Word: midcontinental
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Yet most investors realize that U.S. oil properties will be quite dear someday, since the country's 25.3 billion bbl. in estimated reserves are less than one-sixth of Saudi Arabia's. Last week twelve companies demonstrated their faith in the value of the finite resource by bidding a combined...
Cargill has been prospering from thin margins on great volume ever since it was started a century ago by Will Cargill, son of a ship's master from Scotland's Orkney Islands. He set up a small grain storage shed near a rail terminal in Iowa, expanded with...
Last week Tidewater confirmed that merger studies are so far along that it has sent a lengthy report to the Justice Department, expects a merger may well come off before 1960. Bubbled Oilman Getty in London: "A Tidewater-Skelly merger is a natural." Tidewater, which last week reported first-half...
Corp., Petro-Atlas, Inc., Williams Bros. Corp. and Midcontinent Exploration Co.
The sky over Chicago turned an eerie shade of yellow-brown one afternoon last week, and a menacing twilight fell over the Loop-powdery topsoil, blown in from the Great Plains, was drifting once more in the upper atmosphere. It was a fearful reminder that the flatlands of the midcontinent...