Word: hugoton
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Dates: during 1960-1969
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...what he thought the oilmen wanted. He tried to diversify Cities Service, acquired Fesco, Inc., a maker of molded-plastic housewares, and agreed to acquire, pending stockholder approval, Akron Equipment Co., a tire-mold manufacturer. So far so good. But Burns had also urged that Cities Service buy out Hugoton Production Co., a Kansas-based producer of natural gas, and a uranium mining and processing firm called United Nuclear Corp. Both deals fell through, partly, it seems evident, because the Cities Service powers, whether right or wrong, were leery about committing too much money too fast to external expansion...