Ask the Scholar
Document scope · 1 page
Scholar
Ask about this object, its catalog metadata, its source description, or the page inventory.
For page-specific OCR and visual context, open one of the page chats.
Source Description
This file contains:
Joseph J. Lawnick to Nixon re: KWB December 1966 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 2/3/1967
Joseph J. Lawnick to Nixon re: KWB October 1966 Operations Report West Hawley Field, with attachments. 3 pages. [Letter], 11/23/1966
C. Arnold Brown to Nixon re: Albright lease division, with attachments. 2 pages. [Letter], 9/28/1966
Travelers certificate of insurance for employer's liability insurance for oil operations in AR, KS & OK, including mailing envelope. 3 pages [Financial Records], 12/22/1965
Rose Mary Woods to Jack James re: unpaid KWB bill. 1 page. [Letter], 8/15/1966
C. Arnold Brown to Nixon re: Lies January 1966 Monthly Operations Report. 2 pages. [Letter], 2/28/1966
C. Arnold Brown to Nixon re: not paying the Schreiner lease payment. 1 page. [Letter], 2/4/1966
C. Arnold Brown to Nixon re: Lies December 1965 Monthly Operations Report. 3 pages. [Letter], 2/2/1966
Travelers certificate of insurance for employer's liability insurance for oil operations in AR, KS & OK. 1 pages [Financial Records], 3/31/1966
State Farm termination of insurance due to expiration policy 749 699-B12-36, including mailing envelope. 2 pages. [Financial Records], 3/2/1966
Map of drill site in Barber County, KS [Other Document], n.d.
Joseph J. Lawnick to Nixon re: KWB November 1966 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 1/5/1966
Russell Lund to Nixon re: meeting Wanenmacher & Keplinger when in Tulsa, with attachments, including mailing envelope. 5 pages. [Letter], 6/9/1966
Nixon to Russell Lund re: shared risk in investments with attachments. 2 pages. [Letter], 12/22/1965
Scholar Source Context
Document identity
localId
26126256
label
WHSF: Returned, 10-6
core
doc
dtoType
document
citationUrl
pageCount
1
Source metadata
id
26126256
sourceUrl
contentType
document
title
WHSF: Returned, 10-6
description
This file contains:
Joseph J. Lawnick to Nixon re: KWB December 1966 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 2/3/1967
Joseph J. Lawnick to Nixon re: KWB October 1966 Operations Report West Hawley Field, with attachments. 3 pages. [Letter], 11/23/1966
C. Arnold Brown to Nixon re: Albright lease division, with attachments. 2 pages. [Letter], 9/28/1966
Travelers certificate of insurance for employer's liability insurance for oil operations in AR, KS & OK, including mailing envelope. 3 pages [Financial Records], 12/22/1965
Rose Mary Woods to Jack James re: unpaid KWB bill. 1 page. [Letter], 8/15/1966
C. Arnold Brown to Nixon re: Lies January 1966 Monthly Operations Report. 2 pages. [Letter], 2/28/1966
C. Arnold Brown to Nixon re: not paying the Schreiner lease payment. 1 page. [Letter], 2/4/1966
C. Arnold Brown to Nixon re: Lies December 1965 Monthly Operations Report. 3 pages. [Letter], 2/2/1966
Travelers certificate of insurance for employer's liability insurance for oil operations in AR, KS & OK. 1 pages [Financial Records], 3/31/1966
State Farm termination of insurance due to expiration policy 749 699-B12-36, including mailing envelope. 2 pages. [Financial Records], 3/2/1966
Map of drill site in Barber County, KS [Other Document], n.d.
Joseph J. Lawnick to Nixon re: KWB November 1966 monthly operations report West Hawley Field, with attachments. 3 pages. [Letter], 1/5/1966
Russell Lund to Nixon re: meeting Wanenmacher & Keplinger when in Tulsa, with attachments, including mailing envelope. 5 pages. [Letter], 6/9/1966
Nixon to Russell Lund re: shared risk in investments with attachments. 2 pages. [Letter], 12/22/1965
citationUrl
collections
Richard M. Nixon's Returned Materials Collection
Returned White House Special Files
imageCount
1
hasImages
yes
source
import
hasTranscription
no
Source extras
naId
26126256
levelOfDescription
fileUnit
recordType
description
ocrSource
nara-archive
Single page context
seq
1
pageIndex
0
type
document
mediaId
9734955424de41a9
ocrText
Richard Nixon Presidential Library
White House Special Files Collection
Folder List
Box Number
Folder Number
Document Date
Document Type
Document Description
10
6
02/03/1967
Letter
Joseph J. Lawnick to Nixon re: KWB
December 1966 monthly operations report
West Hawley Field, with attachments. 3
pages.
10
6
11/23/1966
Letter
Joseph J. Lawnick to Nixon re: KWB
October 1966 Operations Report West
Hawley Field, with attachments. 3 pages.
10
6
09/28/1966
Letter
C. Arnold Brown to Nixon re: Albright lease
division, with attachments. 2 pages.
10
6
12/22/1965
Financial Records
Travelers certificate of insurance for
employer's liability insurance for oil
operations in AR, KS & OK, including
mailing envelope. 3 pages
10
6
08/15/1966
Letter
Rose Mary Woods to Jack James re: unpaid
KWB bill. 1 page.
10
6
02/28/1966
Letter
C. Arnold Brown to Nixon re: Lies January
1966 Monthly Operations Report. 2 pages.
Wednesday, June 17, 2009
Page 1 of 3
Box Number Folder Number Document Date
Document Type
Document Description
10
6
02/04/1966
Letter
C. Arnold Brown to Nixon re: not paying the
Schreiner lease payment. 1 page.
10
6
02/02/1966
Letter
C. Arnold Brown to Nixon re: Lies
December 1965 Monthly Operations Report.
3 pages.
10
6
03/31/1966
Financial Records
Travelers certificate of insurance for
employer's liability insurance for oil
operations in AR, KS & OK. 1 pages
10
6
03/02/1966
Financial Records
State Farm termination of insurance due to
expiration policy 749 699-B12-36, including
mailing envelope. 2 pages.
10
6
n.d.
Other Document
Map of drill site in Barber County, KS
10
6
01/05/1966
Letter
Joseph J. Lawnick to Nixon re: KWB
November 1966 monthly operations report
West Hawley Field, with attachments. 3
pages.
