Dwight Energy owns the working interest in a tract of land in Texas. Lacking the funds to

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Dwight Energy owns the working interest in a tract of land in Texas. Lacking the funds to develop the property, Dwight assigns Bartz Oil 30,000 barrels of oil to be paid out of 1/7 of the working interest’s share of production in exchange for $600,000 in cash.

What type of interest has Bartz acquired?

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Fundamentals Of Oil And Gas Accounting

ISBN: 9781593701376

5th Edition

Authors: Charlotte J. Wright, Rebecca A. Gallun

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