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Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
Edition 5ISBN: 9781630181031 Exercise 13
Dwight Oil and Gas Company has the following information at 12/31/15. 
Production in 2015:
Oil 15,000 bbl Sold at average price of $70/bbl
Gas 70,000 Mcf Sold at average price of $5.00/Mcf
The current prices at 12/31/15 are:
Oil $75.00/bbl
Gas $ 5.50/Mcf
Compute DD&A using the unit-of-revenue method.
Production in 2015:Oil 15,000 bbl Sold at average price of $70/bbl
Gas 70,000 Mcf Sold at average price of $5.00/Mcf
The current prices at 12/31/15 are:
Oil $75.00/bbl
Gas $ 5.50/Mcf
Compute DD&A using the unit-of-revenue method.
Explanation
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D Oil and Gas Company has the following ...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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