OIL: Benedum Drills Again

Rough, rich, resourceful Michael L. Benedum, the world's No. 1 wildcatter, now aged 72, is hard at it again. In West Virginia last week his fast-moving agents got the last signature on oil leases sewing up 200,000 hilly acres, bordering 35 miles of the Ohio River southward from Sistersville.

To oilmen this move is something worth watching, for Mike Benedum is the luckiest wildcatter ever. With a $500 grubstake and more nerve than a circus trapezist, he got into the oil business in the '90s. In no time at all he made a...

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