Word: oilmen
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Dates: during 1930-1939
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...Peter's loud-mouthed neighbor, Red Scanlon (Charles Bickford), tries to break the line, buy out the land it crosses. The conflict reaches its peak in a magnificent free-for-all when, racing to put down the last three miles of line before their contract expires, the oilmen farmers are attacked by Red's gang on a rock-bluff. Aided by a carnival troupe complete with elephants, which has been summoned by Sally who knows its manager, Peter Cortlandt and his friends win their fight...
Last week George Austin got an offer he could ill afford to refuse. To a syndicate of Texas oilmen he leased the Jumbo for 35 years with an option to buy it outright within 20 years for a cool $10,000,000. Under the lease the Austins will get from 10% to 20% of gross production, depending on the grade of the ore, but in no case less than $100,000 per year. Mr, Austin also stipulated that should the option be exercised, the $10,000,000 must be paid in instalments of not less than $1,000,000 annually...
...average price of crude oil remained steady around $1.05 per bbl. Late in the year Dan Moran's Continental Oil and Edwin B. Reeser's Barnsdall Oil announced that they would open the play in 1937 with a 17? boost. This they did, but their fellow oilmen stayed out of the game, creating a dual price level in mid-continent territory. Then last week the rest of the industry decided to jack their prices not 17? but 12?, and Messrs. Moran & Reeser had to come down. Uniform posted prices prevailed once more, with the average now about...
Still subject to the approval of the Afghan National Assembly, which normally meets in May, Inland s concession was greeted by oilmen from New Jersey to the Dutch East Indies as a provisional triumph for U. S. oil. It would have been less provisional were Afghanistan better recognized as a potential oil source. Until a few years ago neither oil prospectors nor anyone else traveled freely among the rifle-bearing Afghan hillmen. The potentiality of Afghan oil fields is something presumably best known to Inland. In Manhattan last week Seaboard's President John Meston Lovejoy, who is also president...
About this time Harry Sinclair borrowed a Fokker from his new Rio Grande company, flew to California for an oilmen's dinner in his honor. "Gentlemen," said he, looking brawny President Kenneth Raleigh Kingsbury of Standard Oil of California in the eye, "I am in California and I am in to stay." Richfield's next half-dozen abortive reorganization plans came alternately from Standard Oil's Kingsbury and Consolidated's Sinclair. As soon as the prospects seemed good for selling out to one company the other company would raise the bid. Sinclair's last offer...