Word: oilfield
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...million bbl. a day, deoxygenated and heated from the Beaufort Sea's 28° to 40°. Then it will be pumped to another plant ten miles away, there to be heated to 80° and sent through a maze of 35 pipelines to injection wells in the oilfield...
...derricks and the roughnecks who manned them. "As kids we never talked about what we'd be when we grew up," recalls Marshall, the only member of her family to attend college. "There was just no question about growing up to be somebody." Then her father, an oilfield worker, became disabled. "We wound down to poor," she says, "and I got ambitious." As a teenage typist at local law firms, she started visiting court, eventually worked her way through law school at the University of Texas and went straight to Baker & Botts, where she specializes in contract and insurance...
Some firms already foresee a rebound and are starting to buy oilfield equipment on the cheap. "Anyone can steal a rig now," says James Jackson of Jim Davis Auctioneers in Dallas. "All the boys out there are hurting...
...Arguello, Calif. Now that money looks like the down payment on a bonanza. Last month Phillips and Chevron announced that a test well had brought in a gusher, and expectations were heightened by several other successful drillings near by. Then last week Texaco confirmed the existence of a major oilfield by announcing crude flows from an 8,500-ft. well. Experts now say that the Santa Maria basin could be the biggest single find in the U.S. since 1968, when reserves were discovered on the North Slope of Alaska that have now been estimated at 9.5 billion...
Someone once said that no man should be ashamed of his poverty; he should get rid of it as fast as he can. Texas Governor William Clements did just that, transforming himself from an oilfield roughneck to the millionaire founder of Sedco Inc., one of the world's largest offshore drilling companies. As the first Republican Governor of the Lone Star State in more than a century, "Dollar Bill" Clements, 65, who is seeking a second term this year, is proud to say, "The people of Texas like the idea that I can call the White House and someone...