Word: oilfield
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Dates: during 1960-1969
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...same Crown Point, Ind., farm that was sold for $325 an acre a year ago recently acquired a new buyer at $500 an acre. In Texas' Montgomery County, 25 miles north of Houston and not far from an oilfield complex, pasture that went for $350 an acre in 1965 changed hands this year at $1,000 an acre...
...pipe and liquefication equipment with which to develop the Okha natural-gas fields of Soviet-held Sakhalin island: in return, 7,000,000 cu. ft. per year of Sakhalin gas will be shipped to Japan. In Sumatra, Japanese oilmen promised to invest $15 million to carry on offshore oilfield drilling; Indonesia will keep 39% of the oil produced, and the Japanese will get the rest. And the Mitsui Mining & Smelting Co. paid $8,000,000 for copper and zinc mines in Peru; next year the mines will begin shipping concentrated ores to Japan...
Venezuela's Prieto Quintuplets are two years old, and as fine a bunch of healthy, pot-banging toddlers as anyone could wish. All of which would keep Mrs. Inés Cuervo de Prieto, 36, and her oilfield worker husband hopping-even if they didn't have a new set of nine-month-old twins and five other kids around the house. Last week Mrs. Prieto sighed and reported that she is again expecting in December. "It's frightening," muttered the father. Wailed the mother: "It's impossible...
...another Dutch oilman, Managing Director Luitzen Brouwer, 54. Spaght will in herit one of Loudon's titles: chairman of U.S. Shell. To take over the American firm as Spaght's successor, Shell named Richard C. McCurdy, 56, an Iowa-born mining engineer who worked up from oilfield roustabout to Shell boss in Venezuela and, since 1953, has been president of Shell Chemical...
Belaunde sometimes suspects that the U.S. drags its feet just a little because of his bitter wrangle with International Petroleum Co., the Standard Oil of New Jersey affiliate that operates Peru's richest oilfield on the north coast near the Ecuadorian border. Shortly after his election in 1963, Belaúnde yielded to nationalist demands and canceled I.P.C.'s 39-year-old concession. He has yet to reach a settlement. Peru's anti-Yanquis demand outright expropriation. Belaúnde's better sense tells him that the government could not run the field profitably. "Around here...