Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...hope. Companies and syndicates have been created recently to finance independent exploration. Among them are Denver's King Resources, Los Angeles' McCulloch Oil Corp. and Houston's Austral Oil. One wildcatter recently discovered a field at Bell Creek, Mont.; it is capable of producing 130,000 bbl. a day in previously unexplored territory, which suggests that some large untapped pools of oil still exist for the wildcatter to find...
Toward a Million. The oil companies want bigger tankers because huge capacity makes it economical for their ships to bypass the blocked Suez Canal and lumber around the Cape of Good Hope to Europe or the Americas. The transport costs run to about 400 per bbl. in a 200,000-d.w.t. ship, compared with 520 in a 70,000-tonner. Each big ship can save a company about $1,000,000 a year in hauling costs...
...Union was the claim that it had seriously underreported the quantity spilled by the eleven-day gusher. Alan Allen, an engineer for General Research Corp. of Santa Barbara, meticulously plotted the spread and flow of the oil. Union had said that the crude escaped at the rate of 500 bbl. per day. By Allen's calculations, which he calls "ridiculously conservative," the ruptured well was spewing out at least 5,000 bbl...
...Indians, Aleuts and Eskimos, who argue that the land was originally theirs. Oil companies covet leases to 58 million of the disputed acres that are part of the Arctic North Slope field, the largest known pool of oil in the U.S. (reserves estimated at well over 5 billion bbl.). After Nixon named him to the Cabinet, Hickel promised: "What Udall can do by executive order, I can undo...
...deposits of the world's main energy source. The Navy has controlled a 37,000-sq.-mi. North Slope petroleum reserve since World War II, but found no need to develop what it considered only a strategic reserve. Farther south at Cook Inlet, working wells produce 195,000 bbl. daily and have made Alaska the U.S.'s eighth largest oil-producing state. Three years ago. with U.S. consumption increasing and reserves decreasing, oilmen decided to take advantage of a state auction of North Slope oil leases. Companies like Sinclair, British Petroleum, Union Oil and Atlantic-Richfield spudded about...