11. Name and address of the party making the land classification, as covered in questions 9 and 10. Well data. 12. Furnish the following data regarding the wells as of date of valuation: (a) Number of wells producing.... ritory ...... (b) Number of wells abandoned or suspended. (c) Number of wells drilling.. (d) Number of new locations yet remaining undrilled on proven ter 13. (a) Number of producing oil and/or gas sands proven on property.... (c) Any other information regarding conditions in wells which might (d) List of oil wells as of date of valuation, showing the following 14. Submit table similar to 14 (h), showing (a) Production of tract by calendar years, from the beginning of production to date of valuation, with average number of wells producing each year. (b) The same information for calendar years subsequent to date of valuation. Note.-Attach separate statement for each tract, entering your totals only on this sheet. (c) Amount received each year for production mentioned in (a) and (b). (d) Average price per barrel received for oil, given by years since production began. Also, (e) Total production prior to date of valuation, (f) Total production subsequent to date of valuation, barrels. bbls. (9) Total amount received for production mentioned in (e) and (ƒ). (i) If the tract or wells have been producing for less than two years, monthly production figures must be furnished. 15. (a) Production of individual wells, by calendar years from beginning of production to date of valuation, if such data are available. (b) Same information for period subsequent to date of valuation. (c) If, through any cause, it is impossible to give yearly production records of any individual wells, state the reasons why this information is not available. Note. As these production data furnish the foundation for estimating deple tion allowance, it is very important that they be given completely and accurately. Oil and Gas Reserves in Property. 16. (a) What was the estimated total number of units of oil and/or gas in the property on date of valuation?... (b) How was this estimate made?...... (c) Append a copy of the appraisal from which the estimates were derived, or append a résumé of the calculations utilized in making the estimate. (d) Give name and address of party making the estimate. Note.-Attach separate statement for each tract, entering your totals only on this sheet. Specific Gravity. 17. (a) State range in specific gravity of oil recovered.. (b) State average specific gravity of oil delivered.. (c) If more than one grade delivered, give percentage of each for year of valuation. Casing-head Gas. 18. Submit table similar to 18 (i), showing (a) Quantity of casing-head gas produced, by months, from date of first production to date of valuation. (b) The same information for the period subsequent to date of valu ation. (c) Average number of wells contributing to this production each month. (d) In case the gas is sold, give the amount received each month for gas mentioned in (a) and (b). (e) Quantity of gasoline, in gallons, recovered each month from (f) Amount received each month for gasoline mentioned in (e). 18 (1). TABLE OF CASING-HEAD GAS DATA ON............TRACT. 1 Note. These oil production data are very important, as they are used as the basis for computing the depletion allowances in the case of gas deposits. Note.-Attach separate statement for each tract, entering your totals only on this sheet. Gas well data. 19. Submit table similar to 19 (h), giving list of gas wells as of date of valuation, and showing (a) Number or letter by which each is designated. (c) Date of beginning production. (e) Initial open-flow capacity. (f) Initial closed rock pressure. (9) Closed rock pressure as of date of valuation. 19 (h). TABLE OF GAS WELL DATA ON TRACT. 20. Submit table similar to 20 (e), showing (a) Production (of gas) by calendar years from beginning of pro- (b) Same information for years subsequent to date of valuation. (d) Average price per thousand cubic feet of gas, by years, from be- 20 (e). TABLE OF PRODUCTION AND VALUE OF GAS. Note.-Attach separate statement for each tract, entering your totals only on this sheet. (f) Total yield from beginning production to date of valuation..... ....cubic feet. (g) Total yield from beginning production to date,... feet. .cubic 21. Production of individual wells by calendar years for all wells to end of taxable year. 22. (a) Average rock pressure in September of each year during which production has been maintained. (b) Rock pressure of individual or test wells on tract. (Answers should be attached as a separate statement giving all rock pressures measured during life of the well or property. The method used in measuring pressures should be mentioned.) Note. As these production and closed pressure data furnish the foundation for estimating depletion allowances, it is very important that they be given completely and accurately. Valuation of Property. 23. (a) What was the fair market value of the property as of date of valuation?..... .... (b) How was this value ascertained? (1) By comparison with values established by actual sales of similar properties? 24. If by comparison with values of other properties established by actual sales of these properties, give the details regarding each transaction so used and your basis of comparison... 25. Give the following information regarding any bona fide transactions in oil or gas properties in the region of the tract under discussion, about which you are able to obtain data. (f) Character of property transferred-fee title or leasehold?.. Note.-Attach separate statement for each tract, entering your totals only on this sheet. |