10
6
06/09/1966
Letter
Russell Lund to Nixon re: meeting
Wanenmacher & Keplinger when in Tulsa,
with attachments, including mailing
envelope. 5 pages.
Wednesday, June 17, 2009
Page 2 of 3
Box Number Folder Number Document Date
Document Type
Document Description
10
6
12/22/1965
Letter
Nixon to Russell Lund re: shared risk in
investments with attachments. 2 pages.
Wednesday, June 17, 2009
Page 3 of 3
PHONE AC- 918, LU 5-1548
RNfer
KWB
V.A.
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
February 3, 1967
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York, New York
Re: Monthly Operations Report
December, 1966
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is a summary of operations for your leaseholds located
in the West Hawley Field, Grant County, Oklahoma. Included in this report
is a profitability analysis and a comparison of lease production between
November and December, 1966. During December, the Albright Lease produced
1,280 barrels compared to 1,460 barrels for November. The Payne Lease
produced 183 barrels of oil during December compared to 1,105 barrels for
November. The reason for the decrease on the Payne Lease is that it has
only produced a few days out of each month to conserve the casinghead gas.
KWB has been negotiating with Sunray DX to secure a casinghead
gas contract for these leases. Sunray has advised that they are in the
process of assembling material and that the casinghead gas should be
connected by the end of February. Contracts covering this casinghead gas
has been forwarded to you under separate cover.
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 F Laumith
Joseph J. Lawnick
enclosures
JJL/dse
:
ANALYSIS OF LEASE PRODUCTION
R. T. LUND - OKLAHOMA LEASEHOLDS
NOVEMBER AND DECEMBER, 1966
MONTHLY
PRODUCTION
AVERAGE DAILY
GROSS PRODUCTION
INCREASE
PRODUCTION
CURRENT YEAR
COUNTY, FIELD, LEASE
NOVEMBER DECEMBER
OR DECREASE
DECEMBER
TOTAL PRODUCTION
REMARKS
GRANT COUNTY
WEST HAWLEY FIELD
Albright Lease
1,460
1,280
- 180
41
8,390
Payne Lease
1,105
183
- 922
6
4,511
TOTAL ALL LEASES
2,565
1,463
-1,102
47
12,901
KWB OIL PROPERTY MANAGEMENT, INC.
PROFITABILITY ANALYSIS
R. T. LUND - OKLAHOMA LEASEHOLDS
DECEMBER, 1966
100 PER CENT WORKING INTEREST
OPERATING COST
NUMBER OF WELLS
GROSS PRODUCTION
REVENUE
REVENUE
NET
REVENUE
OPERATING
EQUIPMENT
NET
PER GROSS
NTY, FIELD, LEASE
BARRELS
INTEREST
PRODUCTION
PRICE
INCOME
COST
COST
AFE COST
INCOME
PER WELL
BBLS.
PROD. INJ. SUPPLY
COUNTY
WEST HAWLEY FIELD
Albright Lease
1,280
.765625
980
2.6564
$2,603
$119
$259
$ 55*
$2,170
$119
$0.09
1
Payne Lease
183
.765625
140
2.4873
348
113
230*
5
113
0.61
1
AL ALL LEASES
1,463
1,120
$2,951
$232
$259
$285
$2,175
$116
$0.16
2
*Intangible Development Cost
PHONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
November 23, 1956
Mr. Russell T. Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York, New York
Ke: Monthly Operations Report
October, 1966
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is a summary of operations for your leaseholds
located in the West Hawley Field, Grant County, Oklahoma. Included
in this report is a profitability analysis and a comparison of lease
production between September and October, 1966.
During October the two leases produced 2,903 barrels of oil
compared to 3,180 barrels in September. The net income from the two
leases for October was $5,393.00.
As pointed out in the September report, we approached
Mrs. Payne in an attempt to get her to sign a 160 acre pooling unit.
Mrs. Payne would not sign the attribution agreement which would have
granted 180 per cent of the current allowable and alleviated further
development on the west 80 acres. At this time it does not appear
that the well would have made the 180 per cent allowable for a very
extended period of time.
If there are any questions concerning the summary report,
we would be happy to confer with you. We appreci te the opportunity
to be of service to you.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
Jamphid Joseph J. Lawnick
Enclosures
JJL/jl
PROFITABILITY ANALYSIS
RUSSELL T. LUND - OKLAHOMA PROPERTIES
OCTOBER, 1966
GROSS
OPERATING COST
NUMBER OF
PRODUCTION
REVENUE
REVENUE
REVENUE
OPERATING
EQUIPMENT
NET
PER GROSS
WELLS
UNTY, FIELD, LEASE
BARRELS
INTEREST
PRODUCTION
NET PRICE
INCOME
COST
COST
AFE COST
INCOME
PER WELL
BARREL
PRODUCING
ANT COUNTY
WEST HAWLEY FIELD
Albright
1,986
.765625
1,521
$2.6364
$4,010
$275
$(10)
$3,745
$275.00
$ .14
1
Payne
917
.765625
702
2.4873
1,746
113
(15)
1,648
113.00
.12
1
ALL LEASES
2,903
2,223
$5,756
$388
$(25)
$5,393
$194.00
$ .13
2
ANALYSIS OF LEASE PRODUCTION
RUSSELL T. LUND - OKLAHOMA PROPERTIES
SEPTEMBER AND OCTOBER, 1966
MONTHLY
PRODUCTION
AVERAGE
GROSS PRODUCTION
INCREASE
DAILY
CURRENT YEAR
COUNTY, FIELD, LEASE
SEPTEMBER
OCTOBER
OR DECREASE
PRODUCTION
TOTAL PRODUCTION REMARKS
I
GRANT COUNTY
WEST HAWLEY FIELD
Albright
1,726
1,986
+ 260
64
5,650
me
Payne
1,455
917
- 538
30
3,223
TOTAL ALL LEASES
3,181
2,903
- 278
94
8,873
His
PHONE AC-918, LU 5-1548
action
KWB
OIL PROPERTY MANAGEMENT,
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
September 28, 1966
Mr. Richard M. Nixon
20 Broad Street
New York, New York
Re: Albright Lease
W/2 SE/4 Section 32-27N-8W
Grant County, Oklahoma
Dear Mr. Nixon:
We are enclosing Sunray's division order for the Russell T.
