| Show plans of giant ledge oil company of interest to the uintah basin C guy wakefield president 0 of the above company in a special interview with the standard representative senta tive in salt lake city said regarding development work in this section Bec tion abe gerneral gei public are so accustomed cus tomed to looking at oil development and considering it about uie me saime as a horse race or a poker game that it is difficult for the average man to believe that it is possible to conduct an am oil development business as an ordinary business on sound economic lines according to a plan they seem to forget completely that the structure has beva ben therle for several million years and act like it Is liable to get away it it drilled immediately they apparently do not no ale alize viat it is better to let it stay chere for six months er than to in and undertake to do business in an way this very attitude of 0 thie the public sometimes spurs companas comp anys on and results in their failure take our operations on oa the leland well to date as an illustration we 10 lo not doubt but what many unthinking persons will believe that we have bave abandoned operations there mere because we are not therle thena looking ht at it every minute the reasoning person will instantly say that it if our operations opie rations were to be confined to what two or men could do in a district ot of only scattered scatter edi homes with no more avenues tor for loose wealth to ito be available tor for investment t than a now new country liked like tile the basin that it as well be as it never would grow above the penny ante class it takes lots ot of money to successfully cess ress fully drill an oil well it takes a lot more it if the company undertakes to slant up go as far as their little money will permit then shut down and start up again when they ralso raise some more money this is one ot of the greatest hazards in the oil business and why we advocate that the stock ot of a company which Is le dependent pendent on th s results ot of a well they axe are going to raise the money to drill is a very investment the sort of ell cil investment that cauls we advocate Is embodied in our oil clubs which gives the investor the right to ao the oil in tile the lands around a number of structures and makes him independent of the operations ot of the company selling ta interest or any 0 of tie itie I 0 companies on sales made by us to date four of tile the structures are now beang d dolop ed and the fifth skull creek Is under contract to be developed the results so tar far as ithe investor is concerned here ber Is not mot dependent dependant at all on anything we as a company ao 30 do in the ay way of drilling ing our sales of oil clubs this summer rummer was in ithe ime nature mature of a diemon demon ett rt ration of the salability of kind it if an article with the general we did not expect to raise through the efforts of and two or three experienced men sufficient money with which to do vety very much we put into the preparatory work dose done there more than what all the cash received amounted to wis we did not make any money out or of it for ourselves but we did prove that what we offer Is a salable commodity now the next question is to market it we do not need to confine ourselves to the b baele elti or any w else people in new want to make money just as much as itsie ones in the basin it means a great deal mora to the pc people ople of uintah basin for us to in to the basin a lot of busil money with which to do the development work needed to limit our operations hers to the th amount of 1 I 1 vo rv ii i ic ml ent kwork ae mony they at ai able to put at would 10 lo do the people of uintah basin arc ex extremely tremBly loyal and believe in their country and go the limit in assisting to 0 develop it and its possibilities but their resources are limited what is needed out thare e is a lot of outside money and we propose to bring it to the basin the people there havi hav slowed showed us the way to do it or rather approved appi oved our dur way of doing it nw nr we propose to go out all over the nativa to get the money to bring to tile the basin to lo do its development we arte now engaged engage dr I 1 in preparing the literature to tell the tory of uintah basin to the farthermost thera ther most ot parts of the would the the literature we are setting getting out is class from kiver to kiver I 1 it t is r bel being prepared under the s supervision 0 of the largest institution in tho the world that makes a specialty ot of mall mail and such material we expect the art work alone alon to cost about in all my experience in this bu business giness I 1 have seen anything like what we are now preparing prep arius to print wild and whenever wA never this literature shows up in a marxs mans mailbox he be will think that so something methin has arrived it will be a tilting fitting tion of the wonders of the uintah basin basil the manner of use ot of this campaign is also entirely different than what la is usually lonii dono and will arwill I 1 be such as to produce itt real al results I 1 feel that the of uintah busin basin development is solved I 1 and the people ot of the basin have ni it by the manner in which they received our oil clubs thip flip summer rho ihl ip worl work which we accomplished there this summer will b bi hae ready for us we get gel tue money to comina coni ln in so that much is done W dont wart a little money we want lots of money with which to drill and test lest the basin and really find out just what there is there and do it right and we wre satisfied that that money will now be available in the very near future for the information of those imle resI in skull creek and who know that john W mcgee the 1 nf f the matador oil company Is under contract to cirill 1 it tat lat me sav that the matador Ala tador company 1 e a contract tor for the salia sala of bhear oil to the sinclair company and secured permission to I 1 run 1000 barrels peir day from the railway commission of texas which adds that much more steady income to that company and kalwil them hem still stronger than heretofore this Is one ot of the tha deals deala I 1 made and sTio should be remembert d along with the mude ellen operation at vernal when anyone won dere de rs I 1 am accomplishing anything in the way of development of tile 0 basin incidentally zihere anere Is some good late information about both the maule maude ellen and the 6 western venture wells but since it came to me confidentially I 1 am not at liberty to disclose it further than to say bay that it Is good and mighty good let thie the people of the basin have a little patience altiere hi ere Is consitt able doing anid and not a great deal being said something Is liable to break out there anytime that will malce the atmosphere considerable more rosy than it Is at present |
