Hydraulic Fracturing in Unconventional Reservoirs

Equation 18.28 ATAX monthly undiscounted NCF.

BTAX monthly undiscounted NCF=$

Corporation tax=$.

Example

Assuming a corporation tax rate of 35%, calculate monthly corporation tax and ATAX monthly undiscounted NCF for the first year using the assumptions listed in Table 18.22.

Table 18.22

ATAX Monthly Undiscounted NCF Example Problem

Month	BTAX Monthly Undiscounted NCF	Taxable Income	Corporation Tax Rate
0	−$4,379,096	−$3,897,395	35%
1	$253,794	$248,058	35%
2	$207,166	$201,429	35%
3	$178,231	$172,495	35%
4	$158,156	$152,420	35%
5	$143,241	$137,505	35%
6	$131,633	$125,897	35%
7	$122,288	$116,552	35%
8	$114,571	$108,835	35%
9	$108,068 ...