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Exploring the Sea. The biggest chunk of the company's sales comes from its avionics subsidiaries. The hottest new product: a 2-cu.-ft. black box (Hidan), that enables a pilot in a plane to know exactly where he is at all times. With it, pilots can take off from any airport in the U.S. and fly to another, guided only by the signals from the black...

Author: /time Magazine | Title: CORPORATIONS: The Busiest Link | 9/22/1958 | See Source »

...engineers-"This is one helluva big well . . . the biggest." That it was. Drilled by Shell Oil Co. of Canada, Ltd. and the British American Oil Co, Ltd., in the muskeg 150 miles northwest of Edmonton, Alta., it roared in with a fabulous open-flow potential of 1.5 billion cu. ft. per day. Its closest competitor is a 500 million-cu.-ft. well owned by Phillips Petroleum Co. in Pecos County, Texas, and the nearest thing Canada has seen is a dwarf by comparison: a British American well with a flow of 280 million cu...

Author: /time Magazine | Title: The Hemisphere: The Biggest Gas Well | 9/15/1958 | See Source »

...augers down more than 12,000 ft. through a thick cap of Devonian rock. The gas-bearing section is 551 ft. thick, which indicates a reservoir of major proportions and almost an embarrassment of riches for Canada. Before the find, estimated Alberta natural gas reserves stood at 21 trillion cu. ft., which must now be revised upward. The new well alone could supply all the gas the new Trans-Canada pipeline can pump when it goes into operation late this year...

Author: /time Magazine | Title: The Hemisphere: The Biggest Gas Well | 9/15/1958 | See Source »

...great reinforced concrete dam at Kuibyshev stretches nearly three-fourths of a mile across the mighty Volga River. Behind it lies an artificial reservoir 1½ times the size of Great Salt Lake. In its construction, 6.5 billion cu. ft. of earth was excavated-more than was dug out in the building of the Panama Canal. The huge, pale grey power station housing the 20 turbines is 2,000 ft. long, 200 ft. high -twice as large in volume as the gingerbread skyscraper of Moscow University, the tallest building in Russia...

Author: /time Magazine | Title: RUSSIA: Man in a Hurry | 8/25/1958 | See Source »

...Indians, mostly Navajo, whose sheep battled the jackrabbits for meager forage. Last week the mesa-dotted region, where the boundaries of Utah, New Mexico, Arizona and Colorado meet, was the hottest petroleum area in the U.S. Each day El Paso Natural Gas Co. piped more than 600 million cu. ft. of natural gas to the Los Angeles market from 3,000 wells; other companies piped huge amounts to the Pacific Northwest, Santa Fe, Albuquerque and Los Alamos. Oil company pipelines sent 120,000 bbls. of oil daily to the West Coast and Texas Gulf refineries from some 750 wells...

Author: /time Magazine | Title: OIL & GAS: The Four-Cornered Can | 7/21/1958 | See Source »

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