Study of Reconstruction Finance Corporation: Hearings Before a Subcommittee of the Committee on Banking and Currency, United States Senate, Eighty-first Congress, Second Session, on a Study of the Operations of the Reconstruction Finance Corporation Pursuant to S. Res. 219, Eighty-first Congress. Texmass Loan, April 13, 22 and 27, 1950, Volumes 22-23 |
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Page 4
... estimates that there are oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may ... estimate . Based on the calculations of the SEC engineer the loan would take considerably more than 20 years to pay ...
... estimates that there are oil reserves of approximately 12,500,000 barrels and that proceeds of some $ 28,650,000 may ... estimate . Based on the calculations of the SEC engineer the loan would take considerably more than 20 years to pay ...
Page 13
... estimates contained therein were too high ; that upon a reasonable estimation of these reserves there was no present value behind the securities proposed to be offered , and that the prospects of any future values were remote and ...
... estimates contained therein were too high ; that upon a reasonable estimation of these reserves there was no present value behind the securities proposed to be offered , and that the prospects of any future values were remote and ...
Page 14
... estimated amount of reserves , the dollar value of oil , lifting costs , rate of extraction , instead of an itemization of these factors themselves . The statement proposed , with appropriate revisions and provision for proper emphasis ...
... estimated amount of reserves , the dollar value of oil , lifting costs , rate of extraction , instead of an itemization of these factors themselves . The statement proposed , with appropriate revisions and provision for proper emphasis ...
Page 15
... gas in the ground as estimated by engineers following techniques of estima- tion which are approved by petroleum engineers generally . Reserves , by hypothesis , means oil in the ground STUDY OF RECONSTRUCTION FINANCE CORPORATION 15.
... gas in the ground as estimated by engineers following techniques of estima- tion which are approved by petroleum engineers generally . Reserves , by hypothesis , means oil in the ground STUDY OF RECONSTRUCTION FINANCE CORPORATION 15.
Page 16
... estimate to 7,067,650 barrels by making an allow- ance for proposed rehabilitation of the wells . In other words , he increased his estimate by 15 percent because of his opinion that re- habilitation of the wells might increase them by ...
... estimate to 7,067,650 barrels by making an allow- ance for proposed rehabilitation of the wells . In other words , he increased his estimate by 15 percent because of his opinion that re- habilitation of the wells might increase them by ...
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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 CONGRESS THE LIBRARY CONSIDINE Cooperative Refinery Association correct cost creditors Dallas debentures Debit developed disbursement drilling DUNHAM equipment estimate examiner fair market value figures Garrett gas reserves geologist GLIDDEN GUNDERSON HISE income indebtedness Investors Group Keplinger leasehold leases letter liabilities LIBRARY OF CONGRESS loan value Midway Oils mortgages MURRELL National Cooperative Refinery Notes payable oil and gas oil reserves operating opinion paragraph participate percent petroleum engineer Petroleum Reserve Corp present proceeds production properties prospectus proven reason recommended Reconstruction Finance Corporation record rehabilitation repayment Republic Steel Corp requested RESS review committee RFC loan RONAN schedule Senator DOUGLAS Senator FULBRIGHT September 15 statement subcommittee Swiss Oil Texas Texmass loan Texmass Petroleum Texmass Petroleum Co tion Total undeveloped reserves voting Washington examiner White
Popular passages
Page 112 - ... 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 6 - ... wholly owned Government corporations by the Government Corporation Control Act, as amended; (2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended...
Page 7 - 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 66 - 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 7 - 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 18 - At this point I would like to offer for the record a letter...
Page 7 - The audit shall be conducted at the place or places where the accounts of the respective corporations are normally kept. The representatives of the General Accounting Office shall have access to all books, accounts, financial records, reports, files, and all other papers, things, or property belonging to or in use by the respective corporations and necessary to facilitate the audit, and they shall be afforded full facilities for verifying transactions with the balances or securities held by depositaries,...