Word: oilman
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Dates: during 1950-1959
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...small producer, brought up enough oil this year to supply its own needs for about two weeks. Cuba's biggest investor, Standard Oil Co. (Indiana), was also drilling two exploratory wells in Jamaica, where its wildcatting rights cover the whole island. In Haiti, Oilman Mecom and an associate drilled three dry holes, but plan to try again...
Died. Everette Lee DeGolyer, 70, pioneer oil geologist, multimillionaire oilman, wide-ranging book collector; by his own hand (.38 revolver) after long illness; in Dallas (see NATIONAL AFFAIRS...
...located between the big Aneth oilfield in San Juan County, Utah and another series of proven wells farther south. Texas Co. wanted to find out how far the Aneth field went and whether the two pools might be connected. Though Texas Co. tried to keep the well secret, every oilman suspected that something big was happening. At the first sale a combine of Pure Oil Co., Ohio Oil Co. and Sun Oil Co. bid $7,941,000 for a nearby 2,500-acre lease, nearly $3,200 an acre and $2,500 more than Navajo land had ever brought before...
John B. O'Connor, 57, is a man smitten by wanderlust. In twelve years as executive vice president of Dresser Industries, one of the world's biggest oil equipment and service companies (annual sales of $225 million), Oilman O'Connor logs more than 100,000 miles a year helping run Dresser's eleven subsidiaries spread over eleven states and nine foreign countries. Recently the oil industry's Nomads Club voted him "the world's most-traveled executive." Last week Traveler O'Connor made one of the most important moves of his career...
Houston to Greece. Oilman O'Connor will be responsible for a worldwide $18 million expansion program at Dresser-everything from a new research center in Houston to a barite and bentonite (used in drilling muds) mining operation on the island of Mikomos, off the coast of Greece. The new products closest to the O'Connor heart are two oil turbodrills, which he recently succeeded in buying after eight months of on-again, off-again negotiations (TIME, Oct. 8) with the Russians and France's Etablissements Neyrpic. To be tested for the first time in Dallas this week...