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.. 11. Data as of 12/31/05 for Gusher Oil Company's U.S. properties are as follows: (This problem is similar to Problem 14 in Chapter 6.)

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.. 11. Data as of 12/31/05 for Gusher Oil Company's U.S. properties are as follows: (This problem is similar to Problem 14 in Chapter 6.) Unproved properties, control $ 200,000 W/Punproved properties 350,000 Dry exploratory wells on unproved properties 425,000 Abandoned costs of unproved properties 275,000 Proved properties 190,000 Wells and related E&F 600,000 Accumulated DD&A 375,000 ... 1 . 4 ... . . .. Gusher's activities during 2006 were as follows: Unproved properties acquired $ 35,000

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