...-cost forecasts through review of data furnished by potential sellers of more than 800 property packages during the past 6 years and detailed analysis of actual post-acquisition performance of 18 selected purchases. Consideration of these pitfalls will help evaluators prepare more accurate forecasts...

.... The acquisitionsvice president of the buying company may need to purchase something to confirmthe importance of his job. The definition also assumes that the buyer isknowledgeable. The seller of the property, who is associated with theoperations of the subject property, is usually in a better position to know...

...R.M. Russell Summary Purchasing producing oil and gas properties without consideration of the potential environmental liabilities attendant to ownership and operation is a trap for the unwary. Changes in the law governing injection operations, toxic waste, and groundwater contamination...

...-producing properties purchased during that period and to derive the oil and gas price projections, inflationary expectations, investment requirements, remaining reserves, payout, and the rate of return expected from the acquisition by purchasers. While originally used as a basis for property taxation...

... product. The following discussion identifies the options available in purchasing these products with specific software emphasis on purchasing these products with specific software emphasis on petroleum economics. Included is a discussion of the petroleum economics. Included is a discussion...

... to these high prices, purchasers were willing to take gas on a very high load factor-up to or exceeding 90% of the individual well's deliverability. Increasing gas prices, leveling of oil prices, and several other factors caused the gas market to soften during 1982. It appears that some changes in gas...

...-quarter lag. 1 2 1981 1 2 1981 1 2 1981 1 2 1981 1981. Society of Petroleum Engineers journal of petroleum technology implication tax rate phaseout market price category reserve value discount rate oil pricing policy purchaser windfall profit tax base price...

... the producers in this field were familiar with U. S. gas producers in this field were familiar with U. S. gas contracts and with competing gas purchasers. In the U. K. there is from a practical standpoint only one gas purchaser, the British Gas Council. Of course, this results in handling gas matters in the U...

...J.C. Anderson; L.M. McMillon Pan American Petroleum Corp. has installed a field wide automatic gas-flow control system which automatically maintains and transfers to the pipeline a volume of gas equal to the purchaser's demand. The system controls production from 32 gas completions in the South...

... 1950's opened a new era in financing, etc. More recently, a 1961 press release by the Internal Revenue Service threatened the use of reserved production payments and caused wide concern among prospective sellers, purchasers and banks. Even though the "threat" was rescinded after several months, certain...

.... Various factors not encompassed by the engineering appraisal affect these prices, including finding costs, refinery needs, refining and marketing profits, geographic location of properties, tax position of purchaser, rate of return sought, purchases by groups, management philosophy, type of purchase...

... for the sum of $750,000. B secures the $750,000 with which to purchase the payment by a borrowing at 6 per cent interest from a lending institution, and secures that loan by a mortgage and deed of trust on and an assignment of the runs and deliveries accruing to the production payment. Past IRS Rulings...

.... With lots of plus factors the buyer might stretch his purchase price slightly, but undeveloped secondary reserves had no significant effect on the purchase price. Today it is more difficult to determine the market value of undeveloped secondary reserves. In many cases involving a large spread of properties...

... produced 6.05 trillion cu ft of gas in 1958, and this gas production is paying the way for many operators during the current low oil flow days. Gas proration is becoming more important as Texas gas production increases and should be generally understood by all producers and purchasers of gas of Texas. New...

... be said that production payments are useful taxwise (1) in the acquisition of producing properties under circum- stances whereby the proceeds of the sale of runs at- tributable to the production payment will not be tax- able to the purchaser of the leasehold estate or work- ing interest, (2) in acquiring...

.... Original copyright American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc. Copyright has expired. investment Upstream Oil & Gas Reservoir Characterization purchaser structural geology natural gas property quantity evaluator gas property acreage availability gas...