Question $1.$ The lead engineer on a new offshore prospect in the GOM has called in sick. Investors are calling

your boss to get an estimate of the original oil in place and the potential recovery from the new find. In an

attempt to be helpful, you find the assumptions in the engineers desk, but she has not calculated the OOIP or

potential reserve recovery. The notes reveal that it will take four wells to deplete a $160$ acre tract. The

reservoir rock is a sandstone called the Wilcox with $250$ feet of pay. The porosity of the reservoir rock is

measured to be $22\%$ with a water saturation of only $3\%.$ The conventional completion design is anticipated to

recover $30\%$ of the OOIP. The Bo is estimated to be $1\mathrm{.}35R\frac{B}{S}TB.$ What is the OOIP per well and estimated

recovery from each well? What is the total OOIP from the tract and associated recovery from this discovery?