Manual for the Oil And Gas Industry Under the Revenue Act of 1918
Manual for the Oil And Gas Industry Under the Revenue Act of 1918
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In our eReader you can find the full English version of the book. Read Manual for the Oil And Gas Industry Under the Revenue Act of 1918 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 Manual for the Oil And Gas Industry Under the Revenue Act of 1918
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To quickly assess the difficulty of the text, read a short excerpt:
Suppose the well actually produced 20 barrels per day, however, instead of 16 barrels, or 7,300 barrels for the year instead of 5,640.
This means that the well is above the average by 30 per cent, and 74 MANUAL FOE THE OIL AND GAS INDUSTRY.
proper corrections are therefore made. By this means estimates may be corrected yearly and the depletion charges made more and more accurate as time goes on.
Unusual cases will have to be dealt with separately. For instance, it may not be possible to make tr...ustworthy estimates of the future production of some wells by this method, because of the irregularity of their production. Also, those wells wherein stimulative processes are used wUl have to be considered separately. Wherever the wells on a property produce regularly, however, and where the property is fairly well drilled up, and the proved acreage can be easily deter- mined, the above method should be of great value to the oil pro- ducers in making estimates of future production.
The same general procedure may be applied in making estimates of the ultimate production of undrilled but proven oil land.
What to read after Manual for the Oil And Gas Industry Under the Revenue Act of 1918?
You can find similar books in the "Read Also" column, or choose other free books by United States. Internal Revenue Service to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Suppose the well actually produced 20 barrels per day, however, instead of 16 barrels, or 7,300 barrels for the year instead of 5,640.
This means that the well is above the average by 30 per cent, and 74 MANUAL FOE THE OIL AND GAS INDUSTRY.
proper corrections are therefore made. By this means estimates may be corrected yearly and the depletion charges made more and more accurate as time goes on.
Unusual cases will have to be dealt with separately. For instance, it may not be possible to make tr...ustworthy estimates of the future production of some wells by this method, because of the irregularity of their production. Also, those wells wherein stimulative processes are used wUl have to be considered separately. Wherever the wells on a property produce regularly, however, and where the property is fairly well drilled up, and the proved acreage can be easily deter- mined, the above method should be of great value to the oil pro- ducers in making estimates of future production.
The same general procedure may be applied in making estimates of the ultimate production of undrilled but proven oil land.
What to read after Manual for the Oil And Gas Industry Under the Revenue Act of 1918?
You can find similar books in the "Read Also" column, or choose other free books by United States. Internal Revenue Service to read onlineMoreLess
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