Word: dykes
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...rises victorious, only to realize that he is wearing the sandwich on his head. As I learned from the six-year-olds seated around me, this is very, very funny. The voices cast for the movie suggest some attempts at appeasing an older audience. In addition to Dick Van Dyke, Ted’s boss, we are treated to Drew Barrymore as Ted’s love interest, and the ubiquitous Will Ferrell voicing Ted himself. Ferrell delivers his trademark inflection and comic timing, and was far less distracting than I expected. The spirit of the movie can be summed...
When West Texas got played out, Van Dyke took that dealmaking skill to the Gulf of Mexico. His finds were modest but rich enough to allow him to play the role of Texas oilman to the hilt. In 1969, when a man might pay $25,000 for a nice house in a decent neighborhood, Van Dyke spent $1 million for a house that he later embellished with a 1-acre man-made "lake...
...Appalachia, but left the big plays to the majors. Oil exploration had moved into the open ocean, and the high costs shut out most independents. But while other wildcatters became investors or consultants or began specializing in "strip wells" that draw oil out from nearly depleted wells, Van Dyke decided to go for broke, launching a bid to become an international deepwater wildcatter in the North Sea in 1973. The gamble paid off with another modest find--60 million bbl. off the coast of the Netherlands--and allowed Van Dyke to be part of the development of deepwater exploration technology...
...ultimately it's the price of oil that will determine Van Dyke's success. Thanks to intense demand for production, the cost of operating a drilling rig is now $400,000 a day; it was half that just a year ago. This year alone, Van Dyke drilled two dry holes off the coasts of Morocco and the Ivory Coast. Next year he'll try again in Morocco and in Ghana. He has just finished a $15 million 3-D seismic program in Madagascar, and he is planning his first well there, 6,000 ft. underwater. "You might spend $20 million...
...wonder Van Dyke isn't getting out. "People say, Van Dyke, why in the hell don't you retire?" he says. "Well, hell, I don't hunt and fish. I don't play golf. My wife won't let me chase girls, so what else is there?" And like any other great oilman, he's still got big dreams. "I'm taking all the properties we have in West Africa, going to make a great big sale, probably to the Chinese, the Indians, going to keep about a 15% interest." A deal like that could make him a billionaire...