Information from a run ticket shows that 2,000 net barrels of oil with an API gravity of

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Information from a run ticket shows that 2,000 net barrels of oil with an API gravity of 36º were sold. The selling price is based on a contract price of $90/bbl, adjusted downward 4¢ for each degree of gravity less than 40º.

REQUIRED: Compute the selling price for the 2,000 barrels.

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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 10:01 AM

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Information from a run ticket shows that 2,000 net barrels of oil with an API gravity of

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Fundamentals Of Oil And Gas Accounting

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