Word: geologist
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...they called him) was-with all his $30 million-a different kind of millionaire. Born in a sod hut in Kansas, he became a world-famed geologist, helped found the famed oil-hunting Amerada Petroleum Corp., amassing his millions along the way. Seeking still greater independence, he left Amerada and in 1936 founded the consulting firm of DeGolyer & McNaughton, soon made a new name for himself as a man of integrity and accuracy in the infinitely painstaking business of oil exploration. His uncanny, top-of-the-head appraisal of oil property came to be accepted in Texas as the last...
...People have told me for years there is no more opportunity left. They said a man is stymied; all the good things had been taken up. But we've parlayed an idea in six or seven years into millions." So said Dallas Geologist John A. Jackson last week as the biggest uncommitted natural-gas field in the U.S. was opened up by the Federal Power Commission. FPC approved the sale of 105 million cu. ft. of gas daily in the Wise County area of northern Texas to the Natural Gas Pipeline Co. of America, one of the biggest...
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...
...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...
...these wide open spaces, Americans are a new species. Mollie Regan, red-haired and illegitimate daughter of one Regan, meets Stanton Laird, oil geologist from Oregon. His rival is David Cope, a "pommy" (Australian slang for English immigrant) who runs a neighboring station, a pint-size affair of about 300,000 acres. Mollie goes off to Oregon with the ice-cream addict, Stanton, but when she discovers that the U.S. frontier has been all softened up by milk shakes and civilization, she returns to the rum and mutton of the Australian never-never to cope with Cope...