OIL: Shooting It Out

California's Lane-Wells Co. has the combination to a safe packed with black gold. It specializes in getting oil from wells that have run dry. By literally shooting out the oil with a gadget called a gun perforator, Lane-Wells has increased the yield of U.S. wells by an estimated $200 million. Last week, with demand for oil at a peak, the company was booming as never before. For five consecutive months, it has grossed more than $1,000,000 a month. With a second-quarter net of $1,143,200, Lane-Wells was earning around $6 a share, about four times its prewar rate.

Electric Trigger. The...

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