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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 11
Choice Petroleum has the following data in connection with Lease A: 
Choice Petroleum is sole owner of the working interest.
If reserves are determined to be 20,000 barrels, is the well profitable? Would the well be
profitable if reserves are 30,000 barrels? How many barrels of total production would it
take to recover drilling and completion costs?
Choice Petroleum is sole owner of the working interest.If reserves are determined to be 20,000 barrels, is the well profitable? Would the well be
profitable if reserves are 30,000 barrels? How many barrels of total production would it
take to recover drilling and completion costs?
Explanation
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CP has the following data in connection ...
Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright
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