James Whitaker owns the mineral rights to 340 acres in Coleman County, Texas.James

leases the property to Juniper Oil & Gas ("Juniper") reserving a 1/8 royalty interest.Juniper drills a

successful well and begins producing oil.Before the first month's production Juniper assigns a

5% ORI to its engineer, Marty Jacobs.In March 2020 Juniper incurred $17,500 of lease operating

expenses (production/lift costs), produced and sold 900 BBLs of oil at a price per BBL of $44;

the severance tax is 7.5%.Juniper assumes the responsibility of distributing revenue and paying

severance taxes.NOTE:When calculating owner decimal interest please go out six decimals.

REQUIRED (Must show work in details):

a.Calculate the gross revenue to each party.

b.Calculate the portion of the tax each party pays.

c.What portion of the lease operating expenses does each party pay?