Word: drilling
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Dates: during 1950-1959
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Many a costly hope was placed in Central America, spurred by Union Oil Co.'s discovery in Costa Rica last September of the first oil ever found in quantity between Mexico and the South American mainland. That well quickly flooded with salt water, but Union will drill two more, and Costa Rica is enacting a liberal oil code. Because the Costa Rican discovery was right on the border of Panama, which already had an inviting oil law, six U.S. firms hurried there. All of Panama has been let out on exploratory concessions, and three test wells drilled...
Well, Well, Well. Geologist Jackson first realized the potential of Wise County in 1948 while working as a consultant for oil companies drilling there. While many of the wells did not produce oil, they had gas. But no one knew whether there was enough gas in the field to make it worthwhile to build a pipeline. Nevertheless, Jackson went to work to get the gas to market, persuaded a Wise County rancher to give him an 18-month option to drill three wells...
Jackson teamed up with Ellison Mills, a Dallas drilling contractor, got $60,000 from Wise County landowners willing to take a chance. The first well came in with an estimated reserve of more than 5 billion cu. ft. of gas, worth about $500,000. But since the drillers had no customer for the gas, banks refused to lend money to drill the other two wells. Lone Star Gas, which also had gas wells in Wise County, offered to buy the well for a mere $15,000, which Jackson refused. Discouraged, he went back to his consulting work as a geologist...
...Brigadier General Turner C. Rodgers, announced yesterday that "in the near future" AFROTC units will be established at all coeducational Universities with AFROTC units for men. At present ten universities have trial units for women in which the coeds take two hours of basic training per week including both drill and classwork, receive reserve pay and attend summer training camp. They must qualify for and join the Air Force Reserve in order to graduate with a commission...
...busy in the process. A typical day in Eliot House began at 0600 (6 a.m.) with a two mile run and calisthentics. By 0710 the future naval officers had swabbed the decks, cleaned themselves and their rooms, and stood inspection. Classes started at 0800, continuing through the morning. Physical drill followed dinner. Buglers sounded taps...