Twenty years ago, big oil companies began putting the chancy business of oil discovery on a semi-scientific basis. Scouring the earth's surface with geologists and expensively equipped seismographic crews, they played no hunches, never drilled until they found indication of oil-bearing structure. These methods have vastly lowered the percentage of dry wells drilled. But many an important field (like "Dad" Joiner's huge East Texas discovery in 1930) is still brought in by wildcatters.
Most successful wildcatter in the U. S. is young, tough Glenn H. McCarthy. His glib boast: he drills wells...
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