Study of Reconstruction Finance Corporation, Hearings Before a Subcommittee of ..., 81-2 ..., Texmas Loan, April 13, 22, and 27, 19501949 - 270 pages |
From inside the book
Results 1-5 of 65
Page 13
... leases in which the promoters retained overriding royalties . These overriding royalties and other assets were subsequently conveyed to Texmass by its promoters . As part of the plan of reorganization of Texmass and other com- panies ...
... leases in which the promoters retained overriding royalties . These overriding royalties and other assets were subsequently conveyed to Texmass by its promoters . As part of the plan of reorganization of Texmass and other com- panies ...
Page 28
... leases to be pledged to us in many different counties in six different States . We are also acquiring the working interest in the Texmass properties from these investors . Under the SEC ruling those could not be obtained until that had ...
... leases to be pledged to us in many different counties in six different States . We are also acquiring the working interest in the Texmass properties from these investors . Under the SEC ruling those could not be obtained until that had ...
Page 35
... leases are situated in the highly developed midcontinent region where pipe lines are readily available and the leases are easily accessible to these lines . Nearly all of the leases are connected to pipe - line companies who in turn ...
... leases are situated in the highly developed midcontinent region where pipe lines are readily available and the leases are easily accessible to these lines . Nearly all of the leases are connected to pipe - line companies who in turn ...
Page 36
... leases decline and that the rehabilitation work is largely a matter of holding production and hence values at their present level rather than effecting any pro- nounced increase . Additional drilling will effect an increase in value ...
... leases decline and that the rehabilitation work is largely a matter of holding production and hence values at their present level rather than effecting any pro- nounced increase . Additional drilling will effect an increase in value ...
Page 38
... leases . It is my opinion that the whole loan picture would be improved by the sale of the California leases when sufficient rehabilitation of these leases has been accomplished . ( The letter and schedule referred to follow :) Mr ...
... leases . It is my opinion that the whole loan picture would be improved by the sale of the California leases when sufficient rehabilitation of these leases has been accomplished . ( The letter and schedule referred to follow :) Mr ...
Common terms and phrases
accounts payable Agency Manager amount applicant company appraisal approved assets basis believe Board of Directors borrower capital cash cents a barrel CONSIDINE correct cost creditors Dallas debentures Debit decline developed disbursement drilling DUNHAM equipment estimate examiner Fagadau fair market value figures Garrett gas reserves geologist GLIDDEN GUNDERSON hereof HISE income indebtedness Investors Group Keplinger leasehold leases letter liabilities loan value Midway Oils MURRELL National Cooperative Refinery notes payable oil and gas oil business oil reserves operating opinion paragraph participate percent petroleum engineer Petroleum Reserve Corp present production properties prospectus proven question reason recommended Reconstruction Finance Corporation record referred rehabilitation repayment Republic National Bank Republic Steel Corp requested review committee RFC loan RONAN schedule secured Senator DOUGLAS Senator FULBRIGHT September 15 Snowden statement subcommittee Swiss Oil Texas Texmass loan Texmass Petroleum Texmass Petroleum Co tion Total undeveloped reserves voting White
Popular passages
Page 106 - ... of such sound value or so secured as reasonably to assure retirement or repayment, and such loans may be made either directly or in cooperation with banks or other lending institutions through agreements to participate or by the purchase of participations or otherwise.
Page 1 - The report shall also show specifically any program, expenditure, or other financial transaction or undertaking observed in the course of the audit, which, in the opinion of the Comptroller General, has been carried on or made withouth authority of law.
Page 1 - Office in accordance with the principles and procedures applicable to commercial corporate transactions and under such rules and regulations as may be prescribed by the Comptroller General of the United States. The audit shall be conducted at the place or places where accounts of the Corporation are normally kept.
Page 60 - Senate and House of Representatives and to all other public officials concerned with the Forks Site project. Adopted this 19th day of April 1966.
Page 1 - The report shall set forth the scope of the audit and shall include a statement (showing intercorporate relations) of assets and liabilities, capital and surplus or deficit ; a statement of surplus or deficit analysis; a statement of income and expense; a...
Page 12 - At this point I would like to offer for the record a letter...