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are as follows: 2020 3,000,000 Date: Ch07-Q01 ABC Company has oil and gas properties located only in the United States. Data for Lucky Company as
are as follows: 2020 3,000,000 Date: Ch07-Q01 ABC Company has oil and gas properties located only in the United States. Data for Lucky Company as of December 31 Costs to be amortized Production during 2006 Oil 5,000.00 bbl Gas 10,000.00 Mcf Proved reserves, 31/12/06 Oil 90,000.00 bbl Gas 350,000.00 Mcf Current selling price, 31/12/06 Oil 23.00 Gas 2.50 per Mcf Selling price during 2006 20.00 per bb! Gas 2.75 per bbl Oil per Mcf Calculate: i)- DD&A based on equivalent energy units for DD&A based on unit-of-revenue. 2020 are as follows: 2020 3,000,000 Date: Ch07-Q01 ABC Company has oil and gas properties located only in the United States. Data for Lucky Company as of December 31 Costs to be amortized Production during 2006 Oil 5,000.00 bbl Gas 10,000.00 Mcf Proved reserves, 31/12/06 Oil 90,000.00 bbl Gas 350,000.00 Mcf Current selling price, 31/12/06 Oil 23.00 Gas 2.50 per Mcf Selling price during 2006 20.00 per bb! Gas 2.75 per bbl Oil per Mcf Calculate: i)- DD&A based on equivalent energy units for DD&A based on unit-of-revenue. 2020
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