Word: paso
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Dates: during 1950-1959
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...Paso needs more gas. It already sells, on peak days, more than 2 billion cu. ft. of gas (of which it produces 200 million itself), in markets that, says Kayser, are "sopping it up like a blotter." In total assets in 1954, El Paso ranked second among gas-pipeline companies to Tennessee Gas Transmission Co. Kayser himself, in the eyes of many gas men, ranks second to none. Says a Pacific Northwest man: "If this industry, spread out the way it is and always fighting within itself, can look on any one man as its spokesman, Mr. Kayser...
...rate tuition for preministerial students, decided against the ministry, took up law, eventually reimbursed Baylor for the rate cut. As a lawyer in Houston, he worked his way up to the position of top attorney for Texas Financier Jesse Jones. In 1928 he began wondering why El Paso was using costly synthetic gas. while in the Permian Basin, 200 miles away, residue gas from oil wells' was being flared as waste. Kayser raised $6,000,000 in capital, formed El Paso Natural Gas to build the pipeline. (El Paso, unlike most other gas-transmission companies, has built most...
Without Fever. Through the Depression, El Paso was kept alive by the Arizona copper industry, then spread to the growing cities of Phoenix and Tucson...
While other pipeline companies scrambled in the postwar years to divide up the rich Eastern market, El Paso poked a line westward and ended up with most of California to itself. The huge Pacific Gas & Electric Co., which until 1950 had used only California natural gas, now gets two-thirds of its gas (1.4 billion cu. ft. a day) from El Paso...
...Colorado Plateau while everyone else was panting after uranium. '' "If you didn't want them to get the fever," says Kayser, "you inoculated them with a little of it." The inoculation consisted, of forming a new company, Rare Metals Corp. of America, 55% owned by El Paso, 18% by Western Natural Gas Co. (an I affiliate) and 27% by officers and employees of the companies. Rare Metals opened a mercury plant in Idaho this fall and will have a reduction mill finished in Arizona late next spring...