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Source Description
This file contains:
Joanne Lemon to Nixon re: Catherine Payne No. 1 SW/4 section 28-27N-8W and Albright W/2 SE/4 Section 32-27N-8W, correcting division order, with attachments. 3 pages. [Letter], 8/3/1967
Jack James to All KWB interest owners re: payment processing explanation, with attachments. 8 pages. [Letter], 7/25/1967
Joseph J. Lawnick to Nixon re: KWB April 1967 monthly operations report West Hawley Field, with attachments. 2 pages. [Letter], 6/2/1967
C. Arnold Brown to Nixon re: 1967 Albright & Payne lease outlook. 2 pages. [Letter], 5/18/1967
Joanne Lemon to Nixon re: dropping Lies lease and expiration of schreiner B&C leases. 1 page. [Letter], 5/11/1967
Russell Lund to Nixon re: additional oil leases. 1 page. [Letter], 5/7/1965
Joseph J. Lawnick to Nixon re: KWB March 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 4/21/1967
C. Arnold Brown to R. James Gear re: releasing Scheiner B lease. 1 page. [Letter], 3/21/1967
Joseph J. Lawnick to Nixon re: KWB February 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 3/29/1967
Joseph J. Lawnick to Nixon re: KWB January 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 3/16/1967
Nixon to Russell Lund re: buying into two off-set wells in Mulberry tract. 1 page. [Letter], 3/31/1967
Nixon to Russell Lund re: buying into two off-set wells in Mulberry tract, photocopy duplicate. 1 page. [Letter], 1/31/1967
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26126254
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WHSF: Returned, 10-5
core
doc
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document
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pageCount
1
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26126254
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document
title
WHSF: Returned, 10-5
description
This file contains:
Joanne Lemon to Nixon re: Catherine Payne No. 1 SW/4 section 28-27N-8W and Albright W/2 SE/4 Section 32-27N-8W, correcting division order, with attachments. 3 pages. [Letter], 8/3/1967
Jack James to All KWB interest owners re: payment processing explanation, with attachments. 8 pages. [Letter], 7/25/1967
Joseph J. Lawnick to Nixon re: KWB April 1967 monthly operations report West Hawley Field, with attachments. 2 pages. [Letter], 6/2/1967
C. Arnold Brown to Nixon re: 1967 Albright & Payne lease outlook. 2 pages. [Letter], 5/18/1967
Joanne Lemon to Nixon re: dropping Lies lease and expiration of schreiner B&C leases. 1 page. [Letter], 5/11/1967
Russell Lund to Nixon re: additional oil leases. 1 page. [Letter], 5/7/1965
Joseph J. Lawnick to Nixon re: KWB March 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 4/21/1967
C. Arnold Brown to R. James Gear re: releasing Scheiner B lease. 1 page. [Letter], 3/21/1967
Joseph J. Lawnick to Nixon re: KWB February 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 3/29/1967
Joseph J. Lawnick to Nixon re: KWB January 1967 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 3/16/1967
Nixon to Russell Lund re: buying into two off-set wells in Mulberry tract. 1 page. [Letter], 3/31/1967
Nixon to Russell Lund re: buying into two off-set wells in Mulberry tract, photocopy duplicate. 1 page. [Letter], 1/31/1967
citationUrl
collections
Richard M. Nixon's Returned Materials Collection
Returned White House Special Files
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26126254
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Richard Nixon Presidential Library
White House Special Files Collection
Folder List
Box Number
Folder Number
Document Date
Document Type
Document Description
10
5
08/03/1967
Letter
Joanne Lemon to Nixon re: Catherine Payne
No. 1 SW/4 section 28-27N-8W and
Albright W/2 SE/4 Section 32-27N-8W,
correcting division order, with attachments. 3
pages.
10
5
07/25/1967
Letter
Jack James to All KWB interest owners re:
payment processing explanation, with
attachments. 8 pages.
10
5
06/02/1967
Letter
Joseph J. Lawnick to Nixon re: KWB April
1967 monthly operations report West
Hawley Field, with attachments. 2 pages.
10
5
05/18/1967
Letter
C. Arnold Brown to Nixon re: 1967 Albright
& Payne lease outlook. 2 pages.
