In the desertlike copper-and-cattle country of east-central Nevada, Shell Oil last week struck oil, the first well in the state. Thus, after years of search and 75 dry holes, Nevada was on its way to becoming the 29th oil-producing state. In a four-hour production test, Shell's Eagle Springs No. 1 gave up only 30 bbls. of commercial-grade oil. But geologists talked enthusiastically of a big pool down below, and there was an oil rush on in the state.
Shell had played its strike carefully, but oilmen got a hint that something was in...
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