Chavez Petroleums lease in Wyoming produces both oil and gas. Additional information as of 1/1/19 follows: REQUIRED:

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Chavez Petroleum’s lease in Wyoming produces both oil and gas. Additional information as of 1/1/19 follows:

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REQUIRED: Compute amortization assuming the lease is fully developed:

a. Assuming oil is the dominant mineral

b. Using a common unit of measure based on BOE

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