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Belmont Company, a successful efforts company sold 2,500 (gross) Mcf of gas with a heat content of 1,030 MMBtu/Mcf. The selling price of the gas
- Belmont Company, a successful efforts company sold 2,500 (gross) Mcf of gas with a heat content of 1,030 MMBtu/Mcf. The selling price of the gas was $8/MMBtu.
- Determine the MMBtus for the gas sold
- Determine the total sales price
- Determine the unit sales price per Mcf.
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