Word: houston
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Dates: during 1950-1959
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Died. Hugh Roy Cullen, 76, Texas millionaire and philanthropist, founder-head of the Quintana Petroleum Corp., largest independent oil company in the Southwest, who gave away something like 90% of his estimated $200 million fortune; of cerebral thrombosis; in Houston. Texas-born of poor parents, Cullen left the third grade to work in a candy factory, dabbled in cotton and real estate, then (1930) as a wildcatter, struck deep into the 500-million-barrel Rabb's Ridge oil field, 50 miles from Houston. His method: to take wells others had given up, and drill deeper. After...
Last week the government said that "several of the most prominent U.S. oil companies are negotiating with the French for Sahara concessions." Texas Independent N. Bunker Hunt, son of H. L. Hunt, and Houston's Texas Gulf Producing Co. are dickering for a piece of the desert. Cities Service Co. and Standard Oil Co. (N.J.) say they are "interested" in making a Sahara oil deal. The five-year leases that French oil companies took in 1952 will expire this September, and some 27 million acres of potential oil lands that these companies did not exploit will...
Many a thriving business was born of smart shopping for surplus goods after World War II. But nothing beat the big buy that created Texas Eastern Transmission Corp., whose backers (including Houston Contractors George and Herman Brown) raised $143 million in 1947 to buy the Government's war-built 2,819-mile Big Inch and Little Big Inch pipelines. Out of an original investment on their part of only $150,000 in stock, they parlayed the Texas-to-East Coast oil lines into one of the U.S.'s big four natural-gas carriers, a giant worth $581 million...
CLAUDE DE CRESPIGNY Houston...
...newly-elected freshman representatives to the Student Council are Chitranjan Kapur '60 of Hollis and Delhi, India; Joungwon Kim '60 of Hollis and Seoul, Korea; and incumbent John F. Maher '60 of Holworthy and Houston...