Word: driller
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Many laid-off workers are thinking about getting out of the oil business for good. Daryl Helms, 31, of Andrews, Texas, had been a driller like his father until last Christmas night, when he lost his second job in little more than a month. Now Helms, who had earned $39,000 two years ago, gets $168 a week in unemployment benefits and has sold his car and used up his savings to help support his two children and his wife, who is working part-time. Says he: "I'm fixing to get out of the oilfields. I wish...
Davis, 55, has a passion for privacy. The son of a New York City garmentmaker, he amassed a fortune, believed to approach $1 billion, in 25 years of wheeling and dealing that have made his wholly owned Davis Oil Co. a leading independent oil driller. Davis has tried but failed to buy up other non-oil businesses, including the Oakland A's baseball team and the Denver Post. If he captures Fox, he will own not just a highly profitable movie studio but a budding entertainment and real estate empire. Fox Chairman Dennis Stanfill has been investing movie revenues...
This season, more than 10 million taxpayers will go to H. & R. Block with all the gusto of visiting the dentist. So it is rather appropriate that Henry Bloch, 56, the chief executive and prime-time TV pitchman, looks like a small-town tooth driller. He is a direct, plain-spoken Midwesterner in a brown suit and brown shoes, the type of fellow for whom the word unpretentious was invented. For his prodigious charities and civic good works, fellow citizens named him Mr. Kansas City, but he hides most of his trophies and awards in a small, dark closet...
...abruptly changed the situation by, among other things, extending federal price controls to so-called intrastate gas. That has made it just as profitable for a driller in, say, Oklahoma to sell his gas to a pipeline company that will transport it to Michigan as to a customer that will use it to generate electricity or heat a factory in Tulsa. This in turn has made available an estimated 1 trillion additional cubic feet of the fuel for sale in states such as Ohio, Indiana, and New Jersey, where it is needed most. One trillion cubic feet is roughly equal...
...landowner. Other wells are sunk by individuals. A typical case is that of Fred Norman of Harborcreek, near Erie, Pa., who decided three years ago to follow the example of many of his neighbors and dig his own well. For $3,000 Norman hired a water-well driller, who struck gas at only 874 ft. Norman's cousin, a plumber, rigged a pipe to carry the gas into the house, where it fuels a hot-water heater, two heating stoves and a cooking stove. Norman estimates that the well has cut his fuel bill by as much...