10
5
05/11/1967
Letter
Joanne Lemon to Nixon re: dropping Lies
lease and expiration of schreiner B&C
leases. 1 page.
10
5
05/07/1965
Letter
Russell Lund to Nixon re: additional oil
leases. 1 page.
Wednesday, June 17, 2009
Page 1 of 2
Box Number Folder Number Document Date
Document Type
Document Description
10
5
04/21/1967
Letter
Joseph J. Lawnick to Nixon re: KWB March
1967 monthly operations report West
Hawley Field, with attachments. 3 pages.
10
5
03/21/1967
Letter
C. Arnold Brown to R. James Gear re:
releasing Scheiner B lease. 1 page.
10
5
03/29/1967
Letter
Joseph J. Lawnick to Nixon re: KWB
February 1967 monthly operations report
West Hawley Field, with attachments. 3
pages.
10
5
03/16/1967
Letter
Joseph J. Lawnick to Nixon re: KWB
January 1967 monthly operations report
West Hawley Field, with attachments. 3
pages.
10
5
03/31/1967
Letter
Nixon to Russell Lund re: buying into two
off-set wells in Mulberry tract. 1 page.
10
5
01/31/1967
Letter
Nixon to Russell Lund re: buying into two
off-set wells in Mulberry tract, photocopy
duplicate. 1 page.
Wednesday, June 17, 2009
Page 2 of 2
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
August 3, 1967
Mr. Richard M. Nixon
20 Broad Street
New York City, New York
Re: Catherine Payne No. 1
SW/4 Section 28-27N-8W
Albright No. 1
W/2 SE/4 Section 32-27N-8W
Grant County, Oklahoma
Dear Mr. Nixon:
Enclosed are Russell T. Lund Oil Trust gas division orders
covering your interest in the proceeds from the sale of casinghead
gas produced from the Payne No. 1 and Albright No. 1 wells. Please
sign two copies of each division order on the spaces marked with a
red "X", have your signature witnessed, pleace your Social Security
Number or Tax Account Number and address on the division orders and
return two copies of each division order to us. You may retain one
copy of each division order for your files.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Joanne Lemon
(Mrs.) Joanne Lemon
/jl
GAS DIVISION ORDER
Date
August 1, 1967
To: RUSSELL T. LUND OIL TRUST
c/o KWB Oil Property Management, Inc.
1125 National Bank of Tulsa Building
Tulsa, Oklahoma 74103
Each of the undersigned certifies and warrants that he is the lawful owner of the interest
shown below in all gas, or the proceeds thereof, produced from the LUND-PAYNE LEASE -
KWB Oil Property Management, Inc., Operator lease, described as
E/2 of SW/4 Section 28-27N-8W
Grant
County, State of
Oklahoma
and
requests that payment be made to him accordingly.
OWNER
ADDRESS OF OWNER
DIVISION OF INTEREST
Catherine Payne (Life Estate)
77.5/80 of 1/8 RI
or 1210938
Elsie P. Best (Life Estate)
2.5/80 of 1/8 RI
or 0039062
Harry Allen Chapman
77.5/560 of 7/8 ORRI or 1210938
Russell T. Lund Oil Trust
15/16 of 465/560 of
7/8 WI
or 6811523
Richard M. Nixon
1/16 of 465/560 of
7/8 WI
or 0454102
Margaret B. Young
1/64 of 17.5/560 of
7/8 ORRI
or 0004272
Sunray DX Oil Company
63/64 of 175/560 of
7/8 WI
or 0269165
Settlement shall be made monthly by mailing or delivering to each of the undersigned
owners, a bank check or draft for the amount due. If it is necessary to gather, compress,
dehydrate or otherwise process the gas to make it acceptable to the purchaser, you are
authorized to deduct the cost of gathering, compressing, dehydrating or otherwise process-
ing said gas. If, at any settlement date the amount payable to any owner shall be less
than Five Dollars ($5.00), you may withhold payment to such owner until the next settle-
ment date prior to which such amount shall have accumulated. Upon permanent cessation of
production, payment shall be made of any amounts due.
Should the interest of the undersigned in the lands covered hereby be unitized with one or
more other tracts of land, this division order shall be deemed to be modified to the extent
necessary to conform with the applicable unitization agreement or plan and all revisions or
amendments thereto, but otherwise to remain in full force and effect as to all other
provisions.
