Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Cutback. What Thompson's move 'did mean was that he had finally been able to win what Texas independents want-promise of a cut in crude imports (now some 820,000 bbl. daily), giving Texas a bigger share of the domestic market. That ambition had been implicit in Thompson's Washington testimony. The way to supply Europe was not to increase production, he said, but to make major refiners cut back imports of Venezuelan crude, ship it direct to Europe...
...Though Texas had to be paid off before it moved, the resulting production boost will solve some problems for oil lifters. Jersey Standard Oil President M. J. Rathbone told a House committee that in order to get 1,365,000 bbl. of fuel oil for Europe, his buyers had to accept a tie-in deal from three refiners for 302,000 bbl. of "unwanted" gasoline. Yet so far, testified Rathbone, Jersey Standard has tailored its lift to Europe's needs, shipped 20 million bbl. of crude, only 431,000 bbl. of gasoline. Asked the probers: Was the recent boost...
From under the white sands along the Persian Gulf two new oil wells gushed up 4,400 bbl. a day last week. The twin strike, in the Wafra field of the 50-mile-square Neutral Zone between Kuwait and Saudi Arabia, meant more than just a new source of oil. For Wafra, it pushed output above 50,000 bbl. a day and increased estimated reserves to more than 5 billion bbl. For a tall, stoop-shouldered American named Jean Paul Getty, it was a multimillion-dollar payoff on a daring gamble...
...reserves to mold an integrated oil empire. In 1949 he bought the oil rights to Saudi Arabia's 50% interest in the Neutral Zone. The price: a sky-high $9,500,000 plus a minimum $1,000,000 a year for three years -against royalties of 55? a bbl. Then Getty pumped $3,000,000 into exploration and development. Not until 1953 did a showing of oil come up from 3,500 ft. to indicate that his gamble would pay. That year the zone produced 7,559 bbl. of crude. In 1954 it zoomed to 2,977,094 bbl...
...Richest? Now Getty is taking the last step toward a fully integrated oil empire that will run from producing field to gas pump. Tidewater will soon finish a $200 million refinery on the Delaware coast, and by May the plant will be producing 130,000 bbl. of gasoline and fuel daily. It will also have one of the world's biggest single fluid catalytic crackers (processing: 102,000 bbl...