Word: sulphur
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Dates: during 1950-1959
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...1920s he joined Galveston's W. L. Moody III, whose father was one of the world's richest men, in creating a mammoth oil, gas and sulphur empire. Cooking deals like popcorn, Odie was one of the founders of Texas Gulf Producing Co., which has large oil reserves in the Gulf states, was one of the powers in what is now Freeport Sulphur Co. He and Moody developed and owned the famed Hugoton natural-gas field in southern Kansas and Oklahoma-"a deal," says a friend, "that has never been equaled in the world -it was worth...
...Science Foundation announced happily that it had awarded a contract to Associated Universities, Inc. for the construction of the nation's largest radio telescope in what proves to be the quietest town in the eastern U.S.-little (pop. 100) Green Bank, W. Va., 50 miles northeast of White Sulphur Springs...
...withstand stormy waters on its exposed offshore location, Freeport will have to erect a drilling platform 60 ft. above the water. Using a method it pioneered, Freeport will pump superheated (330°) salt water down to the rock-imbedded sulphur, melting the mineral and forcing it toward the surface, from where thermos barges will haul the liquid sulphur 25 miles to Port Sulphur...
Freeport's new production should put it just a pace behind Texas Gulf Sulphur (1955 production: 3.2 million tons v. 2.1 million for Freeport). Both companies carefully guard their reserve estimates. But some industry experts already guess that Texas Gulf Sulphur has been passed in total reserves by Freeport, which has an estimated 50 million to 60 million tons of sulphur buried along the Gulf coast, not counting the Grand Isle bonanza, which may produce up to double its expected 30 million tons...
...Freeport also got sulphur rights on two adjoining underwater Humble domes. Sulphur has already been found in one of them, while Freeport will continue the exploration started by Humble in the other...