Word: gilbertown
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...nearly four years that Baker has been president, Humble has spent an estimated $215 million on speculative digging, plans to spend another $70 million this year, drill some 800 wells. Humble went into Alabama after Dallas' Hunt Oil Co. struck the first oil there in 1944-the Gilbertown field, 80 miles north of Mobile, which now has 69 producing wells. Humble opened the second field, the Carlton, some 55 miles northeast of Mobile in 1949, now has nine producers there. In all these, the oil must be pumped up, usually the sign of a small field. But when Humble...
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