Word: houston
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...fuel and the danger of a shortage of tankers. Last week it looked as if Florida would soon get another important fuel supply-natural gas. In Washington the Federal Power Commission handed down permission for Texas Wheeler-Dealer Clint Murchison to hook his Coastal Transmission Corp. into Houston Texas Gas & Oil Corp., build a $150 million pipeline system to supply gas everywhere along the fast-growing peninsula...
Murchison will build a 574-mile pipeline eastward from McAllen, Texas, gather gas from producers along the way and deliver it to Houston's Baton Rouge station. In turn, Houston will build a pipeline to carry the gas to a Dade County terminus at Cutler, south of Miami, with 682 miles of lateral spur lines running off the main stem to supply customers in every major Florida market...
...Mosquito Coast of Nicaragua, a U.S. independent firm has had as many as 200 men at work, and planned to bring in an offshore drilling barge. Houston's John W. Mecom and three associates were drilling a pair of exploratory wells in Honduras. In Guatemala, where 29 U.S. companies bid for exploration rights after the government of President Carlos Castillo Armas passed what oilmen called a "tough but workable" law, the process of sorting out overlapping concessions was going on, but no drilling had yet begun...
...decision sorely disappointed steelmakers, there were few cries of real alarm. Bethlehem Steel Corp. and Youngstown Sheet and Tube Co. announced that they would review expansion plans; Jones & Laughlin Steel Corp. said that it would be forced to reappraise plans for a new $250 million mill planned for Houston. But most steelmen had already decided that they have to expand one way or another to meet their growing markets. Republic Steel Corp. will still continue with its $187 million expansion program; so will Pittsburgh Steel Co., National Steel Corp., Armco Steel Corp. and Inland Steel Co., which have expansion plans...
...bookie hired Christie, Mitchell and Mitchell, Houston oil operators, to check on the deal. They liked it so much that they bought out the bookie, capitalized the operation for $10 million, put up mostly by C.M. & M., Waterford Oil Co., Riddell Petroleum Corp. and Houston C Financier Bob Smith (TIME, May 2 1954), guaranteed Jackson and Miles 5% of the new venture's gross. In two years Jackson and Miles leased 285,000 acres in the Wise County area, brought in 110 gas wells and 57 oil wells. They had a spectacular average of ten productive wells for every...