Word: anschutz
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...Bureau of Land Management, its landlord, the sandstone canyon southwest of Billings, Mont., is known as Weatherman Draw. The BLM leases the mineral rights to the site for $1 per acre per year, or $160--about the price of an average downtown parking spot. To the Anschutz Exploration Corp. of Denver, which holds a permit to drill for oil there, the canyon is designated as Federal Lease MTM-74615. Should the company's wells pan out, the canyon could be worth millions. Finally, to the numerous Native American tribes that revere the canyons' ancient rock drawings of warriors, shields...
...their quarrels over public resources, how can Westerners find common ground when the ground itself has so many different names? This remote Montana canyon may hold some answers. Last spring, when the Interior Department ruled that Anschutz had a right to drill here, it touched off a negotiating process as complicated as a Native dance. Tribes from the Comanche to the Crow, who had long used the canyon as place of worship and regard it (as do anthropologists) as a living link to their collective pasts, petitioned Washington to reverse its policy. The BLM stood pat, so the tribes went...
...invitation attracted a third and scrappy new bidder who helped turn the fight into a virtual Who's Who of finance and industry. Assembled by the First Boston investment firm, the group of newcomers included Jay Pritzker, the Chicago-based chairman of Hyatt Corp., his wealthy family and Philip Anschutz, a Denver oil billionaire. First Boston also wooed Harry Gray, the retired chairman of United Technologies, and several other high- rolling investors. The group came into the bidding with a show-stopping but tentative offer of cash and securities worth up to $26.8 billion, or $118 a share...
...publicity-shy chairman of the Hyatt Corp., Pritzker, 66, with his brother Robert, 62, surprised both Kravis and Johnson by joining the First Boston investment firm in an informal last-minute bid for RJR Nabisco valued at as much as $27 billion. Allied with the Pritzkers is Philip Anschutz of Denver, a billionaire oil and mining magnate. They have since combined forces with an acknowledged master of the hostile game, HARRY GRAY, 69, the taciturn former chairman of United Technologies, who heads his own investment firm. The First Boston group is offering a highly complex package of cash, securities...
PHILIP F. ANSCHUTZ Denver...