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21. Lynx Oil Company is the operator on the Auraria Lease. The accounting procedure attached to the JOA allows Lynx Oil Co. to recoup
21. Lynx Oil Company is the operator on the Auraria Lease. The accounting procedure attached to the JOA allows Lynx Oil Co. to recoup its overhead by the use of a monthly combined fixed rate-well basis of $1,000 per producing well and $20,000 per drilling well. For April, 2021, how much total overhead would Lynx bill the joint account if the Auraria Lease had 7 wells producing for the full month of April, 2 wells producing for 15 days in April, and 1 well producing for only 6 days in April? $0 $8,200 $10,000 O $200,000
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