Complete the run ticket on the following page and give the entry to record the sale of the oil at $75/bbl assuming a severance tax rate of 5% and a 1/5 RI. Use the tables given in the chapter. The tank number is 1, the observed temperature is 11ec7775_9921_0698_9634_b363ba190caa_SM1710_00 and the observed API gravity is 11ec7775_9921_0699_9634_710dc344b0de_SM1710_00 . The first tank measurement at the beginning of the run is 11ec7775_9921_069a_9634_4589adb1b0e7_SM1710_00 at a temperature of 11ec7775_9921_2dab_9634_69934ce0b04f_SM1710_00 and the second tank measurement at the end of the run is 11ec7775_9921_2dac_9634_6b781c412281_SM1710_00 ' at 11ec7775_9921_2dad_9634_4f08eee696d0_SM1710_00 The BS&W content is 0.002.

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

Edition 5ISBN: 9781630181031

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

Edition 5ISBN: 9781630181031

Exercise 25

Complete the run ticket on the following page and give the entry to record the sale
of the oil at $75/bbl assuming a severance tax rate of 5% and a 1/5 RI. Use the tables
given in the chapter. The tank number is 1, the observed temperature is

and the
observed API gravity is

. The first tank measurement at the beginning of the run is

at a temperature of

and the second tank measurement at the end of the run
is

' at

The BS&W content is 0.002.

Explanation

Verified

Run ticket is used to show oil removed f...