The book Financing An Enterprise was written by author Conyngton, Hugh Ronald, 1860- Here you can read free online of Financing An Enterprise book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Financing An Enterprise a good or bad book?
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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.
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