Each of the undersigned agrees to notify you in writing of any change in his interest and
such change shall be effective on the first day of the month following receipt of such
notice. If any limited, reversionary or sliding scale interest is owned or retained by
any of the undersigned, such party relieves you of any obligation to determine if and when
payment for such interest shall commence, change or cease, and further agrees to notify you
in writing when such payment shall commence, change or cease, and to hold you harmless for
any payment made prior to receipt of said written notice.
SOCIAL SECURITY NO.
WITNESSES:
OWNERS
OR TAX ACCOUNT NO.
Rose Hoode
567-68-0515
Richard
M. Nixon
supgly/67
GAS DIVISION ORDER
Date
August 2, 1967
To: RUSSELL T. LUND OIL TRUST
c/o KWB Oil Property Management, Inc.
1125 National Bank of Tulsa Building
Tulsa, Oklahoma 74103
Each of the undersigned certifies and warrants that he is the lawful owner of the interest
shown below in all gas, or the proceeds thereof, produced from the LUND-ALBRIGHT LEASE -
KWB OIL PROPERTY MANAGEMENT, INC., Operator lease, described as
W/2 SE/4 Section 32-27N-8W
Grant
County, State of
Oklahoma
and
requests that payment be made to him accordingly.
OWNER
ADDRESS OF OWNER
DIVISION OF INTEREST
Alva T. Albright and Allie
Albright, Joint Tenants
1/8 of 8/8 RI
or .125000
Harry Allen Chapman
1/8 of 8/8 RI
or .125000
Russell T. Lund Oil Trust
15/16 of 6/8 of 8/8 WI or .703125
Richard M. Nixon
1/16 of 6/8 of 8/8 WI or .046875
Settlement shall be made monthly by mailing or delivering to each of the undersigned
owners, a bank check or draft for the amount due. If it is necessary to gather, compress,
dehydrate or otherwise process the gas to make it acceptable to the purchaser, you are
authorized to deduct the cost of gathering, compressing, dehydrating or otherwise process-
ing said gas. If, at any settlement date the amount payable to any owner shall be less
than Five Dollars ($5.00), you may withhold payment to such owner until the next settle-
ment date prior to which such amount shall have accumulated. Upon permanent cessation of
production, payment shall be made of any amounts due.
Should the interest of the undersigned in the lands covered hereby be unitized with one or
more other tracts of land, this division order shall be deemed to be modified to the extent
necessary to conform with the applicable unitization agreement or plan and all revisions or
amendments thereto, but otherwise to remain in full force and effect as to all other
provisions.
Each of the undersigned agrees to notify you in writing of any change in his interest and
such change shall be effective on the first day of the month following receipt of such
notice. If any limited, reversionary or sliding scale interest is owned or retained by
any of the undersigned, such party relieves you of any obligation to determine if and when
payment for such interest shall commence, change or cease, and further agrees to notify you
in writing when such payment shall commence, change or cease, and to hold you harmless for
any payment made prior to receipt of said written notice.
SOCIAL SECURITY NO.
WITNESSES:
OWNERS
OR TAX ACCOUNT NO.
Rose Mary Thoods
567-68-0515
Richard M. Nixon
Signid cipy (2)
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT. INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
TO ALL INTEREST OWNERS
July 25, 1967
We have received several replies concerning the previous
months balance that appeared on the last monthly joint interest
billing.
I would like to explain the purpose of including the
previous months balance and why it may appear even though your
payment has been mailed.
The previous months balance will appear on your statement
when payment has not been received prior to the date the payments
received information is compiled for machine computing and printing.
This serves the purpose of informing the interest owners of their
unpaid balance, in case payment hasn't been made, and supplies us
with an accounts receivable record.
The date the payments received information is compiled
for machine computing is the fifteenth (15th) of the month. All
payments received after this date will not appear on the statement
and a previous months balance will be shown. If you have made pay-
ment please disregard the previous months balance and that amount
will be deleted from the following months statement.
By your request we will inform you of your current balance
on any given day.
If you have any questions concerning the above, please
contact this office.
