Word: barco
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...shutdown of Gulf's Colombian fields marked the final step in a series of Latin-American difficulties. In 1926 Gulf's Colombian production was seriously diminished by the cancellation of the Barco Concession,-a concession which unique Henry L. Doherty's Cities Service Co. had obtained from the late great Colombian Virgilio Barco and had then sold to Gulf. In 1929 the Colombian Government upheld this cancellation and the matter is now before the Colombian courts. Gulf Oil has also recently suspended operations in Panama and Mexico...
...other interior field is the so-called Barco concession of about 1,500,000 acres near the Venezuelan border adjoining the prolific Maracaibo wells. This property, together with the oil rights on about two million acres nearby, is being exploited by the Carib Syndicate of New York, in cooperation with the subsidiary of the Henry L. Doherty interests of Pittsburg. Transportation problems have somewhat embarrassed these operations since the field is accessible only from the east by way of the Catatumbo River and Lake Maracalbo; but it is now proposed to lay a two hundred mile pipe line...