Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

تمرين 6

Elizabeth Petroleum data in connection with Lease A are as follows: REqUIRED: Should the well be completed, assuming the following total production?
Discuss your answer.
Case A: 10,000 bbl
Case B: 20,000 bbl
Case C: 30,000 bbl