Word: mcgee
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When the Interior Department opened sealed bids on some Louisiana offshore oil land last month, a peculiar fact turned up. On one tract, Kerr-McGee Industries, Inc. submitted the only bid-a whopping $4,000,000; on several other tracts it was also completely unopposed by such offshore bidders as Shell, Gulf and Continental Oil. The worried giants hastily rechecked their geologic studies. Did Kerr-McGee, headed by Oklahoma's Democratic Senator Robert S. Kerr and Oilman Dean McGee, have some special information on the land? Not at all. In Washington last week, Kerr-McGee was desperately trying...
...Dean McGee told the story, his company had spent $400,000 in seismographic surveys of the areas to be leased. McGee himself figured out the bids, jotting down identification numbers of the land he wanted. In most federal land auctions the land is divided into tracts, and the only numbers that bidders have to worry about are tract numbers. But this time, as Kerr-McGee and all other bidders had been informed, land was divided into blocks, which were then subdivided into tracts. McGee copied down the block numbers instead of the tract numbers, and these were submitted...
...yourself cult are such bigwigs as U.S. Steel Vice President David Austin, who has a two-room, $5,000 woodworking workshop packed into his Pittsburgh apartment; former Secretary of State Dean Acheson, who makes his own furniture; TV and Radio Luminaries Desi Arnaz, Edgar Bergen and Fibber McGee, who spend their spare time puttering around with shelves and kitchen cabinets; Movie and Recording Stars George Montgomery, Perry Como, Dan Duryea and Jane Russell, who do their own handiwork, build boats and furniture; the Strategic Air Command's General Curtis LeMay, who is currently helping fellow airmen rebuild a private...
...Robert S. Kerr, 57, Democratic U.S. Senator from Oklahoma and president of Kerr-McGee Oil Industries, Inc., moved over into the chairmanship to let Co-founder Dean A. McGee, operating boss since Kerr went into politics, take over the presidency...
...Palestine Trading Corp., a U.S. concern, is planning to spend $5,000,000 drilling for oil on a 500,000-acre lease in Israel. The cost will be divided by U.S. and Israeli investors, and the actual drilling will be done by Oklahoma Senator Robert Kerr's Kerr-McGee Oil Industries Inc. of Oklahoma City...