Word: basins
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Suffering man's infinite capacity for self-deception was demonstrated last week, with radioactive trimmings appropriate to the atomic age, in the little Montana mining towns of Boulder (pop. 1,017) and Basin (pop. 250). From far & near came hundreds of bent, gnarled and crippled men & women, mostly victims of some variety of arthritis, all pathetically seeking a magical cure. Many thought they were benefited. Undoubtedly benefited were the owners of two abandoned silver mines, hotel and motel keepers, beanery proprietors and taxi drivers. Boulder and Basin had not seen the like since the bonanza days of the 1890s...
Prize Pop. No oilman is scared by the long odds. Amerada's Alfred Jacobsen, one of the industry's great pioneers in scientific oil exploration (TIME, March 24), decided to chance it in the Williston Basin, after other oilmen had been drilling there sporadically and futilely for about 30 years. Jacobsen drilled to 11,000 ft. before discovering that "core samples," removed at 8,000 ft., indicated the presence of oil. By a new technique (using hydrochloric acid to flush oil out of close-pored limestone), Jacobsen found the oil that others had missed, and the great Williston...
...Bismarck, N.D., where dozens of oil companies have now set up offices, April saw the biggest gain in business (12%) of any city in the U.S. Nobody yet knows how vast the basin's oil pools may be, but Amerada, Shell, Texaco and others have already brought in wells as far as 115 miles apart. Since oil has also been found across the Canadian border in Saskatchewan, oilmen suspect that the Williston pool extends there, think they may find fields rivaling Alberta's great Leduc and Redwater fields...
...years, Texaco, Ohio Oil and Bay Petroleum have all put up new office buildings in Denver. Big new reserves have been turned up in Wyoming's Pow der River and Big Horn basins. Promising finds are being developed in the Ute country of adjoining Utah, where the hunt for oil had once been abandoned. But Salt Lake's determined Wildcatter J. L. (Mike) Dougan kept on trying, despite a heartbreaking series of dry holes. Finally, after two years, he brought in Utah's first commercial well. But that wasn't the end of his heartbreak...
Denver's own Denver-Julesburg basin, where oil is found at such relatively shallow depths (3,000 -6,500 ft.), is a driller's paradise. Sterling, Col., where British-American oil brought in the discovery well two years ago, has since jumped in population from 7,470 to more than 10,000, and 160 more producing wells have been brought...