Word: leasehold
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Dates: during 1950-1959
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...town's No. i host to sportsmen, writers and politicians, Shor built a reputation as a fabulous spender, was often broke but never for a moment lacked for loyal friends. Last week Shor had no lack of money, either. For $1,500,000 he sold his leasehold, which still has nine years to run, on his 51 West 51st Street restaurant, which he has operated since 1940. Purchaser: William Zeckendorf's Webb & Knapp, which plans to tear down Shor's place, add its 6,000 sq. ft. to an already cleared null building site facing Avenue...
...field-was the third brought in by Benedum companies in a month. Fortnight ago, near Gillette, Wyo., the three Benedum companies (Penn-Ohio Gas, Hiawatha Oil & Gas, Benedum-Trees Co), that hit in Ohio also brought in another promising oil pool on a 90,000-acre leasehold of virgin oil land, pumped an initial 350 bbl. daily and are now drilling a second well. Last week, in Brooks County, Texas, still another well came in for the same three outfits, this one capable of producing 30 million to 40 million cu. ft. of gas daily on 1,600 acres...
...Canadian-born son of a wandering hard-rock miner, Oilman McMahon quit college to become a prospector himself, bounced from drilling rig to drilling rig until the 1940s, when he moved into the Peace River area above Edmonton in search of gas and oil. When the provincial government lifted leasehold restrictions on Peace River lands in 1947, McMahon snapped up an original 300,000 acres and started prospecting. The first two holes were dry. Then in 1952 at Fort St. John, 345 miles from Edmonton, his Pacific Petroleums drillers brought in a promising gas well at shallow depth, followed...
...that was definitely left of Crowell-Collier was a record-club division, Los Angeles Radio Station KFWB, a leasehold on the Crowell-Collier Building (worth up to $800,000), and P. F. Collier & Son Corp., the book-publishing subsidiary, which, said Lannan, a director of Manhattan publisher Henry Holt...
After the sale Texas Co. announced that its Navajo C-4 was indeed a producing well, pumping an average 642 bbls. of high-grade oil daily, and oilmen felt much of the nearby leasehold could be considered proven oil land. Then two more wells came in on Navajo land. Superior Oil brought in its Navajo B-1 well, with 1,402 bbls. daily, and Gulf Oil brought in its Desert Creek No. 1 well...