Lund Albright No. 1 well. Please execute one copy of this division
order in the space marked with a red check mark and place your Social
Security or tax account number in the space to the right. Your
signature should be witnessed. An extra copy of the division order is
furnished for your file. We are also enclosing a self-addressed
envelope for your convenience.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C. Quord Beron
C. Arnold Brown
Enclosures
CAB/jl
DIVISION OF INTEREST
SDX-2855
LEASE NUMBER
LEASE NAME
COUNTY AND STATE
OWNER
NUMBER
CHGE
INT.
PAY
TAX
EXCPT
RES.
ST.
DEF.
CD.NO
NAME AND ADDRESS
DIVISION OF INTEREST
AMOUNT
OF OWNER
Alva T. Albright and
1/8 RI
Allie Albright, joint tenants
Harry Allen Chapman
1/8 of 8/8 ORI
Russell T. Lund Oil Trust
15/16 of 6/8 of 8/8 WI
Richard M. Nixon
1/16 of 6/8 of 8/8 WI
JRH:fr
DIVISION ORDER
D/O 53880 01
To SUNRAY DX OIL COMPANY
BOX 2039, TULSA, OKLAHOMA 74102
September 26
19 66
The undersigned, and each of them guarantee and warrant that they are the legal owners in the proportion set out below of all the oil produced from the
LUND-ALBRIGHT
lease, described as
The West Half of the Southeast Quarter (w/2 of SE/4)
of Section Thirty-two (32), Township Twenty-seven (27)
North, Range Eight (8) West,
in
Grant
County,
State
of
Oklahoma
, and commencing as of 7 a. m. the
day of First Oil Run
19
and until further
written notice either from you or us you are authorized to receive oil therefrom, purchase it and pay therefor as follows:
OWNER
NUMBER
CHGE
INT.
PAY
TAX
EXCPT
ST.
DEF.
CD.NO
NAME AND ADDRESS
RES.
DIVISION OF INTEREST
OF OWNER
SEE REVERSE SIDE
SEE REVERSE SIDE
The following covenants are also parts of this division order and shall be binding on the undersigned, their heirs, devisees, successors, legal representatives and assigns.
FIRST: The oil received and purchased hereunder shall become your property as soon as the same is received into your custody or that of any pipe line company
or carrier designated by you. The term "oil" as used in this division order shall include all liquid hydrocarbons.
Should the oil produced from any formation in and under the lands covered hereby be commingled with other oil prior to the time it becomes your property, whether
such other oil be produced from one or more formations having different ownership in and under the lands covered hereby or in and under any other lands, the
commingled oil sold hereunder shall be deemed to be the interest of the undersigned in that portion of the total commingled oil delivered which is allocated to the lands
covered hereby on the basis of the formula prescribed by the operators of the leases covering the formations or tracts of land involved and the data supplied to you with
respect thereto, and you are authorized to accept such information, rely upon the same and make settlement hereunder on the basis of the quality and gravity of such
commingled oil so allocated without liability to the undersigned.
Should the interest of the undersigned in the oil produced from the lands covered hereby be unitized with oil produced from 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. In such event the portion of the unitized oil sold hereunder shall be the interest of the under-
signed in that portion of the total unitized oil which is allocated to the lands covered hereby and shall be deemed for all purposes to have been actually produced from
said land.
SECOND: The oil received and purchased hereunder shall be delivered f.o.b. to any pipe line or carrier designated by you which gathers and receives said oil, and
you shall pay for such oil to the respective owners according to the division of interest herein set forth at the price posted by you for oil of like gravity, kind and
quality applicable to the field where said oil is produced on the date of each respective run. You are authorized to reduce said price by any truck or pipe line charges
agreed upon by you and the operator.
In the event the oil is sold by you to another purchaser accepting delivery at the lease, settlement therefor shall be based upon the price received by you from, and
upon the volume computations made by, such purchaser.
THIRD: Quality and quantity shall be determined in accordance with the conditions specified in your price posting. You may refuse to receive any oil not con-
sidered merchantable by you.
FOURTH: Settlements and payments shall be made monthly for oil received and purchased during the preceding month, by check mailed from Tulsa, Oklahoma,
to the respective parties at the addresses above given, for the amount of, such purchase price due said parties respectively, less any taxes required by law to be deducted and
paid by you as purchaser. You may withhold, without interest, monthly payments due any payee of amounts less than Three Dollars ($3.00), it being agreed, however,
that regardless of the amount so accumulated, you will make payments of full amount $0 credited to each payee either annually or semi-annually.
FIFTH: Without impairment of any warranty herein contained, it is agreed that satisfactory abstracts or other evidence of title will be furnished to you at any
time on demand. In the event of a failure so to furnish such evidence of title, or in the event of an adverse claim, question or dispute at any time concerning the title
to such oil or any part thereof or to the land from which such oil is produced. you may hold the proceeds of all oil received and run, to the extent of the interest involved
in such adverse claim, question or dispute, without interest, until indemnity satisfactory to you has been furnished or until said claim, question or dispute as to ownership
has been finally settled or finally determined. In the event any action or suit is filed in any court affecting the title either to the real property above described or to the
oil produced therefrom in which any of the undersigned are parties, written notice of the filing of said action shall be immediately furnished you by the undersigned
stating the court in which the same is filed and the title of such action or suit. You and/or any carrier transporting oil for your account shall be held harmless by each
party to this division order`to the extent of each partys' interest, as set forth in this division order, from any judgment rendered against you or it on account of receiving,
purchasing, paying for or transporting the oil credited to such party's interest.
SIXTH: The undersigned severally shall notify you in writing of any change of ownership, and no transfer of interest shall be binding upon you until a transfer
order and the recorded instrument evidencing such transfer, or a certified copy thereof, shall be furnished to you. You will not be responsible for any change of owner-
ship in the absence of actual notice and satisfactory proof thereof. Transfers of interest shall be made effective at 7 o'clock a. m. on the first day of the calendar month
following said written notice to you unless this requirement is waived by you. If any limited, reversionary or sliding scale interest is owned or retained by any party to
this division order, such party hereby 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 as to the date on which such payment shall commence, change or cease, and to hold you harmless for any erroneous payment made prior
to receipt of said written notice.
SEVENTH: Working interest owners or operators who sign this division order, and each of them, guarantee and warrant for your benefit and that of any pipe
line or other carrier designated by you to run or transport said oil, that all oil tendered hereunder has been or will be produced in accordance with applicable Federal,
State and Municipal laws and official rules and regulations, and in compliance with all the requirements of the Fair Labor Standards Act of 1938 and amendments thereto.
