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6. Arthur Mccord owns 160 mineral acres in Casper, Wyoming. Arthur enters into a 4-year lease agreement with Windjammer Petroleum reserving 1/4 royalty. In 2019

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6. Arthur Mccord owns 160 mineral acres in Casper, Wyoming. Arthur enters into a 4-year lease agreement with Windjammer Petroleum reserving 1/4 royalty. In 2019 Windjammer made the following assignments: To Martha Riley (Engineer), an ORRI of 1/8 To Ben Stevenson, a production payment of 25,000 BBLs of oil to be paid out of the 1/6 of Windjammer's share of production. After considering the above assignments, to Sunrise Oil & Gas Company a joint working interest of 20%. REQUIRED (you must show your work): a. Prepare the decimals interests assigned to each party. For purposes of this exercise please go out five (5) decimal places when calculating decimal interests b. Assuming 24,000 gross BBLs oil, calculate the number of barrels each party would receive

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