Word: overthruster
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Dates: during 1980-1989
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...bust is especially hard on the brash boomtowns that flourished in the early 1980s, when energy prices were peaking. Six years ago, Evanston, Wyo., a dusty town (pop. 1,250) on the Utah border, was dubbed "Oil City, U.S.A." because of its strategic location atop the Overthrust Belt, then a choice location for petroleum exploration. Oil-rig workers earned upwards of $1,000 a week. Recalls Jerry Cazin, 77, who has owned the Cazin & Houtz hardware store in Evanston for 51 years: "People thought they were going to be in clover all their lives." Today the area's wells have...
...pipeline will become a part of existing gas lines leading to the population and industrial centers of the East, delivering 350 million cu. ft. of fuel per day to customers by Oct. 15. Named Trailblazer, because it is the first major pipeline to transport gas from the Rocky Mountain Overthrust Belt in western Wyoming directly to the Midwest, the $1.4 billion, 36-in. line is the work of five different interstate gas-transmission companies-Colorado Interstate Gas Co., Columbia Gulf Transmission Co., Mountain Fuel Resources, Inc., Northern Natural Resources Co. and Natural Gas Pipeline Co. of America. Together the firms...
American companies seeking drilling territory in the energy-rich "Overthrust Belt" of the U.S. Rocky Mountains compete fiercely for oil- and gas-exploration leases on parcels of land no larger than 8,000 acres. The Denver-based Eagle Exploration Co. has bigger ambitions than that. It has won the drilling rights for the entire territory of Liechtenstein, the tiny principality that nestles in the Alps between Switzerland and Austria...
Raymond N. Joeckel, 55, Eagle's president, believes that since the terrain in mountainous Liechtenstein greatly resembles the sandy, uplifted formations of the Western Overthrust Belt in the Rockies, there may be oil and gas in those hills as well. Eagle had to put up a bond of $3 million against possible damages caused by its drilling and promise to pay 15% of the earnings of any successful wells to the Liechtenstein government. But for that, Eagle received exclusive rights to explore the nation's 39,500 acres...
...reason that oil-and gasmen are intrigued with the Eastern Overthrust Belt is its proximity to the energy-starved Northeast. Nearly 17% of the nation's population reside in the heavily industrialized corridor stretching from Washington to Boston, but until now the area has had little locally produced oil and gas and has been forced to bring in energy from hundreds or thousands of miles away...