If a company has both oil and gas reserves, the reserve replacement ratio and the reserve life

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If a company has both oil and gas reserves, the reserve replacement ratio and the reserve life ratio are typically calculated separately for each mineral.

a. False. They are computed in BOE.

b. True.

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593703639

6th Edition

Authors: Charlotte Wright

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Question Posted: Mar 08, 2024 10:00 AM

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If a company has both oil and gas reserves, the reserve replacement ratio and the reserve life

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The statement is false When a company has both oil a...View the full answer

Fundamentals Of Oil And Gas Accounting

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