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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

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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: Well 24-hour Test, bbl Days Produced 1 40 24 2 30 30 3 50 Lease A: 28 Lease B: 1 50 30 2 80 24 Measured production is 3,300 barrels from Lease A and 3.500 barrels from 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

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