Business & Finance: Slick's Bet

Great petroleum corporations hold meetings to control oil production; independent oil drillers, bound by no agreements, continually threaten petroleum's equilibrium. Thus last week it was reported that Oilman Thomas B. Slick (King of Wildcatters) had made a bet. Driller Slick, who last month (TIME, March 25) sold oil fields yielding 34,000 barrels a day to Prairie Oil & Gas Co., wagered that within a year he would again be largest U. S. individual oil producer. In addition to some $35,000,000 obtained from Prairie, Mr. Slick also has 525,000 acres of leased undeveloped...

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