developed reserves are 25,000 barrels Production during 2019 totaled 5 0 barrels, which sold for $80 bbl Ignore severance tax and assume Gene pays the royalty interest and ORI owners REQUIRED a Give the entries that would be made by Universal Company, assuming it uses the successful efforts method...

a Universal Company has paid 80000 to purchase working right on property Universal company sell out ...

developed reserves are 25,000 barrels. Production during 2019 totaled 5 0 barrels, which sold for $80/bbl....

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Apr 24, 2022 08:08 AM

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developed reserves are 25,000 barrels. Production during 2019 totaled 5 0 barrels, which sold for $80/bbl....

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