Two leases in far West Texas are being combined to form the West End Unit. REQUIRED: a.
Question:
Two leases in far West Texas are being combined to form the West End Unit.
REQUIRED:
a. Determine the participation factors for each party, assuming the participation factors are based on the acreage contributed.
b. Determine the participation factors for each party, assuming the participation factors are based on the net recoverable barrels contributed.
c. Determine the participation factors for each party, assuming the participation factors are based on the acreage contributed being weighted 40% and the net recoverable barrels being weighted 60%.
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