Word: shellful
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Dates: during 1970-1979
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...Texaco's news is encouraging to the 39 companies that have spent more than $1 billion on lease purchases in the area. Since drilling began last March, Shell and Continental have reported dry holes. Now at last, all the deep water gamblers can afford to be more optimistic that their wagers will eventually...
Concert: Harvard Summer Pops Band, conducted by Thomas G. Everett. Hatch Shell, Charles River Esplanade. Free...
...mount the new missiles on railroad tracks in covered trenches so that the Russians could never know precisely where they were. But it was found that such a rail system might itself be penetrated. Another possibility is being promoted by the Defense Department. It is a kind of shell game called MAP (multiple aiming points). For each of 200 Minuteman ICBMS there would be not one underground silo but 20, of which 19 would be empty. The 200 missiles would secretly be shuttled among the 4,000 holes, making them less liable to surprise attack. But Vance, Warnke and other...
...black gold offshore are 1 in 10-and there have been a lot of losers. Last month Continental Oil Co., having drilled a 12,000-ft. dry hole in the Baltimore Canyon off the Jersey shore, capped the test site and wrote off the $4 million loss. Last week Shell Oil, along with eight partners, having drilled deeper (14,000 ft.) and spent more ($6 million) at a nearby site, said that it too had struck a "duster...
...incurable gamblers that they are, oilmen seldom quit. Shell is moving its rig southward and, along with a group of 18 partners, will sink a second well, to a planned 16,000 ft. Mobil, Exxon and Texaco are pressing ahead with test borings of their own. They recognize that a few disappointments should not cause them to give up the search at sea. So far, only two test wells-the Conoco and Shell dry holes-have been drilled to completion in the Baltimore Canyon. By comparison, at least eleven were sunk into Alaska's North Slope before a good...