Word: cued
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Dates: during 1950-1959
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...MERGER is being talked over by Mid-Continent Petroleum Corp. and Sunray Oil Corp. Both firms would benefit by combining. Sunray has more reserves (more than 359 million bbls. of oil, 1.5 trillion cu. ft. of gas) than it can process, and Mid-Continent must buy most of the oil it processes. Combined assets, if the two merge: $475 million...
...with all cargo forward, all decks and staterooms aft; a multidecked patio around the swimming pool to give inside staterooms an outside view; a picture-windowed cocktail lounge perched aloft in the streamlined main stack. Each ship will carry at least 100 passengers and have space for 500,000 cu. ft. of cargo, and will be plying American President's round-the-world trade routes...
...Paso Natural Gas Co. will build a 370-mile, $35 million pipeline from Pacific Northwest's Mt. Home terminal to the California-Nevada border, there sell California's big power companies 250 million cu...
...Line. To swing the deal, McMahon was aided by some potent allies. El Paso Natural Gas wanted Canadian gas brought in to prolong the life of the San Juan Basin. Californians, whose daily gas consumption (1,400,000,000 cu. ft.) is growing 11% yearly, were worried that 2,800,000 new gas customers in the Northwestern U.S. would exhaust San Juan, thus shut off California's major source. Phillips Petroleum Co., which has big gas reserves in San Juan, also has gas-fields in Peace River that it wants to open...
Nobody Loses. It was a deal that seemed to make everybody happy. The $40 million yearly gross that Pacific Northwest originally expected will go up $20 million. The U.S. Northwest could be assured of 219 million cu. ft. of gas a day, v. the 169 million cu. ft. Fish could guarantee from San Juan. California and Denver will get more gas. For Canadians it meant the opening of the biggest and closest market for their gas, new prospecting, a 25% rate cut in Vancouver...