Word: drills
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...with a touch of bitterness occurred at the Yale game in New Haven in 1940. At halftime things weren't quite so well organized then a group of three students rushed onto the field to present a playlet in which President Conant was represented as engaged in solitary military drill until a chemical retort was substituted for the gun he was carrying. The slogan of the group that put on the act was "Books, not Gups." Conant was not at the game, but he says now "If I had been it would have been hard to sit there. That...
...Since war's end, U.S. oil consumption has risen 60%, from 4,912,000 barrels a day to 7,915,000, and is continuing to rise on an average of 7% a year. To keep pace, the oil industry spent a record $3 billion last year, drilled more wells (44,516) than ever before, and proved up 2.2 billion more barrels of new oil reserves than the nation consumed during the same period. To meet the still greater demand this year, the industry will spend an alltime record of $3.9 billion, drill 45,446 new wells...
Since the best way to find new oil is to drill unproved territory, one out of every four of these wells will be a wildcat. Every wildcat, costing anywhere from $50,000 to $1,000,000, will be a gamble with 8-to-1 odds against...
...Substitutes. Along with the new fields, the industry's greater knowledge and growing technology have enabled it to get still more production out of oil fields. Some, like California's Ventura, had been thought exhausted. Shell has proved up new reserves by drilling its old Ventura wells deeper. Oilmen are now drilling through the bottom of old wells in South Texas, looking for deeper pay sands. Use of gravity-meters and perfected seismograph techniques now enable prospectors to pinpoint formations which could contain oil. But to find out whether oil is there, no substitute has been found...
...throng that he was parceling out 4,500 acres of Bronte to 650 peasant families on easy-to-pay-installment plans or cheap 99-year leases. The Archbishop of Catania came down to give the church's blessing to the transfer. The local carabinieri staged a joyful military drill. The viscount, a tall, blue-eyed man of 41, happily signed the necessary papers. "This is a reward for the honest and solid work of those who for years have given their best," he said. "Simply an act of humanity...