Please show all work for both b's, and parts c,d,e, and f

4-10. Much to your dismay, the AFE for the proposed Little Yellow Jacket 6-1 well in problem 4-8 is approved and the well is drilled. Much to your surprise, the well encounters gas, although not in the target formation. Logs were run and the interpretation is that the net pay is 16 ft, 188 Oil and Gas Property Evalua the porosity is 15%, and the water saturation is 37%. After working the seismic again, the geologist states that the drainage area is expected to be 80 acres. The pay zone is somewhat shallower than originally predicted so you estimate that Bgi will be about 0.003 rcfscf. Because of the lower permeability you have decided that the recovery efficiency should be 65% of OGIP. You feel pretty good about the numbers above. Although the drainage area is uncertain, you think the geologist may have given you a 50% number. The Little Yellow Jacket 6-1 had to be sidetracked and the total well cost ended up being $6.543 million. After being fraced and flowed back to recover the load water the well was tested for 24 hours on a 36/64" choke at 2 MMscfd. You have been asked to prepare a "reserve report" on the well because the only gas gathering company that will even talk to you about gathering the gas really questions whether or not it is willing to build an 18- mile long line from the nearby field to gather the gas even though your company has installed the separator and a gas dehydration unit. Your company's working and net revenue interests are 100% and 75%, respectively. The average gas price over the life of the well is expected to be $3.27/Mcf. a) Based on the above assumptions, what gross volume of gas (in Mcf) do you expect to be recovered from this well? b) What is your company's share of the expected volume of gas (in Mef)? b) To what PRMS Classification do you believe these volumes belong? c) To what PRMS Category do you believe these volumes belong? d) Is it appropriate to assign these volumes to a "Reserve Status" under PRMS, and, if so, what status? e) Could these volumes be included in a reserve report prepared for SEC purposes? f) Are these volumes required to be included in a reserve report prepared for SEC purposes? 4-10. Much to your dismay, the AFE for the proposed Little Yellow Jacket 6-1 well in problem 4-8 is approved and the well is drilled. Much to your surprise, the well encounters gas, although not in the target formation. Logs were run and the interpretation is that the net pay is 16 ft, 188 Oil and Gas Property Evalua the porosity is 15%, and the water saturation is 37%. After working the seismic again, the geologist states that the drainage area is expected to be 80 acres. The pay zone is somewhat shallower than originally predicted so you estimate that Bgi will be about 0.003 rcfscf. Because of the lower permeability you have decided that the recovery efficiency should be 65% of OGIP. You feel pretty good about the numbers above. Although the drainage area is uncertain, you think the geologist may have given you a 50% number. The Little Yellow Jacket 6-1 had to be sidetracked and the total well cost ended up being $6.543 million. After being fraced and flowed back to recover the load water the well was tested for 24 hours on a 36/64" choke at 2 MMscfd. You have been asked to prepare a "reserve report" on the well because the only gas gathering company that will even talk to you about gathering the gas really questions whether or not it is willing to build an 18- mile long line from the nearby field to gather the gas even though your company has installed the separator and a gas dehydration unit. Your company's working and net revenue interests are 100% and 75%, respectively. The average gas price over the life of the well is expected to be $3.27/Mcf. a) Based on the above assumptions, what gross volume of gas (in Mcf) do you expect to be recovered from this well? b) What is your company's share of the expected volume of gas (in Mef)? b) To what PRMS Classification do you believe these volumes belong? c) To what PRMS Category do you believe these volumes belong? d) Is it appropriate to assign these volumes to a "Reserve Status" under PRMS, and, if so, what status? e) Could these volumes be included in a reserve report prepared for SEC purposes? f) Are these volumes required to be included in a reserve report prepared for SEC purposes