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..... .... ,. - ''''~....l 42 Valuation of Oil & Gas Reserves . If OU1' economy remains at the same relative level the value of the real property to be acquired, except for actual physical changes, noay be reasonably expected to remain fairly constant between the current date and the date of acquisi- tion if the latter date is not too remote in time. This is not true of oil and gas reserves in producing fields. Since this is a depleting asset the date of taking is of extreme importance in the valuation of these reserves and the rcsulting east of acquisiton. A t the present time only one of the produe ing fields h<ls been unitized. If, as of the date of taking, othcr fields are unitized tl1is factor would materially affect the loss that would accrue becG-use of the proposed taking. With informa- tion presently available the actual loss of future procluetbn eannot now be accurate- . 1y determined. An estimate of the cllrrent cost of acquisition of these reserves at some future unkno'-'!I1 date would, of necessity, be based on a n umber of highly specu- lative factors. Any such estimate would, in our opinJ.on, be, at best, misleading. Accordingly, we ila.Je r.ot inelurkd an estimate of eost of acquisition of . these assets in our repod. Weld County Site Ollr investigation indicates that tl1ere are no presently known oil or gas reserves within the proposed taking. Two dry holes l1ave been drilled in the area. .