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

تمرين 18

Core Petroleum is considering drilling one well on either the Rago lease or the Bennett
lease in Texas. Core does not have sufficient funds to drill both wells and must decide
which of the two wells to drill. Information relating to each of the wells follows: REqUIRED: Using the payback method, determine which well Core should drill.