Business, 10.10.2019 19:00 jae222

An oil and gas producing company owns 42,000 acres of land in a southeastern state. it operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year. the revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year. what bid should be made to purchase this property if the potential buyer is hoping to make 11% per year on his investment over a period of 9 years?

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An oil and gas producing company owns 42,000 acres of land in a southeastern state. it operates 630...

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