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...Phillips Petroleum Co. and Chevron U.S.A., a subsidiary of Standard Oil Co. of California, paid a record $333.6 million for the right to explore for oil on a single 5,700-acre offshore tract in the Santa Maria basin off Point Arguello, Calif. Now that money looks like the down payment on a bonanza. Last month Phillips and Chevron announced that a test well had brought in a gusher, and expectations were heightened by several other successful drillings near by. Then last week Texaco confirmed the existence of a major oilfield by announcing crude flows from...

Author: /time Magazine | Title: Black-Gold Rush | 11/29/1982 | See Source »

Finished with everyone his size, he is ready to try Bruce Jenner again, to act in movies, perhaps portray Henry Armstrong, the legendary champion of three weight divisions (whose record Alexis Arguello could not break last week against Aaron Pryor). "Boxers in the past have been known to be ugly," Ali told Leonard. "But we're pretty. You and I can't take credit, though. It started with Sugar Ray Robinson. He was a pretty man before us. Pretty...

Author: /time Magazine | Title: Sport: Everything I've Done Is Unique | 11/22/1982 | See Source »

Aaron Pryor severed Alexis Arguello's hopes of becoming the first man to hold world titles in four weight divisions last night by unleashing a savage barrage of head punches in the 14th round to knock out the 30-year-old Nicaraguan in their junior welterweight prizefight...

Author: NO WRITER ATTRIBUTED | Title: Scoreboard | 11/13/1982 | See Source »

Looking for all the world like a buoy that sprouted wings, the National Aeronautics and Space Administration's Nimbus weather satellite last week soared into space from its pad at Point Arguello, Calif. The Nimbus program has already cost more than $100 million, but the price tag may be well worth it. The ninth weather eye to be orbited by the U.S., the General Electric-built Nimbus is at once the biggest and most advanced weather satellite sent into space since Tiros I pioneered the use of satellites for meteorology more than four years...

Author: /time Magazine | Title: Weather: The Best Eye Yet | 9/4/1964 | See Source »

...Kraft ordered Carpenter to start flying the capsule by the manual control system, which uses a separate fuel tank. As Carpenter approached California, Kraft decided that there was still enough fuel for a third orbit. But he told Astronaut Shepard at the microphone in the tracking station at Point Arguello: "We still want to emphasize to him to limit his auto fuel usage...

Author: /time Magazine | Title: Space: Aurora 7. Do You Read Me? | 6/1/1962 | See Source »

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