Word: wormer
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Dates: during 1960-1969
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...Hole. Costly seismic surveys that backers now insist on have also tended to add to wildcatters' expenses. Oil has become harder to find in the continental U.S. as obvious geological structures have been exploited. Since 1963, Wildcatter Carl W. Van Wormer, who was once worth $300,000, has drilled 20 consecutive dry holes and has moved from a suite of four offices into a cubbyhole in Houston. Keegan Carter, of Kilgore, Texas, last hit oil three years ago. The whole town of Kilgore is in an economic decline, as are such once-wealthy wildcatting communities as Overton, Henderson...