EIGHTH: This division order shall become valid and binding on each and every owner above named as soon as signed by him or her regardless of whether any of
the other above named owners have so signed; and in consideration of the purchase of oil hereunder, consent is given hereby to you or any pipe line company which you
may cause to connect with the wells or tanks on said land, to disconnect and remove such pipe lines, in case of termination by either you or us of purchases under this
division order. You are not expected to receive oil in definite quantities or for fixed periods nor to provide storage on the credit balance plan or otherwise except as and
when you shall now or hereafter agree in writing.
SOCIAL SECURITY NO.
OWNERS: (X)
OR TAX ACCOUNT NO.
WITNESSES: ROSE SCHIFF
567-68-0515
Netary Public, State New Yes!
No. 24-3496100
Qualified in Kings County
Be sure yourChosters mailing Including your zip code, and your social security number or tax account number are shown.
copires
Mard
30,
LEASE
PROD.
SUB
D.I.
TYPE
STATE
SLIDING
EFFECTIVE DATE
ACCOUNTABLE
SUSPENSE
INSTR.
SCALE
FROM
TO
DECIMAL
FUNDS
THE TRAVELERS
The Trabelers Insurance Company
The Travelers Indemnity Company
Certificate of Insurance
This is to certify that policies of insurance as described below have been issued to the insured named below
and are in force at this time. If such policies are canceled or changed during the periods of coverage as stated
herein, in such a manner as to affect this certificate, written notice will be mailed to the party designated below
for whom this certificate is issued.
10 DAYS
1. Name and address of party to whom this certificate is issued
2. Name and address of insured
Richard M. Nixson
K w B OIL PROPERTY
-
20 Broadstreet
MANAGEMENT, INC.
New York, New York
914 KENNEDY BUILDING
TULSA OKLAHOMA
3. Location of operations to which this certificate applies
ARKANSAS,
KANSAS,
OKLAHOMA
AUTO: SAME & ELSEWHERE WITHIN THE CONTINENTAL LIMITS OF THE U.S.A.
4.
Coverages for which insurance is afforded
Limits of Liability
Policy Number
Policy Period*
Workmen's Compensation and Employers'
Compensation-Statutory
Liability in the state named in item 3 hereof
EMPLOYERS LIABILITY
$100,000
UB 2693895
9-1-65/66
Bodily Injury Liability-except automobile
$ 500,000 each person
INcluding Protective
$ 1,000,000 each accident
Property Damage Liability-except automobile
**
NSL 1940182
9-1-65/66
$ 200,000 each accident
Including Protective
$ 200,000 aggregate
**
Bodily Injury Liability-automobile
$ 500,000 each person
$ 1,000,000 each accident
NSL 1940182
9-1-65/66
Property Damage Liability-automobile
$ 100,000 each accident
**
Liability (Bodily Injury and Property Damage)
$
each accident
*Policy is effective and expires at 12:01 A.M., standard time at the address of the named insured as stated herein.
**Absence of an entry in these spaces means that insurance is not afforded with respect to the coverages opposite
thereto.
Description of Operations, or Automobiles to which the policy applies:
PREMISES-OPERATIONS
INDEPENDENT CONTRACTORS
OIL OR GAS LEASE OPERATIONS
1320-1321
OIL OR GAS OPERATIONS
053
OIL OR QAS GEOLOGIST
8605-2475
PRODUCTS
CLERICAL OFFICE EMPLOYEES
OIL LEASE WORK
7174
CONTRACTUAL
CONTRACTUAL LIABILITY N.O.C.
AUTO: COVERS ALL OWNED, HIRED & NON-OWNED AUTOMOBILES
The insurance afforded is subject to all of the terms of the policy applicable thereto.
This certificate is executed by The Travelers Insurance Company as respects insurance afforded by that com-
pany under the policies designated above; it is executed by The Travelers Indemnity Company as respects insur-
ance afforded by that company under the policies designated above.
Office
OKLA CITY 154
THE TRAVELERS INSURANCE COMPANY
Producer
DE SELMS BOGART & HALL
THE TRAVELERS WHIT INDEMNITY COMPANY
Date
December 22, 1965
By
C-5918 REV. 2-62 PRINTED IN U.S.A.
Authorized Representative
fyi
Personal Business
RUSSELL T. LUND
act
1450 WEST LAKE STREET
MINNEAPOLIS, MINN.
December 13, 1965
Dear Dick:
It now looks as if our first joint venture in oil is
a disappointment. Strange how wonderful it looked for
a short time, but that's the oil business.
The well at the present time is making about 8 barrels a
day which does not quite cover operating costs since we
must haul the water to a disposal well. When I last
saw you in Minneapolis I mentioned that another test will
be drilled just west of our acreage. If that should be
successful we will take another look at the whole deal.
You must have about $6700 invested in equipment on this
well. It would greatly simplify your accounting if you
would permit me to take over this equipment at cost as I
can use it on other wells in the area that require pumps
as the pressure drops. I have about $200,000 of this
type of equipment scattered over these three states. It
would make a much. cleaner loss to you if I should do this.
I hope I have made this clear, Dick. When we do hit that
good one, it will be easy enough to get the equipment.
Bill Graham and I have tried for six months to locate
a test that we would suggest to you. Each time we thought
we had one, we would cool off, and rightly SO. They
were all dry holes. But stay with us, Dick, and I am
sure 1966 will be a better year!
Best wishes to you and Pat
RTL:p
Geral Russell T. Lund
P. S. Mr. Brown just telephoned to say that I will need
to buy a pumping unit for one of the gas wells that he
drilled for me early this year. It has turned from gas
to oil!
Richard Nixon
20 Broad Street
New York, New York
COMPLETE INSURANCE FACILITIES
this ENCLOSURE IS FURNISHED
AS REQUESTED AND IT IS
OUR pleasure TO SERVE YOU.
BYRON DeSELMS
RALPH KENT BOGART, JR.
PHONE DESELM $ BOGART'HALL
RAYMOND HALL, JR.
LUther
GLENN FRISBY, PARTNER
7-5188
P.O. BOX 1716
nsurance
NATIONAL BANK OF TULSA BUILDING
TULSA-OKLAHOMA
DON DeSELMS, ASSOCIATE
KENT A. BOGART, ASSOCIATE
!
iN
August 15, 1966
Dear Mr. James:
Your letter of July 29 has arrived
in Mr. Nixon's absence from the country and in
checking with his business manager we can find no
record of having received a bill in the amount of
$100. In fact, they have no unpaid bill from KWB
on hand. Consequently, I would appreciate your
checking this matter and sending a copy of the
invoice along to us as Mr. Nixon will return
around August 20 from the Far East.
