Question: please show work 2. Calculation: COG Operating LLC owns a working interest in an oil and gas lease. Lacking the funds to develop the lease,

please show work

please show work 2. Calculation: COG Operating LLC owns a working interest

2. Calculation: COG Operating LLC owns a working interest in an oil and gas lease. Lacking the funds to develop the lease, COG assigns the working interest to Concho Resources Inc, reserving 1/32 of 6/7 of production. a) What of interest has Concho acquired? What amount? b) What kind of interest has COG retained? What amount? 2. Calculation: COG Operating LLC owns a working interest in an oil and gas lease. Lacking the funds to develop the lease, COG assigns the working interest to Concho Resources Inc, reserving 1/32 of 6/7 of production. a) What of interest has Concho acquired? What amount? b) What kind of interest has COG retained? What amount

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