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Word: bbl (lookup in dictionary) (lookup stats)
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...galloping cost of oil has spawned a new breed of rustlers on the American prairies. Instead of roping longhorns, they steal crude oil-right from the production fields. Driving tanker trucks capable of carrying up to 200 bbl. of crude, these so-called hot oilers simply pull up to remote storage facilities, drain the contents into their vehicles, then skedaddle with their liquid loot...

Author: /time Magazine | Title: Hot Oil Heists | 4/13/1981 | See Source »

Though the Eastern Overthrust produced more than half the oil consumed by the U.S. at the turn of the century, the region's appeal diminished shortly thereafter, when wildcatters hit richer fields in Texas, California, Louisiana and Oklahoma. Yet with oil now selling for upwards of $38 per bbl., drillers are returning to the Eastern Overthrust for a fresh, and more thorough, look at what their predecessors might have left behind...

Author: /time Magazine | Title: Seeking New Oil in Old Fields | 4/6/1981 | See Source »

...Intermountain West from Canada to the Rio Grande, the Eastern strip takes its name from the geological folding and overlapping that occur when mountain ranges are forced upward through sedimentary rock. Some oilmen estimate that such formations in the Western Overthrust states could hold as much as 13 billion bbl. of crude, or more than two-thirds of the amount that might be contained in the Alaskan North Slope...

Author: /time Magazine | Title: Seeking New Oil in Old Fields | 4/6/1981 | See Source »

Most energy experts doubt that the Eastern Overthrust's reserves will prove comparable to those of the Western belt. The U.S. Geological Survey believes that the region's potential could be as much as 1.5 billion bbl. of oil. Says Michel T. Halbouty, a leading Houston geologist and independent operator: "I believe a concerted exploration effort in that area will probably yield huge reserves...

Author: /time Magazine | Title: Seeking New Oil in Old Fields | 4/6/1981 | See Source »

...drilling around a dome near Beaumont, Texas, produced a gusher of unprecedented size. It was called Spindletop and gave birth to the modern petroleum industry. Since then, salt domes in the Gulf States have helped point the way to more than 6 billion bbl...

Author: /time Magazine | Title: Science: Hideaways for Nuclear Waste | 3/16/1981 | See Source »

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