Please answer the required sections on the pictures below. All the informeruon given is provided (13-17)

13. The following reserve table appeared in the financial statements of Tyler Company: 710. FUNDAMENTA 2022 Gas 724 22 Estimated Quantities of Net Proved Crude Oil and Natural Gas (Worldwide Totals only), in Thousands of Barrels and Millions of Cubic Feet 2020 2021 Year ended Dec. 31 Oil Gas Oil Gas Oil 171 779 234 783 Beginning of year 335 10 12 15 31 Revisions of previous estimates (11) Improved recovery 21 30 25 23 15 50 Purchases of reserves-in-place 0 12 12 0 24 Sales of reserves-in-place (12) (12) (20) (99) (70) Extensions & discoveries 69 78 90 42 6 150 Production (25) (104) (21) (68) (24) (76 End of year totals 234 783 335 724 251 870 0 (24) Year 2020 2021 2022 Net Wells 750 840 900 Gross Wells 2,010 1,910 2.050 REQUIRED: Compute the following ratios for all three years: a. The reserve replacement ratio computed for all three methods and for oil and gas separately b. The reserve life ratio computed for oil and gas separately c. The net wells to gross wells ratio d. The average reserves per well ratio computed using BOE.i.e., combining reserves based on relative energy content e. The average daily production per well computed using BOE 14. Tyler Company reported the following costs on its financial statements (in thousands): 2020 2021 2022 Unproved property acquisition $405 $200 $800 Proved property acquisition 0 500 350 G&G 500 650 425 Exploratory drilling (including dry hole) 221 700 650 Development drilling 50 300 REQUIRED: Using the reserve disclosure for Tyler Company in problem 13 and the data presented in this problem, compute finding costs per BOE using the various formulae. 90 Cice 200 15. Tyler Company reported the following expenses in its financial statements (in thousands): Year Lifting Costs DD&A 2020 $211 $500 2021 226 450 2022 183 525 REQUIRED: Using the reserve disclosure for Tyler Company given in problem 13 and the data presented in this problem: a. Compute lifting costs per BOE. b. Compute DD&A per BOE. 16. Tyler Company's ASC 932-235 disclosures included the following information: Changes in Standardized Measure of Discounted Future Net Cash Flows, in Thousands Year ended Dec. 31 2020 2021 2022 Beginning of year $1,131 $ 643 $1,656 Changes due to prices and costs (830) 550 Changes due to purchases in place 156 139 Changes due to extensions, discoveries, and improved recovery 400 180 712 Changes due to revisions in estimates 99 310 39 Changes due to sales in place (22) (35) (40) Changes due to production (270) (398) (500) Accretion of discount 250 199 Balance at end of year $643 $1,656 $2.405 REQUIRED: Using the information for Tyler Company in problems 13, 14, and 15 and in this problem: a. Compute the value of proved reserve additions per BOE using the various formulae. b. Compute the value added ratio for each year, utilizing formula 3 for finding costs per BOE, and formula 2 with revisions for value of reserves added per BOE. 17. Discuss the ratios computed for Tyler Company in problems 13 through 16. What is your assessment of the performance and future potential of Tyler Company? 0 135 13. The following reserve table appeared in the financial statements of Tyler Company: 710. FUNDAMENTA 2022 Gas 724 22 Estimated Quantities of Net Proved Crude Oil and Natural Gas (Worldwide Totals only), in Thousands of Barrels and Millions of Cubic Feet 2020 2021 Year ended Dec. 31 Oil Gas Oil Gas Oil 171 779 234 783 Beginning of year 335 10 12 15 31 Revisions of previous estimates (11) Improved recovery 21 30 25 23 15 50 Purchases of reserves-in-place 0 12 12 0 24 Sales of reserves-in-place (12) (12) (20) (99) (70) Extensions & discoveries 69 78 90 42 6 150 Production (25) (104) (21) (68) (24) (76 End of year totals 234 783 335 724 251 870 0 (24) Year 2020 2021 2022 Net Wells 750 840 900 Gross Wells 2,010 1,910 2.050 REQUIRED: Compute the following ratios for all three years: a. The reserve replacement ratio computed for all three methods and for oil and gas separately b. The reserve life ratio computed for oil and gas separately c. The net wells to gross wells ratio d. The average reserves per well ratio computed using BOE.i.e., combining reserves based on relative energy content e. The average daily production per well computed using BOE 14. Tyler Company reported the following costs on its financial statements (in thousands): 2020 2021 2022 Unproved property acquisition $405 $200 $800 Proved property acquisition 0 500 350 G&G 500 650 425 Exploratory drilling (including dry hole) 221 700 650 Development drilling 50 300 REQUIRED: Using the reserve disclosure for Tyler Company in problem 13 and the data presented in this problem, compute finding costs per BOE using the various formulae. 90 Cice 200 15. Tyler Company reported the following expenses in its financial statements (in thousands): Year Lifting Costs DD&A 2020 $211 $500 2021 226 450 2022 183 525 REQUIRED: Using the reserve disclosure for Tyler Company given in problem 13 and the data presented in this problem: a. Compute lifting costs per BOE. b. Compute DD&A per BOE. 16. Tyler Company's ASC 932-235 disclosures included the following information: Changes in Standardized Measure of Discounted Future Net Cash Flows, in Thousands Year ended Dec. 31 2020 2021 2022 Beginning of year $1,131 $ 643 $1,656 Changes due to prices and costs (830) 550 Changes due to purchases in place 156 139 Changes due to extensions, discoveries, and improved recovery 400 180 712 Changes due to revisions in estimates 99 310 39 Changes due to sales in place (22) (35) (40) Changes due to production (270) (398) (500) Accretion of discount 250 199 Balance at end of year $643 $1,656 $2.405 REQUIRED: Using the information for Tyler Company in problems 13, 14, and 15 and in this problem: a. Compute the value of proved reserve additions per BOE using the various formulae. b. Compute the value added ratio for each year, utilizing formula 3 for finding costs per BOE, and formula 2 with revisions for value of reserves added per BOE. 17. Discuss the ratios computed for Tyler Company in problems 13 through 16. What is your assessment of the performance and future potential of Tyler Company? 0 135