Sincerely,
KWB OIL PROPERTY MANAGEMENT, INC.
Jack James
Office Manager
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
JOINT INTEREST STATEMENT
PARTICIPANT
DATE
R M HIADA
06/67
LEASE
DESCRIPTION
YOUR
NUMBER
TOTAL
INTEREST (%)
YOUR AMOUNT
00003
ALORIGHT LEASE
LEASE OPERATIONS
109.00
.0625000
6.81
6.81
*
00004
( PAYNE LEASE
LEASE OPERATIONS
204.00
.0625000
12.75
12.75
*
CORRENT world EXPENSE
+ 19.56
**
PRICE BALANCE /
19.96
19.96 *
39.52
**
8/4/67
#
116
:
KWB
OIL PROPERTY MANAGEMENT, INC.
00003
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
BILLING NO.
JUN 1967
LOCATION
ALBRIGHT LEASE
DATE
07/27/67
SEC 32 T27N RBW
PAGE
1
GRANT COUNTY, OKLAHOMA
VOUCHER
NUMBER
DESCRIPTION
AMOUNT
LEASE OPERATING EXPENSE
06-002 ALFALFA ELECTRIC COOPERATIVE INC
ELECTRIC SERVICE TO 6-20-67
$
5.00
5.00 *
06-003 KWB DIL PROPERTY MANAGEMENT INC
INV #003405 OVERHEAD
50.00
INV #003405 PUMPER EXPENSE
54.00
104.00 *
109.00 **
$
109.00 **
:
CONSUMER'S BILL
RETURN STUB
To Insure Proper
Your Electric Bill is due on the 1st of each month. A 5%
Credit Return This
penalty will be added after the 15th. Failure to receive bill
Stub With Your
does not entitle payment without penalty after the 15th. If
not paid by the 25th, service will be discontinued.
Remittance
METER READINGS
KWH
NET
Previous
Present
USED
CHARGE
TAX
SERVICE TO
NET BILL
4,340
4.760
420 15.00
JUN 20 67
15.00
UNPAID
PREPAID
TOTAL DUE
TOTAL DUE
(Red Figures Denote Credits)
KWB 011 Prop. Manag
ALFALFA ELECTRIC COOPERATIVE, INC.
1125 Nat'l Bank of
115 East Main
Tulsa, OK 74103
Cherokee, Oklahoma
O 50
Lund 1/3
A.C. 918 - LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
DATE
July 5, 1967
Russell T. Lund
1450 West Lake Street
Minnespolis, Minnesota
LOCATION:
INVOICE NO. 3405
Lund-Alberight Lease
Section 32-27N-UW
Grant County, Okahoma
DATE
DESCRIPTION
AMOUNT
June, 1967
Management and Operations:
Overhead for 1 Wall @ $50.00/ Well
$ 50.00
Pumper Expense
54.00
$104.00
KWB
OIL PROPERTY MANAGEMENT, INC.
00004
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
BILLING NO.
JUN 1967
LOCATION
C PAYNE LEASE
DATE
07/27/67
SEC 28 27N 8W
PAGE
1
GRANT COUNTY, OKLAHOMA
VOUCHER
NUMBER
DESCRIPTION
AMOUNT
LEASE OPERATING EXPENSE
06-003 KWB OIL PROPERTY MANAGEMENT INC
INV #003406 OVERHEAD
$
50.00
INV #003406 PUMPER EXPENSE
54.00
104.00 *
06-005 JOHN B DURFEE
PREPARATION OF TITLE OPINION
100.00
100.00 *
204.00 **
$
204.00 **
A.C. 918 - LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
DATE
July 5, 1967
Russell T. Land
1450 West Lake Street
Minnespolis, Minnesota
L
LOCATION:
INVOICE NO. 3406
Lund-Payne Lease
Section 28-27M-8W
Grent County, Oklahoma
DATE
DESCRIPTION
AMOUNT
June, 1967
Management and Operations:
Overhead for 1 Well @ $50.00/ Well
$ 50.00
Pumper Expense
54.00
$104.00
!
RECEIVED
JOHN B. DURFEE
JUL 3 1987
ATTORNEY AND COUNSELLOR AT LAW
NATIONAL BANK OF TULSA BLDG.
