OIL & GAS: Millions from a Trillion


Harry Jay Mosser is a short, rumpled, publicity-shy Texan who has quietly piled up a fortune of $100 million by sniffing out oil on land that no one else wanted. This week he was preparing to pile up another fortune, based this time on his nose for natural gas. His Associated Oil & Gas Co. announced that it has proved up perhaps the largest untapped gas field in gas-rich South Texas. Estimated reserves: a trillion cubic feet. But that was only Harry Mosser's opening card; he also announced a contract to sell 800 billion cu. ft. of gas...

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