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

تمرين 26

Belmont Company, a successful efforts company located in California, sold 2,500
(gross) Mcf of gas with a heat content of 1.030 MMBtu/Mcf. The selling price of the
gas was $8.00/MMBtu.
REqUIRED:
a. Determine the MMBtus for the gas sold.
b. Determine the total sales price.
c. Determine the unit sales price per Mcf.