Financing An Enterprise
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In our eReader you can find the full English version of the book. Read Financing An Enterprise Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Financing An Enterprise
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at $3.50 $58,509.00 Less: Lifting cost 19,900 bbls. at 70 cents 13,930.00 l44,S79-oo Less: Loss first year 33,724.00 Gross profit on one well $10,855.00 From the above gross profits the portion of the bonus for the lease and the overhead expense chargeable to the well must be paid.
Interest on the investment must also be charged. It is evident that VOL. I — 10 146 INVESTIGATION OP AN ENTERPRISE the purchase is not warranted. This is an exact review of a problem presented to the writer by a clie...nt. . . .
In the example given if the sand had been 1,800 to 2,000 feet in depth, the lease would have been profitable. If such had been the case the drilling cost would only have been one-third the cost of a well 3,200 feet deep. If the tract had been better located it would have made weUs of 200 barrels initial capacity and the purchase would have been advisable. . . .
The above methods are used by practically all the successful companies in the oil business. * * Mawiy B&tesin Maeanine of Iht New York Petroleum Exchange, November, 1920.
What to read after Financing An Enterprise?
You can find similar books in the "Read Also" column, or choose other free books by Conyngton, Hugh Ronald, 1860- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
at $3.50 $58,509.00 Less: Lifting cost 19,900 bbls. at 70 cents 13,930.00 l44,S79-oo Less: Loss first year 33,724.00 Gross profit on one well $10,855.00 From the above gross profits the portion of the bonus for the lease and the overhead expense chargeable to the well must be paid.
Interest on the investment must also be charged. It is evident that VOL. I — 10 146 INVESTIGATION OP AN ENTERPRISE the purchase is not warranted. This is an exact review of a problem presented to the writer by a clie...nt. . . .
In the example given if the sand had been 1,800 to 2,000 feet in depth, the lease would have been profitable. If such had been the case the drilling cost would only have been one-third the cost of a well 3,200 feet deep. If the tract had been better located it would have made weUs of 200 barrels initial capacity and the purchase would have been advisable. . . .
The above methods are used by practically all the successful companies in the oil business. * * Mawiy B&tesin Maeanine of Iht New York Petroleum Exchange, November, 1920.
What to read after Financing An Enterprise?
You can find similar books in the "Read Also" column, or choose other free books by Conyngton, Hugh Ronald, 1860- to read onlineMoreLess
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