The Cost Of Maintaining, Production In California Oil Fields (659702b5-41de-4d4f-81c7-506c87c62270)

Discussion of the paper of AI. E. LOMBARDI, presented at the San Francisco meeting, September, 1915, and printed in Bulletin No. 105, September, 1915, pp. 2109 to 2114. C. D. KEEN, Shreveport, La.-Did Mr. Lombardi include in his figures the purchase price of the property? M. E. LOMBARDI, Berkeley, Cal.-No. C. D. KEEN.-Suppose I pay $1,000 per acre for it, and in four or five years it is worked out. M. E. LOMBARDI.-That is a question of depreciation and must be added to my figures. MARK L. REQUA, San Francisco, Cal.-You say it cost $35,000 to $40,000 a year to maintain 1,000-bbl. per day production? M. E. LOMBARDI.-Yes, 1,000 bbl: a day would cost $40,000 a year to maintain.