Word: golyer
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...Switch. But many a Texan was puzzled over Mr. De's refusal to become merely another Cadillac-comforted caricature. He pursued learning as others pursued the black gold. "So you're the Texan who can read," remarked a cynical reporter one day in the library of De-Golyer's impeccably furnished Mexican-style palace in suburban Dallas. Standing in the huge, 15ft-high room choked to the ceiling with some 20.000 volumes-which ranged from rare editions of Copernicus and Francis Bacon to the best sin gle private collection of works about the Southwest-Mr. De assumed...
Bargains & Coups. After surveying the U.S. and Canada, De Golyer decided that the best prospects for Amerada were in Texas. But only U.S.-owned companies could drill there. So the Cowdray family split its 60% ownership in half, and let Wall Street's Dillon, Read & Co. sell half the stock on the U.S. market at $26 a share.* Amerada went into Texas and found oil from the start. With their growing geophysical skill, Jacobsen and De Golyer were so confident of finding oil that when Louisiana Land & Exploration asked them to "shoot" (i.e., prospect) its holdings along the Louisiana...
Jacobsen took over Amerada's presidency in 1929, when De Golyer stepped up to chairman.† He quickly made a series of shrewd deals (e.g., he bought 160 acres in California's Kettleman Hills for $200,000, sat by while others drilled, sold an undivided half interest in his lease for $8,600,000 after another company found oil), built up the cash Amerada needed to expand its oil hunting...
...group of U.S. oilmen last week made a deal with Spain to wildcat for oil in the Ebro Valley, although no oil in quantity has ever been found in Spain. The group, which includes Delhi Oil and famed Geologist Everette de Golyer (TIME, April 3, 1944 et seq.), has put up $1,000,000 as a starter, while the state's Institute Nacional de Industria, has put up the same amount. If oil is found, the Spanish government will get 3%, while the American group and the Institute Nacional will split the remainder, one of the most favorable foreign...
...Match's voting power to elect himself to Northern Pacific's board of directors, and began making his presence felt. Simon insisted that Northern Pacific's haphazard way of handling its oil leases be improved, got the board to hire Dallas' famed geologist E. De Golyer (TIME, March 24) to survey the railroad's oil lands, and brought in Standard Oil Co. of California's former assistant vice president LeRoy Hines as a new Nipper officer in charge of oil. When Nipper's stockholders hold their annual meeting next fortnight, Simon is expected...