Energy Accounting:

Given the above photo information, calculate the following:

-reserve replacement ration without revisions for 2015

-reserve ratio for 2016

-net wells to gross wells ratio for 2016

-average reserves per well ratio for 2015

-average daily production per well ratio for 2017

The following reserve table appeared in the financial statements of Brown Company. (in thousands of barrels) Year ended Dec. 31 2015 2016 2017 Beginning of year 170 240 325 Revisions of previous estimates 10 12 (10) Improved Recovery 25 20 12 Purchases of Reserves in-place 0 10 0 Sales of reserves in-place (10) (25) (60) Extensions and Discoveries 70 90 15 Production (25) (22) (25) End of Year 240 325 257 Year Net Wells 2015 700 Gross Wells 2000 1900 2100 2016 850 2017 900 The following reserve table appeared in the financial statements of Brown Company. (in thousands of barrels) Year ended Dec. 31 2015 2016 2017 Beginning of year 170 240 325 Revisions of previous estimates 10 12 (10) Improved Recovery 25 20 12 Purchases of Reserves in-place 0 10 0 Sales of reserves in-place (10) (25) (60) Extensions and Discoveries 70 90 15 Production (25) (22) (25) End of Year 240 325 257 Year Net Wells 2015 700 Gross Wells 2000 1900 2100 2016 850 2017 900