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Show 4938 Cleary- C 2951 what you think is done. A When a structure is brought to the company for drilling, an estimate is prepared of the cost of that well. It is put before the executive committee for approval or disapproval. The estimate itself is based sometimes on my estimate sitting in Casper and knowing about the country down here. Quite often it is on the road, if that is logical, -- if it is a recommended structure and our cost isn't excessive, we quite often drill a well without due regard to pipe line facilities or road facilities. We know if we get oil, it will be there when we go to get it. We are drilling one down here now -- BY MR. FARNSWORTH: Q Do you want to make further explanation? A -- that our pipe line hasn't been brought out. I know what type of country it is, and how we can build a pipe line; its cost, and the size of the well, we determine after the well is in, how much we will spend for it. Q That is all the explanation you care to make, is it, or qualification? A I believe it is; I may ask for something further next time. Q At times it is the practice of your company to go forward, initiate drilling operations at a certain place without investigating the matter of transportation of equipment and |