Word: tortuguero
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...remote, jungle-hemmed beach of Tortuguero, south of Veracruz, a handful of Mexican and U.S. oil drillers slapped each other's backs and shouted with hoarse joy. A few weeks ago, boring at an angle to a depth of 6,000 feet under the warm waters of the Gulf of Mexico, their rig had tapped a pool of rich green-black petroleum. Last week Tortuguero No. 1 surged into test production at a steady 500 barrels...
...Tortuguero was the first producing well to be explored and drilled in Mexico with U.S. capital since ex-President Lázaro Cárdenas expropriated foreign oil companies' properties in 1938. The well contributed its bit to the rise in Mexican oil production, which has soared from an average 130,000 barrels daily in 1946 to an all-time record last fortnight of 229,000 barrels...
...Veracruz, Tabasco and Campeche for exploration and drilling. After payment of their expenses, the Americans will collect 15 to 18¼% of the new wells' income for 25 years. C.I.M.A. hoped to bring in a gusher in Campeche before the end of January, expected to start drilling on Tortuguero No. 2 in a couple of weeks...
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