TULSA, OKLAHOMA
A W B, INC.
June 30, 1967
KWB Oil Property Management, Inc.
1125 National Bank of Tulsa Building
Tulsa, Oklahoma
Attention: Mrs. Joanne Lemon
IN ACCOUNT WITH
JOHN B. DURFEE
Balance due as per statement of May 17, 1967
$ 75.00 pd
June 29, 1967:
Preparation of Original and Supplemental
Division Order Title Opinion rendered you
and Tulsa Crude Oil Purchasing Company
covering the E/2 sw/4 of Section 28-27N-8W,
Grant County, Oklahoma, consisting of
Tracts Nod. 1 and 2 described in the caption
thereof, based on a review of my Original
Division Order Title Opinion rendered you on
May 11, 1967, covering the SE/4 sw/4 of
Section 28-27N-8W, Grant County, Oklahoma,
and the title opinion and title documents
enumerated therein, covering Tract 2 described
in the caption of said Original and Supplemental
Division Order Title Opinion of June 29, 1967
(41/2 to 5 hours)
100.00
100.00
Total Fees
$ 175.00
Charge to: Lund- C. Payne
Client Lease Well #
AFE #
412
Primary
Approval
25
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
June 2, 1967
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minnespolis, Minnesota
New York City, New York
Re: Monthly Operations Report
April, 1967
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is a summary of operations for your lesseholds in
the West Hawley Field, Grant County, Oklahoma. During April the two
leases produced 1,899 barrels of oil compared to 1,600 barrels for
March and 1,072 barrels for February. Net income for April was $3,611.00
compared to $3,008.00 for March.
Sunray DX Oil Company completed the tie-in for the casinghead
gas and during April gas sales were 521 Mcf from the Albright lease and
1,583 Mcf from the Payne lease. The casinghead gas tie-in will not
only result in increased revenue from the sale of casinghead gas but
the Payne lease oil production will no longer be restricted due to
conserving the casinghead gas. If there are any questions concerning
this summary report, we will be happy to confer with you. We appre-
ciate the opportunity to be of service to you.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Jouph 7 Laumck
Joseph J. Lawnick
Enclosures
JJL/j1
PROFITABILITY ANALYSIS
R. T. LUND - OKLAHOMA LEASEHOLDS
100 PER CENT WORKING INTEREST
APRIL, 1967
GROSS
PRODUCTION
REVENUE
INTANGIBLE
EQUIPMENT
LEASEHOLD
OPERATING
COUNTY, FIELD, LEASE
BARRELS OR MCF
INCOME
COST
COST
COST
COST
NET INCOME
GRANT COUNTY
WEST HAWLEY FIELD
Albright Lease
-Oil
1,046
$2,150
-Gas
521
22
Total Albright Lease
$2,172
$139
$2,033
Payne Lease
-Oil
853
$1,653
-Gas
1,583
68
Total Payne Lease
$1,721
$10
$133
$1,578
TOTAL WEST HAWLEY FIELD
-Oil
1,899
$3,803
-Gas
2,104
90
GRAND TOTAL WEST HAWLEY FIELD
$3,893
$10
$272
$3,611
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
May 18, 1967
Mr. Richard M. Nixon
20 Broad Street
New York City, New York
Re: Lund Albright and Payne Leaseholds
Hawley Field
Grant County, Oklahoma
Dear Mr. Nixon:
Mr. Russell T. Lund has asked us to write you concerning the outlook
for these two wells during 1967. As you know, these are the two wells that were
drilled in the latter part of 1966 and were successfully completed in the
Mississippi zone.
The Payne No. 1 well was initially completed in August, 1966 with a
relatively high initial gas to oil production ratio. After producing this well
approximately four months (cumulative production 4,300 barrels) we learned that
Sunray DX was going to lay a gas line to this area to purchase gas. We elected
to produce the Payne well at a restricted rate in order to conserve gas. When
the line was laid we then would be able to sell the gas that would be lost if we
had continued producing the well. The gas line was finally laid to the area in
March of this year and gas sales started on March 28. At the present time the
well is selling approximately 23 barrels of oil accompanied with 100 Mcf of gas
per day. We anticipate, during 1967, that we will sell approximately 7,200
gross barrels of oil which will generate to the full working interest, after
deducting operating cost and including the gas revenue, approximately $14, 700.00.
