitable climax to one of the greatest oil rushes in history. Besides Western Minerals, companies like California Standard, Amerada, Shell, Texaco and Midland have grabbed up 130 million acres in the area to stake millions on electronically corroborated hunches that underneath the permafrost lies one of the world's greatest oil pools. The rush has even pushed into the remote Arctic Archipelago, where at least ten companies have asked for exploration permits. Companies with household names such as Richfield are planning to explore places with exotic names such...
QUARTERLY EARNINGS 1st 2nd (in millions) METALS Aluminium Ltd. $ 5.3 5.1 Anaconda 6.1 4.6 OILS Amerada 5.6 4.3 Getty Oil 7.1 .9 AIRCRAFTS United Aircraft 11.5 10.8 General Dynamics 9.9 10.2 MISC...
...letter of intent from Conorada Petroleum Corp. (Continental Oil Co., Ohio Oil Co., Amerada Petroleum Corp.) to invest $100 million in much the same way as Pan American...
...Texas Co. from 71⅝ to 68; Gulf from 118 to 109⅛. Domestic oils, which could benefit from greatly increased production at home in another situation like Suez (see below), staged a smart rally. Atlantic Refining rose from 38 to 40¾; Shell from 76 to 80⅝; Amerada from 104 to 109¼. Like the home-grown oils, many other industries slowed by the recession picked up market strength as investors gambled on an imminent change in the business tides. Some steels, coppers and aircrafts rose to new highs for the year; Crucible Steel, one of the most...
...they called him) was-with all his $30 million-a different kind of millionaire. Born in a sod hut in Kansas, he became a world-famed geologist, helped found the famed oil-hunting Amerada Petroleum Corp., amassing his millions along the way. Seeking still greater independence, he left Amerada and in 1936 founded the consulting firm of DeGolyer & McNaughton, soon made a new name for himself as a man of integrity and accuracy in the infinitely painstaking business of oil exploration. His uncanny, top-of-the-head appraisal of oil property came to be accepted in Texas as the last...