Word: pauley
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Dates: during 1960-1969
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...largest contract, for 80% of the field, went to a syndicate made up of Humble, Shell, Mobil, Texaco and Union Oil, which will pay a 95.56% royalty. Pauley Petroleum got 10% with a bid of 98.277%, and Richfield and Standard of California together scooped off the remaining 10%, including one sector on which they will turn back an unprecedented 100%. The oil companies, which normally pay royalties that range around 50% on the crude that they pump from the ground, will make the money to offset the high royalty payments through profits on the sale of refined products. They will...
...impasse (TIME, Sept. 8). The grandes dames were out in force-Rose Kennedy, the President's mother; the Castoria heiress Mrs. Robert Woods Bliss, and the indomitable Alice Roosevelt Longworth-along with such assorted guests from other fields as Pundit Walter Lippmann, Labor Chief George Meany, Oilman Edwin Pauley, and New York's Mayor Robert Wagner (who played the fiddle as a boy). And, since the party was in honor of Governor Luis Muňoz Marin and his wife, there was a sprinkling of Puerto Ricans, including Mayoress Doňa Felisa Rincón de Gautier...