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

تمرين 18

Four companies own adjacent leases that share a common reservoir. The companies
each have a 100% working interest in their respective leases in which they have the
following investment: The companies decide to unitize in order to obtain improved operating efficiency.
Following negotiations by engineers, geologists, and others, the following participation
factors and market values were agreed upon: a. Determine equalization of investment and prepare entries for all the parties,
assuming all of the companies are successful efforts companies.
b. Give the entries, assuming Company D is a full cost company.