Word: stanolind
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...Ohio Oil, the big U.S. oil companies swarmed over Polecat Bench. Last August Phillips Petroleum and Standard of Indiana's Stanolind paid the U.S. Government $1.407,500 for drilling rights on 262½acres of Federal land in Elk Basin-the highest price ever bid for the privilege of putting a drill bit into the ground. Last month Carter Oil, subsidiary of Standard Oil of New Jersey, bought out Denver's Minnelusa Oil Corp., the original discoverer of the Tensleep sands...
...Harrison (Harrison Oil Co.) traded his troubles and his company to the Mag nolia Petroleum Co. for $28,000,000; E. J. Fair and Roy River sold a chunk of their holdings to the Stanolind Oil & Gas Co.; American Liberty Oil Co. sold 25 wells for $1,113,000; Broderick & Calvert sold their West Texas holdings to Phillips Petroleum and Sun Ray Oil for $4,500,000; Buffalo Oil sold Gulf a half interest in north Texas wells for $1,000,000. The list is long-and in an oil short world-depressing...
...flyer in World War I. Fitted for the risky business of wildcatting, he formed his Shasta Co. in 1925. For 17 years he was glad to take the long odds. But last month he decided he could not buck the new war regulations. He sold Shasta Co. to Stanolind for $750,000. Said he bluntly: "The present trend of bureaucratic control will result in the elimination of the independent operator. A price increase would definitely help the independent operator carry...
...trip from Jersey City, N. J. to Whiting, Ind., at the foot of Lake Michigan. There it will be stood on one end, and, towering Soft., will serve as a low pressure evaporator tower for distilling crude oil for Standard Oil Co. of Indiana ("Stanolind"). Construction and delivery of the tank was accompanied by a great shattering of records. It is the biggest oil evaporator tower in existence. Best man to build it, Stanolind found, was Morris W. Kellogg of Jersey City. From Lukens Steel Co. Mr. Kellogg ordered the longest slabs of special steel any fabricator ever turned...
...annealing furnace, where oil burners made it red hot. Workmen inched the completed 230-ton tank out of the Kellogg shop and onto two of the ten longest (55-ft.) flatcars in the world. Railroad curves, bridges and tunnels between Jersey City and Whiting did not permit freightage of Stanolind's tank. So the Lehigh Valley R.R. hauled it two miles to the west bank of the Hudson. All traffic on the railroad had to stop while this went...