Your 1/16 interest will be approximately $918.00. The Payne No. 1 well has
produced approximately 7,000 barrels of oil to date.
As you know, your income from this well has been delayed because we
failed to make the proper assignment of the 1/16 interest from Mr. Lund to you.
This now has been done and the division orders are being prepared. You should
start receiving revenue in the very near future.
The Albright No. 1 well was the first well completed in this area and
is the better well of the two. This well is still capable of producing in excess
of the allowable of 28 barrels of oil per day. Since initial completion, a
pipeline has been laid to the area removing the hauling charges that were necessary
in the early stages of completion. We expect this well, during 1967, to produce
Mr. Richard M. Nixon
- 2 -
May 18, 1967
approximately 9,900 barrels of oil that will generate to the full working
interest approximately $17,500.00 after deducting operating costs. Your 1/16
interest will be approximately $1,090.00. To date this well has produced
approximately 12,300 barrels of oil.
We believe both wells will payout your investment within the next
year and one-half to two years and provide a reasonable profit for you.
We hope the above will bring you up to date concerning the operation
of these two wells. Should you have any questions regarding any phase of the
operation or any of the information that we submit to you, please feel free to
call upon US.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C annel Brown
C. Arnold Brown
CAB/jl
cc: Mr. Russell T. Lund
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
May 11, 1967
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York City, New York
Re: Lies Lease
SE/4 Section 32-S-10W
Stroemel Lease
SW/4 Section 13-32S-10W
Barber County, Kensas
Gentlemen:
The rental on the above-captioned leases are due
May 17, 1967. It is our recommendation that these leases be dropped.
If we have not received and answer from you by May 17, 1967,
we will assume you concur with our recommendation.
Also, we would like to advise you that the Schreiner "B" and
Schreiner "C" leases expired April 16, 1967.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Joanne Lemon
(Mrs.) Joanne Lemon
/j1
Ras:- 927,9711
off:-
8254433
RWB
Regard
RN
(612)
RUSSELL T. LUND
1450 WEST LAKE STREET
MINNEAPOLIS, MINN.
May 7, 1965
Dear Dick,
When I talked to you early this week, I told you
that I would be in touch with you this week end.
The boys in Tulsa have decided to delay the
completion of the well in order to pick up some
of the adjoining acreage. We now have a total
of 800 acres and there is a possibility of leasing
another 280
but once the well is completed and
its success is apparent to everyone, there would
be little hope of leasing any further acreage.
They are allocating 80 acres to this well. This
will bring our allowable up from 43 to 53 BOPD.
Oil of this quality brings a net of $2.50 per
barrel since it has to be hauled.
If we do produce 53 BOPD, this would amount to
about $9,000.00 per year for your one quarter
interest. Of course, a charge will be made each
month for operating the well. The charge varies
but does not amount to a great deal.
Again, I will let you know when there is any
news
Best personal regards,
RTL:P
Russell Jan T. Lund
Richard M. Nixon
20 Broad Street
New York, New York
P. S. Since dictating this letter, I have had a
call from Tulsa advising me that they have leased
160 acres that Joe Wanenmacher mentioned in his
letter
at a cost of $2,000.00.
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
April 21, 1967
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York City, New York
Re: Monthly Operations Report
March, 1967
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is a summary of operations for your leaseholds in the West
Hawley Field, Grant County, Oklahoma. Included in this report is a profitability
analysis and a comparison of lease production between February and March, 1967.
During March, the two leases produced 1,600 barrels of oil compared to 1,072
barrels for February. Net income for March was $3,008 compared to $1,649
for February.
Sunray DX Oil Company has completed the tie-in for the casinghead
gas and during the month of April casinghead gas sales should commence. If
there are any questions concerning this summary report, we will be happy to con-
fer with you. We appreciate the opportunity to be of service to you.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Joseph I Lawrick
Joseph J. Lawnick
JJL/dse
Encl.