With best wishes,
Sincerely,
Rose Mary Woods
Secretary to Mr. Nixon
Mr. Jack L. James,
KWB 011 Property Management, Inc.
1125 National Bank of Tulsa Building
Tulsa, Oklahoma 74103
[bec: Vincent Andrews]
PRONE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
KENNEDY BUILDING
TULSA, OKLAHOMA 74103
February 28, 1966
Mr. Russell T. Lund
Sierra Petroleum Co., Inc.
1450 West Lake Street
211 North Broadway
Minneapolis, Minnesota
Wichita, Kansas 67202
Mr. Richard M. Nixon
20 Broad Street
New York, New York
Re: Lies No. 1
Monthly Operations Report
January, 1966
Gentlemen:
Enclosed is the monthly operations report for the Lies No. 1 well.
The well was shut down most of the month as a result of engine trouble, cold
weather and slipping pump.
We still do not have all of the bids that we have expected on the
salvaging of this well. As soon as these are received, we will forward them
to you for your approval.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C. and Brown
C. Arnold Brown
Enclosure
CAB/pjl
LEASE ANALYSIS
BARBER COUNTY, KANSAS
FOR DECEMBER, 1965 AND JANUARY, 1966
(BARRELS)
AVG. BBLS/DAY
TOTAL
ASE
FOR DECEMBER
FOR JANUARY
- CHANGE
FOR JANUARY
CURRENT YEAR
REMARK
NR
350
+ 350
9
2,537
NE AC-918, LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
KENNEDY BUILDING
TULSA, OKLAHOMA 74103
February 4, 1966
Mr. Russell T. Lund
Sierra Petroleum Co., Inc.
1450 West Lake Street
211 North Broadway
Minnespolis, Minnesota
Wichita, Kansas 67202
Mr. Richard M. Nixon
20 Broad Street
New York, New York
Re: Schreiner Lease
W/2 NW/4 Section 13-328-10W
Barber County, Kansas
Gentlemen;
The rental date is February 14, 1966 on the above-captioned
lease in the amount of $80.00. Since we are receiving bids to plug
and abandon the Lies No. 1 well in this area, we recommend this lease
rental not be paid.
If we do not hear from you by February 10, 1966, we will
assume you concur.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C. Guid Seron
C. Arnold Brown
CAB/pjl
PHONE AC-918, LU 5-1548
Toli
KWB
OIL PROPERTY MANAGEMENT, INC.
KENNEDY BUILDING
TULSA, OKLAHOMA 74103
per
February 2, 1966
Mr. Russell T. Lund
Sierra Petroleum Co., Inc.
1450 West Lake Street
211 North Broadway
Minnespolis, Minnesota
Wichita, Kansas 67202
Mr. Richard M. Nixon
\
20 Broad Street
New York, New York
Re: Lies No. 1
Monthly Operations Report
December, 1965
Gentlemen:
We are enclosing the monthly operations report and daily gauge
report for the Lies No. 1 well.
We are in the process of obtaining bids for salvaging the
equipment on this property. As soon as these bids have been obtained,
we will forward them to you for your approval.
Yours very truly,
KWB OIL PROPERTY MANAGEMENT, INC.
C. and Brown
C. Arnold Brown
Enclosures
CAB/pjl
LEASE ANALYSIS
BARBER COUNTY, KANSAS
FOR NOVEMBER AND DECEMBER, 1000
(BARRELS)
AVG. BBLS/DAY
TOTAL
LEASE
FOR NOVEMBER
FOR DECEMBER
CHANGE
FOR DECEMBER
CURRENT YEAR
R E M A R K S
Lies
163
NR
- 163
0
2,187
KWB
OIL PROPERTY MANAGEMENT, INC.
Daily Gauge Report
Lease or Unit Name Lies 441
Description
County Be ober
State Kansas
Month-Day
Production
Sales
R
e
m
a
r
k
S
December1 1
5.35
2
6.69
3
5,02
-
4
Sugar trubb E' hugard two
-
5
6
--
---
7
8
-
9
-
-
10
11
-
12
-
13
-
14
-
-
15
16
3.34
17
11.76
18
30.66
19
11.70
20
11,70
21
8.36
22
11.70
i
23
24
11.70
25
6.69
26
8.36
27
8,36
-
28
29
5.02
30
15,05
.
31
16.08
TOTAL
163,83
THE TRAVELERS
The Trabelers Insurance Company
The Trabelers Indemnity Company
Certificate of Insurance
This is to certify that policies of insurance as described below have been issued to the insured named below
and are in force at this time. If such policies are canceled or changed during the periods of coverage as stated
herein, in such a manner as to affect this certificate, written notice will be mailed to the party designated below
for whom this certificate is issued.
/ 10 DAYS
1. Name and address of party to whom this certificate is issued
2. Name and address of insured
K WB OIL PROPERTY
Mr. Richard M. Nixon
MANAGEMENT, INC.
20 Broad Street
914 KENNEDY BUILDING
New York, New York
TULSA OKLAHOMA
3. Location of operations to which this certificate applies
ARKANSAS, KANSAS, OKLAHOMA
AUTO: SAME & ELSEWHERE WITHIN THE CONTINENTAL LIMITS OF THE U.S.A.
4.
Coverages for which insurance is afforded
Limits of Liability
Policy Number
Policy Period*
Compensation-Statutory
**
Workmen's Compensation and Employers'
Liability in the state named in item 3 hereof
EMPLOYERS LIABILITY
$100,000
UB 2693895
9-1-65/66
Bodily Injury Liability-except automobile
**
$ 500,000 each person
LNcluding Protective
$ 1,000,000 ach accident
Property Damage Liability-except automobile
**
NSL 1940182
9-1-65/66
$ 200,000 each accident
Including Protective
$ 200,000 aggregate
**
Bodily Injury Liability-automobile
$ 500,000 each person
$ 1,000,000 each accident
NSL 1940182
9-1-65/66
Property Damage Liability-automobile
$ 100,000 each accident
**
Liability (Bodily Injury and Property Damage)
$
each accident
*Policy is effective and expires at 12:01 A.M., standard time at the address of the named insured as stated herein.
**Absence of an entry in these spaces means that insurance is not afforded with respect to the coverages opposite
thereto.
