Please show work for part a and part b

6,30. You own a 49% working interest and a 38.6% net revenue interest in Lease "B." The current oil price la 8657bbl. If the severance and ad. Valorem tax rate la 8%, and the gross monthly operating costs are 89,000 a) What is the rate at the economie limit in bopd? (See Chapter 1 or Chapter 8 for economic limit calculation) b) What must the price of oil be if the economic limit is 3 bopd? c) If the current rate is 80 bopd and the decline rate is 0,6/year (nominal exponential), what % increase in gross (8/8) reserves is attributable to this change in economic limit? 6,30. You own a 49% working interest and a 38.6% net revenue interest in Lease "B." The current oil price la 8657bbl. If the severance and ad. Valorem tax rate la 8%, and the gross monthly operating costs are 89,000 a) What is the rate at the economie limit in bopd? (See Chapter 1 or Chapter 8 for economic limit calculation) b) What must the price of oil be if the economic limit is 3 bopd? c) If the current rate is 80 bopd and the decline rate is 0,6/year (nominal exponential), what % increase in gross (8/8) reserves is attributable to this change in economic limit