, 1922-05-03

LARGE OIL COMPANY
Organized with Small Capital
READ THE FOLLOWING LETTER AND SEE HOW THE PARAMOUNT
PETROLEUM SYNDICATE WAS ORGANIZED
ThermopoIs. Wyoming. April 18Th 1922.
Elk Basin. Wyoming.
Dear Lee:
We have grouped together some acreage so we'll located that / honestly
believe the law of average will take careo of us.
Many years ago the United States Government withdrew from oil lea-
ton and entry an oil structure that they believed had value for same up in
Washable County, Wyoming, and chas. Luptof, a geoogst then o the gov
eminent Geological staff, named it bud Kimban" l suppose after Bud Kim
was nt until the leasing bill had been passed o February Is 1o2o. regula,-
INF the way in which lease could be pr@pGted with any degree of certain
ty as to title
Some local men who had worked or this structure and who had watched
the action Of Congress from day to day while the bill vas being passed, sailed
out to the ground on the afternoon of February 10th, 1920, and posted a o
tiet thereon which gave them prior right over all other applicants they being
Although these men saw the opportunity TO make themselves rich, they
were not financially able to go "a the land and drill al oil well, 50 during the
time their attorneys in Washington were getting their permit through they
looked around for a substantial operator to develop their property for them,
OF course the drilling Of the test we'll is Of such a burdensome task. as G
D. Markham agrees to furnish everything and drill the hole through all the
Oil bearing sands for s24ooooo. but, of course, you know it will be necessary
to spend more money than that For instance you will recall that when /
first entered the Hamilton Dome field. which had only on well o. it at that
time. there ws spent on our property more than 100000 before our re-
turnsb began to come in. In mentioning Hamilton Dome, 1 don't var you TO
think 1 am comparing it with Bud Kimban" First, the oil sands in TamnE
i've to reach as those in Bud Kimban" second. we only had 100 acres p
Hamilton Dome, and there is 1900 acres N the structure in Bud Kimbal
HentNN SGnSS 1S3 f.o"I
ly, in order to play as safe As m can in the oil business We have Sent
Bruce Murphy. A local geoiogist who has been on the Geological Staff of the
Ohio OfCompany TO work III the structure and give us a unbiased report
omit Taking for granted as we do that his report will be favorable
Now, Lee, the following is a synopsis of Bud Kimban': We HAYES sent
1y the entire structure offered to us n a 21l% royalty Markham viii
drill a test well, furnishing everything, for a fat SUI of s24ooooo< If We
get OIL tn proposition is big enough to make a lot et men all the money
they want ~ -
VA also have offered US a 12A% royalty 90 acres in the heart of
Murphy Dome, and when / say heart" / do lot mean to me side, asn most
hearts" are. but this acreage is right square on top There is a gas we'll on
the property now, which was drilled by the Ohio Oil Company go
% Since the gas well, which is estimated to make over 100000 cubic feet
M a day, vas drilled right on top of the structure and the "a contain a large
per cent offs gasoline, it reasonable to assume, as predicted by prominent
biologists, that farher down o n the flank of the structure large flows of oil
will be encountered This structure will take care of ITSELF and w do not
need to spend any money developing.
We have secured a IN assignment If a government permit on 800 acres in
the Lost Soldier oil field oil a 12A% royalty. This field is attracting more
attention at this time than any district along the Union Pacific 1 talked to
Nh. E R Good, an oil operator from RawIns and he told m lie that the Lost
Soldier field looked like another Salt Creek to him. There ARE oil wells on
the west, to the south to the east and gasw wells to he east of our acreage.
Iii from this district that the proposed pipe line into Denver will secure
its gas Its nw supplying "a to the own IF Casper and the Casper refn-
cries. The oil pipe line leads from this district 10 the town of Fort Steel
/ honestly believe, Lee that when you have had time o go into this pro-
position thoroughly that this is a proposition seldom found, and one which
VIE cannot only make % money for ourselves II of, but w can acquire
her the greatest asset a man can have-FRIENDS-lasing friends Of those
who join us in this enterprise.
AS you mentioned in our previous conversation that you wished Terry E.
Barehed at Elk Basin to join usI will suggest that you Immediately get in
touch with him, as consider him a capable oil operator which will make him &
a wonderful man for this organization. Woodie and agree with you that
tbs lot necessary for us to hold ut only promotion stock, because if Bud
Kimban" comes in as good as predicted or personal 100 acres on the struc-