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...boom is on in Montana. The Shell Oil Co. struck petroleum on land leased from the Northern Pacific Railway in northeastern Montana's Dawson County, and speculators were hustling in last week to snap up the remaining drilling rights on a million acres of surrounding territory. Oilmen are excited about the strike because it is the first commercial well to tap the Montana section of Williston Basin, a vast layer of sedimentary rock under much of. North and South Dakota, Montana, and parts of Canada. The well is only 100 miles from Tioga, N. Dak., where the first strike...

Author: /time Magazine | Title: OIL: Double Check | 7/30/1951 | See Source »

...high point of his trip, although the hospitality was just beginning. The two most militant of his oilmen hosts, crag-faced Republican Hugh Roy Cullen (who hoped MacArthur would run for President) and Glenn McCarthy (who was hell-bent on publicizing his Shamrock Hotel), had been jockeying for weeks for first place in the MacArthur limelight. Houston's Mayor Oscar Holcombe had diplomatically made each chairman of a welcoming committee; between them they had toiled as if they anticipated the second coming of Sam Houston...

Author: /time Magazine | Title: TEXAS: A Delightful Trip | 6/25/1951 | See Source »

...industry let out a howl of anguish four years ago when General Motors' research wizard, Charles F. Kettering, announced a revolutionary new auto engine. By using gasoline with a 105-octane rating, Kettering's high-compression engine could get 30 miles to the gallon. Complained oilmen: to provide enough 105-octane gas to make such a revolution practical would require a $2 billion rebuilding of their whole refining equipment...

Author: /time Magazine | Title: AUTOS: G. M.'s Answer | 5/7/1951 | See Source »

...Tulsa, Okla. this week, before the American Petroleum Institute, General Motors planned to take the wraps off a still more advanced high-compression engine-the "19XX"-which answers the oilmen's objections. Like Kettering's, it has a 12-to-1 compression ratio, but it operates on 96-octane gas, within easy reach of refineries now making high-test gasoline (90-octane). G.M. has installed the engine in a 1951 Cadillac, put it through stiff road tests. Combined with a powerful new (and still secret) automatic transmission, the engine has already proved that it can cut gas consumption...

Author: /time Magazine | Title: AUTOS: G. M.'s Answer | 5/7/1951 | See Source »

Pioneer has built up a shuttle service for oilmen from Dallas and Houston to the vast West Texas oilfields, stops at out-of-the-way spots like Abilene as many as 18 times daily. The company cuts cost corners and avoids frills. It has no downtown ticket offices, sells tickets only at the airports, serves no meals, only sandwiches, orange juice and coffee...

Author: /time Magazine | Title: Business & Finance: The Oilfield Shuttle | 4/2/1951 | See Source »

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