Word: driller
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...drilled where there has been no previous exploration) has been striking oil or gas-a very high success rate. "We are finding big gas fields in Oklahoma, western Wyoming and even Nevada, of all places!" says Marvin Davis. head of Denver's Davis Oil Co a big independent driller. "There is so much baloney coming out of Washington that we are running...
...means to indulge his tastes. After graduating from Oxford in 1963 with a degree in art, he opened a gallery in London. In 1968 he staged an exhibition of tableaux vivants called "The Americans." He imported an Alabama dirt farmer, a California fisherman, a stockbroker and an Oklahoma oil driller to stand around and represent themselves, but his pièce de résistance was a New York cab driver complete with yellow cab and nonstop monologue for anyone who ventured to enter it. Says Graham: "It seemed an interesting thing...
...fact, Project Independence has mainly yielded a barrel of complaints about equipment shortages that are delaying new production. Driller George Mitchell, head of a large Houston exploration company, voices a typical wildcatter's lament: "We've got six good prospects offshore Texas that we've had to defer for six to eight months already for lack of equipment." Another independent oilman, A.V. Jones of Albany, Texas, estimates that he could increase his company's new drilling by 50% if he had the necessary material. As it is, he says, "if all the wells...
...more common, but rights to them are selling for as low as $1 an acre. Since exploration techniques are still rudimentary, the best way to get at the hot water is to drill and pray for success. Sinking a 5,000-ft. well costs about $125,000. If a driller hits, he still can be disappointed by the mixture of steam and briny water that hisses to the surface. Sometimes it is too cool to use efficiently; often it is laden with minerals and impurities that "crud up" turbine blades and even clog the bored hole itself. The steam...
...boom, currently at 22,400 barrels of crude a week, shows no signs of abating. A freelance driller, Clarence ("Squeak") Collins, happily exhibits a geologist's map that shows 17 more underground oil pools in the county, all a mere 1,200 ft. to 1,700 ft. down. "Nearly all the wells in the county are drawing from a single pool now," he rhapsodizes. "Think what's still down there!" Oil experts estimate the area's reserves at 10 million barrels. Another independent producer, George Sakellaris, predicts that the natural gas that forces oil right into...