Word: shepherd
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...scion of an old Virginia fox-hunting family, Marine Corps Commandant Lemuel Cornicle Shepherd Jr., 58, took a day off from his official duties, rode off across the Virginia hills with a Warrenton hunt. The chase went merrily until General Shepherd's horse stepped in a hole and took a header. Although he rolled clear of his mount, much-wounded (four Purple Hearts) Marine Shepherd got up with a broken collarbone, was mending nicely at week...
Uranium fever struck Oklahoma last week, carried there by a Texas wildcatter named Samuel Labon Shepherd. Eight months ago Oilman Shepherd was checking land in Nowata County in northeastern Oklahoma with a scintillator, an electric gadget used to find oil as well as uranium. Around him were wells producing oil by the waterflood method, in which oil is recovered by pumping water into the ground, thus increasing the underground pressure and forcing oil up the well. On the surface, the oil and water are separated, and the water is passed through a sand filter before being recirculated through the well...
Near one of the sand filters Shepherd got a surprise: his scintillator needle indicated high radioactivity. Shepherd scooped up some filter sand and shipped it off to the Atomic Energy Commission's office in Grand Junction, Colo. AEC reported that the sand contained up to 0.75% uranium, almost four times as rich as minimum commercial ore. The uranium, said AEC, was being deposited in the sand by water. But since sand is a poor concentrator, it was probably catching only about 20% of the uranium in the water...
...Shepherd mixed some coal, a good uranium concentrator, with the sand in one of the oil-well filters. When he sent the filter coal to the Atomic Energy Commission after a few weeks, he got the report that it was several times as rich in uranium as the sand. Shepherd then took some shallow-core samples of the rock in one section of Nowata County and shipped them off to AEC. The assays showed a uranium content well above the lowest commercial grade...
Radioactive Rumors. Keeping his find to himself, Shepherd began buying leases and options on land in Nowata County and started negotiations to buy from Whitehill Oil Corp. several thousand acres where he had found radioactive filters. But two weeks ago that deal fell through. Reason: Climax Molybdenum Co., one of the nation's biggest uranium producers, bought Whitehill-and rumors started running around Wall Street of a big uranium find. In a declining market (see below), Climax stock scooted up six points, to 63¾. Climax, which already has an active waterflood oil division, insisted that it bought Whitehill...