Production data and prices for an oil well are given in the table. Also given are CAPEX, OPEX, production tax and depreciation. M stands for 1000.

Year	Gross Oil Production	Produced Gas-Oil Ratio	Oil Price	Gas Price	CAPEX	OPEX	Depreciation
	(MSTB)	(MSCF/STB)	($/STB)	($/MSCF)	($M)	($M)	($M)
2020	-	-	52.0	2.75	1000.0	-	-
2021	5.17	80	51.8	2.70	-	14.4	15.0
2022	2.39	105	51.9	2.65	-	14.5	14.5
2023	1.82	110	52	2.70	-	14.6	14.0
2024	1.21	120	52.1	2.74	-	14.7	13.5
2025	0.97	125	52.0	2.75	-	14.8	13.0
2026	0.70	110	52.4	2.75	45	15.0	14.0

NRI of the operator is 85%. Minimum acceptable rate of return is 10%. The operator uses mid-year accounting system.

Minimum acceptable rate of return is 10%. The operator uses mid-year accounting system.

1. Gross revenue from oil before production tax for the year 2025. [3] Use production tax = 2% + ((last 2 digits of your SOONERID)/100)% for both oil and gas.
2. Gross revenue from gas after production tax for the year 2026. [3]
3. Net revenue for the year 2025. [3]
4. Net cumulative revenue for the year 2024. [3]
5. Net discounted revenue for the year 2025. [3]
6. Net discounted cumulative revenue for the year 2026. [3]
7. Determine if the well operations will have Payback period before 2030. [3]
8. Net Present Value for well operations (from 2020 to 2030). You will have to forecast the production for the years without production data. Assume the OPEX increases linearly. Assume oil and gas prices remain fixed at the 2026 level. [3]