In January of Year 1, Jill, the landowner-lessor, and Aleanna Resources ("AR"), the lessee, enter into a standard oil and gas lease with Jill receiving a bonus of $300,000 and retaining a 1/8 royalty. Assume that Jill has a basis of $10,000 in the mineral estate. During Year 2, AR produces 12,000 barrels of oil from the lease. Assume that AR's adjusted basis in the tract is $305,000 and the estimated reserves are 240,000 barrels. Assume further that oil in Years 1 and 2 sold for $50 per barrel. In Year 3 the total estimated reserves in place before reduction for any production are revised from 240,000 barrels of oil to 500,000 barrels of oil. This revision is the result of new information and not a mistake. Production in Year 3 is 12,000 barrels. Calculate the cost depletion deduction for each party in each year?