Word: loeb
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Dates: during 1950-1959
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...contracts give YPF all the oil and, upon expiration in 20-30 years, the wells themselves. To come in on such terms, the companies demanded and got a fast payoff. For getting YPF's oil out of the ground and to the wellhead, the Carl M. Loeb, Rhoades group, investing $100 million, will get 70% of the world oil price until its investment is amortized. 15-20% after that. Five other big companies (Pan American International, Esso, Shell, Union Oil of California, Tennessee...
...time limit of the contracts made speed advisable, and the companies moved fast. Texas' Loffland Bros., drilling for Pan American, shipped ten rigs to Comodoro Rivadavia within 60 days after the deal was closed, so far has brought in 81 wells. The Loeb, Rhoades group, on proven ground in central Mendoza province, has brought in 48 wells; Tennessee Gas hit four producers in Tierra del Fuego. Wildcatting in Patagonia, Union Oil brought in a new field in November...
Neither the resignation of Jan A. Hartman '60-3 as chairman of the Student Council committee on dramatics nor his charges of "shallow thinking" in policy decisions on the Loeb Drama Center produced very strong reactions yesterday among other students connected with dramatics...
...half-built Loeb Drama Center is already a problem. When the Loeb opens next year, the Faculty will acquire responsibility not only for a structure of brick, concrete, and glass, but also for a community of persons and organizations...
...final responsibility for the achievement of this goal is the Faculty's, and it should be achieved through a predominantly Faculty body. Choice of productions for the main stage of Loeb will be the principal way in which the Faculty committee guides the future. Students will initiate production; students will carry them out; but it is the Faculty's job to choose among them. Student opinion should be consulted, perhaps through some advisory group, but final decision must rest with the responsibility, in the hands of the Faculty...