ANALYSIS OF LEASE PRODUCTION
R. T. LUND - OKLAHOMA LEASEHOLDS
FEBRUARY AND MARCH, 1967
MONTHLY
PRODUCTION
AVERAGE
GROSS PRODUCTION
INCREASE
DAILY PRODUCTION
CURRENT YEAR
COUNTY, FIELD, LEASE
FEBRUARY
MARCH
OR DECREASE
MARCH
TOTAL PRODUCTION
R
E
M
A
R
K
S
GRANT COUNTY
WEST HAWLEY FIELD
Albright Lease
526
1,422
+ 896
46
2,856
Payne Lease
546
178
- 368
6
724
Total All Leases
1,072
1,600
+ 528
52
3,580
PROFITABILITY ANALYSIS
R. T. LUND - OKLAHOMA LEASEHOLDS
100 PER CENT WORKING INTEREST
MARCH, 1967
GROSS
OPERATING COST
NUMBER OF WELLS
PRODUCTION
REVENUE
REVENUE
NET
REVENUE
OPERATING
EQUIPMENT
NET
PER GROSS
NTY, FIELD, LEASE
BARRELS OR MCF
INTEREST
PRODUCTION
PRICE
INCOME
COST
COST
AFE COST
INCOME
PER WELL
BBL OR MCF
PROD. INJ. SUPPL
COUNTY
VEST HAWLEY FIELD
Albright Lease
1,422
.765625
1,089
$2.6767
$2,915
$130
$2,785
$130.00
$0.09
1
Payne Lease
178
.765625
136
2.5158
342
119
223
119.00
0.67
1
All Leases
1,600
1,225
$3,257
$249
$3,008
$124.50
$0.16
2
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
March 21, 1967
Mr. R.James Gear
Sierra Petroleum Co., Inc.
211 North Broadway
Wichita, Kansas 67202
Re: Scheiner "B Lease
E/2 NE/4 Section 14-32S-10W
Schreiner C Lease
W/2 NE/4 and E/2 NW/4
Section 14-32S-10W
Barber County, Ka sas
Dear Jim:
We will proceed to let the lease rental expire on the
above-captioned tracts. Our records reflect that there is only one
lease left that was held in effect in the 111 fated Sharon Pool
extension. This lease is the Stromel lease, SW/4 Section 13-32S-10W,
and it is our recommendation that when the rental comes due May 17, 1967,
it should also be dropped.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C. Arnold Brown
CAB/j1
cc: Mr. Russell T. Lund
Mr. Richard M. Nixon
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
KENNEDY BUILDING
TULSA, OKLAHOMA 74103
March 29, 1967
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York City, New York
Re: Monthly Operations Report
West Hawley Field
Grant County, Oklahoma
February, 1967
Gentlemen:
Enclosed is a summary of operations for your leaseholds in the
West Hawley Field, Grant County, Oklahoma. Included in this report is
a profitability analysis and comparison of lease production between
January and February, 1967.
During February the two leases produced 1,072 barrels compared
to 908 barrels for January. Net income for February was $1,649 compared
to $1,721 for January.
If there are any questions concerning this summary report, we
will be happy to confer with you. We appreciate the opportunity to be
of service to you.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Joseph J Lawick
Joseph J. Lawnick
JJL/dse
Encl.
PROFITABILITY ANALYSIS
R. T. LUND - OKLAHOMA LEASEHOLDS
100 PER CENT WORKING INTEREST
FEBRUARY, 1967
GROSS
OPERATING COST
NUMBER OF WELLS
PRODUCTION
REVENUE
REVENUE
REVENUE OPERATING EQUIPMENT
PER GROSS
ITY, FIELD, LEASE
BARRELS OR MCF INTEREST PRODUCTION NET PRICE INCOME
COST
COST AFE COST NET INCOME PER WELL BBL OR MCF PROD. INJ. SUP
COUNTY
EST HAWLEY FIELD
lbright Lease
526
.765625
403
$2,6562
$1,070
$254
$ 816
$254.00
$0.48
1
ayne Lease
546
418
1,092
259
833
259.00
0.47
1
'otal All Leases
1,072
821
$2,162
$513
$1,649
$256.50
$0.48
2
ANALYSIS OF LEASE PRODUCTION
R. T. LUND - OKLAHOMA LEASEHOLDS
JANUARY AND FEBRUARY, 1967
MONTHLY
PRODUCTION
AVERAGE
GROSS PRODUCTION
INCREASE
DAILY PRODUCTION
CURRENT YEAR
COUNTY, FIELD, LEASE
JANUARY FEBRUARY OR DECREASE
FEBRUARY
TOTAL PRODUCTION R E M A R K S
GRANT COUNTY
WEST HAWLEY FIELD
Albright Lease
908
526
- 382
19
1,434
Payne Lease
NR
546 + 546
20
546
Total All Leases
908
1,072 + 164
39
1,980
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
NINON ROSE OUTHRIE
COMBYDER 8 MITCHELL
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
RECEIVED
March 16, 1967
By
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York City, New York
Re: Monthly Operations Report
January, 1967
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is the summary of operations for your leaseholds in
the West Hawley Field, Grant County, Oklahoma. Included in this report
is a profitability analysis and a comparison of lease production
between December, 1966 and January, 1967. During January the Albright
lease produced 908 barrele of oil compared to 1,280 barrels for December.
