John Smith leased his mineral rights, reserving 1/8 royalty interest. The joint working interest is owned as
Fantastic news! We've Found the answer you've been seeking!
Question:
John Smith leased his mineral rights, reserving 1/8 royalty interest. The joint working interest is owned as follows:
Company X 60%
Company Y 25%
Company Z 15%
A successful well was drilled, and the total production for the current year was 50,000 bbls.
Calculate the production that each of the WI owners would use in computing DD&A (round to nearest whole bbl and include commas).
Company X
Company Y
Company Z
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: