Word: geologist
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...halcyon days of great American oil discoveries. The output of oil, or an equivalent amount of gas, discovered in new wildcats has declined from more than 350 bbl. per ft. of drilling in the late 1940s to less than 50 bbl. per ft. today. Says John D. Haun, petroleum geologist at the Colorado School of Mines: "We will have to drill many more wildcat wells to come close to finding as much oil as we found in the last decade...
...rush to the mountain has actually been a sprint. Last January, after coming across traces of alluvial gold on his land, Farmer Genesio Ferreira da Silva hired a geologist to investigate whether there was a larger deposit. Word leaked out, and within a week 1,000 prospectors had descended on the farm. Five weeks later, there were 10,000 on Fer-reira's property and another 12,000 near by. Huge nuggets were quickly discovered, the biggest weighing nearly 15 Ibs., worth more than $108,000 at the current market price. "If we could have only kept the secret...
...rush to the mountain has actually been a sprint. Last January, after coming across traces of alluvial gold on his land, Farmer Genésio Ferreira da Silvia hired a geologist to investigate whether there was a larger deposit. Word leaked out, and within a week 1,000 prospectors had descended on the farm. Five weeks later, there were 10,000 on Ferreira's property and another 12,000 nearby. Huge nuggets were quickly discovered, the biggest weighing nearly 15 lbs., worth more than $108,000 at the current market price. "If we could have only kept the secret...
Roland Von Huene, the U.S. Geological Survey ma rine geologist who first spot ted the curious object, recalls: "The center hole had clearly been made by tools...
LATIN AMERICA. "In terms of undiscovered oil, Mexico is now where the U.S. was in the 1930s and '40s," says Houston Geologist Larry Meckel. "It could end up being the second or third largest producer in the world." But as with the OPEC nations, the country is husbanding its resources by holding back production. Farther down in South America, efforts are now being concentrated offshore, with Exxon and Shell preparing to drill around Tierra Del Fuego, where Charles Darwin once sailed on the H.M.S. Beagle, and the Falkland Islands. A promising area offshore of the heavy oil deposits...