Description of Operations, or Automobiles to which the policy applies:
PREMISES-OPERATIONS
INDEPENDENT CONTRACTORS
OIL OR GAS LEASE OPERATIONS
1320-1321
OIL OR GAS OPERATIONS
053
OIL OR GAS GEOLOGIST
8605-2475
PRODUCTS
CLERICAL OFFICE EMPLOYEES
OIL LEASE WORK
7174
CONTRACTUAL
CONTRACTUAL LIABILITY N.O.C.
21
AUTO: COVERS ALL OWNED, HIRED & NON-OWNED AUTOMOBILES
The insurance afforded is subject to all of the terms of the policy applicable thereto.
This certificate is executed by The Travelers Insurance Company as respects insurance afforded by that com-
pany under the policies designated above; it is executed by The Travelers Indemnity Company as respects insur-
ance afforded by that company under the policies designated above.
Office
OKLA CITY - 154
THE TRAVELERS INSURANCE COMPANY
Producer
DE SELMS BOGART & HALL
THE TRAVELERS winty INDEMNITY COMPANY
Date
March 31, 1966
By
C-5918 REV. 2-62 PRINTED IN U.S.A.
Authorized Representative
NOTICE OF TERMINATION OF INSURANCE
DATE
POLICY NUMBER
AUTOMOBILE
AGENT
3-2-66
749 699-B12-36
65 CHEV } Ton
E. E. Ochs 868-36
The insurance protecting your interest has been
INSURED
KWB OIL PROPERTY MANAGEMENT INC.
terminated for the reason checked.
AND
ADDRESS
913 KENNEDY BLDG.
Pursuant to the terms of the policy, we will continue
TULSA, OKLA. 74103
the insurance in force for 13 days* after the date
of this notice for the exclusive protection of and
( ) $
UNPAID PREMIUM
( ) SUPERSEDED BY NEW POLICY
to the extent of your interests as they are affected
(
) CANCELLED BY POLICYHOLDER
( ) LIEN SATISFIED
by the ownership, maintenance or use of the auto-
(
) CANCELLED BY COMPANY
( X Expired
mobile described in the policy and subject to the
limits thereof.
days in this instance.
RICHARD M. NIXON
20 BROAD STREET
STATE FARM MUTUAL
Policies Numbered in
STATE PARM
NEW YORK, NEW YORK
Automobile Insurance Company
9 million series are
issued by State Form
Southwestern Office
Fire and Casualty
INSURANCE
11900 Preston Road
Company at the
Dallas, Texas 75230
Same address
DP 4333.2 SW
State Farm Mutual Automobile Insurance Company
Southwestern Office
11900 Preston Road, Dallas, Texas 75230
DALL
PUSTAGE
MAR2-'66
05
TFY
BB 310170 METER
1282-
0
e
S.
6682-
32
EI
If
gi
0
O
.
1
2982-
9382-
9282-
©
G.482
22
9382-
+
+
.
.
+
32"
7932-
7882
7832
-
0883
12
.
©
.
7282
0882 -
8482-
+
&
+
0232
6882-
0982-
+
0332
©
c
*
3032-
1833-
12
11
01
®
®
0982-
#
4282
&
9882-
6882
&
&
C
4
«
9482-
T
R
©
b
1732
6882
©
X
6882-
2882-
6232-
R. 10 W.
DRILL
-2895
-2886
-
2881
+
+
.
2886
.
2900
-2899
3
22
.23
24
-
2896
@
Acreage Owned by Sierra
Contributed Acreage
Available Acreage
BARBER COUNTY, KANSAS
CONTOURED ON TOP OF THE
MISSISSIPPIAN FORMATION
C.I. = 5'
By
PHONE AC-918. LU 5-1548
KWB
OIL PROPERTY MANAGEMENT, INC.
1125 NATIONAL BANK OF TULSA BUILDING
TULSA, OKLAHOMA 74103
January 5, 1966
Mr. Russell T Lund
Mr. Richard M. Nixon
1450 West Lake Street
20 Broad Street
Minneapolis, Minnesota
New York, New York
Re: Monthly Operations Report
November, 1966
West Hawley Field
Grant County, Oklahoma
Gentlemen:
Enclosed is a summary of operations for your leaseholds
located in the West Hawley Field, Grant County, Oklahoma. Included
in this report is a profitability analysis and a comparison of lease
productions between October and November, 1966. During November
the two leases produced 2,565 barrels of oil, compared to 2,903
barrels in October. The net income from the two leases for November
was $4,680.
KWB is still negotiating with Sunray in an attempt to se-
cure a pipeline connection for the Payne No. 1, thereby alleviating
the trucking cost. At: present Sunray DX is considering laying the
three thousand feet of line if the operator would pay for the pump
and future power bills. Sunray DX is proceeding with plans for tying
in the casinghead gas produced in the West Hawley Field. At present
they are completing their negotiations with Cities Service for the
overall gas contract in the area. As soon as they have finished their
negotiations they will send out the casinghead gas contracts for the
various operators to approve.
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.
Jouph J Lawish Joseph
Joseph J. Lawnick
Enclosures
JJL/Pg
PROFITABILITY ANALYSIS
RUSSELL T. LUND - OKLAHOMA LEASEHOLDS
NOVEMBER, 1966
100 PER CENT WORKING INTEREST
GROSS
OPERATING COST
NUMBER OF WELLS
PRODUCTION
REVENUE
REVENUE
REVENUE
OPERATING
EQUIPMENT
NET
PER GROSS
FIELD, LEASE
BBLS. OR MCF
INTEREST
PRODUCTION
NET PRICE
INCOME
COST
COST
AFE COST
INCOME
PER WELL
BBL OR MCF
PROD.
INJ.
SUPP
COUNTY
NEST HAWLEY FIELD
Albright
1,460
.765625
1,118
$2.6483
$2,961
$145
$
$2,816
$145.00
$.10
1
Payne
1,105
.765625
846
2.4746
2,094
105
125
1,864
105.00
.09
1
2,565
1,964
$5,055
$250
$125
$4,680
$125.00
$.10
2
ANALYSIS OF LEASE PRODUCTION
RUSSELL T. LUND - OKLAHOMA LEASEHOLDS
OCTOBER AND NOVEMBER, 1966
MONTHLY
PRODUCTION
AVERAGE
CURRENT
GROSS PRODUCTION
INCREASE
DAILY PROD.
