Show I I HUMBLE OIL On REF CO Carter Division Nov 7 1960 Mr Samuel J. J Taylor The Times Independent Moab Utah Dear Mr Taylor Congratulations on your excellent ex ex- excellent editorial to one which appeared In the October 27 issue of your paper If more people were as well a with the subject of percentage depletion as you are we would have much less difficulty in the years ahead As you probably know we weare weare weare are presently drilling a well on our Bridger Jack Unit near Mo Mo- ab While the chances of discovery discovery discovery ery are probably a little better than to one Inasmuch as Moab Is in a more pros prospective I territory our odds are still very great Due to the rugged terrain terrain terrain ter ter- ter- ter rain our seismic work In the Bridget Bridger Jack area was extremely extreme extreme- ly by difficult and Inconclusive Only by the drill and the expenditure expenditure of many thousands of dollars will we be able to determine de do termine whether or not this prospect has hos any merit We hope for the best but we recognize recognize recognize nize that our odds of discovery are probably one In 50 or more Many thanks for an excellent editorial Very truly yours RAYMOND D. D SLOAN UTAH PETROLEUM COUNCIL Nov 7 1960 Mr Sam Taylor Moab Utah Dear Sam I have noted your recent edItorial editorial editorial ed ed- ed- ed entitled Nine Hundred to One OM shot in your issue of Oct 27 I want to express my appreciation atlon for this fine editorial and your splendid defense of the present percentage depletion rate If you have no objection I should like to have the opportunity opportunity op op- of distributing this editorial to some of the newspapers news papers in the state Thanks again for tor a fine endorsement endorsement endorsement en en- of or ora a sound principle Cordially yours JOHN H. H KLAS KIAS Executive Director |