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《(3 ) Oil and Gas Property Acquisition .》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、PETROLEUMECONOMICSOiland(XMIPropertyAcquisitionWALLACEW.WILSONCONTINENTALILLINOISNATIONALBANK&TRUSTCO.MEMtiERAIMECHICAGO,ILL,AbstmictItisinterestingheretonotethattheeconomiccircum-stanceswhichcreateasupplyofpropertiesforsalehaveDuringthelast10years,therehasbeenincr
2、easingbroughtaboutademandforpropertiestobuy.emphasispiacedontheacquisitionofproduclngpropertiesbyoutrightpurchase.Thistrendisaresultofthedepressedconditionofthepetroleumindustry,theimpactoftaxesTheABCTranstscthmandtheincreasingcostsofreplacingreservesthroughex-pror
3、ationanddevelopmentProceduresareoutlinedwhere-Thecriticalingredientisafeasibiemethodoffinancing—notonlytosupplythesubstantialamountsofmoneybythqactivitymaybeorgardzedonamotwsystematicbasisbyoperatorswhocontemplatethisapproachtoex-required,butaisoonewhichdoes’notini
4、tselfcreate.ad-pansionarulgrowth.Methodsoffinancingthepurchaseofditionaltaxproblemsforthesellerorthebuyer,Theapproachwhichhasbeenusedinnearlyalltransactionspropertiesarereviewed,withemphasisplacedoncurrentprrrbiemscreatedbytheincreaseddemandfordesirableofanysizeist
5、heso-tailedABCorreservedproductionpaymentmethod,whichwill%ediscussedinmoredetail,properties,Inessence,thepurchasersuppliesequitycashamountingtoonlyasmallpartofthetotalconsideration.ThebalanceIntroductionisprovidedbythesaleofaproductionpaymenttoathirdDuringtheiast10
6、years,the’oilindustryhaswitnessedparty,withoutsidefinancingfrombanksorothersources.acceleratedactivityinbuyingandsellingproducingprop-Theloanisretiredoutofincometotheproductionpay-erties,transactionswhichrangeinsizefromindividualment,whichdoesnotrepresenttaxableinc
7、ometotheleasestotheassetsofentirecompanies.Therearethosepurchaser.Theadvantagesofthisproceduretothebuyer,whoviewthiswithalarm,believingittobeatrendtowardcomparedwithastraightcashpurchase,oftenareverytheeliminationoftheindependentoperator.Othersseesubstantial.In.ast
8、raightcashdeal,thebuyermustretireitasmerelyalogicaloutgrowthofcurrenteconomiccon-theentireinvestmentoutofafter-taxincome;withABCditionsandthereal
