Mr. Stephens sold the surface rights and retained the mineral rights in some land in Texas. He leases the land to George Oil Company, reserving a 1/5 royalty.

During 2019, George Oil Company makes the following assignments:

a. To Fisher Petroleum, an ORI of 1/7 of George’s interest

b. To Wilson Bank, a production payment interest of 45,000 barrels of oil to be paid out of 1/4 of the working interest’s share of production (i.e., Wilson gets 1/4 of this production until it receives a total of 45,000 barrels)

c. To Crank Oil Company, a joint working interest of 1/3 after giving consideration to all the above assignments.

REQUIRED: Assuming gross production is 90,000 barrels, calculate each owner’s share. (Ignore rounding.)