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assuming the lease is fullt developed computed DD&A using a common unit of measurement based on BOE and give the entry required. Round your amount
assuming the lease is fullt developed computed DD&A using a common unit of measurement based on BOE and give the entry required. Round your amount to the nearest dollar. It would be easier to use a conversion rate of 6 to 1
Both oil and gas are produced from Inferno Company's lease in Texas. Additional information: Net capitalized costs, 12/31 Estimated Proved Reserves 12/31 -$1,750,000 Oil- Gas- Production during 2018 Oil- Gas- -200,000 bbl -1,200,000 Mcf 10,000 bbl -300,000 Mcf
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