Churchwell Company, a successful-efforts company located in California, sold 2,500 Mcf of gas with a heat content

Question:

Churchwell Company, a successful-efforts company located in California, sold 2,500 Mcf of gas with a heat content of 1.030 MMBtu/Mcf. The selling price of the gas was $$2.00$ per MMBtu.

REQUIRED:

a. Determine the MMBtu’s for the gas sold.

b. Determine the total sales price.

c. Determine the unit sales price per Mcf.

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Fundamentals Of Oil And Gas Accounting

ISBN: 9780878147939

4th Edition

Authors: Rebecca A. Gallun, Ph.D. Wright, Charlotte J, Linda M. Nichols, John W. Stevenson

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Question Posted: May 29, 2024 10:00 AM

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Churchwell Company, a successful-efforts company located in California, sold 2,500 Mcf of gas with a heat content

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Fundamentals Of Oil And Gas Accounting

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