Word: anethical
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...first real oil find came in 1954. Shell Oil brought in a 1,170-bbl.-daily well at Desert Creek in nearby Utah. But the biggest discovery came in 1956. The Texas Co. tried to get other companies to come in on a deal to drill in the Aneth section of southeastern Utah, where the lease was about to expire, found no takers, and finally went reluctantly ahead itself. Result: it bored smack into the Aneth pool with estimated reserves of 300 million bbls., the biggest find since the Williston Basin seven years...
...Shell, Richfield and Superior) formed the Four Corners Pipe Line Co., spent $50 million for a 16-in. line pumping 70,000 bbls. daily to Los Angeles. Now a second outfit, the Texas-New Mexico Pipe Line Co., has built another line, with 50,000 bbls. daily capacity, from Aneth field in Utah to Jal, New Mexico, where the oil goes into the Texas Gulf and Midwest markets...
...sent the bids soaring was the promise of the biggest oil pool in the West, under the barren Navajo buttes and mesas. Texas Co., which had started exploring the area about three years ago, recently drilled its exploratory Navajo C-4 well on tribal land located between the big Aneth oilfield in San Juan County, Utah and another series of proven wells farther south. Texas Co. wanted to find out how far the Aneth field went and whether the two pools might be connected. Though Texas Co. tried to keep the well secret, every oilman suspected that something...
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