Word: texaco
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Dates: during 1980-1989
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...fireball shot 1,000 ft. into the air. Windows shattered and burglar alarms were touched off for miles around, and residents of communities almost 100 miles away reported that their homes shook. In the predawn hours last Friday, a thunderous explosion ripped through three towering gasoline tanks at a Texaco storage facility in Newark. The blast killed one man and injured 21 others. After using water and foam to contain the blaze, hundreds of fire fighters watched as the giant vessels slowly began to burn themselves out. By daylight the tanks, filled with some 3.4 million...
...Santa Maria basin off Point Arguello, Calif. Now that money looks like the down payment on a bonanza. Last month Phillips and Chevron announced that a test well had brought in a gusher, and expectations were heightened by several other successful drillings near by. Then last week Texaco confirmed the existence of a major oilfield by announcing crude flows from an 8,500-ft. well. Experts now say that the Santa Maria basin could be the biggest single find in the U.S. since 1968, when reserves were discovered on the North Slope of Alaska that have now been estimated...
...Just last week a Chevron vice president declared that the new field could contain up to 300 million bbl. Other industry estimates put it as high as 500 million bbl., and one Government expert says the ultimate potential could be 1 billion bbl. Such heady forecasts have drillers scrambling. Texaco is already operating the Glomar Atlantic, a drillship, in the area, and Phillips has dispatched a rig from Africa's Ivory Coast to help with the exploration. Last week Exxon requested federal permission for a $3 billion project to boost production at Santa Ynez, a separate oil deposit only...
...Wall Street late last summer, it has not made a big difference in the oil companies' stocks, which are currently out of favor with investors. Though the Dow Jones industrial average has risen 27.7% since July 30, Phillips is up only 22.8%; Standard Oil of California, 20.8%; and Texaco...
...cobra jet creepin' through the nighttime"), and he is the only writer around who can get a good, funny love song out of a date where the lovers eat fried chicken from Bob's Big Boy and wipe their fingers on a Texaco road...