Valuation, depreciation and the rate base

Bibliographic data

Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. The valuation of mines and oil properties

Collection:: Economics Books

THE VALUATION OF MINES AND OIL PROPERTIES 257 ductive. Subsequent experience indicates that this safety factor was not sufficient. A method of oil land valuation, which has been applied more recently, is that adopted by the engineers in valuing the proper- ties which market their product through the Independent Oil Producers Agency, which valuation had in view the merging of a number of companies in one large organization or corporation. The method used was based on the determination of a pro- duction curve for each property. A study of the history of producing wells has given basis for the assumption that the wells in a field constantly decrease in production at a rate the changes of which can be plotted in curves and, using these curves as a basis, old wells, new wells and wells not yet drilled can all be taken into account in estimating the future production of the oil lands. The total operating expenses have been estimated from existing records and the prospective future net receipts have been discounted in obtaining the present value of the prop- erties. Amortization of all capital except the salvage of sur- face improvements has been assumed to take place in ten years. ‘ History” is also prerequisite to this method and attention should be called to the fact that, because of the inaccessibility of the reservoirs of oil, the more extensive the record of previous operations, the more satisfactory will be the valuation no matter what method may be adopted. PRODUCTION AND PRICE OF COPPER, SILVER, LEAD AND ZINC IN THE UNITED STATES Plates and Tables Accompanying Chapter on Valuation of Mines and Oil Properties Figures 4 to 7, and Tables 15 to 18 which directly follow this page deal only with four of the principal metals, copper, silver, lead and zinc. The statistics given are based on the best available data and the figures are believed to be sufficiently accurate to justify their use by valuating engineers who have in hand problems in which these metals have a part. The figures submitted for the United States prices and pro- duction are those of the United States Geological Survey.

Access restriction

Copyright

fullscreen: Valuation, depreciation and the rate base

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation