Question
Three wells in Eastern Colorado have the following data: Well 1: 24-hr. Test: 55 bbl Days Produced: 28 days Well 2: 24-hr. Test: 50 bbl
Three wells in Eastern Colorado have the following data:
- Well 1:
24-hr. Test: 55 bbl
Days Produced: 28 days - Well 2:
24-hr. Test: 50 bbl
Days Produced: 30 days - Well 3:
24-hr. Test: 60 bbl
Days Produced: 29 days
Total Production Sold: 5,400 barrels—measured at point of delivery (production from 3 wells commingled)
Requirement:
Determine the barrels of production allocated to each well. Round the ratio to three decimal places and round barrels to the nearest whole barrel.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
