CHAPTER 12 Acting for Revenue from Oil and Gas Sales - 423 22 Jackson Oil Company's production for Lease A and Lease B is gathered into a common system and sold. Total sales for the month of July are 6,562 barrels Assume the following data for Lease A and Lease B: Measured production is 3,300 barrels from Lease A and 3.500 barrels from Lease B. Well 1 Days Produced 40 2 30 24 3 30 50 28 1 50 30 2 80 24 24-hour Test, bbl Lease A: Lease B: REQUIRED: a. Allocate production to each lease. b. Allocate the amounts per lease determined in part a to the wells. Round the ratios to four decimal places. production from egch well and la CHAPTER 12 Acting for Revenue from Oil and Gas Sales - 423 22 Jackson Oil Company's production for Lease A and Lease B is gathered into a common system and sold. Total sales for the month of July are 6,562 barrels Assume the following data for Lease A and Lease B: Measured production is 3,300 barrels from Lease A and 3.500 barrels from Lease B. Well 1 Days Produced 40 2 30 24 3 30 50 28 1 50 30 2 80 24 24-hour Test, bbl Lease A: Lease B: REQUIRED: a. Allocate production to each lease. b. Allocate the amounts per lease determined in part a to the wells. Round the ratios to four decimal places. production from egch well and la