The Fisher Lease is a joint working interest. Garcia Energy owns 70%, Cameron Company owns 20%, and

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The Fisher Lease is a joint working interest. Garcia Energy owns 70%, Cameron Company owns 20%, and Tampa Oil Company owns 10% of the working interest.

Assume Garcia Energy is the operator and incurs the following costs during the month of July 2019, in connection with the property:

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REQUIRED: Give the entries to record and distribute the costs, assuming regular accounts are used.

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593703639

6th Edition

Authors: Charlotte Wright

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Question Posted: Mar 08, 2024 10:00 AM

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The Fisher Lease is a joint working interest. Garcia Energy owns 70%, Cameron Company owns 20%, and

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Fundamentals Of Oil And Gas Accounting

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