Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Ambrosia Lake. But no one struck it rich in Ambrosia Lake until 1955. Then a young (31) Texan named Louis B. Lothmann came in with a $10,000 grubstake, two years of college geology and a hunch on where to look. He teamed up with Septuagenarian Stella Dysart, an oil wildcatter, who knew every corner of the 72-sq.-mi. area from her 30 unsuccessful years of oil hunting. Using Stella's drilling logs of rock formations and a rickety, secondhand rig, Lou Lothmann cut down 360 ft. into a 17-ft.-thick seam of uranium on Dysart land...
Last week Ambrosia Lake got another big lift. Phillips Petroleum Co., which is sinking two mines there, contracted with the Atomic Energy Commission to build a $9,500,000 mill to process 1,725 tons of ore a day into uranium concentrate. Like many another oil producer, Phillips is hedging its bets against the day that uranium becomes a major source of the world's energy...
Kermac Nuclear Fuels Corp. (which is 51% owned by Oklahoma Democratic Senator Robert S. Kerr's Kerr-McGee Oil Industries, Inc.) is digging four mines and for $16 million is putting up a 3,300-ton-a-day mill, which will be the biggest in the U.S. Homestake Mining Co. has joined with Sabre-Pinon Corp. to build a 1,500-ton mill, which will go into operation by mid-1958. This December, Homestake also will finish a 750-ton mill, under construction in partnership with J. H. Whitney and Co., White, Weld & Co., San Jacinto Petroleum Corp...
...will have 7,275 tons of uranium mill capacity a day-about half the U.S. total. But Ambrosia Lake's mining men are plowing up surrounding areas in search of more ore. Floyd Odium's Lisbon Uranium Corp. is prospecting around nearby San Mateo Dome, and Superior Oil Co. (California), has struck ore 30 miles west of the Dysart mine. When atomic power becomes a commercial reality, dusty Ambrosia Lake expects to have a permanent base for its newfound prosperity...
...flood of foreign oil-and to soothe the politically potent ire of Texas' independent oilmen-the Interior Department two months ago set up a voluntary import curb on big oil companies. Last week the program's administrator. Navy Captain Matthew V. Carson Jr.. logged a mutinous crew and foul weather ahead. The companies were asked to cut imports 10% below their 1954-to-1956 levels, bring in only 755,700 bbl. of foreign crude a day. But Captain Carson's first statistics showed a daily August total of 982,300 bbl. The companies themselves estimate daily...