The Payne lease was shut in during January waiting on casinghead gas
connection to preserve the reservoir engery.
Casinghead gas contracts for these leases have been negotiated
with Sunray DX 011 Company. The casinghead gathering system has been
installed and Sunray DX is waiting on compressors to complete the field
gathering system.
If there are any questions concerning this summary report, we
will be happy to confer with you. We appreciate the opportunity to be
of service to you.
Yours very truly,
KWB OIL PROPERTY MANAGMENT, INC.
Joseph I Launich
Joseph J. Lawnick
Enclosure
JJL/jl
PROFITABILITY ANALYSIS
R. T. LUND - OKLAHOMA LEASEHOLDS
100 PER CENT WORKING INTEREST
JANUARY, 1967
MONTHLY
OPERATING COST
NUMBER OF WELL
PRODUCTION
REVENUE
REVENUE
NET
REVENUE
OPERATING
EQUIPMENT
NET
PER GROSS
NTY, FIELD, LEASE
BARRELS OR MCF
INTEREST
PRODUCTION
PRICE
INCOME
COST
COST
AFE COST
INCOME
PER WELL
BBL OR MCF
PROD. INJ. SUB
COUNTY
Albright lease
908
.765625
695
$2.6750
$1,859
$115
$ *
$1,744
$115.00
$0.13
1
Payne lease
NR
.765625
21
2
(23)
21.00
NR
1
TOTAL
908
695
$1,859
$136
$ 2
$1,721
$ 68.00
$0.15
2
easehold Cost
ANALYSIS OF LEASE PRODUCTION
R. T. LUND - OKLAHOMA LEASEHOLDS
DECEMBER, 1966 AND JANUARY, 1967
MONTHLY
PRODUCTION
AVERAGE
GROSS PRODUCTION
INCREASE
DAILY PRODUCTION
CURRENT YEAR
COUNTY, FIELD, LEASE
DECEMBER
JANUARY
OR DECREASE
JANUARY
TOTAL PRODUCTION
R
E
M
A
R
K
S
GRANT COUNTY
WEST HAWLEY FIELD
Albright Lease
1,280
908
- 372
29
908
Payne Lease
183
NR
- 183
-
GRAND TOTAL
1,463
908
- 555
29
908
L-x
Lund-spl.
RN Pers. Invest.
V.A.
January 31, 1967
Dear Russ:
This letter will confirm our brief
visit at the Boys' Club Dinner a few days ago.
I would appreciate it if you would
El
count me in on the two off-set wells in the
Milberry tract, You have been most generous
in giving me the opportunity to participate
Mayor
in this venture and I would 11km to continue to
make investments in any projects which you
consider worth a gamble.
With every good wish,
Sincerely,
Mr. Russell T. Land
1450 West Lake Street
Ninnespolis, Minnesota
V.A.
January 31, 1967
Dear Russ:
This letter will confirm our brief
visit at the Boys' Club Dinner a few days ago.
I would appreciate it if you would
count me in on the two off-set wells in the
Mulberry tract, You have been most generous
in giving me the opportunity to participate
in this venture and I would like to continue to
make investments in any projects which you
consider worth a gamble.
With every good wish,
Sincerely,
Mr. Russell T. Lund
1450 West Lake Street
Minneapolis, Minnesota