Jayhawk Oil Company’s production for Lease A and Lease B is gathered into a common system and sold. Total sales for the month are 6,562 barrels. Assume the following data for Lease A and Lease B:

Measured production is 3,300 barrels from Lease A and 3,500 barrels from Lease B.
REQUIRED:

a. Allocate production to each lease.

b. Allocate the amounts per lease determined in part a to the wells. Round the ratios to four decimal places.

Transcribed Image Text:

Well 24-hour Test, bbl Days Produced Lease A: 1 40 24 2 30 30 3 50 28 Lease B: 1 2 850 50 30 80 24