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This text is useful to evaluate an oil property. It includes measures of investment worth, reserve analysis, production forecasting, costs, determining working and net revenue interest, severance and ad valorem taxes, a short discussion on the evaluation report. Contents include: Basic concepts; Time value of money; Investment decision analysis; Reserve estimation; Decline curves; Oil and gas prices; Oilfield deals; Costs, Severance and ad valorem taxes; Windfall profit tax; Federal income taxation of oil and gas transactions; The report; Appendices.
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