Question: Which would not be considered a nonoperating interest? Net profits interest Overriding royalty interest Volumetric production payment ( VPI ) Production payment interest All are

Which would not be considered a nonoperating interest?
Net profits interest
Overriding royalty interest
Volumetric production payment (VPI)
Production payment interest
All are nonworking interest.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

act 1. Problems Note: Assume all production and reserves are gross barrels or thousand cubic feet What is the major purpose of unitization? 2. Distinguish between a carried interest situation, a...

Q:

Identify the types of interests that are created in the following situations. If the interest is an overriding royalty or a production payment interest, also state whether it is a retained or...

Q:

Identify the types of interests that are created in the following situations. If the interest is an overriding royalty or a production payment interest, also state whether it is a retained or...

Q:

Problems on Parties Eligible to make an IDC Election Note (LL=Landowner Larry, WB=Wildcat Bill DD=Driller Dan) LL and WB enter into an oil & gas lease with Larry retaining 1/8 th royalty and Bill...

Q:

a 4. The following transactions occurred during 2020: a. Axis Oil Company and Alan Oil Company jointly purchased a 1,500-acre lease in Oklahoma for $48,000. Axis has a 55% WI and Alan has a 45% WI....

Q:

Financial information attached. I'm supposed to project for 2015, 2016, and 2017. I do not understand the question or how to do it. Pro-Forma Financial Statements (I/S, B/S and Statement of Cash...

Q:

Due Sunday, 11/20: Problems from Zimmerman text: 2-11, 2-44, Case 2-3, 7-7, and 7-20 Chapter Two The Nature of Costs Chapter Outline A. Opportunity Costs 1. Characteristics of Opportunity Costs 2....

Q:

Reference: Publix Super Markets: Its Strategy in the U.S. Supermarket and Grocery Store Industry Case Study Help on: In 750-800 WO****DS Answer These Questions and Provide Works Cited Page. Wr****...

Q:

4. The following transactions occurred during 2020: a. Axis Oil Company and Alan Oil Company jointly purchased a 1,500-acre lease in Oklahoma for $48,000. Axis has a 55% WI and Alan has a 45% WI....

Q:

4. The following transactions occurred during 2020: a. Axis Oil Company and Alan Oil Company jointly purchased a 1,500-acre lease in Oklahoma for $48,000. Axis has a 55% WI and Alan has a 45% WI....

Q:

A gate assembly consisting of a 24-kg gate ABC and a 66-kg counterweight D is attached to a 24-mm-diameter shaft B which fits loosely in a fixed bearing. Knowing that the coefficient of static...

Q:

Debra Green is the divisional manager of the Consumer Banking Division of Pennywise Bank. Each year Debra submits an annual budget to Barney Stringer, the banks chief financial officer. Debras bonus,...

Q:

Complete the following sentence: Control engineers are concerned with understanding and controlling segments of their environments, often called . a. systems b. design synthesis c. trade-offs d. risk

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...