THE BATTALION Page 3
TUESDAY, APRIL 29, 1980
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Exec says people
need setof values
Dunvood Chalker, the Texas Business Executive of the Year,
spoke to about 150 students in Rudder Theater Monday. Chal
ker, who is chairman of the board and chief executive officer of
Central and South West Inc. of Dallas, discussed maintaining
high standards and developing a personal set of values in the
business world.
by CATHY SAATHOFF
^ Battalion Staff
The Texas Business Executive
of the Year told Texas A&M Uni
versity business students Mon
day that they should adopt high
standards for themselves and
their co-workers in the business
world.
“My views are simple, but they
are essential as a firm base on
which to build,” said Durwood
Chalker, who was honored as the
first TBE of the Year by the Texas
A&M University College of Busi
ness Administration and Texas
Business Executive magazine,
which is published by the college.
Chalker is chairman of the
board and chief executive officer
of Central and South West Inc. of
Dallas, which is one of the largest
utility holding companies in the
southwest.
Chalker told about 150 stu
dents in Rudder Theater to have a
personal set of values and stick to
those values.
Each of us must operate on
the day-to-day basis with person
al convictions that remain stead
fast and strong,” the 1950 Texas
A&M graduate said.
Ethics, integrity, convictions:
they are things which truly sepa
rate achievers from the rest of the
pack.”
Chalker said it is important for
employers to keep communica
tion lines between themselves
and their employees open.
1 believe it is to the company’s
benefit and to the employee’s be
nefit to conduct business open
ly,” Chalker said, “to let the em
ployees know what’s going on and
why. ”
Chalker is in a position of man
aging over 8,000 employees in
four states. It is sometimes hard
to do, he said, but each employee
must he viewed in “the harsh
light of his contribution to the
company- ”
This may sound cruel, but it is
part of management,” Chalker
said.
16th century shipwreck
exhibit brings artifacts, film
A traveling exhibit of 16th century
Spanish ship wrec ^ antiquities is
coming to Texas A&M University.
“Treasure, People, Ships and
Dreams” comes to the Rvidder Ex
hibit Hall Wednesday for a month
long visit through Saturday, May 31.
A reception and film about the ex
hibit, “Graveyard of the Gulf, will
be held tonight at 8 p. m. fo 701 Rud
der Tower.
The traveling exhibit of 16th cen
tury Spanish antiquities recovered
from ships sunken off the Texas coast
has been set up to preserve the herit
age of Texas and its people.
The exhibit traces the voyage from
its beginning, as the ships sail from
Spain, to a tragic end in the Gulf of
Mexico, and includes artifacts and
displays to illustrate the everyday
life of the ships’ crews.
The food, entertainment and daily
tasks of the sailors are illustrated
with artifacts recovered from the
sunken ships.
The exhibit includes cannon bar
rels, silver coins, an anchor, a cross
bow and the oldest known existing
astrolabe, an ancient, compact in
strument used to plot a course by
observing the stars.
Text, photos, drawings and maps
give a background of the ships which
were wrecked off Padre Island in
1554, plus specifics about the excava
tion and conservation of the artifacts.
Mobil engineering supervisor says
federal rules cause energy crisis
Sponsored by the Institute of Nau
tical Archaeology, the Texas A&M
University College of Liberal Arts
and the Sea Grant College Program,
the exhibit is on loan from the Texas
Antiquities Committee.
When not on tour, the exhibit is
housed at Washington-on-the-
Brazos near Navasota.
Group tours are available by
appointment seven days a week, and
may be arranged by calling the Insti
tute of Nautical Archaeology at 779-
3880, ext. 339.
The exhibit, as well as the film and
reception, is open to the public and
there is no charge for admission.
PIRANHACON I
A reel value...
COMING THIS WEEKEND
A presentation of
MSC Aggie Cinema
by JANA SIMS
Battalion Staff
A plant engineering supervisor for
Mobil Oil Corp. said he believes the
source of the energy dilemma is gov
ernment regulations.
Travis L. Crouch, sponsored by
(he Texas A&M Student Advocates
of Free Enterprise, talked with ab
out 20 students Monday in Harring
ton Center on current energy prob
lems from the stand point of oil com
panies.
The solution to the energy prob
lem, Crouch said, is to find more
domestic oil and gas reserves. But,
he said, the government is dampen
ing the incentive to develop new re
sources with continuing regulations,
like the Windfall Profits Tax.
The $227.3 billion windfall profits
tax, which Crouch called an excise
tax, taxes old and new oil. Crouch
said old oil will be taxed 70 percent
on anything realized above a $12.81
per barrel price.
Stripper oil, Crouch said, will be
taxed at 60 percent on anything
above a $15.20 per barrel price, and
new oil will get taxed at 30 percent
on anything above $16.55 per barrel
price.
“They set these prices,” Crouch
said, “and are going to tax away sub
stantial amounts of anything above
that, and right now we re paying
OPEC (Organization of Petroleum
Exporting Countries) $29 dollars a
barrel, and on the open market it can
get as high as $40 or $50 a barrel.
“So they’re still not letting the
price of crude, particularly new
crude — crude we’ve got to go and
discover — flow to a free-market
value price that gives us the incen
tive to want to go out and take some
of the risk.
Concerning this risk, Crouch said
the new-field wildcat success rate
between 1970 and 1977 was one of
every eight holes drilled, with a cost
of $1 million to $3 million per hole.
Citing costs and the lack of easily
drilled areas, Crouch detailed the
production expenses of a three-
platform field about 110 miles south
of Galveston in 350 feet of water.
In 1973, the lease cost $100 mil
lion. Another $152 million was spent
on exploring wells, drilling the de
velopment wells and setting the pro
ducing equipment.
“On Sept. 29, 1979,” Crouch said,
“we produced the first drop of oil and
gas off that platform. That’s $252 mil
lion we had invested and six years
later we finally produced some oil.
What I m trying to point out
there, he said, “is that it’s going to
take a bunch of those $252 million
platforms to ever come close to re
lieving our dependency on foreign
imports.
ZACHARIAS
GREENHOUSE
dub & same parlor
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BACKGAMMON
TOURNAMENT
TONIGHT 8 P.M.
1201 Hwy. 30 in the Briarwood Apts., College Station 693-9781
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MSC Political Forum
presents
Republican Presidential
Candidate
GEORGE BUSH
speaking on:
“The 80’s:
A Decade of Decision”
THURSDAY
1:15 p.m. May 1, 1980
Rudder Auditorium