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Keywords: borrower
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Permian Basin Oil Recovery Conference, May 10–11, 1965
Paper Number: SPE-1139-MS
... are not fulfilled. The production payment loan differs from the direct mortgage loan in the identity of the borrower. The owner of the properties is still the beneficiary of the transaction, but for sufficient reasons, he elects to sell a production payment for cash rather than borrow direct. The sale is effected...
