[Letter from Thomas L. James to I. H. Kempner, April 6, 1953] Page: 1 of 2
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LATER-OFFICE LETTER
FOR MR. I. H. KEMPNER DATE April 6, 1953
SUBJECT Oil Activity - Charles H. Osmond 2-50SM 51590
WRITE ON BUT ONE SUBJECT TO BE USED BY ALL OFFICERS OR DEPARTMENT
ON THIS SHEET HEADS FOR INTER-OFFICE CORRESPONDENCE
Dear Mr. Kempner:
- -' As I told you over the telephone, Mr. Osmond turned down
our proposal of 1/4th royalty for two 640 acre tracts, as well
as our alternate proposal of 1/5th royalty and a 1/5th working
interest after the first well, also for the two 640 acre
tracts as per our discussion with you, Mr. Dan and Herb. when
you were here Thursday. Mr. Osmond said he would go ahead
under the original contract, which as you know, provides for
1/6th royalty and selection of a maximum of 1/2 the acreage
in tracts of 320 acres on a checkerboard basis. The contract
is dated December 18, 1952 and is for a term of six months.
Mr. Osmond is interested in the approximately 1200 acres
north of the Houston Highway here at Sugar Land. He wants the
contract for six months, similar to the Blakely deal, but will
give 1/5th royalty if we will give him the option of selecting
the entire tract.
In line with our telephone conversation this morning, we
will just mark time on this particular acreage until Mr. Osmond
commences drilling at Blakely and we get a report on Corpus
Christi Refining Company, which firm, as you know, has -indicated
an interest in some of the acreage here at Sugar Land.
I will keep you advised of further developments.
Yours very truly,
Thq . L. James.
cc: Mr. I. H. Kempner, Jr.
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James, Thomas Leroy. [Letter from Thomas L. James to I. H. Kempner, April 6, 1953], letter, April 6, 1953; (https://texashistory.unt.edu/ark:/67531/metapth1093146/m1/1/: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rosenberg Library.