7/30/38 Letter:
4 WEST 43RD STREET
NEW YORK
CARMERSON CORPORATION owns what was formerly called the
Pinehurst Plantation and the Bennett Land comprising 1440 and
400 acres respectively, and holds leases on 1200 acres
adjoining easterly - all in Smith County, Texas, midway
between Big Sandy in Upshur County and Winona in Smith
County. The Sabine River forms the Northern Boundary of the
combined tracts.
A well was drilled to the depth of 4931 feet on the North
East corner of the Bennet tract - this well passed through a
good showing of oil and gas at a depth of 4867 feet, in
Woodbine Sand, but was driven through to Salt Water. The
principals interested are: [
2246], [
2091], Charles M.
Collier, Edward R. Aranow, Joseph Forbs, CAROLYN B. HASTINGS,
Georgia C. Corner.
We are offered a substantial interest if we will provide
sufficient capital to protect the titles of these holdings
and drill another well.
Would such arrangement be successful and profitable to all
concerned - bearing in mind the purpose and "principle" under
which participation in or operation of properties containing
metals or oil, is contemplated.
Can it be suggested as to what the terms or arrangement of
participation should be in fairness to all concerned.
In view of general world and national conditions facing
humanity in the immediate future, would this new source of
oil supply be useful and profitable to the producers?
Can the best locality for a well on this tract, be described
in direction & distance from the well now drilled on the
Bennt tract?
To what depth should this be drilled?
REPORTS
7/30/38 P.M. Mr. [
1561] secured a personal reading regarding
his holdings in Montana, etc. - See
1561-3.
8/02/38 See a continuation of the Smith County, Texas property
under
1561-4, and Mr. [
1561]'s reading
1561-5 on Culpepper
Co., Va. property.



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