Word: patagonia
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Dates: during 1950-1959
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...American, shipped ten rigs to Comodoro Rivadavia within 60 days after the deal was closed, so far has brought in 81 wells. The Loeb, Rhoades group, on proven ground in central Mendoza province, has brought in 48 wells; Tennessee Gas hit four producers in Tierra del Fuego. Wildcatting in Patagonia, Union Oil brought in a new field in November...
...South America, giant sloths (Mylo-dons) as big as men survived long enough in the high wilds of Patagonia to be killed by ancient Indians. Their skins have been found in caves. A giant armadillo with a shell 12 ft. long was hunted too. The strange beasts reported by Indians living in Patagonia today may be giant sloths or armadillos that the ancient hunters missed...
Black topsoil, rolling 350 miles west and south of Buenos Aires, has nourished Argentina's agricultural past; but for its heavy-industrial future, Argentina is looking toward continent's-end Patagonia. Outwardly, Patagonia seems little more than 300,000 sq. mi. of wasteland lashed by 60-m.p.h. antarctic winds, blinded by spinning dust devils, cursed by endless drought that is relieved by only 5 in. of rain a year. Its 500,000 inhabitants earn a rugged living by running 18 million sheep and 1,500,000 goats on scrub grass...
...hostile Patagonia hides riches that can make the difference between boom and bust for Argentina's dollar-short wheat-beef economy. With a new "Operation Patagonia" and with massive infusions of foreign capital, President Arturo Frondizi has high hopes of unlocking the treasure house. He has already kicked off Operation Patagonia with a series of projects. One is a $149 million El Chocón hydroelectric project on the Limay River by a 27-firm British-French-Italian combine to provide 650,000 kw. of power, irrigate 250,000 acres of parched croplands. Another is a plan to exploit...
...preliminary agreement with a combine including the U.S.'s Atlas Corp. (Floyd Odium), Atlas subsidiaries and affiliates, and pipeline contractors Williams Bros. (U.S.) and Ferrostahl A.G. (Germany). The combine will invest $240 million in drilling as many as 4,000 wells in the Comodoro Rivadavia field in Patagonia, $240 million for casing and maintenance of the wells, $5,000,000 in a factory to make meters and pumps...