“Wealth,” she said in a 1983 interview with Parade magazine, was “sort of like having good looks: It’s not something you’ve earned, but you don’t go out and scar your face, either.”

— Caroline Rose Hunt, the late Texas daughter of H. L. Hunt (1923-Nov. 13, 2018), who inherited hundreds of millions, as quoted in The Wall Street Journal

The TER Buzz:

Cushing-to-Houston Pipeline Open Season

December 12, 2018

 

Open season is underway for Tulsa-based SemGroup Corp. and Denver’s DCP Midstream LP to solicit binding commitments for development of a pipeline system to transport segregated batches of light crude oil from Cushing, Okla., to Houston….
 

George H. W. Bush Confronted Many Energy Issues

By Alex Mills

 

Fate, in some respects, was not kind to George H. W. Bush, who died last week in Houston.

Of course, fate did shine on the 41st President of the United States when, as a Navy fighter pilot in World War II, he was shot down and later rescued from the waters of the Pacific Ocean.

Fate was also shinning on him as the son of a successful U.S. Senator, Prescott Bush of Connecticut.

After graduating from Yale in 1948, he and his bride, Barbara, left the somewhat safe confines of the East Coast for the wide-open spaces of West Texas to become an oilman.

He started at the bottom learning the industry’s service sector and later as a landman and independent producer in Odessa. As success followed success, Bush decided to move to Houston and began drilling offshore wells under his company name of Zapata Petroleum Corporation….