Word: jacobsen
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Dates: during 1950-1959
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Oilmen acknowledge Alfred Jacobsen, Amerada Petroleum's president, as king of the explorers. After others had vainly scouted the Williston Basin since the early '20s, Jacobsen last year sank the well that tapped one of the country's richest oil pools. But shrewd Oilman Jacobsen did not rest on the triumph; he already had his seismograph crews roaming north west Alberta in a hunt for new treasure. Oilmen have long guessed that an oil-rich coral-reef formation underlies Alberta's Peace River Basin, about 200 miles northwest of Canada's vast Leduc field...
...handful of companies turned out some 60,000 power mowers a year, only 3% of the total mower market. Now, more than 100 companies are in the business and power-mower sales are running at $100 million a year, about half the total market. (Among the leaders: Reo Motors, Jacobsen Mfg. Co., Toro Mfg. Corp.) The twofold reason for the boom: 1) suburban population has soared 40% since before the war (v. a 12% rise in the cities) and 2) the cost of hiring someone to cut the grass has climbed so high ($1.50 to $2.25 an hour) that...
Prize Pop. No oilman is scared by the long odds. Amerada's Alfred Jacobsen, one of the industry's great pioneers in scientific oil exploration (TIME, March 24), decided to chance it in the Williston Basin, after other oilmen had been drilling there sporadically and futilely for about 30 years. Jacobsen drilled to 11,000 ft. before discovering that "core samples," removed at 8,000 ft., indicated the presence of oil. By a new technique (using hydrochloric acid to flush oil out of close-pored limestone), Jacobsen found the oil that others had missed, and the great Williston...
...sands. Use of gravity-meters and perfected seismograph techniques now enable prospectors to pinpoint formations which could contain oil. But to find out whether oil is there, no substitute has been found for the old-fashioned gamble of sinking a drill. Thanks to the tenacity of such gamblers as Jacobsen, Hunt and countless independent wildcatters, the industry is now finding it almost everywhere...
Medalist was Bill Timpson, playing third man, who managed to eke out a 74. Timpson posted an easy 7 and 6 victory over the Bruin's Bob Jacobsen...