During 2015, O’Neal Corporation incurred the following costs in connection with the Batch lease:

a. Acquired the 800 acre Batch lease at a lease bonus of $70 per acre and other acquisition costs of $10,000.

b. Incurred the following costs in connection with Batch #1:

Record the above transactions. Hint: The type of equipment installed when the well reached target depth indicates whether the well was successful or dry.

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G&G costs to locate wellsite Surface damages. Surface casing.. Contractor's fee-day rate Equipment rentals. Drilling fluids Fuel ... Drill bits.. Cementing services $ 3,000 15,000 7,000 175,000 200,000 35,000 9,000 20,000 5,000 6,000 8,000 7,500 36,000 11,000 Lines and connections.. 5,500 Pumping unit motor and accessories. 50,000 Casing crews.. Roustabout labor Hauling and transportation. Production casing. Tank battery...