YEAR TOTAL
DUNTY, FIELD, LEASE
OCTOBER
NOVEMBER
OR DECREASE
NOVEMBER
PRODUCTION
REMARKS
ANT COUNTY
WEST HAWLEY FIELD
Albright
1,986
1,460
- 526
49
7,110
Payne
917
1,105
+ 188
37
4,328
TAL
2,903
2,565
- 338
86
11,438
RUSSELL T. LUND
1450 WEST LAKE STREET
MINNEAPOLIS, MINN.
Rra
June 9, 1966
JUN 13
Dear Dick,
Glad to learn that our Mulberry appears to be
an excellent gas well will know more about
this when you are in Minneapolis next week.
29cc.
I understand you will be in Tulsa on the 27th.
29
If you have a few minutes while you are there,
Joe Wanenmacher and Henry Keplinger (two great
Republicans) would like to say "hello". They
own Keplinger and Wanenmacher who have been
trying to find oil for us for the past year.
I am sure both of them will be attending the
dinner at which you are speaking.
We' 11 look forward to seeing you at the
MacGregor affair.
Rune Best regards,
Richard Nixon
20 Broad Street
New York, New York
ANNOUNCEMENT - NEW COMPANY
KWB OIL PROPERTY MANAGEMENT, INC.
KENNEDY BUILDING
TULSA 3, OKLAHOMA
A new oil property management firm is being formed by C. H. Keplinger, J. M. Wanenmacher,
and C. Arnold Brown. Offices will be located in the Kennedy Building, Tulsa.
Services offered by this firm will include operation of oil and gas properties, petrole-
um production engineering, and management counseling for exploratory drilling, lease-
hold development and production, unitization, and secondary recovery. The company is
being organized because of the growing need for services of this type by nonresident
operators, estates, investors, trusts, and many operators. In a number of cases, major
companies can economically use these services with problems concerning remotely oper-
ated leaseholds and in proposed secondary recovery projects in which a minor interest
is owned. A client may be able to use all or any portion of the services being offered.
Operation of oil and gas leaseholds will be limited at first to the Mid-Continent
District; but, special assignments and projects will be undertaken on an international
as well as national scale.
Directors of the new Oklahoma corporation will be C. H. Keplinger, J. M. Wanenmacher,
and C. Arnold Brown. Officers will be: C. H. Keplinger, Chairman of the Board; J. M.
Wanenmacher, Vice Chairman of the Board; and C. Arnold Brown, President.
Both C. H. Keplinger and J. M. Wanenmacher are well known in the petroleum engineering
consulting field having formed the petroleum consulting firm of Keplinger and Wanenmacher
during 1944. This firm will continue to offer its services in the field of oil and gas
appraisals, reserve estimates, secondary recovery, reservoir engineering and other
consulting services. It will be independent of KWB OIL PROPERTY MANAGEMENT, INC., which
will be managed by C. Arnold Brown, President.
Prior to the forming of the consulting firm, both Mr. Keplinger and Mr. Wanenmacher
were with Shell Oil Company. Mr. Keplinger served as a production engineer and a reser-
voir engineer in various company districts and was division engineer for Oklahoma at
the time of his departure. Mr. Wanenmacher served in various capacities which included
special duties at the Hague office of Shell Oil's parent company. At the time of
terminating his employment with Shell, he was serving as chief subsurface engineer for
the Mid-Continent area.
For the past three years, C. Arnold Brown has served as senior staff petroleum engineer
for the Keplinger and Wanenmacher consulting firm. Prior to joining the consulting firm,
Brown was chief petroleum engineer for the Crawford Production Company and was district
production engineer for the Skelly Oil Company in Velma, Oklahoma. His experience in-
cludes drilling and completing high pressure oil and gas wells, design and supervision
of installation of waterflood plants, planning and supervising well workovers and
numerous other duties connected with the production of oil and gas. These duties were
performed in most oil areas throughout the Mid-Continent and Tri-State districts.
Special assignments include recommendations regarding oil and gas operations in many
fields located in all parts of the United States and numerous foreign countries.
March 14, 1963
C. H. KEPLINGER
BIOGRAPHICAL RESUME
C. H. Keplinger received a Bachelor of Science degree in physics from
the University of Tulsa in 1931, Master of Science degree from George Washington
University in 1933, and studied geophysics at Goettinger University in Germany.
He joined Shell Oil Company in 1933 and worked as a production engineer
dealing with oil recovery and evaluation studies. In December, 1944, he left
Shell 011 Company to form a partnership with J. M. Wanenmacher. This partner-
ship has been active in oil appraisals both in the United States and foreign
countries. Mr. Keplinger has represented the firm in petroleum engineering
studies in almost every country. The firm acted as petroleum advisors to
the Colombian Government for four years between 1952 and 1956. Mr. Keplinger
visited the southern fields of Argentina at Tierra del Fuego. He has been
engaged in reservoir studies in several of the Middle Eastern countries in-
KEPLINGER AND WANENMACHER
cluding Turkey, Syria, and India. Since the recent activity in Australia and
New Zealand, Mr. Keplinger has made a trip to investigate the petroleum possi-
bilities of New Zealand. During the last twenty years he has visited in many
of the producing countries of Europe and North Africa. He made a trip to
Nigeria in the fall of 1965 for the purpose of investigating petroleum
possibilities.
He is a Registered Professional Engineer in Oklahoma and Alberta, Canada.
He is a member of American Society of Mechanical Engineers; Society of Petroleum
Engineers of the American Institute of Mining and Metallurgical Engineers;
American Gas Association; American Petroleum Institute; Mid-Continent Oil and
Gas Association; Tulsa Geological Society; American Association of Petroleum
Geologists, Society of Petroleum Evaluation Engineers (President 1966);
Mexican Geological Society; Mexican Petroleum Engineering Society; and
L'Association Francaise des Techniciens du Petrole.
J.M.Wanenmacher
Education
Graduated from Missouri School of Mines with Bachelor of Science Degree
in
mining
engineering
- 1923. Graduated from University of Wisconsin with Master
of Science Degree in geology
—
1924. Graduated from University of Wisconsin with
Ph. D. Degree in geology - 1932.
Experience
Assistant geologist, M. A. Hanna Co., Ironton, Michigan, summer - 1924.
Geologist for Nippissing Mining Co. prospecting in Quebec, Canada, summer - 1925.
Field geologist in Colombia and Venezuela for foreign branch of Gulf Oil
Co., 1926-1928. Assistant to chief geologist, foreign branch of Gulf Oil Co., sta-
tioned in New York, 1928-1931.
