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11 Four companies own adjacent leases that share a common reservoir. The companies each have a 100% working interest in their respective leases, in which

11
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Four companies own adjacent leases that share a common reservoir. The companies each have a 100% working interest in their respective leases, in which they have the following investment: Company IDC L&WE Leasehold Total A $50,000 $30,000 $10,000 $90,000 150,000 75,000 20,000 245,000 100,000 40,000 15,000 155,000 0 25,000 25,000 $300,000 $145,000 $70,000 $515,000 The companies decided to unitize in order to obtain improved operating efficiency. Following negotiations by engineers, geologists, and others, the following participation factors and market values were agreed upon: IDC Company $70,000 130,000 115,000 Participation L&WE Total $ 25,000 $ 95,000 90,000 220,000 50,000 165,000 0 30% $165,000 $480,000 Total 40% 20% 10% $315,000 100% How much cash will Company B receive or pay? Use $ and a comma as thousands separator. If the company will pay cash, place parentheses around your answer. No spaces. Example: ($1,000) indicates that the company will pay $1,000

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