Word: geologist
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...coordinate its sprawling empire of 270-odd subsidiaries and affiliates, Standard Oil Co. (NJ.) last week named a new president: big (6 ft., 185 Ibs.), ruddy-faced Eugene Holman, 49, onetime Texas geologist. President Holman replaced Ralph W. Gallagher (TIME, June 5) who moved on up to the company's chairmanship...
...first geologist ever to be a Standard president, Eugene Holman made his most notable claim to the public's attention in April, when he calmly contradicted Oil Boss Harold Ickes' shrill predictions of an oil famine. Said Eugene Holman: If U.S. business has vigor, vision and a cooperative Government, the nation's oil should last for 1,000 years or more...
...Worlds. But he had enough cash to make a spectacular splurge in the oil industry. He opened offices in Tulsa, hired a brace of top-notch geologists. He dazzled the industry by plunking out $100,000 for a 160-acre lease in Oklahoma which a farmer had bought for $200. Hawley sank two dry wells, gave up. Said his top geologist, H. L. Scott: "Frankly, that deal was one hell of a big mistake...
...Province. But his big strike came last month, after he made a deal with the Carter Oil Co., a Jersey Standard subsidiary, to drill a 15,000-acre tract in Montana, near Roundup (pop. 2,645). Every Rocky Mountain geologist had thumbed it down. But Hawley struck oil on the west side of the tract. Hawley and the Carter Co. promptly divided their holdings in the area, Carter taking the western half and selling the eastern half of the area to Hawley. Smartly he moved his rig to the eastern side. There he brought in a 5,000-bbl. well...
Everette Lee De Golyer, 57, of Dallas, is perhaps the world's greatest oil geologist. Born in a Kansas homesteader's sod hut, he became the founder of a U.S. crude oil producer (Amerada Corp.), a director of Dallas' plush First National Bank, and the man whom the industry reverently calls "the father of geophysical exploration in the U.S." This man was the man whom Harold Ickes recently sent to survey U.S. oil properties in the Middle East, and who now attempted to explain to Americans why the U.S. is dabbling in Middle East...