Word: bbl
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...French company's first Soviet contract was for 70,000 metric tons of oil. The new contract is for 300,000 metric tons (about 2,250,000 bbl...
...which is kept at about 900° F. heat and under great pressure. Dubbs's invention: making the oil compress itself. Suddenly this heated and compressed oil passes into an insulated chamber. There it breaks down into gasoline. The latest Dubbs "cracking" unit will convert 3,000 bbl. of oil per day, making 60% or more high-test antiknock motor fuel...
...Deal. When Dubbs's "cracking" was perfected, President Halle began in 1922 to grant oil companies rights to use Dubbs's patent and pay him royalties. Last year some 250 scattered units "cracked" about 40.000,000 bbl. of gasoline from the residue of crude oil left when other refining processes in use had finished. Among the operating companies were Standard of California and Shell Union; the royalties they had to pay were tremendous. So a holding company for them, called United Gasoline Co., negotiated to buy Universal Oil Products for $22,249.999. Halle, Dubbs, et al and most...
...properties of the late Thomas B. Slick, "King of Wildcatters," is his widow, daughter of a vice president of St. Louis-San Francisco Railway. Last week on land belonging to the railroad, and on which is located a roundhouse, the Slick interests brought in a well yielding 50,000 bbl. of oil and 4,000,000,000 cu. ft. of gas daily...
...Grace Bryan Hargreaves, second daughter of the late William Jennings Bryan, was happy when her oil well, "Grace Bryan No. 1," gushed in with a flow of 4,500 bbl. per day at Venice, Calif., making her one of the biggest operators in the field...