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Show Record and had an interest in certain permits down there. It had that interest through the Utah Oil Refining and Midwest Exploration 2948 Companies. When I went down there on December 31, 1925, they thought they had struck oil and had one well down two thousand and twenty- eight feet. I was never there before they started to drill and all of the heavy equipment for their drilling operation had already been placed upon the ground before I 2949 made my first visit. It is not necessarily the practice of my company to make a recognizance before they go to the expense of getting their equipment and supplies on the ground for drilling operations. After my company decides to drill a structure, it is our practice to just go ahead without making any recognizance with reference to cost of transportation or methods of getting material in. The statement I have just made requires qualification 2951 The explanation I desire to make is that when a structure is brought to the company for drilling, an estimate is prepared of the cost of the well. If it is a recommended structure and our cost is not excessive, we quite often drill a well without due regard to pipe line or road facilities. " 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 2952 will spend for it." When company expected to drill at Elk Ridge it built a road before any drilling operations were commenced. 2954 I didn't necessarily make any estimate of what the cost of upkeep of the road would be after the initial expenditure was made. I think I know the comparative cost of a truck and a boat like the large Moab Garage boat. The boat would cost about one and a half times the cost of the type of truck I had in mind, 2955 possibly twice as much. The truck would carry six tons and the boat would carry fifteen tons. I don't think that boat carried thirty tons. We did not at any time contemplate the construction of a road until and unless there developed a producing field there. Until it became a producing field we decided that the feasible and |