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
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Page 4
... oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may be expected from operation of the properties which had been developed at the date of the report . On the basis of these reserves and this ...
... oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may be expected from operation of the properties which had been developed at the date of the report . On the basis of these reserves and this ...
Page 7
... oil , it is reasonable to assume that this schedule can be met and that the ... reserves which cannot be counted upon . ” Following the adverse report of ... petroleum engineers who apparently did not inspect the properties , voted to ...
... oil , it is reasonable to assume that this schedule can be met and that the ... reserves which cannot be counted upon . ” Following the adverse report of ... petroleum engineers who apparently did not inspect the properties , voted to ...
Page 13
... oil leases in which the promoters retained overriding royalties . These overriding royalties and other assets were ... reserves , and after conference with the engineers who prepared such reports , it appeared to the staff that the reserve ...
... oil leases in which the promoters retained overriding royalties . These overriding royalties and other assets were ... reserves , and after conference with the engineers who prepared such reports , it appeared to the staff that the reserve ...
Page 14
... petroleum engineers , it appears that the developed oil and gas reserves and the reserves contained in the proven but undeveloped acreage controlled and to be controlled by the company are insufficient to create a present value for the ...
... petroleum engineers , it appears that the developed oil and gas reserves and the reserves contained in the proven but undeveloped acreage controlled and to be controlled by the company are insufficient to create a present value for the ...
Page 15
... oil reserves " ? Mr. HELLER . " Oil reserves " refers to the amount of oil or gas in the ground as estimated by engineers following techniques of estima- tion which are approved by petroleum engineers generally . Reserves , by ...
... oil reserves " ? Mr. HELLER . " Oil reserves " refers to the amount of oil or gas in the ground as estimated by engineers following techniques of estima- tion which are approved by petroleum engineers generally . Reserves , by ...
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...