One of the world's great oil pools lies in the underwater tidelands of the Gulf of Mexico. To tap it, Humble Oil & Refining Co., a Standard Oil Co. (NJ.) subsidiary, went 7½ miles out to sea, built an island of steel and started drilling through the Gulf floor. Last week, Humble announced that it had brought in its first big tidelands well, a strike that produced 887 barrels of oil a day before it was choked back.
To find it, Humble put its wildcat crews in boats and pioneered some radically new techniques. Its geophysicists cruised the Gulf...
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