Question
Jason Oil Company owns 100% working interest in a lease. The Whittenburg family owns a 1/8 RI in the lease. In February 2020, 800 BBLs
Jason Oil Company owns 100% working interest in a lease. The Whittenburg family owns a 1/8 RI in the lease. In February 2020, 800 BBLs were produced and sold: severance tax is 5% and price per BBL is $58. What is Jason Oil Company Net Revenue Interest?
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Auditor Essentials 100 Concepts Tips Tools And Techniques For Success
Authors: Hernan Murdock
1st Edition
1138036919, 978-1138036918
