Word: richfield
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...Alaska is on its way to a third great boom. Oil companies-notably Atlantic Richfield, Exxon and Sohio-have already found immense reserves of natural gas under the frozen tundra of the North Slope. Geologists believe that there may be as much as 300 trillion cu. ft. of gas in deposits in Alaska's Arctic; those deposits could supply 5% of U.S. annual demand (currently 22 trillion cu. ft.) when tapped, thus helping to head off the long-predicted severe shortage in U.S. gas supplies. In fact, the gas could begin to flow from the Alaskan wells into...
...Jones, 58, chairman of General Electric Co. (But for Jones to be elected, the Constitution would have to be amended. He was born in England, and brought to the U.S. as a child.) Another businessman on many lists would be Thornton F. Bradshaw, 58, the innovative president of Atlantic Richfield Co. He has a grasp of the nation's energy needs and extensive experience in dealing with foreign governments. Bradshaw also holds three degrees...
Oilmen for the three companies involved in the sealift-Atlantic Richfield, Standard Oil Company of Ohio and British Petroleum-have maintained that air and overland shipments of some equipment would allow at least a trickle of oil to flow on schedule, regardless of this year's ice. But last week's delay threw a shroud over even that promise, and any major sealift probably will have to wait until next year. If nothing else, the professional meteorologists used by the oil companies might learn a lesson from the Eskimos. Last summer they reportedly predicted that ice would prevent...
...Howard Bingham Richfield Springs...
...will levy a 50? monthly surcharge on the average household; the bite could rise to $2.50. Industrial users, of course, will pay much more-depending on the amount of gas they consume. The utility will periodically turn over the proceeds, which ultimately will amount to $313 million, to Atlantic Richfield Co. (Arco), the nation's ninth largest petroleum company. Arco will use the money to pay interest and other costs of borrowing funds to develop its big gas deposits on the North Slope of Alaska. In return for the advance of the money, SoCal Gas gets the exclusive right...