Word: drilling
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Dates: during 1970-1979
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Where are the finds of the future? The list of places to look is long, but expectations are limited. Almost no oil geologist expects that a drill bit will some day chew into another Kuwait or Spindletop. Only in the Soviet Union, China and the Middle East are there untapped onshore areas that bear the geologic marks of major potential reserves, and even new strikes in the Middle East are expected to be less sensational than the discoveries of earlier drillings...
Companies whose earnings were cramped by last winter's gas shortage are pressing plans to prevent recurrences. Steelmaker Allegheny Ludlum, whose first-quarter earnings were cut to less than half of what they were last year, is going further than most. It has begun to drill its own gas wells in Ohio and Pennsylvania, build stockpiles of oil, and redesign furnaces so that they can be easily switched from gas to oil, propane and even tar. Says Chief Executive Robert J. Buckley: "We are working vigorously to have far greater capability next year and in the long-term future...
...almost entirely on the oil and gas companies for estimates of reserves, must contend with wildly varying figures, some of them just high-grade guesses. The problem is a serious obstacle to policymaking. For example, the U.S. Geological Survey-working from raw oil-company data and lacking funds to drill sufficient test holes-estimates that undiscovered resources of natural gas lying under water on the outer continental shelf may be as high as 655 trillion cu. ft., which at current consumption rates for gas would meet U.S. needs for more than 30 years. But then again, says USGS, the resources...
...Machete Drill. Some time Wednesday morning the terrorists left their headquarters, located in a quiet Washington neighborhood six miles north of the White House. They were armed with rifles, shotguns and machetes. A neighbor later told police that he had seen the group drilling with machetes in the yard...
Life for the roughly 60 men aboard each drilling rig is a strict routine of twelve hours on duty and twelve off during seven days at sea. The center of the rig's activities is the mud-slicked drill floor, where half a dozen roughnecks struggle day and night with heavy chains and power-driven winches to shove 90-ft.-long pieces of drill pipe into the narrow hole. During the twelve hours off, the roustabouts spend most of their time sleeping, although they can also fish for baby sharks and sand trout or watch the latest porno movie...