OCR Text |
Show Record In response to question propounded by the Special Master Mr. Cleary testified as follows: 2956 I only know the cost of the Moab Garage boat from memory, and I recall that its cost was about twelve thousand dollars, and was basing my estimate on that cost. However, that is a guess. If the owner of the boat, Mr. Clark, has testified that the boat cost seven thousand dollars, my answer would not be the same as I gave when comparing the truck and the boat; then they would be about the same. A truck of the type we used cost sixty- six hundred and eighty- five dollars. On the first twenty- four hour run made in the middle of January, we produced two hundred and thirty- eight barrels of oil; the first flow, not exceeding two hundred barrels, was wasted; on the third twenty- four hour run we produced eighty barrels, and for something over a month after that we produced forty barrels 2957 of oil and about four hundred barrels of water. The well stopped producing when they drilled through this particular sand, and along that summer they picked up two more; then as we abandoned the well it was plugged back from the bottom to a point 30- 36 and we tried to produce; again we plugged to 20- 28, and at that point the company that succeeded my company produced fuel oil. The last production of oil by my company was in November of December, 1926, and the well was not then producing in a commercial form. The Elk Ridge drilling did not encounter oil and is a dry hole in granite. We have drilled thirteen or fourteen dry holes 2958 in Utah, eight or ten of which are in the southeastern part of the state, where we drilled three wells on the Colorado River and completed a fourth, and also drilled one well at Elk Ridge, one at Cedar Mesa and one at Gypsum Creek on the Arizona line. All of these wells were drilled from geological examination and on true structures. We used the oil that we produced from the well on the Colorado River for fuel oil and in the drilling of another well, and I don't think any of it was taken up the river. If it was it was for test purposes. |