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On Fundamentals oil and gas... Allocation back to well example. How do i get the ratio amount? because the book shows dividing the total actual
On Fundamentals oil and gas... Allocation back to well example. How do i get the ratio amount? because the book shows dividing the total actual production / by theoretical production. But i need the Ratio first to get the Actual Products numbers. I am lost can anybody tell me please.
2900/2710 = 1.07 Ratio
WELL. 24-HR TEST (bbl). Days Produced Theoretical Ratio. Actual Production
1 20. 30 600. x 1.07 =. 642
2. 35. 26. 910. x 1.07. =. 974
3. 50. 24 1200 x 1.07. =. 1284
------- x. 1.07. =. --------
2710 2900
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