Word: oilman
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Dates: during 1950-1959
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...penny earned, every penny spent. But as the U.S. economy burgeoned, the rigid family budget began to die out. In the midst of prosperous 1955, a manager of Home Life Insurance Co. estimates that only one of 200 families keeps a detailed day-by-day ledger. Says a Denver oilman: "My wife and I had our fill of budgets during the Depression. I can still see those damned skinny envelopes...
When Texas Oilman Clint Murchison was asked last March what he considered the major achievement of his life, he replied: "I'm still trying to accomplish it in this Canadian pipeline, which I am trying to consummate to a final conclusion successfully." Last week Murchison's major achievement moved a long pipe length closer to successful consummation...
...OILMAN GLENN MCCARTHY, onetime king of the wildcatters, has found backers for his comeback attempt in Bolivia (TIME, May 16). A group of investors headed by Manhattan Rug Importer Robert Keljikan has put up $4,160,000 for a 50% interest in McCarthy's Bolivian oil field near Villa Montes, where he has already brought in two wells, one oil, one gas. McCarthy's forecast: between 35 and 45 wells in production, with 5,000 bbls. daily, within 17 months...
Died. Pattillo Higgins, 92, Texas oilman who triggered the Spindletop strike near Beaumont which ushered in the oil age; in Houston (see BUSINESS...
Died. R. W. ("Dick") Burnett, 57, millionaire oilman, sole owner of the Dallas Eagles of the Texas League (for which he paid a record $500,000 in 1949), named Minor League Executive of the Year in 1953 for his partially successful fight to give the minor leagues a larger voice in making baseball rules; of a heart ailment; in Shreveport...