Joined Shell Oil Co. in 1932 as subsurface engineer and after a period of
training in production and drilling operations was stationed in the Tulsa office.
Conducted detailed subsurface studies of fields and submitted recommendations for
further development. In 1937, was transferred to Kansas as division exploitation
engineer. Duties consisted of recommending which wells to be drilled, casing pro-
grams, completion practices, and included the supervision of related engineering
field work. Also, supervised valuation of properties offered for sale, production
engineering studies and well completions.
Sent on special assignment to the Hague office of Shell Oil's parent
company in 1939 with duties of reviewing activities east of the Rocky Mountains
for executives and offering recommendations in regard to proposed purchases of
producing property, trading of producing properties with competitors, proposed
gasoline plant construction, etc.
Returning to the United States, assigned position of division engineer in
Wichita Falls, Texas. Supervised valuation of and recommended purchase of several
producing oil companies in North Texas and Texas Panhandle. In 1942 was placed in
charge of Shell Oil Co.'s special subsurface studies in the geological department
involving supervision of staff of ten geologists and twelve draftsmen.
From August 1943 to December 1944 Shell Oil Co. chief subsurface engineer
for Mid-Continent area. In charge of pool studies in production department; super-
vised subsurface work of four division subsurface engineers located in Kansas, Illi-
nois, Oklahoma and North Texas. Also passed on all leases of production department
supervision being surrendered, farmed out or renewed.
From December 1944, to present has been engaged as consulting engineer.
Professional Organizations
Registered Professional Engineer, Oklahoma
American Association of Petroleum Geologists
Society of Petroleum Engineers of A.I.M.E.
American Petroleum Institute
Oklahoma Society of Professional Engineers
National Society of Professional Engineers
Engineers Club of Tulsa
Tulsa Geological Society
American Gas Association
Society of Petroleum Evaluation Engineers
Professional Records
of Staff Members
C.H.Keplinger
Education
Graduated from University of Tulsa, Bachelor of Science Degree in physics
-
1931. Graduated from George Washington University, Master of Science Degree in
physics - 1933. Studied geophysics at Goettinger University, Germany - 1932.
Experience
Field roustabout, Shell Oil Co., Oklahoma, 1929. Junior engineer for
Amerada Petroleum Corp. in Seminole, summer of 1930. Separator engineer for National
Tank Co. in East Texas, summer, 1931. Deep rotary drilling, Loffland Bros., West
Texas, 1933.
Joined Shell Oil Co. in 1933 and was stationed at Seminole as trainee
engineer. Established production laboratory for Shell in Tulsa; transferred to
California for several months to study production methods; returned to Oklahoma,
as district engineer for the Lucien field and was later placed in charge of pro-
duction of that field. Was transferred to Tulsa as production engineer and special-
ized in study of secondary recovery projects in Mid-Continent area.
Spent one year in study of special production problems in Kansas, Oklahoma,
and Texas. Conducted a study of waterflooding possibilities in Kansas and Oklahoma,
shortly after this practice was introduced in the Mid-Continent area.
In 1938 was stationed in Kansas as division production engineer working on
oil property valuations, proration problems, and well spacing. This assignment,
which was expanded to include reservoir studies, was continued through 1940 in
Kansas and later in Oklahoma. Essentially the same studies and duties were then
undertaken in Illinois, Indiana, Kentucky, and Michigan.
Transferred to Tulsa in 1944 as division engineer for Shell's Oklahoma
operations.
From December, 1944 to present has been engaged as consulting engineer
with both domestic and foreign assignments.
Professional Organizations
Registered Professional Engineer, Oklahoma
Registered Professional Engineer, Alberta, Canada
American Society of Mechanical Engineers
Society of Petroleum Engineers of the American
Institute of Mining and Metallurgical Engineers
American Gas Association
American Petroleum Institute
Independent Petroleum Association of America
Mid-Continent Oil and Gas Association
Tulsa Geological Society
American Association of Petroleum Geologists
Mexican Geological Society
Mexican Petroleum Engineering Society
RICHARD M. NIXON
20 BROAD STREET
NEW YORK, NEW YORK
December 22, 1965
Dear Russ:
Your offer to take over the equipment in
our well at cost 1s most generous. However, I would
not want you to do so under any circumstances if this
means that you would be sharing a bigger proportion
of the loss than you should. After all, we were in
the deal together and I expected from the beginning
to pay my fair share of the cost and to participate
thereby in the profits if any developed. I shall
have Vincent Andrews, who handles my accounts and
makes up my tax returns, check with your office as
to how the transaction should be consumated provided
there 1s no question. But, I again want to reiterate
that we should go forward along the lines you
suggested only if you can take over the equipment
without additional loss to yourself.
I have no regrets or second thoughts at
all about our first joint enterprise and I look forward
to being able to join you and Bill Graham in some
other ventures in the future.
Pat joins me in sending our very best wishes
to Rhoda and to you.
Sincerely,
Mr. Russell T. Lund
1450 West Lake Street
Minneapolis, Minnesota
CC: Vincnet Andrews
fyi
Personal Business
RUSSELL T. LUND
act
1450 WEST LAKE STREET
MINNEAPOLIS, MINN.
December 13, 1965
Dear Dick:
It now looks as if our first joint venture in oil is
a disappointment. Strange how wonderful it looked for
a short time, but that's the oil business.
The well at the present time is making about 8 barrels a
day which does not quite cover operating costs since we
must haul the water to a disposal well. When I last
saw you in Minneapolis I mentioned that another test will
be drilled just west of our acreage. If that should be
successful we will take another look at the whole deal.
You must have about $6700 invested in equipment on this
well. It would greatly simplify your accounting if you
would permit me to take over this equipment at cost as I
can use it on other wells in the area that require pumps
as the pressure drops. I have about $200,000 of this
type of equipment scattered over these three states. It
would make a much. cleaner loss to you if I should do this.
I hope I have made this clear, Dick. When we do hit that
good one, it will be easy enough to get the equipment.
Bill Graham and I have tried for six months to locate
a test that we would suggest to you. Each time we thought
we had one, we would cool off, and rightly SO. They
were all dry holes. But stay with us, Dick, and I am
sure 1966 will be a better year!
Best wishes to you and Pat
RTL:p
Russell T. Lund
P. S. Mr. Brown just telephoned to say that I will need
to buy a pumping unit for one of the gas wells that he
drilled for me early this year. It has turned from gas
to oil!
Richard Nixon
20 Broad Street
New York, New York